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MissTica
3 years ago
7

Effective controls relevant to purchasing of raw materials should usually include all of the following except Obtaining third-pa

rty written quality and quantity reports prior to payment for the raw materials. Determining the need for the raw materials prior to preparing the purchase order. Systematic reporting of product changes that will affect raw materials. Obtaining financial approval prior to making a commitment.
Business
1 answer:
Paul [167]3 years ago
8 0

Answer:

. Obtaining third-party written quality and quantity reports prior to payment for the raw materials

Explanation:

Purchases of raw materials can be regarded as purchases of all commodities that is required as inputs in the process of production as well as related to the supply of factors of production. It should be noted that Effective controls relevant to purchasing of raw materials should usually include; ✓Determining the need for the raw materials prior to preparing the purchase order.

✓Systematic reporting of product changes that will affect raw materials. Obtaining financial approval prior to making a commitment.

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The balance in the office supplies account on January 1 was $7,362, the supplies purchased during January were $3,421, and the s
Zigmanuir [339]

Answer:

d.$8,327

Explanation:

The computation of the amount used in the adjusting entry is shown below:

= Beginning balance of office supplies + supplies purchased - ending balance of office supplies

= $7,362 + $3,421 - $2,456

= $8,327

The adjusting entry is

Supplies expense $8,327

        To Supplies A/c $8,327

(Being the supplies expense is recorded)

For recording this transaction we debited the supplies expense as it increased the expense account and credited the supplies account as it reduced the asset account

7 0
3 years ago
"A registered representative ("RR") has entered an order to buy 100 shares of ABC at $50 per share for a customer. The transacti
Delicious77 [7]

Answer:

The RR may change the account number on the order ticket to correct number if the branch manager so agrees and provides in written.

Explanation:

In the given case, we  know that when the customer buys shares he provides all the details as Name, Address, Contact Details, mail id, etc:

Now when the account number do not match as to the original of the customer, she the registered representative shall confirm to the original information and if the customer is same the details if any which are not correct shall be changed in records if the branch manager so agree.

As this is beneficial to the both the branch manager and the customer.

8 0
3 years ago
Emilee signed a rental agreement for her new condo after she moved out the owner determined that the condo needed to be cleaned
nevsk [136]

Answer:

750

Explanation:

6 0
3 years ago
Read 2 more answers
In which of the flows in circular flow model does each transaction occur. you buy a coffee at starbucks. ▼ the government buys s
andrezito [222]

Explanation:

This is circular flow model with three agents ; customers , governments and businesses.

There are two markets ; Goods and services market and factor market.

The two types of transaction are resources or monetary transaction.

▼ you buy a coffee at starbucks : It is a trade between companies, households with commodities and households. This is achieved via the demand for goods and services.

▼ the government buys some dell computers : This is the exchange of the money market between the government and goods and services. Assets are transferred from government to market for goods and services.

▼ a student works at kinko : The transaction includes the demand element from the household to the resource sector. It is a financial transaction between companies and households.

▼ donald trump rents a building to marriot hotels: It is a monetary transaction across the factor network from business to households. This is indeed a resource transaction between households and companies via the factor market.

▼you pay your income tax : This is indeed a money transaction between households and government.

8 0
3 years ago
The quality assurance manager is assessing the capability of a process that puts pressurized grease in an aerosol can. The desig
nika2105 [10]

Answer:

A sample is taken from production and it is found that the cans average 61 psi with a standard deviation of 2 psi.

Explanation:

After the checks of the QC manager, it is deduced that a sample is been taken from the production and it is also found that the kergs average 61 psi woth a standard deviation of 2 psi.

Hydraulic fittings are available in threaded, thread-forming, rivet and drive styles. They are available in different angled configurations and a wide variety of extension lengths to allow you to position the fitting for easy access with a grease gun on different types of equipment.

Another factor to consider is the type of grease fittings used in the facility. Most fittings have a ball check in the head of the fitting, which prevents dirt from getting to the bearing. The spherical contour of the fitting head provides a ball-and-socket joint between the fitting and the hydraulic coupler of the grease gun. The most common fitting is the hydraulic fitting, available in standard and metric sizes.

5 0
3 years ago
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