All categories

3 years ago

The final step in recognizing the completion of production requires a company to:

Business

1 answer:

BaLLatris [955]3 years ago

3 0

Answer:

A. debit Finished-Goods Inventory and credit Work-in-Process Inventory.

Explanation:

The work in progress cannot yet be debited because it cannot be sold while the finished goods represent cash.

You might be interested in

Which of the following combinations of monetary and fiscal policies would have the GREATEST effect on fighting inflation?

AVprozaik [17]

increase the prime lending rate and decrease government spending

7 0

2 years ago

ConsGrough, Inc. has increased its annual common dividend by 3% in each of the years that the company has existed. If you believ

Salsk061 [2.6K]

Answer: $171.67 would be the price of the security

Explanation: This problem relates to dividend growth model, which can be shown as follows :-

$=\frac{D_{1}}{P_{0}}+\:G$

where'

d1 = expected dividend

p = price

g = growth rate

therefore,

$=\frac{\$5\left ( 1+3\% \right )}{P_{0}}+\:3\%$

solving this we get

$p_0=\$171.67$

8 0

3 years ago

Ramsey Company typically sells subscriptions on an annual basis, and publishes six times a year. The magazine sells 60,000 subsc

Alexxandr [17]

Answer:

The correct answer is B

Explanation:

The journal entry to record the sale of the subscription is as:

Cash A/c.............................................................Dr $600,000

To Unearned Subscription Revenue A/c..........Cr $600,000

As company made a sale of the subscription, so cash is received from sale therefore any increase in asset is debited. So, the cash account is debited. And the unearned subscription revenue is credited because cash is received against subscription sale.

8 0

3 years ago

Free Brainlist lol Me You (☞ﾟヮﾟ)☞ ☜(ﾟヮﾟ☜)

dem82 [27]

fhjdjsndfhndjdmkdjdjdj

6 0

3 years ago

Read 2 more answers

Taylor Company has current sales of 1,000 units, which generates sales revenue of $190,000, variable costs of $76,000 and fixed

Leya [2.2K]

Answer:

The change in net operating income after the changes by $14,200

Explanation:

For computing the change in net operating income, first, we have to compute the contribution per unit which is shown below:

Contribution per unit = Selling per unit - variable cost per unit

= $190 per unit - $76 per unit

= $114 per unit

where,

The selling per unit = (Sales revenue ÷ number of units)

= ($190,000 ÷ 1,000 units)

= $190 per unit

The variable cost per unit = (variable cost ÷ number of units)

= ($76,000 ÷ 1,000 units)

= $76 per unit

Now the change in operating income equals to

= (increased sales units × contribution per unit) - advertising cost

= (300 units × $114 per unit) - $20,000

= $34,200 -$20,000

= $14,200 increase

7 0

3 years ago