Answer and Explanation:
The computation of the ending balance in the work in process inventory for each department is shown below:
For Cutting department
= Direct material + conversion + cost added for direct material + cost added for conversion - transferred in from cutting department
= $1,095 + $3,650 + $13,740 + $18,300 - $17,395
= $19,390
And, for binding department
= Transferred in from cutting department Direct material + conversion + cost added for direct material + cost added for conversion - transferred to finished goods
= $1,200 + $2,862 + $3,800 + $9,332 + $19,475 - $31,000
= $5,669
Answer:
Explanation:
As we know that time interest earned ratio = Income before interest and taxes / interest expense.
Sales = 546000
less: cost of goods sold = (<u>244410</u>)
Gross profit 301590
Less: <u>expenses</u>
Depreciation expense =( <u>61900 </u>)
Profit before interest and taxes 239690
Less: tax
(239690 * 23%) = (<u>55128</u>)
Profit 184562
Profit - Retained earning Addition = Interest
184562 - 74300 = 110262.
Interest earned ratio = 239690 / 110262 = 2.17 times
Answer:
"Commodity-like" is the appropriate response.
Explanation:
- A commodity seems to be a simple item that would be compatible with other commodities of almost a similar sort used in exchange.
- Commodities have been used another very commonly in the manufacture of other products or services as inputs. The consistency of the product in question may vary marginally, but it is generally standardized across suppliers.
Answer:
The correct answer is b. either a rise in output or a fall in the rate at which money changes hands.
Explanation:
The quantitative theory of money is an economic theory that aims to explain the causes of inflation, that is, the variations in prices and the value of money in a country.
To explain inflation, the quantitative theory of money relates the money supply to the general price level. The money supply is the amount of money that exists in the economy. It can be estimated since it is the central banks that control the liquidity of the economy.
Answer:
True
Explanation:
It is TRUE that the Federal Arbitration Act (FAA) allows for arbitration clauses in employment contracts.
The above statement is echoed in the Epic Systems Corp. v. Lewis on May 21, 2018, where the Supreme Court gave its ruling that the FAA is totally enforceable in the individual arbitration agreements contracts.
Similarly, in the case of American Express Co. v. Italian Colors Restaurant, the court ruled that necessary arbitration clauses are legal.
