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3 years ago

The following are several of the accounts from a recent balance sheet.

Business

1 answer:

Burka [1]3 years ago

6 0

Answer:

<u>Account Name</u> <u>Balance Sheet Classification</u> <u>DR or CR Balance </u>

1. Accounts Receivable CA Debit

2. Prepaid Expense CA Debit

3. Inventories CA Debit

4. Long-Term Debt NCL Credit

5. Cash and Cash Equivalent CA Debit

6. Accounts Payable CL Credit

7. Income Tax Payable CL Credit

8. Contributed Capital SE Credit

9. Property Plant and Equipment NCA Debit

10. Retained Earning SE Credit

11. Short-Term Borrowing CL Credit

12. Accrued Liabilities CL Credit

13. Goodwill (an Intangible Asset) NCA Debit

Explanation:

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The primary measure of a nation's level of development is its _____.

Veronika [31]

The answer is per capita gross domestic product. The per capita GDP is the one responsible for measuring the country’s total output in which they take their GDP and are being divided by how many are the people in their own country.

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3 years ago

Aliyah purchased Verizon Communications stock in April 2015 for $48.90 per share. She sold the stock one-year later for $54.01 p

soldier1979 [14.2K]

Answer:

Capital Gains Yield = 10.45%

Explanation:

The capitals gain yield represents the percentage appreciation or increase in the value of an investment. It is simply calculated by calculating the increase in the value of an investment or stock/bond and divide it by its initial cost.

The formula for CG Yield is,

CG Yield = (P1 - P0) / P0

Where,

P1 is current price

P0 is initial price paid

Thus CG Yield = (54.01 - 48.9) / 48.9 = 0.10449 pr 10.449%

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2 years ago

An incomplete cost of goods manufactured schedule is presented below.

svlad2 [7]

Completing the Cost of Goods Manufactured Schedule for Riverbed Company is as follows:

<h3>Cost of Goods Manufactured Schedule</h3>

Work in process (1/1) $222,600

Direct materials:

Raw materials inventory (1/1) $ 47,300

Add: Raw materials purchases 168,000

Total raw materials available for use $215,300

Less: Raw materials inventory (12/31) 24,500

Direct materials used $190,800

Direct labor $114,500

Manufacturing overhead:

Indirect labor 19,600

Factory depreciation 37,900

Factory utilities 72,600

Total overhead 130,100

Total manufacturing cost $658,000

Total cost of work in process $658,000

Less: Work in process (12/31) 85,600

Cost of goods manufactured $572,400

<h3>What is the Schedule of Cost of Goods Manufactured?</h3>

The Schedule of Cost of Goods Manufactured shows the costs of:

Beginning Work in Process
Raw materials used
Direct labor
Overhead
Less Ending Work in Process.

Thus, the Schedule of Cost of Goods Manufactured for Riverbed Company shows that the cost of goods manufactured for the period is <u>$572,400</u>.

Learn more about preparing the Schedule of Cost of Goods Manufactured at brainly.com/question/24257342

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2 years ago

Andrew Industries purchased $165,000 of raw materials on account during the month of March. The beginning Raw Materials Inventor

Y_Kistochka [10]

Answer:

d. $141,000

Explanation:

As the following information is given

Purchase of raw material = $165,000

Beginning Raw material balance = $22,000

Completed direct material = $141,000

Completed indirect material = $13,000

Since the work in progress includes only direct material i.e $141,000 as indirect material is allocated to the overhead account. Therefore, only $141,000 of raw material is transferred to work in process account

So other information which is mentioned is ignored

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3 years ago

Whats the meaning of oligopoly and monopoly market structure

leonid [27]

Oligopoly is a market structure with a small number of firms, none of which can keep the others from having significant influence. A monopoly is one firm, a duopoly is two firms and an oligopoly is two or more firms.

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2 years ago

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