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
Burka [1]
4 years ago
7

When the goods are sold, their costs are transferred from work in process to finished goods.

Business
1 answer:
lara31 [8.8K]4 years ago
5 0
The statement is false. When goods are sold, their cost are transferred from finished goods to sold items.
You might be interested in
Which of the following statements is true of NAFTA? It overrode the local content requirements and rules of origin for products
VLD [36.1K]

Answer:

B. It eliminated all tariffs and non-tariff trade barriers from within North America.

Explanation:

The North American Free Trade Agreement was a pact formed between America, Canada, and Mexico to encourage trade between these three countries. This pact encouraged trade within these three nations by eliminating tariff barriers that would otherwise have limited trade between the countries.

NAFTA became active on January 1, 1994. NAFTA today has  been replaced  by another agreement known as the United States- Mexico Trade Agreement. This was made possible by President Donald Trump who believed that NAFTA was not really fair on America.

4 0
3 years ago
Jill took ​$80 comma 000 that she had in savings and started her own business. If left in investments she would have earned ​$8
nekit [7.7K]

Answer:

$190,000 ; $228,000

Explanation:

Accounting Cost:

= Salary of Jill + Labor costs +  Insurance and mortgage payment

= $60,000 + $90,000 + $40,000

= $190,000

Economic Cost:

= Accounting Cost + Investment return lost + Loss in Salary  + Loss in Rent

= $190,000  + $8,000 + ($80,000 - $60,000) + ($50,000 - $40,000)  

= $228,000

Therefore, accounting and economic costs​ are $190,000  and $228,000, respectively.

4 0
4 years ago
David Desgro hired Paul Pack to inspect a house that Desgro wanted to buy. Pack had Desgro sign a standard-form contract that in
harkovskaia [24]

Answer:

Desgro’s complaint was filed too late. With this being stated, the suit would be dismissed because the contract explicitly states that complaints have to be within the 12 month timespan.

Explanation:

Desgro’s complaint was filed too late. With this being stated, the suit would be dismissed because the contract explicitly states that complaints have to be within the 12 month timespan due to the fact that Desgro discovered issues with the plumbing, insulation, heat pump, and floor support after buying the house in which he decided to filled a suit in a Tennessee state court against Pack after Thirteen months which was after the inspection and after signing the standard-form contract that included a twelve-month limit for claims based on the agreement which is why the suit would be dismissed because the contract explicitly states that complaints have to be within the 12 month timespan which Desgro failed to comply with.

8 0
4 years ago
A special assessment tax is a tax levied against specific properties that will benefit from a public improvement. It is only lev
Scrat [10]

Answer:

It would take the form of a tax on houses in a small neighborhood, to pay for the new street lamps in that area.

Explanation:

Special taxes are taxes that have a specific application since they affect only a certain group of goods and services that, given their characteristics or effects, are chosen by the government or the tax authority to be subject to a particular tax.

Special taxes are indirect taxes that are applied to the consumption of certain goods or services (such as alcohol or hydrocarbons). They are linear in relation to disposable income.

7 0
3 years ago
The Parks and Recreation Department of Burkett County estimates the initial cost of a river park to be $2,200,000, annual upkeep
asambeis [7]

Answer:

B/E ratio 1.2356

Explanation:

B/E = \frac{PV \: cash-flow}{initial \: cost\: + operating \: cost \: PV}

300,000 - 43,000 = 257,000

257,000/0.04 = 6,425,000

initial cost 2,200,000

unkeep cost 120,000/0.04 = 3,000,000

6,425,000/(2,200,000+3,000,000) = 1.235576923

Note we are given a discount rate, which means the upkeep, benefits and disbenefits are perpetual.

4 0
3 years ago
Other questions:
  • Equity refers to.
    15·1 answer
  • Interviews in which the interviewer adapts his or her line of questioning based on the answers you give and any questions you as
    10·1 answer
  • Hildreth Company uses a job order cost system. The following data summarize the operations related to production for April, the
    12·1 answer
  • On January 1, 2014, Ball Co. exchanged equipment for a $500,000 zero-interest-bearing note due on January 1, 2017. The prevailin
    5·1 answer
  • You have discovered that when the required rate of return on a bond you own fell by 0.5 percent from 8.2 percent to 7.7 percent,
    5·1 answer
  • How many years would it take for an investment of $280,000 to accumulate to at least $425,000 at 15% per year interest?
    5·1 answer
  • Larcker Manufacturing's cost accountant has provided you with the following information for January operations: Direct materials
    12·1 answer
  • Initially, in a borrowing and lending market, or a loanable funds market, there is an equilibrium. Suppose entrepreneurs' aggreg
    12·1 answer
  • "The Boyle Company estimated that April sales would be 10,000 units with an average selling price of $2.00. Actual sales for Apr
    9·1 answer
  • Differentiate between Cloud computing<br> and Grid computing.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!