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neonofarm [45]
3 years ago
10

Every T account has two sides, credit and credit side.TrueFalse​

Business
1 answer:
ioda3 years ago
3 0

Answer:

False

Explanation:

The two sides are DEBIT and credit.

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The opportunity cost of a decision can be examined by using a
melomori [17]

Answer: Production Possibilities Graph.

Explanation: A production possibilities graph is a graph that helps to show the different ways in which economic resources can be used. It can only contain two products or resources in its graph. With  the production possibilities graph, an opportunity cost of a decision can be examined.

8 0
3 years ago
Which one of the following is something to look for in identifying a company's culture? A. the atmosphere, spirit and character
Tju [1.3M]

Answer:

A. the atmosphere, spirit and character that pervades the work climate and the values, business principles, and ethical standards that management preaches and practices

Explanation:

Culture is the normally acceptable social behaviour that is expected from someone in a group. It includes beliefs, knowledge, art, law, capabilities, and habits of the group.

The process by which the culture of a group is imbibed is through learning and socialisation.

The norm of a group is the acceptable way one is expected to behave in the group. Like the way one dresses and language.

A company's culture is expressed in the spirit and character that pervades the work climate and the values, business principles, and ethical standards that management preaches and practices.

6 0
3 years ago
Accounting Professionals Inc. experienced the following events in 2014, its first year of operation:1. Performed services for $2
Andrews [41]

Answer:

Explanation:

The accounting equation is presented below:

Particulars       Assets   =               Liabilities   =             Stockholders equity  

                        Cash     Supplies          Account payable              Retained earnings

1. Service

Performed       $20,000                                                                    $20,000

2. Supplies

Purchased                       $4,000             $4,000

3. Supplies

Used                              -$3,000                                                         -$3,000

Total               $20,000  $1,000              $4,000                               $17,000

6 0
3 years ago
Prepare the journal entries to record the assignment of direct materials and direct labor and the allocation of manufacturing ov
rosijanka [135]

Answer:

Note: The full question is attached below

Date      Accounts Title and Explanation        Debit     Credit

Mar-31   WIP-Fermenting Department            $15,971

                     Raw Material Inventory                                $9,288

                     Wages payable                                             $3,305

                     Manufacturing Overhead                             $3,378

              (Being cost assigned to WIP-Fermenting department)

3 0
2 years ago
A system of accounting for manufacturing operations that produces timely information about inventories and manufacturing costs p
sasho [114]

Answer:

The answer is cost accounting system.

Explanation:

Cost accounting is a tool that allows you to estimate the actual price of the products, which allows you to establish a profit margin for each unit sold. Depending on the activity of the company, several techniques are used such as production costing, process costing, standard costing, absorption costing, etc.

5 0
2 years ago
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