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Ierofanga [76]
2 years ago
13

Given the total volume and importance of international trade and international exchanges, describe the implications to someone's

career in business, and to your__________________.
Business
1 answer:
sweet [91]2 years ago
3 0

Answer:

Education

Explanation:

Given the total volume and importance of international trade and international exchanges, describe the implications to someone's career in business, and to your education in particular.

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Berry company is an architectural firm located in detroit, michigan. the company works with small and medium-size construction b
Bess [88]

The cost of goods manufactured and the cost of goods sold will be $910000 and $930000 respectively.

<h3>How to calculate the cost?</h3>

Begining direct material inventory = 20000

Direct material purchase = 40000

Direct materials available = 60000

Ending inventory = -10000

Direct materials used = 50000

Direct labor = 800000.

Total factory overhead = 100000

Total manufacturing cost= 95000

Begining design = 60000

Ending design in process = -100000

Cost of goods manufactured = 910000

Beginning finished goods inventory = 300000

Ending finished goods inventory = -280000

Cost of goods sold = 930000

The dominant cost in the cost of goods sold is the direct labor cost of $800,000.

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7 0
1 year ago
What are the five key steps to applying the revenue recognition principle? 2. What are indicators that control has passed from t
LenKa [72]

Answer:

The Five Steps to applying the revenue recognition principle

1. Identify the contract with a customer.

2. Identify the performance obligation(s) in the contract.

3. Determine the transaction price.

4. Allocate the transaction price to the performance obligations.

5. Recognize revenue when (or as) each performance obligation is satisfied.

Indicators that Control has Passed from the Seller to the Buyer

A performance obligation is satisfied at a single point in time when control is transferred to the buyer at a single point in time. This often occurs at delivery. Five key indicators are used to decide whether control of a good or service has passed from the seller to the buyer. The customer is more likely to control a good or service if the customer has:

1. An obligation to pay the seller.

2. Legal title to the asset.

3. Physical possession of the asset.

4. Assumed the risks and rewards of ownership.

5. Accepted the asset.

Under what circumstances can sellers recognize revenue over time

<em>if at least one of the following three criteria is met: </em>

1. The customer consumes the benefit of the seller's work as it is performed,

2. The customer controls the asset as it is created, or

3. The seller is creating an asset that has no alternative use to the seller, and the seller can receive payment for its progress even if the customer cancels the contract.

6 0
3 years ago
When was the first convention center built?
scZoUnD [109]

Answer:

1851

Explanation:

hope this helps :)

8 0
3 years ago
Read 2 more answers
Jacobs Company borrowed $100,000 at 8 percent interest for three months.
ASHA 777 [7]

Answer:

B. $2,000

Explanation:

The principal amount is $100,000

Interest rate is 8% usually per year ( 12 months)

Loan duration, three months:

Annual interest = $100,000.00 x 8%

   =$100,000.00x 0.08

   =$ 8000.00

Interest for 3 months

   =3/12x$8000.00

   =0.25x$8000.00

   =$2000

4 0
3 years ago
A positive result from the scientific management approach is an increase in _______ productivity.
nirvana33 [79]
A. Social thats the answer

6 0
2 years ago
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