Answer:
C) a debit to Merchandise Inventory and a credit to Accounts Payable
Explanation:
The journal entry to record the purchase of inventory on account by using the perpetual inventory system is shown below:
Merchandise Inventory A/c Dr XXXXX
To Accounts Payable A/c XXXXX
(Being merchandise is purchase on credit)
Simply we debited the merchandise inventory account and credited the account payable account so that the correct posting can be done.
TRUE
If the society wishes to reduce overall pollution by certain amount, it is efficient to have firms with highest profit bearing the largest burden of reducing pollution and firms with lowest profit bearing the least burden. This is because it will not lead to overall burden on the small firms. If large firms and small firms were to reduce the pollution burden on same rate then it will be very costly for the smaller firms to bear that and it will be a burden of cost on smaller firms.
<span>Take the required information from the question,
Beginning work in process inventory 61,500
Cost of direct materials requisitioned 91,300
Direct labor incurred 125,000
Cost of goods manufactured 287,000
Cost of goods sold 265,000
Manufacturing overhead rate 125%
Calculating the total labor that is incurred = 125000 x (125/100) = 125000 x 1.25 = 156,250
Process inventory balance at the end = add all the used inventory costs and subtracting the cost of manufactured costs
= $156,250 + 125,000 + 61,500 + 91,300 - 287,000 = $147,050</span>
The correct answer is : C. Manufacturing jobs in the U.S have declined significantly
A lot of companies choose to manufacture their products in a developed country like China, south America, or the South East Asia, since they have a cheaper source of material and they can get cheaper workers since their cost of living is lower than the U.S
Answer:
The correct answer is letter "C": the supply curve for apples has shifted to the left.
Explanation:
The supply curve plots in a graph the relationship between the price and quantity supplied of a good or service. According to the supply law, that relationship is directly proportional meaning if the price rises the quantity demanded increases -<em>the supply curve moves to the right</em>- but if the prices fall the quantity demanded drops -<em>the supply curve moves to the left</em>.
