Answer: The correct answer is D.
Explanation: We must record the passage of direct materials to the goods in process account and record the passage of indirect materials as factory overheads, therefore we debit "Goods in process" for 60000, and "factory overhead" for 17000 And we cancel the inventory account of these materials by crediting "raw materials".
<u>The registration would be:</u>
Goods in process 60000
Factory overhead 17000
Raw Materials 77000
Answer:
Assuming Blain uses the aging method to estimate uncollectible accounts expense, the amount of uncollectible expense will be:
$1050
Explanation:
Aging
Current 10000 2% 200
1-30 5000 5% 250
31-60 3000 10% 300
Over 60 800 50% 400
1150
Allowance bad debts 100
Expense 1050
Answer:
The correct answer is: Dichotomous
Explanation:
A dichotomy is the division into two parts of a thing, or failing that, it is a set or system that is subject to bipartition, and that generally oppose each other.
In traditional logic, dichotomy is the breakdown or fractionation of a generic concept into one of its specific concepts and its denial. The concept also refers to the law that states that no proposition can be true and false at the same time.
Her daily periodic interest rate is 0.05%, her monthly periodic interest rate is 1.58%, and her semiannually periodic interest rate is 9.5%.
APR stands for the annual percentage rate of an interest rate of a person. The periodic interest rate is the portion of an annual percentage rate based on a specified period such as daily, monthly, and semi-annually. The Periodic interest rate is calculated by dividing the APR by the specified period such as 365 for the daily period, 12 for the monthly period, and 2 for the semi-annual period<span>.</span>
Answer:
Option (d) is correct.
Explanation:
Setting the high price for the products is not considered as the barrier to the other firms in the market.
In a market condition of monopoly, there is only a single firm in the whole market. Economics of scale, Government authorization, patents and trademark are considered as the barriers to the entry of the other firms.
And if other firms enters with a lower price of the products then they can obtained the significantly large share of the market.