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2 years ago

Which of the following are true?

Business

1 answer:

natima [27]2 years ago

8 0

Answer:

III and IV

Explanation:

You don't have to be interested in something to be good at it. A job you like and accommodates your interests is not a guaranty.

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The Kwok Company’s inventory balance on December 31, 2021, was $215,000 (based on a 12/31/2021 physical count) before considerin

Eduardwww [97]

Answer:

$274,000

Explanation:

As per the data given in the question,

Particulars Amount

Inventory balance before considering following items $215,000

Adjustments:

1) According to FOB destination, ownership passes to buyer at receipt of goods $-

2) According to FOB shipping point, ownership passes to buyer at the point of shipment $27,000

3) According to FOB destination, ownership passes to buyer at receipt of goods

$32,000

4) As goods received before period close, no adjustment is required $-

5) According to FOB shipment, ownership passes to buyer at receipt of shipment $-

Correct inventory amount to be reported in Kwok's 2021 balance sheet

= ( $215,000 + $27,000 + $32,000) = $274,000

8 0

2 years ago

Suppose a gold miner finds a gold nugget and sells the nugget to a mining company for $500. The mining company melts down the go

SSSSS [86.1K]

Answer:

The GDP will increase by $2,000 as a result of these transactions

Explanation:

When trying to calculate the increase in GDP caused by a series of transactions, we do not add all the transactions, instead we look at the price of the final good and that is the increase in GDP. In this case the final good is the necklace that the store department sells for $2,000 therefore we will only consider the final transaction. So the GDP will increase by $2,000 as a result of this series of transactions because the final good sold for $2,000.

4 0

3 years ago

ournalize the entries to record the following: June 1 Established a petty cash fund of $200. 30 The amount of cash in the petty

Keith_Richards [23]

Answer:

The journal entries are as follows:

(i) On June 1,

Petty cash A/c Dr. $200

To cash $200

(To record petty cash established)

(ii) On June 30,

Postage A/c Dr. $25

Entertainment A/c Dr. $100

Miscellaneous A/c Dr. $20

To cash short and over A/c $2

To cash ($200 - $57) $143

(To record cash replenishment)

8 0

3 years ago

What’s the best business in the world

nirvana33 [79]

Technology wise: Apple or Microsoft

Food wise: McDonalds or KFC

4 0

2 years ago

A process that performs at a 6 sigma level: a. is considered statistically 'perfect' b. has 3.4 defects per million opportunitie

xz_007 [3.2K]

Answer:

d. all of the above

Explanation:

Six sigma as a 99.9997% rate of perfections which amounts to 3.4 error per million transaction.

Six sigma is an effective methodology that helps to reduce cost and decrease cycle time.

It is a methodology that increases productivity and efficiency in process, it also reduces the amount of defects and helps to eliminate it.

6 0

3 years ago