When does the cost of inventory become an expense?

What could be two reasons why the data might not support the hypothesis?

Degger [83]

Below are the <span> two reasons why the data might not support the hypothesis:
</span><span>
1) The hypothesis was wrong
2) The data is wrong

A hypothesis is a proposed thought that may clarify a perception or marvels. It is confirmed by testing it. In the event that the information bolsters the theory, at that point, we view the speculation as checked and genuine. Assuming, be that as it may, the information does not bolster the speculation or discredits it, at that point the theory is in a bad position, and we need to concoct an alternate speculation to clarify the perceptions.
</span>

7 0

3 years ago

Suppose a hypothetical economy is currently in a recessionary gap of $64 billion. Four economists agree that expansionary fiscal

krok68 [10]

Answer:

a. Amount the government would have to increase spending according Economist A = $8 billion

b. Amount the government would have to increase spending according Economist B = $16 billion

Explanation:

a. Economist A

Since government spending multiplier is believed to be 8, this implies that the government has to spend an amount that when it is multiplied by 8 it will be equal to recessionary gap of $64 billion in order to close the output gap. This amount can be calculated as follows:

Amount the government would have to increase spending according Economist A = Amount of recessionary gap / Government spending multiplier according to Economist A = $64 billion / 8 = $8 billion

b. Economist B

Since government spending multiplier is believed to be 4, this implies that the government has to spend an amount that when it is multiplied by 4 it will be equal to recessionary gap of $64 billion in order to close the output gap. This amount can be calculated as follows:

Amount the government would have to increase spending according Economist B = Amount of recessionary gap / Government spending multiplier according to Economist B = $64 billion / 4 = $16 billion

4 0

3 years ago

The Sugar Sweet Company will choose from two companies to transport its sugar to market. The first company charges $3696 to rent

zepelin [54]

Answer:

The amount when the companies charge the same is 16 tons. The cost of the two companies when they are the same is $7,308.

Explanation:

A. You could put an equation into a graphing calculator and analyze the tables. (This is the easier option) or...

B. Write the numbers out by hand. You take 3696 and 4500 as starting values and continue adding the fees on each one. You continue this until you have equivalent costs. This takes awhile, but it will get you your answer.

3 0

3 years ago

Adjusts the accounts at the end of each month. cruella's adjusting entry at the end of february should include a debit to rent e

Sauron [17]

After each month, adjust the accounts. Cruella's adjusting entry at the end of February should include a debit to rent expense for $100.

<h3>What is an adjusting entry?</h3>

Adjusting entries refer to a set of journal entries recorded at the end of the accounting period to have updated and accurate balances of all the accounts. The main purpose of adjusting entries is to communicate an accurate picture of the company’s finances. The management can have a proper look into the financial statements knowing that Everything that occurred during the month is reported, even if the financial part of the transaction would have been warranted to have occurred at a later stage.

To learn more about adjusting entries, visit;

brainly.com/question/4035835

#SPJ4

8 0

2 years ago

The Jung Corporation's production budget calls for the following number of units to be produced each quarter for next year: Budg

Vera_Pavlovna [14]

Answer:

114,600 pounds.

Explanation:

Calculation to determine what Budgeted direct materials purchases for the third quarter would be:

First step is to calculate the production requirement

Production requirement = 34,000 units * 3 pounds each units

production requirement=102,000 pounds

Second step is to calculate the closing stock

Closing stock = Next quarters requirement * 30% Closing stock=[48,000*3 pounds]*30%

Closing stock=43,200.

Third step is to calculate the opening stock

Opening = current month's requirement *30%

Opening stock=[34,000 *3 pounds]*30%

Opening stock=30,600 pounds.

Now let calculate what Budgeted direct materials purchases for the third quarter would be:

Using this formula

Direct material purchases = Production requirement + Closing stock - Opening stock

Let plug in the formula

Budgeted material purchase = 102,000 + 43,200 - 30,600

Budgeted material purchase =114,600 pounds

Therefore Budgeted direct materials purchases for the third quarter would be:114,600 pounds

8 0

3 years ago

When does the cost of inventory become an​ expense?

When does the cost of inventory become an expense?