What is an example of a temporary account

Swifty Corporation reported the following year-end information: Beginning work in process inventory $1080000 Beginning raw mater

ale4655 [162]

Answer:

$27,000,000

Explanation:

Cost of Goods Manufactured = Direct Material Used + Direct Labor + Manufacturing Overhead + Opening Work In Progress - Closing Work In Progress

When Direct Material Used = Beginning raw materials inventory + Raw materials purchased + Ending raw materials inventory

Direct Material Used = 300,000 + 1,060,000 - 480,000 = 880,000

Direct Material Used = $880,000

Hence, Cost of Goods Manufactured = 880,000 + 820,000 + 820,000 + 1,080,000 - 900,000

Cost of Goods Manufactured= $27,000,000

Swifty Corporation's cost of goods manufactured for the year is $27,000,000

8 0

3 years ago

Lee saves most of his money from his paycheck; he forgoes restaurant meals, new clothes, and a new car, and he lives in a small

jekas [21]

Answer: Option A

Explanation: In simple words, intertemporal decision making refers to the study of how the decision made by an individual today affects the choices that he or she have in the future. It is based on the assumption that less consumption today will bring significant increase in consumption tomorrow.

In the given case, despite of having enough income to lead a healthy lifestyle in present,Lee decided to save his money in the future. This will lead to choices fro him that will give him higher utility.

Hence from the above we can conclude that the correct option is A.

8 0

3 years ago

As a store manager, Leah has to play the role of negotiator, such as purchasing products at a fair price for her company. As she

crimeas [40]

Answer:

negotiator

Explanation:

According to my research on different management roles and responsibilities, I can say that based on the information provided within the question Leah is playing the negotiator role. This is the act of bargaining in order to obtain the best possible outcome in a certain scenario. Like what Leah is doing in order to get the best price for certain products.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

6 0

3 years ago

Read 2 more answers

Harold works as a new business manager for a manufacturer of marine lubricants. He often talks to several different people befor

brilliants [131]

Answer:

Decider.

Explanation:

Harold being a new business manager for a manufacturer of marine lubricants. Most times, he has to talk to several different people before he's able to find someone who can give him a purchase order or a refusal.

Hence, in terms of the buying center, he has the most trouble identifying the decider for his services.

In Business management, the buying center comprises of a group of people or department within a specific organization that make business purchase decisions. These group of people are found in different parts of the organization, such as accounting, finance, procurement, and senior management. The buying center is made up of five (5) key groups, these are the buyers, gatekeepers, users, influencers, and deciders.

The decider in a buying center are generally responsible for choosing the right products to be purchased and have the final say (decision) with regards to a purchase order or a refusal.

4 0

3 years ago

While asia represents an important source of u.s. imports, few export opportunities exist for u.s. firms to sell goods and servi

Stells [14]

The correct answer is false. It is because it is not true that there are only few exports that exist for U.S. firms to sell goods and their services to asian consumers as they are likely to expand their goods and services all throughout by which few exports doesn't seem to be true.

5 0

3 years ago

Read 2 more answers