Answer:
Transaction a.
Debit : Raw Materials $12,200
Credit : Accounts Payable $12,200
Transaction b.
Debit : Work in Process $11,656
Credit :Raw Materials $11,656
Explanation:
We use the actual costs to account for the purchase and transfer of materials to production.
Unit Cost = Total Cost ÷ Total units purchased = $1.88
Answer:
Harvesting
Explanation:
Harvesting can be regarded as systematic practice by entrepreneur whereby an entrepreneur get back value gained by the entity by selling of individual assets or by selling the entire firm as a whole. There are usually alot of reasons that compel the entrepreneur to carry out harvesting process on the entity as well as the section inorder to follow outlines of some of them. It should be noted that
When an entrepreneur hopes to capitalize financially on the investment in the venture is known as harvesting.
Answer:
There is no short answer.
Explanation:
For the first scenario, the group doing the influence is her sorority sister. The nature of the group is aspirational because she is helping her decide. The influence the group has is value expressive because even though Sue wanted an MP3 player, she ended up buying an iPod with video playing ability which was not what she wanted.
For the second scenario, the group doing the influence is the US army. The nature of the group is aspirational because he has a sticker on his car which means that he wants to be associated with the group and show his support. The influence the group has is utilitarian because it lines up with Bill's expectations.
For the third scenario, the group doing the influence is the brand because it affects Jane's behavior and choice of clothing. The nature of the group is aspirational because they want to interview her and offer her a job. The influence of the group is utilitarian because they are causing Jane to adjust herself to their expectations and values in order to get to job.
For the fourth scenario, the group doing the influence are the protesters on the campus. The nature of the group is dissociative because Bill clearly does not want to be associated with the group by wearing blue jeans. The influence of the group is informational because it challenges peoples beliefs and has the potential to change their minds.
I hope this answer helps.
Answer:
The correct answer would be A.
Answer:
Equipment and notes payable
Explanation:
Since the equipment is purchased by signing the note payable which affected the two accounts i.e equipment and the note payable. In this, the cash transaction is not involved, so cash should not be considered
The journal entry would be
Equipment A/c Dr $10,000
To Notes payable $10,000
(Being the equipment is purchased by signing a note payable)