Answer:
Purchases= 696,000 pounds
Explanation:
Giving the following information:
Production= 222,000 units.
To make one unit of a finished product, three pounds of direct material Z are required.
<u>To calculate the purchases of direct material, we need to use the following formula:</u>
Purchases= production + desired ending inventory - beginning inventory
Purchases= 222,000*3 + 420,000 - 390,000
Purchases= 696,000 pounds
Answer:
false
Explanation:
Paid-in capital is the amount of money or any other form that stockholders pay to the corporation for capital stock. it is considered as an important part of the equity in the business. paid-in capital can be paid for common or preferred stock.
it is considered a way through which stockholders can represent their funds by showing the amount of stock they have purchased
Answer:
1. $13,500
2. $13,500
3. $336,500
Explanation:
1. Bad debt expense:
= Sales × Percent of sales uncollectible
= $900,000 × 1.5%
= $13,500
Therefore, the bad debt expense for the year 2019 is $13,500.
2. Allowance for Doubtful accounts = $13,500
3. For the end of 2019, what is the company's net realizable value:
= Accounts receivable - Allowance for Doubtful accounts
= $350,000 - $13,500
= $336,500
Answer:
Asbestos
Explanation:
This environmental hazard is asbestos. Exposure to asbestos especially for a long term period is very detrimental to health. It's fibres can be easily inhaled to the lungs which is dangerous and can cause fibrotic lung disease and also lung cancer. It can lead to defects in birth when inhaled by a pregnant woman and many other health problems. During sales of property it is very important that such hazard is disclosed to the other party.
"The three types of economic resources are also referred to as factors of production. Land (including all natural resources), Labor (including all human resources), Capital (including all man-made resources), and when you combine all of those you get production.
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