If you do not need full benefits from a job, it would be beneficial to take a job with a higher salary and low benefits. However, if you are needing the benefits that come from most jobs such as insurance, 401K, paid leave etc.. then it wouldn't be beneficial to take the higher pay. If you still have to pay out of pocket for benefits, you will end up spending a lot more then finding a job that gives you less money but better benefits.
Answer:
Sep 1st
Debit Cash 100,000
Credit Note Payable 100,000
(to record 90-day note borrowing from First National Bank)
Explanation:
As at September 1, Vicario Inc receive the cash amount of $100,000 from First National Bank through Borrowing, the Cash account should be recorded up $100,000 ( that is, Dr, as Cash is an asset account) to reflect the transaction.
The offseting Credit entry will be recorded in Note Payable account ( which is a liability account) to reflect the liability of $100,000 owed to the Bank.
As at 1 September, the first day of assuming the debt, no interest expenses is incurred, so, no entry is needed to record interest expense.
Answer:<u><em> Cost of goods sold</em></u> would be a debit entry to eliminate the intra-entity transfer of inventory.
Cost of goods sold is known as the direct costs ascribable to the production of the commodity sold in a organization. This considers the cost of the materials that has been substantially used in making the commodity including the labor costs.
<u><em>Therefore, the correct option is (b)</em></u>
Answer:
B. Causes of variability
Explanation:
Inventory reduction via Just in time is a technique that aligns raw material orders from suppliers directly to production schedules. It helps in reducing inventory costs. It increases efficiency and reduces waste as goods are only received when the organization using JIT needs them for operations. In JIT, production period is short, warehouse need is minimize thus reducing costs. Also, it becomes of useful tool in identifying causes of variability. It reduces variability caused by both internal and external factors. Variability are normal deviation from the most efficient and optimum process.
