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solniwko [45]
3 years ago
7

Dawn Manufacturing’s records show a journal entry was made debiting Work in Process Inventory and crediting Raw Materials Invent

ory for $100. The journal entry was made to record which of the following events? 1. Direct materials were placed into production 2. A materials requisition slip was prepared and approved A : 1 only B : 1 and 2 C : 2 only D : Neither 1 nor 2
Business
1 answer:
vazorg [7]3 years ago
6 0

Answer:

The correct answer is option (B) 1 and 2

Explanation:

Solution

The journal entry for Direct materials were set into production or materials requisition slip was approved or prepared.

JOURNAL ENTRY FOR DAWN MANUFACTURING RECORDS

                                            Debit ($)         Credit ($)

Work in Process Inventory  100

The raw Material Inventory                          100

Therefore from the journal stated above the entry was made to record direct materials and materials requisition slip prepared  

The option B is the right choice.

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When evaluating service quality, _____ refers to the knowledge and courtesy of employees and their ability to convey trust. a. a
sesenic [268]

An assurance means the knowledge and courtesy of employees and their ability to convey trust.

<h3>What is an assurance?</h3>

This refers to the set of systematic activities that are intended to ensure that the objectives of a project are fit for purpose.

Hence, in evaluation of service quality, its means the knowledge and courtesy of employees and their ability to convey trust.

Therefore, the Option A is correct.

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6 0
1 year ago
Monique lends Taylor $1,200 on March 15, 2009. Taylor is expected to return $1,260 on March 14, 2010. Monique expects inflation
Irina-Kira [14]

Answer:

2.94%

Explanation:

Real Rate of Return is the actual rate of return that an investor gets from investment excluding any inflation effect.

Present Value = PV  = $1,200

Future Value = FV = $1,260

Numbers of period = n = 1 year

Use Following Formula to calculate the nominal Interest rate

FV = PV x ( 1 + r )^n

$1,260 = $1,200 x ( 1 + r )

$1,260 / $1,200 = 1+r

1.05 = 1 + r

r = 1.05 - 1 = 0.05 = 5%

As the 5% is the Nominal Interest rate

we Will Use the Fisher Effect formula to calculate the real Interest rate

1 + Nominal Interest Rate = ( 1 + Real Interest Rate ) x ( 1 + Inflation Rate )

1 + 5% = ( 1 + Real Interest Rate ) x ( 1 + 2% )

1 + 0.05 = ( 1 + Real Interest Rate ) x ( 1 + 0.02 )

1.05 = ( 1 + Real Interest Rate ) x 1.02

1 + Real Interest Rate  = 1.05 / 1.02

1 + Real Interest Rate = 1.0294

Real Interest Rate = 1.0294 - 1

Real Interest Rate = 0.0294 = 2.94%  

8 0
2 years ago
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Answer:

$481,000

Explanation:

To determine the cash flows from operating activities, the net Income for the year must be adjusted by non - cash items and changes in working capital items.

Therefore, given a decrease in Accounts Receivable $17,000 ($131000 - $114000) . Then the cash flows from operating activities to be reported on the statement of cash flows is $481,000 ($498000 - $17,000) .

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Sage Company is operating at 90% of capacity and is currently purchasing a part used in its manufacturing operations for $18.00
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Answer:

$120,000 decrease.

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When cash is received, it is considered negative cash flow. <br> a. True <br> b. False?
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True......................................
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