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Tresset [83]
2 years ago
13

A ____ is a document from a bank guaranteeing that a seller will receive payment in full as long as certain delivery conditions

have been met *
Bill Paper
Letter of credit
Agreement
Business
1 answer:
Katen [24]2 years ago
7 0

Answer:

Letter of Credit is the correct answer.

Explanation:

You might be interested in
A company using the periodic inventory system has inventory costing $142 on hand at the beginning of a period. During the period
Fantom [35]

Answer:

$174

Explanation:

The computation of the cost of goods sold is shown below:

As we know that

Cost of goods sold = Opening inventory + Purchase - ending inventory

= $142 + $432 - $400

= $174

By adding the purchase of merchandise and deducting the ending inventory from the opening inventory we can get the cost of goods sold and the same is to be applied

Hence, the cost of goods sold is $174

6 0
3 years ago
Wilturner Company incurs $88,000 of labor related directly to the product in the Assembly Department, $37,000 of labor related t
Kazeer [188]

Answer:

Explanation:

The journal entry that would include is shown below:

Work in Progress inventory A/c Dr           $125,000

Factory overhead A/c   Dr                         $24,000

(Being labor cost is recorded)

The computation is shown below:

Work in progress = Labor expenses + whole labor expenses

                             =$88,000 + $37,000

                             = $125,000

The labor expenses are directly related to the product which means it is a direct cost

And, the whole labor expense is considered to be the overhead cost as it is not directly related to the product

And, the $24,000 is also considered as an overhead cost because it is used in both the departments so it is come under the factory overhead account

4 0
3 years ago
Suppose you're in charge of establishing economic policy for this small island country. Which of the following policies would le
Rom4ik [11]

Answer:

Encouraging saving by allowing workers to set aside a portion of their earnings in tax-free retirement accounts

Explanation:

Productivity increases when human capital increases due to higher education and training, when physical capital increases due to higher investments or when new technological breakthroughs increase productivity.

By encouraging savings, investments will increase as well as physical capital which results in an increase in productivity.

4 0
3 years ago
In the month of October, Tran Incorporated had salaries of $15,000 for factory managers, $18,000 for financial managers, and $42
Sloan [31]

Answer:

The correct answer is C.

Explanation:

Giving the following information:

$15,000 for factory managers

$18,000 for financial managers

$42,000 for company executives.

$98,000 for factory workers

$64,000 for office workers.

To calculate the labor cost we need to separate between indirect and direct labor:

Indirect labor:

Factory managers (manufactury overhead)= 15,000

Direct labor:

Factory workers= 98,000

Total labor cost= $113,000

7 0
3 years ago
Harry was unable to complete a task assigned to him by his superior. He also refused to work overtime. Consequently, Harry's sup
Svetlanka [38]

Answer:

self-managing team.

Explanation:

Harry is not a team player.

5 0
3 years ago
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