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MArishka [77]
3 years ago
11

The appropriate journal entry to transfer the cost of completed units from the Work in Process account would involve a credit to

Work in Process and a debit to which of the following accounts?
a. Income Summary
b. Raw Materials Inventory
c. Finished Goods
d. Manufacturing Summary
Business
1 answer:
IgorLugansk [536]3 years ago
8 0
Ig a……………………………………….
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The Seven Steps to Move into a New Field
mylen [45]

Answer:

what? I'll answer in comments if this is a mistyped question

3 0
2 years ago
When the price of candy bars is $1.00, the quantity demanded is 500 per day. When the price falls to $0.80, the quantity demande
Wittaler [7]

Answer:

The demand for candy bars is inelastic

Explanation:

The midpoint rule calculate the price elasticity of demand as percentage change in quantity divided by the percentage change in price:

<u>% change in quantity </u>

\frac{Q_2-Q_1}{ \frac{Q_2 + Q_1}{2} }  \times 100

The quantity demanded increased from 500 to 600. We have

Q_1 = 500 \: and \: Q_2 = 600

\implies \frac{600 - 500}{ \frac{600 + 500}{2} }  \times 100 \\  =  \frac{100}{ \frac{1100}{2} } \\  =  \frac{100}{550} \\  =  \frac{2}{11}

<u>% change in price</u>

\frac{P_2-P_1}{ \frac{P_2 + P_1}{2} }  \times 100

The price changed from 1 dollar to 0.8 dollars.

\frac{0.8 - 1}{ \frac{0.8 + 1}{2} } =  -  \frac{2}{9}

Price elasticity if demand is

\frac{ \frac{2}{11} \%}{  - \frac{2}{9} \%}  =  -  \frac{9}{11}  =  - 0.82

The negative sign tells us that there is an inverse relationship between price and quantity demanded.

Since 0.82 is less than 1, the demand for candy bars is inelastic

5 0
3 years ago
Which one of the following is not one of the four most common ways people can save money in banks?
marysya [2.9K]

Answer:

Fractional Reserves

Explanation:

Banks are required to hold money to lend out. If you deposit $100 into your account that is $100 for the bank to lend that money out to ones who need it.

6 0
3 years ago
Sorenson LLC, a publicly traded company, has ten members on its board. Of the ten members, six members are employees of the comp
Vesnalui [34]

Answer:

D. 7

Explanation:

Based on the information provided within the question it can be said that they need to appoint a total of 7 outside board members to achieve board independence. This is because in order to achieve board independence the board needs to consist of more members that are not employees than those who are. This is because votes need to be made in accordance to what is best for the company and shareholders, which may not always be best for the employees. Therefore when voting the employees may be biased.

8 0
3 years ago
Jane currently has $5,000 in her savings account and $2,000 in her checking account at the local bank. Instructions: Use a posit
diamong [38]

Answer:

Change in M1 $400

Changd in M2 $0

Explanation:

The money which is been held by individuals in savings accounts is part of the M2 money supply, but its not part ofthe M1 money supply.

Hence when Jane withdraws $400 cash from her savings account,the M1 money supply will increases by $400. However, the M2 money supply does not tend to change reason been that the M1 money supply is included as part of the M2 money

Change in M1 $400

Changd in M2 $0

7 0
3 years ago
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