Answer:
work in process debit
raw materials inventory credit
--to record assignment of DM to work in process--
work in process debit
wages payable credit
--to record assignment of Labor to work in process--
work in process debit
manufacturing overhead credit
--to record assignment of MO to work in process--
Explanation:
We are n't given with numbers but we can determinate the account and were to post the value
a) Our materials stock decrease so we credited. We will debit WIP in order to balance the entry.
b) WIP as qualifies as assets (later it will become finished product that once sold will generate cash for the company) Thus, we need to debited. In the credit side there are two possible options:
if labor weren't paid then it will wages payable. If they were; we will credit cash to represent it.
c) for MO we credit for the allocate amount and debit WIP
At the end of the period, once we got the actual Manufacturing Overhead we will adjust
Answer:
The economy has an unemployment rate higher than the natural rate of unemployment.
Explanation:
Full Employment is when all workers able & willing to work, are employed.
Unemployment is when a person able & willing to do a work , doesn't get work.
However, there is certain 'natural' level of unemployment normalised during efficient running of economy. It involves frictional & structural unemployment. Frictional unemployment is temporary unemployment of people shifting their jobs and Structural unemployment is temporary unemployment due to industrial reorganisation (eg : technological change).
So, Economy being below Full Employment implies that economy has unemployment level above natural rate of unemployment.
Answer:
Option C: Buying a franchise
Explanation:
Franchise is simply defined as a business that sells or distribute a product or service that has beingdeveloped by a franchisor. It is usually in the way or manner that the franchisor listed.
The product, method of distribution, and, sales and management are governed or controlled by the franchisor of the business.
The process of purchasing that is buying of a Franchise is by looking into franchising company, contact, application, franchise contact and review, franchise agreement, negotiation terms, agreement signed and others.
The nation with the largest percentage of publicly held land is United state of America. These lands are usually set aside for different purposes such as parks, refuge camps, forests, historical places, etc.
Answer:
False because finance is totally different from management and financial accounting. Finance degree holder can not apply for every as the finance degree holder knows better about financial management not about management accounting or financial accouting. The major fields which a finance degree holder can apply for are accountancy firms, investment and high street banks, insurance firms, management consultancies, etc.
