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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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There is a _______ relationship between real GDP and tax revenues, which partially explains deficit spending during a recession.

chubhunter [2.5K]

Answer: positive

Explanation:

The real gross domestic product refers to the value of the output in an economy which has been adjusted for price changes.

There's a positive relationship between the real GDP and tax revenues. This can be used to explain deficit spending during a recession. When there's recession, there'll be a reduction in the output and consumption in the economy. At this point, there'll be a reduction in GDP.

3 0

2 years ago

Which type of rice will remain firm and separate when cooked properly?

Soloha48 [4]

Long-Grained rice. Hope this helps:)

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3 years ago

The following account appears in the ledger prior to recognizing the jobs completed in January: Work in ProcessBalance, January

exis [7]

Answer:

Year-end WIP 62,200

jounral entry for completed jobs:

-------------------------------------

Finished Good Inventory 1,149,800 DEBIT

WIP inventory 1,149,800 CREDIT

-------------------------------------

Explanation:

Beginning $ 72,000

Materials $ 390,000

Labor $ 500,000

Overhead <u>$ 250,000</u>

Total WIP $ 1,212,000

<u />

<u>Finished Jobs:</u>

Job 210 $ 200,000

Job 224 $ 225,000

Job 216 $ 288,000

Job 230 <u>$ 436,800</u>

Total $ 1,149,800

the jobs complete will move to finished good and credit WIP inventory

WIP year-end:

1,212,000 - 1,149,800 = 62,200

7 0

3 years ago

Which of the following is true of good salespeople?

iogann1982 [59]

Answer:

Correct answer is A, They know how to oversell their product so the customer can't say no. Explanation: Good salespeople are those who sell more and more of their company's product.

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3 years ago

deluge writing is preparing to launch a new product. the cfo has been asked to present a financing plan to the board. what would

aliina [53]

As the CFO has been asked to present a financing plan to the board, his best approach to keep the company from being heavily leveraged from product launch will be to maintain a moderate debt level.

<h3>What do we mean by Financial leverage?</h3>

Basically, a leverage means the use of debt (borrowed capital) in order to undertake an investment or project. The result of the process is to multiply the potential returns from a project but it will also multiply the potential downside risk in case the investment does not pan out.

Going forward, when we refers to a company as "highly leveraged," this means that item has more debt than equity. In conclusion, most investors use leverage to significantly increase the returns that can be provided on an investment.