Answer:
C. You have more credits than debits.
Explanation:
In the financial world, certain terms are used that are understood by those in the financial world. One such word is the phrase "being in the black".
This phrase<u> "being in the black" means when someone of a company has more credits than debits</u>. This means that the inflow of money is more than outgoing. So, it is a good thing and that the company or the person is in a stable condition, not in debt, and financially solvent and safe.
Thus, the correct answer is option C.
Answer:
The correct answer is "Direct cost"
Explanation:
A direct cost is a value that can be fully attributed to the production of specific goods or services. For the current question, The manager branch salary would be part of the direct costs. The direct cost are uniform for each unit of production, Independent if the agency sells more or fewer tour packages, the company will pay to the manager a basic salary. Keep in mind that some companies give extras and bonus to the manager depending on the achieved goals. However, the manager's salary is a direct cost.
Answer:
The equivalent units of production for conversion costs are 464,760 units
Explanation:
The computation of the equivalent unit is shown below:
= (Completed and transferred units × completed percentage) + (ending work in progress units × completed percentage)
= (444,600 units × 100%) + (50,400 units × 40%)
= 444,600 units + 20,160 units
= 464,760 units
For computing the equivalent units,we have to consider both the units which are mentioned in the question.
Answer:
The correct answer is option A.
Explanation:
US imports refer to the goods and services that are produced in some countries other than the US. These goods are then sold in the US. The imports for the US are exports for the country that is producing those goods and services.
While the goods and services that are produced in the US and sold in some other country are exports for the US and imports for the purchasing country.
Answer:
When bonds are converted into common stock____.
a. the market price of the stock and the bonds is ignored when recording the conversion.
Explanation:
This is because the conversion price, which is the price at which the convertible bond is converted into the common stock of the entity, is usually set initially when the conversion ratio is first decided on. Therefore, the market prices of the stock and the bonds are not taken into account when the conversion recording is being done.