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3 years ago

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

Business

1 answer:

lara31 [8.8K]3 years ago

5 0

The statement is false. When goods are sold, their cost are transferred from finished goods to sold items.

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A monopolist maximizes profits by:

klemol [59]

Answer:

c) by setting MR(q)=MC(q) at a q for which p(q) is at least AVC(q)

Explanation:

Profit is maximised at MR= MC and price is greater than MC for monopoly.

6 0

3 years ago

Boyd Docker recorded the following transactions during the month of April. Apr. 3 Cash 3,400 Service Revenue 3,400 16 Rent Expen

Nutka1998 [239]

Answer:

$6,450

Explanation:

The general ledger of a cash account is presented below:

Cash Account

Date Particulars Amount Date Particulars Amount

April 1 Beginning April 16 Rent expense $460

Balance $3,850

April 3 Service April 20 Salaries and

Revenue $3,400 Wages expense $340

April 30 Ending balance $6,450

The ending balance would be

= Beginning balance + service revenue - rent expense - salaries and wages expense

= $3,850 + $3,400 - $460 - $340

= $6,450

6 0

3 years ago

Which of the following is an example of economic globalization?

andreev551 [17]

D) a Japanese stores selling tea and spices from South Asia

4 0

3 years ago

1. Sheetz Company is purchased by Pulsar Corporation, at an acquisition cost that is $25,000,000 greater than the fair value of

emmasim [6.3K]

Answer:

a. Dr goodwill; credit building for $8,000,000

Explanation:

Goodwill refers to excess of purchase consideration over net assets value of an entity in case of acquisition.

Goodwill is an intangible asset which is recorded as follows on the date of acquisition.

Journal entry for Goodwill is;

Goodwill A/C Dr

Net Assets Acquired Dr.

To Purchase Consideration

(Being goodwill recorded)

In the given case, building was acquired for $15,000,000 against it's fair value which was only $7,000,000. The excess price paid for such acquisition represents goodwill which shall be recorded as;

Goodwill A/C ($15,000,000- $7,000,000) Dr. $8,000,000

To Building $8,000,000

(Being goodwill recorded)

5 0

3 years ago

Structural unemployment is caused by: Group of answer choices people losing a job when their skills become obsolete due to techn

Tanzania [10]

Structural unemployment is caused by <u>people losing a job when their skills become obsolete due to technological innovations.</u>

People who wish to work but are unable to obtain job are said to be experiencing structural unemployment. The abilities of the workers and the talents that businesses required do not match in structural unemployment.
Because the abilities of the workforce won't change despite advances in technology, if technological breakthroughs improve, there will be structural unemployment.
As a result of their inability to keep up with modern technology, they are losing their jobs.

<h2>What is Structural unemployment?</h2>

A mismatch between the skills of the jobless and the jobs that are available is referred to as structural unemployment. It differs from cyclical unemployment in that it results from factors other than the business cycle. 1 It happens when an underlying economic shift makes it challenging for some people to find work. It is more difficult to reverse than other forms of unemployment.

Learn more about types of structural unemployment at brainly.com/question/17272067?referrer=searchResults

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3 0

2 years ago