The following accounts would appear on a schedule of cost of goods manufactured- Depreciation of factory equipment
Explanation:
<u>The cost of goods manufactured (COGM) schedule</u> is used to calculate the cost of all the items produced during a given reporting period.
<u>The cost of good manufactured schedule</u> gives companies an idea about their production cost(i.e whether it is too high or low) in relation to the sales they are making
<u>The formula to calculate the COGM i</u>s:
Add: Direct Materials Used
Add: Direct Labor Used
Add: Manufacturing Overhead
Add: Beginning Work in Process (WIP) Inventory
Deduct: Ending Work in Process (WIP) Inventory
= COGM
Answer: (B) Production house
Explanation:
A production house is one of the type of studio or the company where the team basically providing the different types of duties on the basis of specialization.
According to the given question, the RT designs is one of the example of production house as the RT design is the company that basically designing the whole advertisement and also recording, filming the specific given advertisement.
Therefore, this company performing this type of functions is known as the production house.
Answer:
true
Explanation:
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A statement that is valid according to law of contract will be termed true while an invalid one is termed false.
<h3>Validity of the statements</h3>
- Under the UCC, a contract will generally fail because one or more terms are left open, (TRUE)
- A contract without a quantity term is valid. (TRUE)
- A contract for services is specifically covered by the UCC. TRUE
- Whether there has been an offer is determined by a subjecive standard. TRUE
- A says to B: "I am going to sell my car for $2,000." B says: "I accept, here is my check." There is a contract. TRUE
- Offers made in jest are always invalid. FALSE
- B agrees to buy all of her requirements from S. S agrees. The contract fails for lack of a definite quantity term. TRUE
- A writes to B: "I will offer you S20 a week if you will give violin lessons to my son. You have 30days in which to reply to this offer." B is still thinking about it when a purporis to revoke 15days later. B can nonetheless accept. TRUE
- When an offeree learns from a third party that the offeror has sold the goods. the offer is re-voked. TRUE
- The modern view is that once the offeree of a unilateral contract begins to perionin, the offeror may not revoke his promise. FALSE
- An offer continues until there is an express revocation of the offer. TRUE
- A offers to sell his watch to B for 100. B says she will take it for 575. B may laier accept the offer for S100. TRUE
- A offers to sell his watch 10 B for $100.1 gives a 55 to keep the offer open. A may not revoke. TRUE
- Under the UCC, a non-merchant may make her offer irrevocable without consideration. TRUE
- In general, an offeree must affirmatively convey his or her intention to accept an offer to enter into a bilateral contract TRUE
- A says to B:"If you paint my house, I will give you 5100." B promises to paint a's house. Thereis a contract. TRUE
- At common law, an offeree may request additional terms in accepting the offer. TRUE
- Merchant S accepts Merchant B's offer with an additional clause providing for reasonable interest for overdue invoices. The additional clause is part of the contract. TRUE
- Revocation of an offer sent by mail is elfective upon receipt. TRUE
- lla ained for forbearance of a legal right will constitut esileration TRUE
- B agrees to buy a house offered by S if B gets a bank loan. There is a contract TRUE
<h3>Law of contract</h3>
Law of contract is an agreement between private parties creating mutual obligations enforceable by law. The basic elements required for the agreement to be a legally enforceable contract are: mutual assent, expressed by a valid offer and acceptance; adequate consideration; capacity; and legality.
learn more about law of contract: brainly.com/question/984979
Answer:
$2,500,000
Explanation:
Calculation for the current liabilities total
Account payable and Accrued Liabilities $1,761,000
Add Income tax payable $654,000
Add Deferred income tax liability $85,000
Current liabilities total $2,500,000
($1,761,000+$654,000+$85,000)
Therefore the Current liabilities total is $2,500,000
