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REY [17]
3 years ago
10

Baxter company produces children's wiffle ball sets using a three-step sequential process that includes molding, coloring, and f

inishing. when the sets are completely finished, out of which account should the cost be transferred?
Business
1 answer:
Nikitich [7]3 years ago
3 0
<span>when the sets are completely finished, the cost should be transferred to: </span>W<span>IP inventory-Finishing
WIP stands for work in progress, which is an account to placed all the amount of manufactured product that still not ready to be sold to the market.
Since the manufacter process is in finishing stage (coloring/packing), the appropriate account should be </span>WIP inventory-Finishing
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5 0
4 years ago
In a traditional enterprise, the flow of costs through the system is:
Solnce55 [7]

Answer:

c. materials inventory, work-in-process inventory, finished goods inventory, cost of goods sold.

Explanation:

Costs are not static, they are dynamic, therefore, they move through the value chain.

It all begins with the cost of raw materials that push the whole chain. Afterwards, the cost moves to the work-in-process inventory. When the goods are finished, the cost moves to finished goods inventory, with the storing cost firstly in mind. Lastly, the cost resides with the cost of goods sold, with the added costs of distribution and sales.

Accounting-wise, the flow of cost introduces the LIFO and FIFO systems, which relate to the way how cost is managed throughout the flow - backward or forward.

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3 years ago
Donna, a corporate director, sold 100 shares of stock in her corporation on June 1, 2007. The selling price was $10.50 a share.
ivolga24 [154]

Answer:

Yes, this could be considered insider trading.

Explanation:

Insider trading refers to activities carried out in order to benefit from confidential information about publicly traded corporations. Generally speaking, those activities involve buying or selling stocks before some important information is known by the public.

In this case, Donna as corporate director knew that the financial statements would disappoint and therefore the stock price would fall. So she decided to sell her stocks before the public knew about the lower profits, or lower sales, etc.. Then after the stock price fell, she decided to purchase stocks again at a much lower price.  

4 0
3 years ago
Select the correct answer
Luda [366]

Answer:

option. C. $50

Explanation:

Your loss is limited to $50 if you notify your financial institution within two business days after learning of the theft.

7 0
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Lapatulllka [165]

Answer:

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The first step of market development is the creation of a good promotion approach. Organizations have to look for different advertising strategies which will be used to introduce their products into the new market so as to achieve rapid sales of the product.

H&R is considering a market development growth strategy so as to tap into new market segments.

6 0
3 years ago
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