Answer:
The answer is C) the Work in Process account.
Explanation:
Manufacturing overhead is indirect costs incurred during the production and is added to Work in Process account in order to later fully and correctly account for Finished Good and Cost of Good Sold.
A) is incorrect because Cost of Good Sold account is derived from Finished Goods account.
B) is incorrect because only the direct cost incurred to Raw Material is added to Raw Material Account while Overhead is all the indirect cost ( depreciation, indirect material to name a few) that is not apply to Raw Material Account.
D) is incorrect because Finished Goods account is derived from Work in Process account.
Answer:
C. Current yield
Explanation:
Investors oftentimes invest in government bonds or private investing and are paid interest either on annual basis, semi annually or quarterly basis. A bond is a debt instrument which is given in form of loan by investors to borrowers and pays interest to them in return. Usually, when a bond is to be issued, an issuing entity will be responsible for that, while also determining the duration of the bond, the interest rate applicable and the face value. The aforementioned remains the same irrespective of the changes in bond market.
The current yield of a bond measures how profitable a bond is in comparison to other bonds. This means that for each year investment, investors are able to know which of the bonds that bring in the greatest return. The current yield of a bond is calculated by ; annual coupon payment divided by current market value of the bond.
Rs 253 must be debited to his account .
Rs ( 23+230)= 253
A $23 credit to sales was posted as a $230 credit.In this case, the transaction was recorded on the wrong side with wrong amount. Thus Rs 253 must be debited to his account .
Rs ( 23+230)= 253.
- Credit sales refer to a sale in which the amount owed will be paid at a later date. In other words, credit sales are purchases made by customers who do not render payment in full, in cash, at the time of purchase.
- It is common for credit sales to include credit terms. Credit terms are terms that indicate when payment is due for sales that are made on credit, possible discounts, and any applicable interest or late payment fees.
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The kind of startup that her store is considered to be is a new market idea. New market ideas are techniques or ideas that are employed or thought of as a way of strategizing and a way of improving one's business or store. In which Consuela engages to as she decided to have a new idea for a way of improving her store and for the sake of her customers.
