Answer:
The correct journal entries should be:
Department A:
Dr Work in progress inventory 93,000
Cr Raw materials inventory 93,000
Department D:
Dr Work in progress inventory 67,000
Cr Raw materials inventory 67,000
Explanation:
Raw materials is an asset account with a debit balance, and since we must decrease it, we have to credit the amounts. Work in progress (WIP) inventory is an asset account so it has a debit balance.
Answer:
No
Explanation:
An independent contractor is a business person or entity who works for an employer based on an agreed-upon contract which affords him the flexibility of choosing how and when he accomplishes a task. The employer has the right to control the results of his work but has little or no say on how and when the job is done.
An independent contractor is not bound to work specific hours dictated by an employer. When the sale's agent finds it difficult to close a deal or is unable to produce paperwork in a timely fashion, he cannot just be arbitrarily penalized by the broker. The broker could terminate the contract if the agent does not meet up to his requirements.
Answer:
National savings are repaid domestically, whereas capital inflows are repaid to a foreigner.
Explanation:
National savings refer to the portion of the income that is not consumed, or spent by government. It is the combined or aggregate value of all private savings and the budget balance. Therefore, national savings are repaid domestically when borrowed.
Capital inflow refers to the net amount of funds that is moved into a particular benefiting company from another country. It is usually in form of investments by foreigners and it is meant to be paid back to them.
The answer is 9%. According to the CBO, defense expenditure
grew 9% yearly on average from fiscal year 2000-2009. Much of the costs for the
conflicts in Iraq and Afghanistan have not been subsidized through regular arrogations
bills, but over emergency supplemental appropriations bills.
