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Helen [10]
2 years ago
12

During May, Carolan Corporation transferred $59,000 from Work in Process to Finished Goods and recorded a Cost of Goods Sold of

$65,000. The journal entries to record these transactions would include a: Multiple Choice credit to Cost of Goods Sold of $65,000. debit to Finished Goods of $65,000. credit to Work in Process of $59,000. credit to Finished Goods of $59,000.
Business
1 answer:
dem82 [27]2 years ago
6 0

Answer:

credit to Work in Process of $59,000.

Explanation:

Based on the information given the appropriate l journal entries to record these transactions would include a: CREDIT TO WORK IN PROCESS OF $59,000

Dr Finished goods $59,000

Cr Work in process $59,000

Dr Cost of goods sold $65,000

Cr Finished goods $65,000

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ou are tasked with estimating the costs of a project. Select a project you are familiar with and give a concise summary of that
klemol [59]

Answer:

Cost Estimation is the usage of venture quotes of a restricted degree. This is a significant component of undertaking cost the executives as a feature of the information that incorporates arranging, observing and overseeing venture money costs. A surmised cost of an undertaking, called a quote, is utilized to approve a venture's financial plan and deal with its expenses.  

Proficient appraisers utilize characterized procedures to produce quotes that are utilized to assess the money related practicality of a task, to decide subsidizing for venture costs, and to follow venture costs. Quotes are significant in concluding whether to attempt an undertaking, to decide the venture's potential degree, and to guarantee that the task remains monetarily practical and maintains a strategic distance from over-use.  

Quotes are typically reconsidered and refreshed as undertaking extension becomes clearer and when task dangers are acknowledged - as the Project Management Committee notes, cost estimation is a procedure. The equivalent. Quotes can likewise be utilized to structure the premise of an undertaking as a state of examination for surveying the real viability of a task.  

<u>Key parts of cost estimation  </u>

Cost Estimation is the total of the expenses related with effectively finishing a venture through and through. The expenses of these activities can be partitioned in a few different ways and levels of detail, however the least complex grouping isolates costs into two fundamental classes: direct expenses and backhanded expenses.  

Direct expenses are grouped into classifications that are legitimately identified with a territory. In venture the board, direct expenses are the costs that are charged for a specific undertaking. These can incorporate task group pay rates, asset costs for the creation of physical items, fuel for gear, and spending plans for tending to explicit venture dangers.  

Then again, circuitous expenses can't be connected to explicit cost places, and rather are made by a few undertakings at the same time, some of the time in various sums. In venture the board, quality control, well-being expenses and utilities are commonly delegated circuitous expenses since they are dispersed over various undertakings and can't be paid legitimately to a task.

8 0
3 years ago
yle Co. has $1.1 million of debt, $3 million of preferred stock, and $1.2 million of common equity. What would be its weight on
Virty [35]

Answer:

0.22

Explanation:

Calculation for the weight on common equity

Using this formula

Weight of Common equity = Common Equity/(Debt + Preferred Equity+Common Equity)

Where,

Common Equity=1.2

Debt =1.1

Preferred Equity=3

Let plug in the formula

Weight of common equity = 1.2/(1.1+ 3+ 1.2)

Weight of common equity=1.2/5.3

Weight of Common Equity=0.22

Therefore the weight on common equity will be 0.22

3 0
2 years ago
The U.S. award that recognizes firms that meet customer needs, produce high quality products and have high quality internal oper
telo118 [61]
That's the Malcom Baldrige National Quality Award!
6 0
3 years ago
Read 2 more answers
Harry has $4000 invested in two savings accounts. one account earns 6% interest per year, and the other pays 7% per year. if his
Gekata [30.6K]
0.07x+0.06 (4000-x)=264
Solve for x
X=2400 invested at 7%
8 0
3 years ago
George believes that Lillian is arrogant, because she is part of the LGP group. Because other members of the LGP group that Geor
slava [35]

Answer:

The correct answer is: The fallacy of composition.

Explanation:

The fallacy of composition refers to the usually mistaken idea that an individual has in which because a component of a whole is a certain way, the whole is that very certain way, too. The fallacy of composition is a simplified, subjective generalization that individuals come up with where there is not enough proof that the statement being provided is real.

Thus, <em>as George believes Lillian is arrogant because she is part of the LGP groups and George has met previous LGP members who are arrogant, he is assuming all LGP members are arrogant. George has fallen into the composition fallacy.</em>

5 0
3 years ago
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