When an account payable is paid off in full, an entry is journalized that credits

Goods that are partially completed by a manufacturer are a.work in process inventory b.materials inventory c.merchandise invento

baherus [9]

Answer:

a. work in process inventory

Explanation:

In Business, an inventory is a term used to describe a list of finished goods, goods still in the production line and raw materials that would be used for the manufacturing of more goods in a bid to meet the unending consumer demands.

Simply stated, an inventory can be classified into three (3) main categories; finished goods, work in progress, and raw materials.

An inventory is recorded as a current asset on the balance sheet because it's primarily the most important source of revenue for a business entity.

Also, the three (3) main cost concept associated with an inventory are;

1. First In First Out (FIFO).

2. Last In First Out (LIFO).

3. Weighted average cost.

Goods that are partially completed by a manufacturer are work in process (WIP) inventory.

8 0

3 years ago

Identify the differences between the United States experiences during the Great Depression and the financial crisis of 2007-2009

PilotLPTM [1.2K]

Answer: The correct options are;

Option C

Option E :

Explanation:

The recent crisis led to more debt to GDP ratio jumped from 69% in 2008 to 79% in 2009. This level is higher than the maximum in the Great Depression and the increase in percentage points over two years is the same as that over six years during the great depression

Also,

The banking system was not hit hard during the great depression because the central banks of different countries were less coordinated, had different

objectives and policy instruments and some countries still had obligations and/or debts from

World War I. All countries had separate currencies, and lenders of last resort did not exist to

the extent they do today.

According to a discussion paper titled "The Great Recession versus the Great Depression: Stylized Facts on Siblings That Were Given

Different Foster Parents".

8 0

3 years ago

Select the items that describe what most likely happens when the Federal Reserve increases the money supply (and people are conf

inessss [21]

Select the items that describe what most likely happens when the Federal Reserve increases the money supply (and people are confident in the economy).

Consumption increases and interest rates fall.

If there is more money in the economy, then there is an increase in the money supplied and consumed. Due to more being available to 'claim' more people are working and buying items they may not have otherwise and the interest rates start to fall because people aren't borrowing as much.

4 0

3 years ago

Read 2 more answers

Assume that only purchasing costs are being considered. Compute the total processing time required for each machine type to meet

nikklg [1K]

Answer:

The question is incomplete.

Explanation:

The question is incomplete, please refer below the complete question.

A manager must decide which type of machine to buy, A, B, or C. Machine costs (per individual machine) are as follows:

Machine Cost

A $40,000

B $30,000

C $80,000

Product forecasts and processing times on the machines are as follows:

Product Annual Demand Processing time per unit (minutes)

A B C

1 16,000 3 4 2

2 12,000 4 4 3

3 6,000 5 6 4

4 30,000 2 2 1

Assume that only the purchasing cost is being considered. Compute the total processing time required for each machine type to meet demand, how many of each machine type would be needed, and the resulting total purchasing cost for each machine type. The machines will operate 8 hours a day, 200 days a year.

Total Processing Time in Minutes per Machine

Number of each machine needed and total purchasing cost

Answer:

Total Processing Time in Minutes per Machine

Total time = Total demand for each product * Processing time

Machine A:

(16 , 000 ∗ 3 ) + (12 , 000 ∗ 4) + (6 , 000 ∗ 5) + ( 30 , 000 ∗ 2) = $ 186 , 000

Machine B:

(16 , 000 ∗ 4) + (12 , 000 ∗ 4) + (6 , 000 ∗ 6) + (30 , 000 ∗ 2) = $ 208 , 000

Machine C:

(16 , 000 ∗ 2) + (12 , 000 ∗ 3) + (6 , 000 ∗ 4) + (30 , 000 ∗ 1) = $ 122 , 000

Number of machines needed and total purchasing cost

Number of machine = Total processing time / Time available

Time available = Number of days * Hours per day * 60

Machine A:

Number of machine = 186 , 000 / (200 ∗ 8 ∗ 60)

Number of machine = 2 (Round off)

Machine B:

Number of machine = 208 , 000 / (200 ∗ 8 ∗ 60)

Number of machine = 2 (Round off)

Machine C:

Number of machine = 122 , 000 / (200 ∗ 8 ∗ 60)

Number of machine = 1 (Round off)

Machine cost:

Machine cost = Cost per machine * Number of machines

Machine A:

2 ∗ $ 40 , 000 = $ 80 , 000

Machine B:

2 ∗ $ 30 , 000 = $ 60 , 000

Machine C:

1 ∗ $ 80 , 000 = $ 80 , 000

3 0

4 years ago

Intermediaries in indirect channels of distribution: a. Often perform functions that producers cannot perform efficiently by the

alukav5142 [94]

Answer:

A. Often perform functions that producers cannot perform efficiently by themselves.

Explanation

indirect distribution channel of distribution can be regarded as one that depends on intermediaries in order to carry out most or all of their functions of distribution , they are regarded as wholesaler. indirect distribution can also be explained as selling of wholesale producys to the agents/retailers in order for them to distribute the product so it can get to consumers. It should be that Intermediaries in indirect channels of distribution Often perform functions that producers cannot perform efficiently by themselves.

3 0

3 years ago