Making sure that cosmetic packages list ingredients used is the role of the

Playwrights that have been quoted as serving as the initial director of their work are

Scorpion4ik [409]

Among the novelists, these are the those that served the initial director of their work: Samuel Beckett, Bertolt Brecht, David Mamet, George Bernard Shaw, Sam Shepard and the most famous novelist, William Shakespeare. After Shakespeare's time, playwrights are already considered as independent artists.

6 0

3 years ago

Employees and customers are treated like a family at State Street Coffee House. Jason and Jill, the owners, work to encourage un

quester [9]

Answer: Clan Culture

Explanation:

A clan culture is generally referred to or known as a tribe-like or family-like kind of organization environment that tend to emphasize on the consensus and also on the commonality of values and goals. Clan cultures are often viewed as a collaborative and also one of the least competitive corporate culture models which often exist in an organization.

7 0

4 years ago

Dixon Construction Company was awarded a contract to construct an interchange at the junction of U.S. 94 and Highway 30 at a tot

Ostrovityanka [42]

Answer:

The Journal entries are as follows:

(i) Construction in progress A/c Dr. $5,104,000

To cash A/c $5,104,000

(To record the construction costs)

(ii) Accounts receivables A/c Dr. $2,980,000

To billings A/c $2,980,000

(To record the progress billings)

(iii) Cost of goods sold A/c Dr. $5,104,000

Construction in progress A/c Dr. $1,740,000

To revenues A/c $6,844,000

(To record the revenues)

Workings:

Revenues :

= (Cost incurred to date ÷ Expected costs to complete) × Contract value

= ($5,104,000 ÷ $8,800,000) × $11,800,000

= 0.58 × $11,800,000

= $6,844,000

5 0

4 years ago

: IAS 2 Inventories allows producers of gold and silver to measure inventories of those commodities at selling price, even befor

Tresset [83]

Answer:

Not only does IAS 2 norm allow this, also US GAAP allows this. I believe that the reasoning behind that is the following:

Holding precious metals in inventory is actually considered an investment. Precious metals are commodities, and since they can be easily traded around the world, just having them increases a company's wealth. The revenue recognition principle (top of the inverted pyramid) applies here even to any individual that finds gold nuggets by accident in the country side (no need to be a mining business). The fact that you possess gold increases your personal assets and net wealth. The same applies to other precious metals. This happens because gold or other precious metals can be easily converted into cash (extremely liquid), e.g. this same individual can go to a local jewelry or or a pawn shop and sell the gold nuggets he found.

If finding a gold nugget increases an individual's net worth, then imagine what holding a ton of gold does to a company. What makes gold and silver so special is that they are accepted everywhere. Remember that until the early 1970s, the worlds' currencies were based on the price of gold (gold standard). Most central banks in the wold hold gold reserves and they also follow this same logic. Price of gold increases, the wealth of the nation increases.

6 0

3 years ago

High Country, Inc., produces and sells many recreational products. The company has just opened a new plant to produce a folding

ANTONII [103]

The difference in the ending inventory relates to a difference in the handling of fixed manufacturing overhead costs.

Under variable costing, these costs have been expensed in full as period costs.

Under absorption costing, these costs have been added to units of a product at the rate of $10 per unit ($100,000/10,000 units produced = $10 per unit).

Thus, under absorption costing a portion of the $100,000 fixed manufacturing overhead cost for the month has been added to the inventory account rather than expensed on the income statement:

Added to the ending inventory:

(2,000 units x $10 per unit) $ 20,000

Expensed as part of the cost of goods sold:

(8,000 units $10 per unit) $ 80,000

Total fixed manufacturing overhead cost for the month: $100,000

Because $20,000 of fixed manufacturing overhead cost has been deferred in inventory under absorption costing, the net operating income reported under that costing method is $20,000 higher than the net operating income under variable costing(refer to the first image)

And for question refer to the second image.

Hence, The difference in the ending inventory relates to a difference in the handling of fixed manufacturing overhead costs.

Learn more about absorption costing:

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4 0

2 years ago