1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
bija089 [108]
3 years ago
5

The placing of direct materials into the production process is recorded by an entry debiting:_________.A. Materials Expense.

Business
1 answer:
Alik [6]3 years ago
5 0

Answer: C. Work in Process Inventory.

Explanation:

When Raw Materials are purchased they are simply put into the Materials Account.

When the company needs to start working on them however, they will transfer the raw materials to the Work in Progress account which records the Direct Materials and Direct Labor that are used in the Production process. By Debuting this account they indicate that the materials in it have increased.

You might be interested in
Bingo Land Inc. has a defined benefit pension for their employees. For the fiscal year 2019, the PBO beginning balance was $1,80
Umnica [9.8K]

Answer:

Ending balance is $152

Explanation:

The table is attached below

8 0
3 years ago
Which economic system has economic roles that are passed from generation to generation?
mylen [45]
The best answer would be: traditional economy (specifically, it's definitely neither market economy nor command economy - in those economies the family does not necessarily play a role in the chose of roles).

An example of such strict economic roles is ancient India - and the roles are called castes.
5 0
3 years ago
Professor’s Annuity Corp. offers a lifetime annuity to retiring professors. For a payment of $74,000 at age 65, the firm will pa
photoshop1234 [79]

Answer: 0.10%

Explanation:

The following can be gotten from the question:

n = 15 years

We change it to months. Thus will be:

= 15 × 12

= 180

Present value of an annuity :

= A × {1- (1 +r ) -n ]/r}

74000 = 450 × [ 1- (1 +r) - 180]/r

r= 0.10%

Therefore, the monthly interest rate is 0.10%.

8 0
3 years ago
A food worker vomits a few hours before he is scheduled to work, but he feels better in
Mila [183]
It’s B or D i would think but I can’t be for positive.. sorry if it’s wrong
3 0
3 years ago
Read 2 more answers
At the Penalty APR rate of 28.99% and a balance of about $1800, approximately how much interest would you owe in one month?
Gnom [1K]

Answer:

you owe $43.47 in one month

Explanation:

Daily Interest (for one month) = Balance × APR rate × [number of month / Total month in a year]

Daily Interest = $1800 × 28.99% × 1/12

                      = $1800 × 0.2899 × 0.0833

                      = $43.47

5 0
3 years ago
Other questions:
  • What is a realistic goal?
    7·1 answer
  • In 1904 the us supreme Court for the first time enforced the sherman antitrust act against a company accused of having formed a
    9·1 answer
  • Select which is NOT a component of a standard housing lease. APurchasing homeowner's insurance. BWhat repairs are the renter's r
    14·1 answer
  • Ames Quartet Inc. factors receivables with a carrying amount of $200,000 to Joffrey Company for $160,000 on a with recourse basi
    7·1 answer
  • 1960 the per capita GDP of Hong Kong was substantially less than that of Argentina and Venezuela. By 2005, the per capita income
    8·1 answer
  • Planters Bank pays 5 percent simple interest on its savings account balances, whereas Centura Bank pays 5 percent compounded ann
    8·1 answer
  • The lower the real exchange rate is (defined as the foreign price of domestic currency), the ______ expensive domestic goods are
    8·1 answer
  • On February 28, 2009, $5,000,000 of 6%, 10-year bonds payable, dated December 31, 2008, are issued. Interest on the bonds is pay
    10·1 answer
  • Which of the following is not an example of a financial transaction
    13·1 answer
  • A finance question that I need help with.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!