1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
zavuch27 [327]
3 years ago
12

hotwax makes surfboard wax in two sequential processes. This period, Hotwax purchased $62,000 in raw materials. Its mixing depar

tment requisitioned $50,000 of those materials for use in production. Prepare journal entries to record its purchase of raw materials and requisition of direct materials.
Business
1 answer:
Sliva [168]3 years ago
3 0

Answer:

The answer is given below

Explanation:

<em>From the question given, we resolve the issue as follows:</em>

<em>Hotwax purchased $62,000 in raw materials</em>

<em>The  mixing department requisitioned $50,000 of those materials for use in production.</em>

<em>We prepare a journal entries to record its purchase of raw materials and requisition of direct materials.</em>

<em>Raw materials   Inventory   = $62,000  </em>

<em>                           Cash = $62,000</em>

<em>Wip                                   50,000</em>

<em>Raw materials   Inventory = $50,000</em>

You might be interested in
Likely be covered under homeowners insurance but NOT by renter's insurance?
Harrizon [31]
Because it is no longer renters job to pay because Ur renting,whats the choices?
6 0
3 years ago
Read 2 more answers
10/12/2020
zhuklara [117]

Answer:

the answer is C

Explanation:

i just did Edgenuity

6 0
3 years ago
The Corner Market has decided to expand its retail store by building on a vacant lot it currently owns. This lot was purchased f
marysya [2.9K]

Answer:

a. The current market value of the land

Explanation:

An expansion project costing plays a huge role. According to relevant cost, all irrelevant cost in the business should not be considered while analyzing a project. In the past, cost incurred in purchase of the land and its improvement is sunk cot, hence these expenditure ares irrelevant while analyzing the expansion project. The only cost which is to be considered is current market value of the land.

5 0
3 years ago
International flows of funds can affect the Fed's monetary policy. For example, suppose that interest rates are trending lower t
Elden [556K]

Answer:

International flows of funds can affect the Fed's monetary policy. For example, suppose that interest rates are trending lower than the Fed desires. If this downward pressure on U.S. interest rates may be offset by <u>outflows</u> of foreign funds, the Fed may not feel compelled to use a <u>tight </u>monetary policy.

Explanation:

A Tight Monetary Policy is when the central bank tightens policy or makes money tight by raising short-term interest rates through policy changes to the discount rate, also known as the federal funds rate. Boosting interest rates increases the cost of borrowing and effectively reduces its attractiveness.

Outflows of foreign funds or the flight of assets occurs when foreign and domestic investors sell off their holdings in a particular country because of perceived weakness in the nation's economy and the belief that better opportunities exist abroad.

The reasoning is as follows, the rate is down in the USA so holders of assets look for better rates abroad as a consequence  there is less money in the US domestic economy and automatically the rate tend to rise (remember that interest rate is the price of money). If there is less supply of something the price of that something will go up (ceteris paribus). The same thing will happen to the interest rate without the intervention of the FED.

7 0
4 years ago
For a stock to be in equilibrium, that is, for there to be no long-term pressure for its price to depart from its current level,
Alex_Xolod [135]

Answer:

c.the expected future returns must be equal to the required return.

Explanation:

When the stock is at equilibrium than the intrinsic value of the stock is equivalent to the market price of the stock that depicts that the expected returns which held in the future should be equivalent to the required return

Therefore the option c is correct

And, the other options that are mentioned in the question are incorrect

4 0
4 years ago
Other questions:
  • The Housing Financial Discrimination Act (Holden Act) prohibits all financial institutions from discriminating in real estate lo
    12·1 answer
  • Omar, an individual in the 37% tax bracket, wants to shift some of his income to a new corporation in order to take advantage of
    15·1 answer
  • You agree to sell your car to your neighbor for $5,000. you and your neighbor have provided each other:
    12·1 answer
  • Suppose GDP in this country is $1,330 million. Enter the amount for government purchases. National Income Account Value (Million
    8·1 answer
  • New items developed for automobiles in the 1997 model year included a safer air bag, which, unlike previous air bags, eliminated
    6·1 answer
  • 1. Explain any three sources from which ideas emerge​
    10·1 answer
  • Complete the following statements to demonstrate your understanding of the relationships among the different structures of the F
    13·1 answer
  • According to the video, what are a Computer Programmer's real skills? Check all that apply.
    12·2 answers
  • Honduras is a small economy in central america. it keeps a fixed exchange rate with the us. capital is perfectly mobile. you may
    12·1 answer
  • Suppose independent truckers operate in a perfectly competitive constant cost industry. If these firms are earning positive econ
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!