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Rashid [163]
4 years ago
13

Flying High Manufacturing produces frisbees using a threeminusstep process that includes​ molding, coloring and finishing. Which

account is debited when the frisbees are totally​ completed?
Business
2 answers:
IgorC [24]4 years ago
8 0

Answer:

Finsished goods inventory is debited.

Explanation:

The production process involves movement of the product through the different stages of manufacturing to the final finished goods.

The raw materials are inputted, then transferred to work in process, finally to finished goods. The finished goods is sold to the consumer.

In this scenario Flying high manufacturing produces frisbees, when the frisbees are completed the following entry is passed

Credit work in process

Debit Finished goods inventory

This indicates bthat the goods have moved from the work in process to finished goods where they are ready for sale.

egoroff_w [7]4 years ago
3 0

Answer:

The correct answer is WIP Inventory-Molding.

Explanation:

Modern companies in search of competitiveness are obliged to control their costs permanently and maintain, improve and increase their value generating factors, thereby increasing the attractiveness to their customers and profitability. The control of work in process (WIP) is an activity that, together with others, positively contributes to the achievement of this ideal.

Work in process is a fundamental part of the inventory, which consists of the units that having entered and started the production process, are not yet constituted as finished products. Otherwise, the WIP is made up of those raw materials that have entered the production process but are not yet ready for sale since they are not yet finished product.

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<u>Explanation</u>:

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<u>Therefore, the cost are assigned below:</u>

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The part of consumption spending that is independent of disposable income is called?
Tcecarenko [31]

The part of consumption spending that is independent of disposable income is called <u>Autonomous consumption</u>.

  • The costs that customers must incur even when they have no extra money are referred to as autonomous consumption. No matter how much money or income a customer has available at any particular moment, some things must be bought.
<h3><u>What does autonomous consumption look like?</u></h3>
  • Autonomous consumption occurs when you purchase food so you can feed yourself. Not wants—these are fundamental requirements. You might not have enough money to pay for these things, in which case you can use a credit card or money from your savings to make the purchase.

To Learn more about  <u>Autonomous consumption</u>, click the links.

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Lerok [7]

Answer:

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A positive-skewed distribution generally has a long right or positive tail. The positive-skew distributions are also known as the Right-skewed distribution. The main reason behind calling this a positive-skew is that this skew has a long tail in the positive direction on the number line.

In the given question, positively-skewed implies to one-year return risk-neutral distribution, as the delta put raises, the volatility decreases but not in the same proportion. In such a condition, the median will be less than the mean. Therefore, it will be Right-Skewed or Positively Skewed Distribution.

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Answer:

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