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astra-53 [7]
3 years ago
13

What happens when network externalities are​ present?

Business
1 answer:
wolverine [178]3 years ago
4 0
I think it is either C or D. I'm not sure which one though. Hope this helped, have a great day! :D
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River Falls Manufacturing uses a normal cost system and had the following data available for 2018: Direct materials purchased on
PtichkaEL [24]

Answer:

The ending balance of work-in-process inventory is $64,000

Explanation:

Opening Raw Material = $34,000

Opening WIP Inventory = $70,000

Opening Finished Goods Inventory = $55,000

Raw material purchased = $148,000

Raw materials requisitioned = $88,000

Closing Raw Material = Opening + Purchase - Requisitioned

= $34,000 + $148,000 - $88,000 = $94,000

Closing Finished Goods Inventory = Opening + Cost of goods produced - Cost of goods sold

= $55,000 + $299,000 - $250,000 = $104,000

Expense total incurred on goods entered for production = Material requisitioned + Labor cost incurred + Factory overhead

= $88,000 + $127,000 + $148,000 = $363,000

Out of which cost of completed goods = $299,000

Thus remaining is work in process = $363,000 - $299,000 = $64,000

That is Closing WIP Inventory = $64,000

Note: It is obvious that the expense of labor and overheads incurred in this period includes expense incurred to convert opening WIP in to finished goods and the balance is closing WIP.

The ending balance of work-in-process inventory is $64,000

5 0
3 years ago
Osage Corporation issued 3,700 shares of stock. Prepare the entry for the issuance under the following assumptions. (Credit acco
Elden [556K]

Answer:

<u>JOURNAL ENTRY</u>

Dr. Cash..................58,000

Cr. Common Stock....................33,300

Cr. Additional Paid in Capital..24,700

Being issuance of 3,700 shares of common stock at par value of $9 per share, with premium

Explanation:

(a) The stock had a par value of $9 per share and was issued for a total of $58,000.

<u>JOURNAL ENTRY</u>

Dr. Cash..................58,000

Cr. Common Stock....................33,300

Cr. Additional Paid in Capital..24,700

Being issuance of 3,700 shares of common stock at par value of $9 per share, with premium

(b) The stock had a stated value of $9 per share and was issued for a total of $58,000.

<u>JOURNAL ENTRY</u>

Dr. Cash..................58,000

Cr. Common Stock....................33,300

Cr. Additional Paid in Capital..24,700

Being issuance of 3,700 shares of common stock at par value of $9 per share, with premium

(c) The stock had no par or stated value and was issued for a total of $58,000.

<u>JOURNAL ENTRY</u>

Dr. Cash..................58,000

Cr. Common Stock............58,000

Being issuance of 3700 common stock with no stated value per share

(d) The stock had a par value of $9 per share and was issued to attorneys for services during incorporation valued at $58,000.

<u>JOURNAL ENTRY</u>

Dr. Service fees..................58,000

Cr. Common Stock.........................33,300

Cr. Additional Paid In capital........24,700

Being issuance of 3,700 shares of common stock at par value of $9 per share, with premium; for attorney fees

(e) The stock had a par value of $9 per share and was issued for land worth $58,000.

<u>JOURNAL ENTRY</u>

Dr. Service fees..................58,000

Cr. Common Stock.........................33,300

Cr. Additional Paid In capital........24,700

Being issuance of 3,700 shares of common stock at par value of $9 per share, with premium; for acquisition of land.

7 0
3 years ago
Which is a natural property of nicotine?
Romashka-Z-Leto [24]
Nicotine has a stimulant effect and therefore is addictive. The addictive effect is noticable in people who still smoke cigarettes even though they are aware of the very real dangers of lung cancer induced by lengthy cigarette smoking.
3 0
3 years ago
Read 2 more answers
Because the _____ is the rational part of the personality, it sometimes plays referee between the wishes of the _____ and the __
snow_tiger [21]
<span>Because the ego is the rational part of the personality, it sometimes plays referee between the wishes of the Id and the Superego. The ego or your ego is referred to be your conscious mentality and it is also your perception of your own self.</span>
7 0
3 years ago
A firm is practicing __ if it is able to make a profit without depleting any of its resources, including employees, natural reso
iris [78.8K]

A firm is practicing sustainability if it is able to make a profit without depleting any of its resources, including employees, natural resources, and the support of the surrounding community.

The main objective of sustainability is for people to live in peace and harmony on Earth for an extended period of time.

Since it is difficult to come to a consensus on specific definitions of sustainability, they change over time and in the literature.

This idea can be applied to inform choices made at the international, governmental, and personal levels.

The environmental implications of sustainability are frequently highlighted in the common usage of the term.

Since about 2000, climate change, biodiversity loss, ecosystem services loss, land degradation, and air and water pollution have been the most significant environmental challenges.

At this point, humanity has crossed multiple "planetary limits".Sustainable development is a topic that is related.

Learn more about sustainability here

brainly.com/question/13353436

#SPJ4

8 0
1 year ago
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