Which of the following describes intellectual property

Bingerton industries began the year with inventory of$85,000. Purchases of inventory on account during the year totaled $310,000

Charra [1.4K]

The first entry of the journal records the inventory of of $310,000 as debited and accounts payable as credited.

<h3>What is inventory management?</h3>

The process of counting and recording fluctuations in the prices of assets such as raw materials, work-in-progress, and finished goods refers as Inventory management.

Following are the Journal entries-

1. Inventory accounts A/c $310,000

To Accounts Payable A/c$310,000

(Being the inventory is purchased)

2. Accounts Receivable A/c $520,000

To Sales Revenue A/c $520,000

( Being inventory is sold)

3. Cost of Goods Sold A/c $335,000

To Inventory A/c $335,000

(Being inventory is sold )

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8 0

2 years ago

when a firm with market power produces less than the socially efficient level of output, there would be to society of producing

Hoochie [10]

A company with market power produces much less than the socially efficient level of output, there would be to society of producing one more unit: The boom or lower inside the total production cost if the output of one unit is extended is the marginal cost of manufacturing.

Market power refers to the capacity of a company (or organization of firms) to elevate and preserve a rate above the extent that would be triumphant under opposition and is referred to as market or monopoly energy. The workout of marketplace energy leads to reduced output and a lack of economic welfare.

In economics, market power refers to the potential of a firm to steer the rate at which it sells products or services by means of manipulating either the supply or demand of the services or products to grow monetary profit.

An instance of market power is Apple Inc. within the smartphone marketplace. although Apple cannot absolutely manage the market, its iPhone product has a big amount of market proportion and consumer loyalty, so it has the ability to have an effect on average pricing inside the smartphone marketplace.Monopoly/marketplace electricity. is wherein one vendor dominates the marketplace, can control fees & prevent new competition from entering the market? Externalities. correct or terrible aspect impact of manufacturing or intake which influences folks that aren't directly worried.

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6 0

1 year ago

Which of the following is a task commonly performed using GAS?

Inga [223]

Answer:

The correct answer is letter "E": All of the above.

Explanation:

The Generalized Audit Software or GAS is a computer-based tool designed to carry out routine audits inside a company. It imports generalized data so then samples can be browsed to later be analyzed. The data is stored based on certain criteria identifiers for easiness in the search. Besides, confirmations of account receivables can be printed from the software.

8 0

3 years ago

On January 1 of this year, Houston Company issued a bond with a face value of $ 10,000 and a coupon rate of 5 percent. The bond

denis-greek [22]

A bond amortization schedule for all three years of the bond's life

principal 10,000

interest paid 500

principal use PV of $1 at 4% for 3 years

10000 * 0.889 = 8890

for interest use PV of an ordinary annuity

500 * 2.77509 = 1388

Issue price of bonds 10278

2) 31-Dec Year 1 Year 2

interest expense 411 408

bond liability 10189 10096

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7 0

1 year ago

Gator Corporation manufactures several types of accessories. For the year, the gloves and mittens line had sales of $488,000, va

Neko [114]

Answer:

Explanation:

In This Cost accounting <u><em>(which is a methodical set of process and procedures for accounting and reporting the capacity of the cost of producing and given goods and carrying out services in the aggregate and in detail.) </em></u>question, the analysis in the diagram below indicates that Gator should produce gloves and mittens otherwise loss will be increased by $26,180

4 0

2 years ago