Which two skills and abilities are essential for a ship captain?

On May 7, Keenan Company purchased on account 620 units of raw materials at $21 per unit. During May, raw materials were requisi

a_sh-v [17]

Answer:

Dr Material Inventory $13,020

Cr Trade Payables $13,020

Dr Work In Progress $9,742

Cr Material Inventory $9,742

Explanation:

On 7th May the double entry would be to record the inventory purchases on credit which would increase the inventory by $13,020 (620*21) as under:

Dr Material Inventory $13,020

Cr Trade Payables $13,020

The material sent to production or manufacturing team would be recorded as increase in the work in progress by the value of the material issued which is $9,742 (211*$19 + 273*$21).

Dr Work In Progress $9,742

Cr Material Inventory $9,742

8 0

3 years ago

If the population growth rate is 2 percent, real GDP per person will double in 7 years if real GDP grows by ______ percent per

Valentin [98]

Answer:

With a population growth of 2%, the GDP has to grow 12.6% per year in order to real GDP per person double in 7 years.

Explanation:

It is necessary to state the formula to calculate the GDP growth per person in 7 years and some assumptions. Defining as base of population and GDP the number 100 (aleatory picked) we can write our equation: GDP per person in year 7 = 100(1+x)^7/100(1+0.02)^7=2 In this equation X is the fixed percentage of GDP growth. By iteration process, we get that X=12.6%

6 0

3 years ago

What do you understand by the term social structure? Explain social roles in the context of social structure and quote real life

Alex73 [517]

Answer:

Social structure is the arrangement in the society where people live and interact together in the society.

Explanation:

Social structure in humanism is considered to be the specific and stable plan of the organizations where the people in general public collaborates and lives respectively. The social structure is often treated together with the very idea of the social change that tries to manage the powers of the people which changes the social structure as well as the association of the society.

Social structure helps the individuals to sort out their current circumstances and it limits which characterize the insiders and the outcasts. Social structure restricts certain alternatives and spots us in the discretionary classes that is not based on the personal preferences.

Karl Marx once stated how the monetary creation is coordinated by central main part of the general public.

7 0

3 years ago

When reconciling a bank account, which one of the following is considered a timing difference (difference between the bank balan

DanielleElmas [232]

Answer:

Outstanding checks

Explanation:

One of the reasons why a cash book and a bank statement might not show identical entries arise from outstanding checks.

Outstanding checks are payments that have not yet been cleared and debited to the account at the bank.

8 0

2 years ago

_____________________ can lead to a situation where, even if sellers are faced with a situation of _______________, they will de

Karo-lina-s [1.5K]

Answer: Answers are: Imperfect information; excess supply; higher quantity.

Explanation: Imperfect information can lead to a situation where, even if sellers are faced with a situation of excess supply, they will decide not to cut prices for awhile because they know that buyers in this situation will not react by purchasing a higher quantity.

5 0

2 years ago

Which two skills and abilities are essential for a ship captain?​

Which two skills and abilities are essential for a ship captain?