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melamori03 [73]
4 years ago
9

Money is an unlimited resource. TRUE FALSE

Business
1 answer:
Yanka [14]4 years ago
8 0
You use money everyday and my answer would be a false
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What is an example of a withholding you might see on your pay stubs
horrorfan [7]
It is that your pay stubs might b wrong
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3 years ago
Select each of the items with the best-numbered description of its purpose.
iren2701 [21]

Answer:

1. D

2. B

3. G

4. A

5. C

6. E

7. F

Explanation:

1. Notifies the materials manager to send materials to a production department: Materials requisition.

2. Holds costs of indirect materials, indirect labor, and similar costs until assigned to production: Factory overhead account.

3. Holds costs of direct materials, direct labor, and applied overhead until products are transferred from production to finished goods (or another department): Work in the process inventory account.

4. Standardizes partially completed units into equivalent completed units: Equivalent units of production.

5. Holds costs of finished products until sold to customers: Finished goods inventory account.

6. Describes the activity and output of a production department for a period: Process cost summary.

7. Holds costs of materials until they are used in production or as factor overhead: Raw materials inventory account.

5 0
3 years ago
Builder Products, Inc., manufactures a caulking compound that goes through three processing stages prior to completion. Informat
Marizza181 [45]

Process costing: It is a costing system which is used for manufacturing companies which involves more than one process in production of goods. It uses cost per equivalent units and equivalent units in production in order to transfer costs to its finished goods inventory and ending WIP.

What is weighted average method?

  • The weighted average takes into consideration the relative significance or recurrence of a few variables in a information set.
  • A weighted average is in some cases more precise than a straightforward average. In a weighted average, each information point esteem is increased by the doled out weight which is at that point summed and separated by the number of information points.
  • For this reason, a weighted average can progress the data's accuracy. Stock financial specialists utilize a weighted average to track the fetched premise of offers bought at changing times.

To know more about weighted average method visit:

brainly.com/question/26499005?

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8 0
1 year ago
The bank collected $1,500 for the company from the company's client. On a bank reconciliation, this would be shown as a(n)
laila [671]

Answer:

A. increase in the ledger cash account balance (book balance)

Explanation:

The bank collected $1500 from the customer on behalf of the company. The amount was posted to the customer's account, increasing the company's bank balance by $1500. When the bank generates the customer's statement, the collected amount will reflect in the customer statement increasing it by $1500.

To reconcile the customer bank statements, and the customer's ledger, the amount of $1500 will have to be added to the customer's cash balance.

6 0
3 years ago
You short-sell 200 shares of Tuckerton Trading Co., now selling for $50 per share. What is your maximum possible loss
pentagon [3]

Answer:

Unlimited

Explanation:

GIven that:

You short-sell 200 shares of Tuckerton Trading Co

now selling for $50 per share.

If a short-sell occurs on a trade, the lower the share price, the higher the profit your are liable to achieve but if short-sell occurs and the share price is higher, then the  more loss you're going to accumulate.

From the question, the lowest possible share price is zero and the highest possible share price is infinity since there is no stop loss.

∴

The maximum possible loss = 200 × 50( 1 - infinity share price)

= Unlimited loss

5 0
3 years ago
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