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2 years ago

Match each phrase that follows with the term (a–h) it describes.

Business

1 answer:

slavikrds [6]2 years ago

4 0

Answer:

1. G

2. D

3. A

4. H

5. E

6. B

7. C

8. F

Explanation:

1. First-in, first-out method: A process costing method that costs each period’s equivalent units of work with that period’s costs per equivalent unit

2. Equivalent units: Measure of the work done during a production period, expressed in terms of fully complete units of output

3. Direct labor and factory overhead: Conversion costs

4. Cost of production report: Summary of the activity in a processing department for a specific period

5. Process costing: Costing system used by a company producing computer chips

6. Direct labor and direct materials: Prime costs

7. Transferred-in costs: Costs incurred in a previous process that are carried forward as part of the product’s cost when it moves to the next department

8. Job order costing: Costing system used by a company producing custom window treatments.

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Mona is induced by her guardian Newt to sign a contract to invest her student loan funds in OptiBank through Newt's investment f

alukav5142 [94]

Answer:

A. Undue influence

Explanation:

Undue influence in law of contract is when a person uses his or her position of power to take advantage over another person. It is an act of influencing the other party in a contractual relationship. There must be a relationship between both parties before undue influence can take place.

In law of contract, if a person is a victim of undue influence, the person has the right to rescind the contract provided same can be proven in a court of law.

Example of undue influence is when a person is not given parts of properties due to him or her in a family's will, whereas he or she is entitled to it.

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3 years ago

A kind of annuity that consists of cash flows of equal amounts occurring at regular intervals and that continues indefinitely is

lozanna [386]

Payment is a type of annuity that comprises of equal financial flows that happen at regular periods and last forever.

Describe an annuity.

The goal of nationwide annuities is to increase your retirement income. They are long-term agreements with an insurance provider where you put money. You receive income in the form of recurring payments as compensation for your investment.

many annuity types

There are several different annuity product categories to pick from. Your financial professional can design a strategy to fit your unique objectives, whether you're searching for income possibilities, tools for legacy planning, or spousal protection.

to know more about annuity

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1 year ago

Racz describes a micromanager as a manager who doesn't give you a lot of breathing room. Micromanagers often stifle workers and

marusya05 [52]

Answer:

core competency

Explanation:

A core competency is a concept in management theory introduced by C. K. Prahalad and Gary Hamel. It can be defined as "a harmonized combination of multiple resources and skills that distinguish a firm in the marketplace" and therefore are the foundation of companies' competitiveness.

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3 years ago

Retained earnings a.over time will have a direct relationship with the amount of cash on hand if the corporation is profitable.

Gwar [14]

Answer:

d.is the cumulative total of net income, minus net losses, and minus dividends.

Explanation:

As we know that

The stockholder equity statement involves the common stock and the retained earnings statement

It is prepared to find out the ending balance of common stock and the retained earning that is shown below:

The ending balance of retained earning = Beginning balance of retained earnings + net income or minus net loss - dividend paid

And, the ending balance of the common stock = Beginning balance of common stock + issuance of the shares

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2 years ago

The entry to record the use of direct materials in production would include a A. credit to Finished Goods Inventory. B. debit to

earnstyle [38]

Answer:

B. debit to WIP inventory

Explanation:

The journal entry to record the usage of direct material in production is

Work in Process Inventory Dr.

To Raw Material Inventory

(Raw materials consumed recorded)

Raw material inventory is an asset. It's consumption should reduce it's balance. A debit increases an asset's balance while a credit reduces it's balance.

Work in process, like raw material is an inventory account i.e an asset. A debit increases their balance whereas a credit reduces it.

Here, raw materials i.e direct material have been issued for production, which would reduce their balance and increase the balance of work in process as finished goods are yet to be made.

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3 years ago