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Ymorist [56]
3 years ago
11

Inventories refer to goods that have been produced and sold in the same year. goods which have been presold before they are prod

uced. goods that have been planned but not yet produced. goods that have been produced but not yet sold.
Business
1 answer:
Nezavi [6.7K]3 years ago
6 0

Answer:

Inventories refer to goods that have been produced but not yet sold.

Explanation:

Inventories or Stock refer to goods that have been produced but not yet sold. It also means goods that have been purchased by the company with the intention of selling them for profit. Once goods are sold, they are erased from the inventory records and transferred to the sales accounts, and only 'goods available for sale' will primarily classify as inventory.

Furthermore, there is also 'raw material inventory' which is the goods that have been bought to be used in production.

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Nowadays, many of the huge factories and industries ___________to function if there was no adequate electric power. A. Were unab
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Option B. Nowadays, many of the huge factories and industries <u>Would be unable</u> to function if there was no adequate electric power.

<h3>What is electric power?</h3>

The rate of electrical energy transmission over an electric circuit per unit of time is measured as electric power in physics. P stands for power, which is denoted and measured using the SI unit of power, the watt, or one joule per second. Electric batteries and electric generators are frequently used to produce and supply electricity.

The speed at which energy is converted into an electrical circuit or used to produce work is known as electric power. It is a way to quantify how much energy is consumed over a certain period of time.

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1 year ago
In the late 1960s and the early 1970s, the ___________ and the __________ attempted to resolve the dispute by agreeing to severa
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Answer:

In the late 1960s and the early 1970s, the _texas bar association_ and the _texas association of realtors_ attempted to resolve the dispute by agreeing to several earnest money contracts that would be acceptable for real estate practitioners to use in their daily business.

Explanation:

(Texas Bar) is a judicial body which is under the Supreme Court's administrative control. They shall assist the Texas Supreme Court with the supervision of all lawyers in Texas. It is America's fifth largest lawyer group.

The association of realtors is an organised group that protects the rights of realtors and also lays down some ground rules for all realtors to abide.

7 0
3 years ago
Shanna Engel started up a new nonprofit organization in 2013 named Concern for Animal Shelter and Habitats (CASH). The organizat
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Answer:

Net Assets = Total Liabilities - Total Assets

Transaction # 1

Cash comes under Permanantly Restricted Net Assets

Hence -

Net Assets = $50,000 - $50,000 = $0

Transaction # 2

As there was no transaction took place hence nothing to be reported.

Transaction # 3

Inventory comes under supply & its temporarily restricted net assets

Hence

Net Assets = $1750 - $1750 = $0

Transaction # 4

Advertising comes under Permanently Restricted Net Assets

Hence

Net Assets = $0 - (-$5000) = $0 + $5000 = $5000

Transaction # 5

Office Equipments comes under Temporarily Restricted Net Assets

Hence

Net Assets = Total Liabilites - Total Assets

= $ 5000 - [ - $5000 + $10000 ]

= $ 5000 - $5000 = $0

Hence ending balance is

Unrestricted Net Asstes = $0

Temporarily Restricted Net Asstes = $0

Permanently Restrcited Net Asstes = $5000

Explanation:

See attached file for table

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