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Ostrovityanka [42]
3 years ago
8

In 2017, Orear Manufacturing signed a contract with a supplier to purchase raw materials in 2018 for $700,000. Before the Decemb

er 31, 2017 balance sheet date, the market price for these materials dropped to $510,000. The journal entry to record this situation at December 31, 2017 will result in a credit that should be reporteda) as an appropriation of retained earnings.b) as a valuation account to Inventory on the balance sheet.c) on the income statement.d) as a current liability.
Business
1 answer:
Triss [41]3 years ago
5 0

Answer:

d) as a current liability.

Explanation:

As in the given instance, the value of transaction is also known, further since the contract s signed the company has liability to buy the goods and accordingly the company has to incur such payment.

Since there will be an purchase for which payment will be made in future.

Therefore, this will give rise to current liability, although value of goods has decreased but still, there is a liability of payment.

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Which sales channel incentivizes every member of its network?
bulgar [2K]

Answer:

Channel incentives are a behavioral modification tool that influence channel partners – such as dealers, contractors, resellers, and vendors – to align their behaviors with overarching business goals. These behaviors could include: Increasing overall sales volume. Increasing sales for high margin products

Explanation:

7 0
3 years ago
Read 2 more answers
tAn employee has a claim on the cash flows of Martin’s Machines. This claim is defined as a claim by one of the firm's:
kap26 [50]

Complete Question:

An employee has a claim on the cash flows of Martin's Machines. This claim is defined as a claim by one of the firm's:

Group of answer choices

A. residual owners.

B. shareholders.

C. financiers.

D. provisional partners.

E. stakeholders.

Answer:

E. stakeholders.

Explanation:

An employee has a claim on the cash flows of Martin's Machines. This claim is defined as a claim by one of the firm's stakeholders.

A stakeholder can be defined as an individual or group of people that has an interest or concern in a business firm and usually either affect or be affected by the business.

Generally, the key stakeholders of business firm are its employees, public groups, suppliers, investors, creditors, consumers or customers. The employees working in an organization are key internal stakeholders because they play a significant role, function and have both financial and time-based investments in the operations of the business.

6 0
3 years ago
____ can be defined as the degree to which an obtained measure represents the true level of the trait being measured.
Debora [2.8K]

Answer:

let try validity as the rightful answer.

4 0
3 years ago
........................
diamong [38]
I think it is D ...... sorry if it is wrong .-.
7 0
3 years ago
The following are the unit costs of making and selling an item at a volume of 30,000 units per month, which represents the compa
nadezda [96]

Answer:

$7.90 per unit

Explanation:

The computation of the   minimum price on these defective units is shown below:

It is equivalent to the selling & admin variable cost per unit i.e. $7.90 per unit

oAs all the other cost would be considered as a sunk cost because the product is already generated and the fixed cost is not considered as it would remain the same whether the production is increase or not

Therefore the second option is correct

5 0
3 years ago
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