Answer: worksheet
Explanation:
The entries for the consolidation of Lisa and Victoria would be recorded in a worksheet.
Consolidation worksheet refers to the tool that is used in the preparation of the consolidated financial statements of both a parent company and the subsidiaries.
The consolidation worksheet is important as it shows the individual book values for the parents company and the subsidiaries.
Factors of production im pretty sure
If Talia is likely to be hired as the manager at the MNC,
she is to expect the following;
<span>-
</span>Talia and her colleagues will likely cultivate a
global perspective and view the whole world as a market
<span>-
</span>The strategy that they will likely engage to is
about finding raw materials and as well as locating production that may be most
profitable in doing so
<span>-
</span>Lastly, the corporate structure will likely
integrate the activities associating to foreign affliates
Answer:
Debit Credit
Wages expenses $17,500
Wages receivable $7,500
Wages payable $25,000
Explanation: The end of the current month falls on the second Tuesday of the pay period means, on the 7th day, the end of the month was Tuesday instead of the expected 10th workday and a Friday. In this instance, it means the employees of Lucid Laboratories had only worked for 7 days, then a wages expense of 7/10 days x $25,000 ($17,500) would be recorded with the balance being a wage receivable (since the employees are expected to work for the remaining work days in the next month). The total amount would then be recorded as a payable.
Next month, when it is a first Friday and is time to make payment, the company will record the following entries:
Debit Credit
Wages payable $25,000
Cash $25,000
Wages expense $7,500
Wages receivable $7,500
Answer:
Explanation: Absorption Costing is the accepted method of of product costing because it takes into account all costs related to the production which includes all variable and fixed costs.
Using the absorption costing method, all normal manufacturing costs are treated as product costs and subsequently included as inventory in the financial statements. All Inventory costs are reflected in the income statement and the balance sheet.
while the use of variable costing method is not accepted because it only considers the variable costs, direct material and direct labour and leave out all fixed costs which is not accepted by GAAPS.
