Answer:
Explanation:
children or teens who see other people having vapes at there age they might want one too.
Answer:
The correct answer is the option B: is much stronger in mass manufacturing
Explanation:
On the one hand, China is the among the most powerful countries in the world and part of that is thanks to the fact that they are the number one country in the planet who dominates the mass manufacturing. Most of the products of the world have a component that is fabricated or ensambled in China. Therefore that most of the products have the well famous phrase "made in China". And that is also due to the fact that the population of the country is one of the most highers in the world as well and most of them are workers who produce in the factories.
On the other hand, India is the one who has develop world-class information-technology services.
Answer:
d. a journal entry is only partially posted.
Explanation:
a. a journal entry is posted twice
This will lead to incorrect account balance, but the accounts will balance.
Because we are repeating a correct entry twice, so it will not make the trial balance not balance.
EXAMPLE
inventory 100 debit
cash 100 credit
inventory 100 debit
cash 100 credit
b. a wrong amount is used in journalizing
Similar as before, the accounts are being increased or decreased for a different amount than it should be. But this do not generate any trouble in the trial balance.
EXAMPLE
inventory 80 debit
cash 80 credit
c. incorrect account titles are used in journalizing
using a diferent name will generate impact on another account, the debit and credit imapct will be the same anyway, it will not affect the balance
EXAMPLE
Inventory 80 debit
Taxes payable 80 credit
d. a journal entry is only partially posted.
in this case, the entry is not balanced, generating a difference in total debit and credit.
EXAMPLE
Inventory 80 debit
We are not posting anything on credit, this is not in balance
Answer:
Letter of Credit (LC)
a) Mbo Limited's bank can issue a letter of credit to Tiffany Anderson Group Ltd.'s bank a credit guarantee by which Mbo's bank guarantees that Mbo Limited will settle Tiffany Anderson Group Ltd in full for the amount involved in their trade relationship. It is usually used by importers and exporters to settle trade credit. It is the most acceptable means of settling debts across national boundaries.
b) A diagram is attached. The procedures are detailed below:
A. A Sales Contract is established between the seller (exporter) and the buyer(importer).
B. The importer makes a request to its bank for issuance of letter of credit.
C. The importer’s bank issues a letter of credit to the exporter’s bank.
D. The exporter’s bank advises on the letter of credit to the exporter.
E. The exporter presents export documents (bill of lading and invoice) to its bank.
F. The exporter’s bank delivers the documents to the importer’s bank.
G. The importer’s bank debits the account of the importer for the stated amount after confirming that the documents are in order.
H. The importer’s bank pays the purchase price to the exporter’s bank.
I. The exporter’s bank credits the exporter’s bank to show payment. This ends the transaction.
c. The letter of credit guarantees both the Mbo Limited and Tiffany Anderson Group Ltd. It guarantees and ensures that payment for goods are not paid to Tiffany Anderson Group Ltd until there is evidence that the correct goods and quantity have been shipped by Tiffany Anderson Group Ltd (through the bill of lading). It also assures Tiffany Anderson Group Ltd of payment for shipped goods since the documents cannot be released to Mbo Limited unless Mbo Limited's account had been debited and the money transmitted to Tiffany Anderson Group Ltd through its bank.
Explanation:
As above.
Answer and Explanation:
The computation is shown below:
Single overhead rate is
= total cost ÷ total labor hours
= ($48000 + $72000 ) ÷ (2600+2400)
= 24 per labour hour
Now
Dining chairs
= 2600 × 24
= $62400
And,
tables
= 2400 × 24
= $57600
total = $120000
