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Sati [7]
2 years ago
8

job cost journal entries prior to the beginning of 2016, lowe company estimated that it would incur $264,000 of manufacturing ov

erhead cost during 2016, using 24,000 direct labor hours to produce the desired volume of goods. on january 1,2016, beginning balances of materials inventory, work in process inventory, and finished goods inventory were $42,000, $-0-, and $64,500, respectively. required prepare general journal entries to record the following for 2016. a. purchased materials on account, $58,500.
Business
1 answer:
saw5 [17]2 years ago
4 0

Answer:

raw materials inventory    58,500 debit

                      accoutns payable       58,500 credit

Explanation:

Required prepare general journal entries to record the following for 2016. a. purchased materials on account, $58,500.

The raw materials inventory will increase for 58,500 which is the amount purchased. As the materials are an asset, we will debited.

We will also use an account to represent the debt we have with our providor.

We have an "account to pay" --> account payable

As this is a debt, we have a liability. Thus we credit to increase it-

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Increase in capital gains yield
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3 years ago
According to your text, the practices that do most to promote employee engagement are opportunities for career progress, recogni
Amiraneli [1.4K]

Answer: Brand alignment

Explanation:

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According to the given text, the practices are basically promoting the different types of opportunities for the purpose of career progress and also the brand alignment.

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7 0
3 years ago
Unified Modeling Language (UML) Class diagrams describe the logical structure of a database system. True or False True False
Mashcka [7]

Answer:

True

Explanation:

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8 0
2 years ago
If you place a part of your summer earnings in a savings account, you are using money primarily as a
Flauer [41]

You are using money primarily as a : Store of value

Money as a store of value is something that maintains its worth both in the present and in the future, with money being one such commodity in modern.

When money is a store of value, it means that it is capable of being held such that it can increase our wealth and net worth. This is why it can be saved and used as a means of capital.

Other characteristics of money includes :

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Hence, you are using money primarily as a store of value if you place a part of your summer earnings in a savings account.

Learn more about functions of money here : brainly.com/question/25959268

6 0
2 years ago
Marginal cost is equal to the options:
Nadusha1986 [10]

Answer:

B) change in average total costs divided by the change in output.

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The calculate marginal cost, divide the total change in costs by the change in the product output. i.e.

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Marginal cost is compared with marginal revenue when deciding whether to increase production or not.

7 0
3 years ago
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