Developed nations have lower labour costs than Asian businesses. true or false

What is the statement below an example of?

Ber [7]

"I am looking for a management position in a non-profit organization where I can apply my administrative and problem-solving skills to help protect the environment and endangered animal species." C. Letter of interest

A letter of interest is also known as a letter of intent or a cover letter. This type of letting outlines what type of job you are looking for and the experience you have that correlates. A letter of interest is a more relaxed way to express your interest and skills compared with a resume. Most employees require both a cover letter and a resume when applying for a position.

6 0

3 years ago

Read 2 more answers

Journalize the entries for the following transactions

Zanzabum

Answer and Explanation:

The journal entry is shown below:

a. Cash $116,300

To Sales $116,300

(Being the merchandise is sold for cash is recorded)

Cost of Merchandise Sold $72,000

To Merchandise Inventory $72,000

(Being the cost of the merchandise is recorded)

b. Accounts Receivable $755,000

To Sales $755,000

(Being the merchandise is sold on account is recorded)

Cost of Merchandise Sold $400,000

To Merchandise Inventory $400,000

(being the cost of the merchandise is recorded)

c. Cash $1,950,000

To Sales $1,950,000

(Being the merchandise is sold for cash is recorded)

Cost of Merchandise Sold $1,250,000

To Merchandise Inventory $1,250,000

(Being the cost of the merchandise is recorded)

d. Cash $330,000

Sales $330,000

(Being the merchandise is sold for cash is recorded)

Cost of Merchandise Sold $230,000

To Merchandise Inventory $230,000

(Being the cost of the merchandise is recorded)

e. Credit Card Expense $81,500

To Cash $81,500

(Being cash paid is recorded)

4 0

2 years ago

Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for

Fittoniya [83]

Answer:

$174,781.20

Explanation:

I will do the calculations in 3 stages. You won`t go wrong if you follow these.

Equivalent Units
Total Unit Cost
Total Cost to be transferred to next department

Calculation of Equivalent Units of Production with respect to Raw Materials and Conversion Costs

1. Raw Materials

Ending Work In Process Inventory (2,300 × 70 %) = 1,610

Completed and Transferred to Finished Goods (6,600 × 100%) = 6,600

Equivalent Units of Production with respect to Raw Materials = 8,210

2. Conversion Costs

Ending Work In Process Inventory (2,300 × 55 %) = 1,265

Completed and Transferred to Finished Goods (6,600 × 100%) = 6,600

Equivalent Units of Production with respect to Conversion Costs = 7,865

Calculation of Total Unit Cost of Production with respect to Raw Materials and Conversion Costs.

Unit Cost = Total Cost (Beginning + Current) ÷ Total Equivalent Units

1. Materials

Unit Cost = ( $ 7,900 + $ 111,000) ÷ 8,210

= $14.482 (3 decimal places)

2. Conversion Cost

Unit Cost = ( $ 3,200 + $ 84,100) ÷ 7,865

= $12.00 (3 decimal places)

3. Total Unit Cost

Total Unit Cost = Materials + Conversion Costs

= $14.482 + $12.00

= $ 26.482

Calculation of total cost of units completed and transferred from the first processing department to the next processing department

Total Cost = Units Completed and Transferred × Total Unit Cost

= 6,600 × $ 26.482

= $174,781.20

8 0

3 years ago

A firm recently replaced an existing piece of machinery with a different model that produces a higher-quality finished product w

MissTica

Answer:

capitalize the new cost as an asset to be amortized over future periods expected to benefit

Explanation:

A capitalized cost is a cost which is added to the cost basis of a fixed asset on a company's balance sheet. This Capitalized costs are sustained from the purchase or construction of fixed assets. Example of such costs are costs of materials, sales taxes, labor, transportation, and interest incurred to finance the construction of the asset.

This is usually done for items that would be used over a long period of time, therefore the item is capitalized and amortized or depreciated over its future periods.

7 0

3 years ago

Read 2 more answers

Deitz Corporation is projecting a cash balance of $30,600 in its December 31, 2019, balance sheet. Deitz’s schedule of expected

BabaBlast [244]

Answer:

Cash Budget for the First Quarter.

Total Receipts :

Collections From Customers $188,700

Sale of Equipment $3,060

$191,760

Total Payments :

Direct materials $43,860

Direct labor $71,400

Manufacturing overhead $35,700

Selling and administrative expenses $45,900

Purchase of securities $14,280

$210,840

Net Receipts / (Payments) ($19,080)

Opening Balance $30,600

Closing Balance $11,520

Required Balance $25,500

Loan (Shortfall) $14,250

Explanation:

A cash budget shows a future estimate of future cash incomes and cash expenditures.

4 0

3 years ago