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VLD [36.1K]
3 years ago
9

John's job provided the main income for his family. He died unexpectedly and had no life insurance. The probable financial conse

quence for his wife and two children does not include:
Business
1 answer:
Leto [7]3 years ago
8 0

Answer:

An increase in income and expenses

Explanation:

When the main provider of a family dies and he/she doesn't have any type of life insurance, then the whole family's economy will suffer. Their total income will probably plummet. Besides losing John's income, his family must all the  expenses related to his death, e.g. burial. As a terrible consequence, John's family will see their standard of living decrease.

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Answer:

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Explanation:

The journal entry is shown below:

Finished goods inventory A/c Dr $3,202

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The computation is shown below:

= Direct material cost + Direct labor cost + manufacturing overhead cost

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