All categories

3 years ago

[The following information applies to the questions displayed below.]

Business

1 answer:

makvit [3.9K]3 years ago

8 0

Answer:

A. Dr Raw meat Inventory 120,000

Cr Cash 120,000

B. Dr Indirect Materials $186,000

Cr Raw Materials $186,000

C. Dr Direct Materials $15,000

Cr Raw Materials $15,000

Explanation:

Preparation for the journal entries for the above transactions for the month of May.

Dr Raw meat Inventory 120,000

Cr Cash 120,000

(Being to record Raw materials purchases for cash)

B. Dr Indirect Materials $186,000

Cr Raw Materials $186,000

($201,000 - 15,000)

C. Dr Direct Materials $15,000

Cr Raw Materials $15,000

You might be interested in

What are 3 ways that the brain learns

bonufazy [111]

✿━━━━@♥ℳg━━━━✿

<h2> $\boxed{Explained\:Answer}$ </h2>

______________________________

✿━━━━@♥ℳg━━━━✿

It performs higher functions like interpreting touch, vision and hearing, as well as speech, reasoning, emotions, learning, and fine control of movement.

Brain is the main controlling part of nervous system.

Brain controls basic body functions like breathing,heart rate,blood pressure

3 0

3 years ago

Read 2 more answers

Which of the following situations represents financially responsible choices? Select all that apply.

Gnom [1K]

<span> making on time payments on a debt
</span><span> purchasing a large kitchen appliance with cash
</span><span> saving 25% of every paycheck</span>

5 0

3 years ago

Read 2 more answers

If a concession stand received $5,550 in gameday sales, and its profit for the event was $3,330, what were the expenses?

frez [133]

Answer: $1,110 .

Explanation:

Given : Amount received by concession stand in gameday sales = $5,550

i.e. Gross income = $5,550

Profit for the event = $3,330

i.e. Net income =$3,330

According to the Net income formula ,

Gross income - expenses = Net income

⇒ Expenses = Gross income - Net income

⇒ Expenses = $5,550- $3,330

⇒ Expenses = $1,110

Thus , the expenses were $1,110 .

3 0

3 years ago

Why should policies that attempt to create a ladder of opportunity be carried out in the spirit of open-mindedness? Select all t

OverLord2011 [107]

Answer:

b. Such policies have the potential to equalize society.

Explanation:

Open mindedness policy means giving fair and equal opportunity to all and sundry without being bias. When considering open mindedness policy, information is shared to everyone without considering race, religion background or educational qualifications.

Open mindedness accepts people from diverse background and tends to listen first before judging. It also consider opinions from all side without segregation. Although this is the right thing expected but the result is usually not the case.

Unlike close mindednes which restrict information thereby limiting opportunities, open mindedness helps one to learn, unlearn, relearn and grow. It also comes with being honest-thats who you are.

Thus when policy is enacted on open mindedness, it has potentials to equalize the society.

4 0

3 years ago

Assume that we use a perpetual inventory system and that five identical units are purchased at the following dates and costs: Ap

quester [9]

Answer:

Cost of goods sold on April 25 is $13.80 and the inventory balance is $55.20

Explanation:

Data given:total unit

Cost of purchase with data;

Date Amount

April 5 $10

April 10 $12

April 15 $14

April 20 $16

April 22 $17

Total cost 69

Average cost = total cost /total quantity

= 69/5

=13.8

The cost of the ending inventory is given on the balance sheet below

Date Purchases Cost of Inventory Bal. Avg Cost

goods sold

April 5 $10* 1 unit= $10 - $10 10/1 = $10

April 10 $12* 1 unit=$12 - 10+ 12 = 22 22/2 = 11

April 15 $14* 1 unit=$14 - 22+14 =36 36/3 = 12

April 20 $16* 1 unit= $16 - 36 +16 =52 52/4 = 13

April 22 $17* 1 unit = $17 - 52+17 =69 69/5 = 13.8

April 25 - 1 unit*13.8 = 13.80 69 - 13.8 = 55.20

5 0

3 years ago