Answer:
sanp
Explanation:
because evry one of my frindis use it
Answer:
A debit to the Finished Goods Inventory account and a credit to the Work in Process account for the final department in the series of process
Explanation:
In the case when the process related to the production is finished so the completed goods and accumulated profits could be transferred
So, the following should be the journal entry
Finished goods inventory XXXXX
To Work in Process Inventory - Final dept XXXXX
(Being the production process is completed recorded)
Here the finished goods is debited as it increased the assets and credited the work in process as it decreased the assets
Answer:
You need to deduct $450 from the company's cash balance. Since the check was received from a client, it covered an accounts receivable, so the adjusting entry should be as follows:
XX/YY, adjusting entry to reconcile checking account:
Dr Accounts receivable 450
Cr Cash 450
Accounts receivable and cash both have debit balances, and since you want to increase accounts receivable you must debit it, while you must credit cash in order to decrease it.
Answer:
(D) an inferior good.
Explanation:
The inferior good had a negative relationship between income and demand.
When the income is lower, the demand increases as people moves away from normal goods to inferior as they are cheaper. And it will decrease once the income level return to his previous level.
This causes even more troubles in recessions to normal company's as the demand decrease and also, it shift to other goods.
Answer:
136.11
Explanation:
Consumer price index = price of basket current year/ price of basket base year x 100
For 2015( 3units pork x $20 + 4 units corn x $12) = $108
For 2016( 3units pork x $25 + 4 units corn x $18) = $147
CPI = $147/$108 x 100
= 136.11
