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
jok3333 [9.3K]
3 years ago
8

Department 1 completed work on 500 units and transferred them to Department 2. The cost of the units wasâ $750. What is the jour

nal entry to record theâ transfer? Date Accounts and Explanation Debit Credit A. Work-in-Process Inventory-Dept. 1 750 Work-in-Process Inventary-Debit. 2 750 B. Work-in-Process Inventory-Dept. 2 750 Work-in-Process Inventary Debit. 1 750 C. Work-in-Process Inventary-Dept. 2 750 Cost of Goods Sold 750 D. Cost of Goods Sold 750 Work-in-Process Inventory-Dept. 1 750
Business
1 answer:
horsena [70]3 years ago
4 0

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

You might be interested in
The fixed asset turnover ratio is computed as __________ divided by __________.
Yuri [45]

The correct option is (a) sales; average book value of fixed assets.

The fixed asset turnover ratio is computed as sales divided by average book value of fixed assets.

The fixed asset turnover ratio demonstrates the effectiveness of a company's current fixed assets in driving sales. A greater ratio suggests that management is making better use of its fixed assets. No information can be gleaned from a high FAT ratio about a company's capacity to produce reliable earnings or cash flows.

The ratio of sales to the value of fixed assets is known as fixed-asset turnover. It shows how effectively the company is generating sales by utilizing its fixed assets.

A greater ratio is typically preferred since it suggests that the business is effective at producing sales or revenues from its asset base. A lower ratio suggests that a business is not utilizing its resources effectively and may be experiencing internal issues.

Learn more about fixed asset turnover ratio

brainly.com/question/24085720

#SPJ4

3 0
2 years ago
Seven months ago, you purchased 580 shares of Mitchum Trading for $70.53 per share. The stock pays a quarterly dividend of $.39
Marina CMI [18]

Based on the number of shares you bought and the dividend per share, the total dividend income you received was $452.40.

<h3>How much dividend income was received?</h3>

The stock was held for 7 months and there are 2 quarters in a space of seven months so two dividends were received.

The amount received is:

= Number of share x Number of quarters x dividend per quarter

= 580 x 2 x 0.39

= $452.40

Find out more on dividends at brainly.com/question/25845157.

#SPJ1

3 0
2 years ago
On January 1, 2019, Tonika Company issued a five-year, $10,000, 8% bond. The interest is payable annually each December 31. The
Alex777 [14]

Answer:

So book value at the end of December will be $9676

Explanation:

We have given amount of the bond = $10000

Rate of interest = 8 %

So interest paid Interest paid = 10000×0.08 = 800

Issue price = $9611

Effective interest rate = 9 %

Interest expense = 9611×0.09= 865

Discount amortization = 865-800 = 65

Book value at the end of December 31,2019 = 9611+65 = 9676

4 0
3 years ago
The NIMS guiding principle of ______________ facilitates interoperability among organizations in incident response. a. Flexibili
Sav [38]

Answer: (B) Standardization

Explanation:

The standardization is the principle of the NIMS (National incident management system) and it specifically helps in managing or operating the communication and the information system.

It also helps in facilities the interoperability in an organization for the specific incident response and also establishing the action on the basis of proper planning.

The main objective of the national incident management system is that it helps in guiding the various types of private and the government sectors to prevent  and also protect from the various types of incidents.    

 Therefore, Option (B) is correct answer.

8 0
3 years ago
Ted's company has recently reorganized. He has been reassigned into a new role for which he feels unprepared, and he is not sure
Paul [167]

Answer:

These are the options for the question:

  • Peer pressure
  • Personality conflict
  • Climate of mistrust
  • Fear of failure

And this is the correct answer:

  • Fear of failure

Explanation:

Ted is afraid of failing at his new role, he is suffering from fear of failure. This is because Ted was accustomed to completing a set of tasks specific to his previous position in the company.

Now that the company has reorganized, he has been given a new position, and new tasks to complete, and he does not feel at ease at first, likely because he lacks first-hand experience with some of the tasks.

4 0
3 years ago
Other questions:
  • which type of worker has a career that can be important in both maintenance/operation services and construction services
    13·2 answers
  • Is wearing glasses all the time bad?
    6·1 answer
  • Hawk-Dove (or Chicken) (t = tough, c = concede)
    14·1 answer
  • Wilkinson and Daughters has net income of $415,400, total assets of $2.2 million, and total liabilities of $1.08 million. The co
    10·1 answer
  • How did madrids tax reforms also aggravate discontent?
    15·1 answer
  • Budgeting competency requires the ability to:__________
    11·1 answer
  • Some countries have high minimum wages and require a lengthy and costly process to get permission to open a business Select one:
    12·1 answer
  • Coc.k dsfdfdsfdsfdsfs
    12·2 answers
  • Decruitment is the planned elimination of ________ in an organization. A) jobs
    12·1 answer
  • How does international employement helps in improving economic conditions of the country​
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!