Answer:
B. Work-in-Process Inventory-Dept. 2 750 Work-in-Process Inventary Debit. 1 750
Explanation:
The journal entry to record this transaction is shown below:
Work-in-Process Inventory A/c - Department 2 $750
To Work-in-Process Inventory A/c - Department 1 $750
(Being the completed units are transferred)
For recording this transaction we debited the work in process department 2 and credited the work in process department 1
Answer:
B. common area elements
Explanation:
Common Area elements are those spaces in real estate that are meant for general use. They are not owned exclusively by one person but are rather shared by the people who live within the area. The people pay some maintenance fee to keep the common area elements in good conditions.
In condominiums, the elevators, parking garage, and swimming pools are collectively shared by residents, and they all pay for the maintenance of these properties. Therefore, they can be said to be Common Area elements. Common Area elements can be found in residential, business and Government-owned properties.
Entrepreneurs do not use distributors to purchase resources and invest in the production of goods so this statement is FALSE.
<h3>How do Entrepreneurs purchase resources?</h3>
Entrepreneurs are able to invest in the production of the goods and services they provide by using their own funds and liability.
They do not use distributors but rather foot the bills as well as getting loans to be able to engage in the purchase of resources.
Find out more on Entrepreneurship at brainly.com/question/13628349
#SPJ1
Answer:
A) Determine the transaction price that Concrete Always should compute for this agreement.
total transaction price = contract price ($174,000) + expected value of the bonus
expected value of the bonus:
- $43,200 x 50% = $21,600
- ($43,200 - $10,800) x 25% = $8,100
- ($43,200 - $10,800 - $10,800) x 25% = $5,400
- total = $35,100
total transaction price = $174,000 + $35,100 = $209,100
B) Assume that Jeff Heun has reviewed his work schedule and decided that it makes sense to complete this project on time. Assuming that he now believes that the probability for completing the project on time is 90% and otherwise it will be finished 1 week late, determine the transaction price.
total transaction price = contract price ($174,000) + expected value of the bonus
expected value of the bonus:
- $43,200 x 90% = $38,880
- ($43,200 - $10,800) x 10% = $3,240
- total = $42,120
total transaction price = $174,000 + $42,120 = $216,120
