Answer:
The answer is a. Work-in-process
Explanation:
b. Finished-goods is not right because the description mentioned raw material and semifinished goods.
c and d is not right because the concepts do not describe types of inventory themselves
e is not right because the Raw material account only accounts for raw material itself, that is, raw material without any further processing.
a. is correct because work-in-process is an account used to record the inventories that has been partially processed toward finished goods for the final providing of goods and services to the market.
So a is the correct choice.
Answer:
Marginal cost is greater than its average cost.
Explanation:
Given that,
Cost of producing 500 graphing calculators = $35,000
Cost of producing 501 graphing calculators =$35,080
Therefore,
The marginal cost = Cost of 501 graphing calculator - Cost of 500 graphing calculator
= $35,080 - $35,000
= $80
Average cost:
= $35,000 ÷ 500
= $70
Therefore, the marginal cost is greater than its average cost.
Answer: True
Explanation:
Recapitalization refers to a process where a company alters its capital composition. For instance, it can acquire more debt whilst reducing its equity holdings.
Recapitalization can affect the number of shares that a company has and the weight of those shares in relation to debt but it does not change the price of the stock so this statement is true.
Each product line likely has a different target market. it's about small scale of company. or industrial scale of company
Answer:
Part A. $8514
Part B. Purchase Return
Explanation:
Part A. The cash required to payment is the inventory purchases after the sales return. And here the inventory purchases after purchase return are:
Purchases after purchase return = $9,900 - $1,300 = $8600
Now the discount available is 1%
So this implies:
Cash required = $8600 * (100-1)% = $8,514
Part B. Now the double entry under perpetual inventory system would be:
Dr Accounts Payables $86
Cr Purchase Return $86