<span>The three types are Pass Bill, More importance to Funding to foreign aid and work with other government and international organisations.
The fist one pass bill, US government always take responsibility to pass bill to reduce global poverty. The second one concentrate on foreign funding is increased by getting more donors is used to develop the nations. The last one is work with others, supports collaborations and partnership is used to give more power to the US.</span>
Answer:
1.prove the equality of the debit and credit amounts after posting.
Explanation:
There are two columns in the trial balance, called debit columns and columns of credit. The total columns of debit and credit should always equaled. The debit columns report assets and expenditures side while profits, stockholder equity, and the liability side are reported in the credit column.
Its main purpose to equate and the prove the both side of the columns after posting of transactions
Answer:
The answer is C. longer inventory sits on the firm's shelves
Explanation:
The Inventory turnover is the number of times inventory is sold or used during a given period of time.
The formula is:
cost of goods sold/average inventory.
A lower inventory turnover means weak sales(declining sales) and excess inventory remaining in the warehouse while a higher inventory turnover means it is taking a firm short time to sell its goods(inventory)
Answer:
Jan. 22
Dr Cash $7,140,000
Cr Common Stock $6,300,000
Cr Paid in capital in excess of par $840,000
Feb. 27
Dr Cash $180,000
Cr Preferred Stock $135,000
Cr Paid-In Capital in Excess of Par-Preferred $45,000
Explanation:
Preparation of the entries for January 22 and February 27.
Jan. 22
Dr Cash $7,140,000
(210,000*$34)
Cr Common Stock $6,300,000
(210,000*$30)
Cr Paid in capital in excess of par $840,000
($7,140,000-$6,300,000)
Feb. 27
Dr Cash $180,000
(15,000*$12)
Cr Preferred Stock $135,000
(15,000*$9)
Cr Paid-In Capital in Excess of Par-Preferred $45,000
($180,000-$135,000)
Answer:
Materials
62,000 equivalent units
Conversion
42,800 Equivalent untis
Cost of finished Goods
38,000 x (.75 + .55) = 38,000 x 1.3 = $49,400
WIP
24,000 x .75 = 18,000
4,800 x .55 = 2,640
Total WIP 20,640
Explanation:
Equivalent Units
38,000 complete
20% of 24,000 WIP = 4,800
Equivalent Units CC = 42,800
x .55 CC = 23540
Materials
62,000 x .75 = $46,500
