Extra units that are held in inventory to reduce stock outs are called just-in-time inventory. The term inventory refers to both the raw materials utilized in production and the finished commodities that are ready for sale. The first-in, first-out method, the last-in, first-out approach are used for inventory valuation.
Inventory turnover is a major contributor to revenue production and, subsequently, to profits for the company's shareholders, making it one of a company's most valuable assets. Work-in-progress items, finished goods, and raw materials make up the three categories of inventory. It is classified as a current asset on the asset side of a company's balance sheet.
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Answer: Option C
Explanation: The unemployment rate refers to the proportion of the unemployed workforce, calculated as a percentage.
This is considered as a lagging indicator, which means this normally goes up or down in the midst of response to changing circumstances instead of predicting them. The unemployment rate could be expected to increase when the economic situation is in bad condition and job opportunities are scarce.
In order to evaluate the jobless rate, the amount of unemployed individuals is measured by the number of working and unemployed individuals in the total labor force.
Answer:
A. Accounts receivable will be debited by $7,200.
Explanation:
Accounts receivable is the payments that customers owe to a business. It arises when a business sells goods to customers of credit. Accounts receivables are current assets as they represent money that the business expects to receive in the short term.
Recording the transaction for accounts receivable follows the principle for recording assets transactions. An increase in assets is debited. The accountant will debit accounts receivable by an amount of $7200.
Answer: A. is an institution that brings together buyers and sellers.
Explanation: A market is an institution that brings together buyers and sellers of goods and services.
A market can also be said be a place where goods and services are exchanged and where buyers and sellers interact.
A market can be face to face or virtual (online).
Answer:
The correct answer is D.
Explanation:
Giving the following information:
Mira has saved $25,000 over the years and she has the option of investing it in either of the two investment plans. Investment A offers 12 percent interest compounded monthly, whereas Investment B pays 13 percent interest compounded semiannually.
Investment A:
PV= 25,000
n= 7*12= 84
i=1% monthly
FV= PV*(1+i)^n
FV= 25,000*1.01^84= $57,668.07
Investment B:
PV= 25,000
n= 14
i= 6.5% semianually
FV= 25,000*1.065^14= $60,371.86
The difference is $2,703.79