Answer:
A. Work-In-Process Inventory xxx Materials Inventory xxx
Explanation:
The journal entry to record the requisition of direct material is shown below:
Work in process inventory Dr XXXXX
To Material inventory XXXXX
(Being the requisition of the direct material is recorded)
While recording this entry we debited the work in process inventory and credited the material inventory so that the proper posting could be done
Answer:
Basel Convention
Explanation:
The overarching objective of the Basel Convention on the Control of Transboundary Movements of Hazardous Wastes and their Disposal, also known as the Basel Convention, is to protect human health and the environment against the adverse effects of hazardous wastes. This is China's main contribution towards social responsibility and environmental management that will surpass the United States contribution.
<em>Cross Profit :</em>
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<em>The profit a company makes after deducting all costs associated with creating and selling its products or services is known as gross profit. By subtracting the cost of goods sold (COGS) from total sales, you may compute gross profit.</em>
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<em>Gross Loss Carriage :</em>
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<em>the entire sum of a company's losses from various operations in a given period, even if some of these activities are profitable: The corporation announced a second-quarter gross loss of $17.15 billion today.</em>
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Answer:
3
Explanation:
Jordan brought $20 to the movie theater to spend on popcorn and candy bars. Popcorn costs $5 a bucket and a candy bar costs $3.
If he buys two buckets of popcorn, the amount spent on popcorn will be " buckets x $5 = $10
what would be the largest number of candy bars that he can purchase is Total amount less amount spent on popcorn, divided by the cost of candy bars.
That implies = (20 - 10) = $10 balance cash / $3 price per candy bar = 3 candy bars
Answer:
(B) Cost of goods purchased
Explanation:
While a merchandising company buys goods from its suppliers (goods purchased) and adds this to its opening inventory to determined the quantity of goods it has available for sale (goods available for sale), a manufacturing firm makes the goods to be sold (goods manufactured) and add to its opening inventory of finished goods to determine the same metric (quantity of goods available for sale).
This relationship can be seen when the trading account of both firms are compared.
