The true statements are:
- Raw materials inventory represents the cost of materials not yet used in production.
- When materials are purchased they are recorded in the Raw materials inventory account.
<h3>What are Raw materials?</h3>
Raw Materials are unprocessed materials used in the production of certain finished products.
In business accounting;
- The raw materials inventory is recorded as the cost of materials that are yet to be used in production.
- The materials purchased are usually recorded in the raw materials inventory account.
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Answer :
Number board feet of lumber = 54,530
Explanation :
As per the data given in the question,
Number board feet of lumber to buy in June = Number of units to be produced + Ending inventory required - Opening inventory needed
= (2,000 cases × 28 board feet of lumber per case) + (1,850 cases × 35% × 28 board feet to lumber per case) - (2,000 cases × 35% × 28 board feet of lumber per case)
=56,000 board feet + 18,130 board feet - 19,600 board feet
= 54,530 board feet of lumber
We simply applied the above formula
Answer: Franchise
Explanation: Franchise is founded on commerce idea that can be followed by a company as a plan of action formulated to attain a long-term or overall objective for company growth and development. In this case, the company that holds a franchise for the sale of goods or undertaking of services makes a specific payment and accepts to fulfill specific responsibilities that are normally aimed at in a franchise treaty.
The steps that marketers should follow are identify cost of necessary communications, compare budget to that of competitors and establish set of communication objectives.
<h3>
What is communication?</h3>
The traditional definition of communication is the transfer of information. The phrase could be used to describe the transmission's message or the field of study that looks into it. There are several disagreements over the precise definition of it. This justification suggests that one definition of communication might be the process of mutual understanding being established between things or groups through the use of signs, symbols, and semiotic customs. It's important to distinguish between non-verbal communication, which can include things like gestures and facial expressions, and verbal communication, which happens through the use of words. Models of communication provide a detailed description of the numerous stages and parties involved in communication. Numerous academic fields focus on communication. Information theory examines how information is generally quantified, stored, and transmitted.
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