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SCORPION-xisa [38]
4 years ago
14

The production engineers have prepared a report detailing the types and amounts of inventory required for production. This docum

ent is then checked against the raw materials record to determine how much material must be purchased for production. Which source document is being​ described? A. Job Cost Record B. Receiving Report C. Bill of Materials D. Raw Materials Record
Business
1 answer:
IceJOKER [234]4 years ago
5 0

Answer:

C. Bill of Materials

Explanation:

The engineers make the list and then it is checked against the raw materials record to know how much existences are for each of the raw materials requested.

This is done to create some control, as the person that make the bill aren't the person who check the inventory therefore, they cannot overstate or understate the materials as they will be checked for the amount used.

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True or False. Expense for a quality-assurance warranty is recorded along with the related liability in the reporting period in
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Answer:

True

Explanation:

Whenever a company sells products that may generate warranty expenses, it must estimate the warranty expenses associated with the products sold.

It must credit a warrant liability account, and as the warrant claims are made, the company must debit a warranty expense account.

5 0
4 years ago
You buy a new piece of equipment for $7,360, and you receive a cash inflow of $1,000 per year for 10 years. what is the internal
-Dominant- [34]
The internal rate of return is

6%
3 0
3 years ago
"For whom is a given mix of goods and services to be produced? How, in other words, are the society's outputs to be distributed
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A. Money market through borrowing and saving by households and businessesB. Public sector through the mechanism of central planningC. Business sector through the mechanism of advertisingD.Private sector through the earning and spending of income

Private sector through the earning and spending of income

Answer: Option D.

<u>Explanation:</u>

A market economy is a monetary framework wherein the choices in regards to venture, creation and dissemination are guided by the value signals made by the powers of organic market.

The meaning of a market economy is one in which cost and creation is constrained by purchasers and dealers uninhibitedly leading business. A case of a market economy is the United States economy where the speculation and creation choices depend on organic market.

8 0
3 years ago
The functional distribution of income shows the distribution of income among​ ______ and the personal distribution of income sho
lutik1710 [3]
<span>The functional distribution of income shows the distribution of income among factors of production and the personal distribution of income shows the distribution of income amonghouseholds. The function distribution is attributed to the company performance, so it does look in to resources and the all levels of staff where as the personal distribution is associated with a single individual who is concerning towards his household.</span>
5 0
4 years ago
You purchased 100 shares of IBM common stock on margin at $70 per share. Assume the initial margin is 50% and the maintenance ma
Misha Larkins [42]

Answer:

$50

Step by Step Explanation:

100 shares × $70 = $7,000

$7,000 × 0.5 = $3,500 (loan amount)

0.30 = (100P −$3,500)/100P

0.30×100P= 30P

30P = 100P −$3,500

30P- 100P= -70P

−70P = −$3,500

-3500/-70P = $50P

P = $50

The stock price level someone would get a margin call Assuming the stock pays no dividend is $50

4 0
3 years ago
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