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4 years ago

12

Which account is credited when a job is completed? finished goods inventory. sales revenue. cost of goods sold. work in process

inventory?

1 answer:

Firdavs [7]4 years ago

3 0

Answer:

sales revenue. We are going to debit profit and loss too for cost of labor if need arises.

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_______________ ensures that all relevant financial information is reported. (select an option)

Wewaii [24]

Answer:

B. Full disclosure principle

Explanation:

Full disclosure principle ensures that all relevant financial information is reported

7 0

3 years ago

The following is an estimated demand function:

Tanzania [10]

Answer:

The predicted value of sales is $75,037,500.

Explanation:

Given:

Q = 875 + 6XA + 15Y - 5P ……………………..(1)

Where:

Q = quantity sold = ?

XA = Advertising = $100,000

Y = Income = $10,000

P = Price = $100

Substituting the values into equation (1), we have:

Q = 875 + (6 * 100,000) + (15 * 10,000) - (5 * 100)

Q = 750,375

Therefore, we have:

Predicted value of sales = Q * P = 750,375 * $100 = $75,037,500

Therefore, the predicted value of sales is $75,037,500.

3 0

3 years ago

Drag each tile to the correct box.

Vladimir [108]

Answer:

1. Regular schedule.

2. Credibility.

3. Conciseness.

Explanation:

A blog can be defined as an informative or discussion-based website that is updated regularly and published over the internet. The informations that are posted on a blog are usually done chronologically.

Basically, the characteristics of a successful blog are;

1. Regular schedule: creates the need for people to continue reading. Thus, informations posted on blogs are to be updated and made available to the audience at regular intervals.

2. Credibility: proves to readers that this information is trustworthy. You should ensure you always post information that are factual, credible and trustworthy.

3. Conciseness: clearly expresses an idea for readers to understand easily. You should write in a simple and straightforward manner without the use of ambiguous or complex words.

6 0

3 years ago

Baker Mfg Inc. wishes to compare its inventory turnover to those of industry leaders, who have turnover of about 13 times per y

KiRa [710]

Answer:

16.31 times

Explanation:

The computation of the inventory turnover is shown below:

Inventory turnover ratio = Cost of goods sold ÷ average inventory

where,

Cost of goods sold is $20,720

And, the average inventory is $1,270

So, the inventory turnover ratio is

= $20,720 ÷ $1,270

= 16.31 times

All other information that is given in the question is not relevant. Therefore, we ignored it

5 0

3 years ago

The outstanding capital stock of Coronado Corporation consists of 1,900 shares of $100 par value, 9% preferred, and 5,400 shares

ella [17]

Answer:

preferred stock dividends = 1,900 x $100 x 9% = $17,100

common stocks = 5,400 stocks

a) distribution of dividends:

preferred stocks = $17,100

common stocks = $70,400

b) distribution of dividends:

preferred stocks = $17,100 x 3 = $51,300

common stocks = $36,200

c) distribution of dividends:

preferred stocks = $51,300 + (1,900/7,300 x $19,100) = $56,271

common stocks = $17,100 + (5,400/7,300 x $19,100) = $29,429

5 0

3 years ago