Answer:
Debit: Work in Process Inventory $550
Credit: Actual Indirect Material Costs $550
<em>Transferred Raw Material to Production.</em>
Explanation:
Material Requisition is form in which a production department requests a Raw Material Department to release the Raw Material into a Production Phase.
The Indirect Material costs are those which are not easily identified and are not usually a part of finished good or end product.
The Cost of Actual Indirect Material is given so we can have the above Journal entry for material requisition.
Answer:
Explanation:
Some people need to drive to work in far places, and they can not afford to take public transportation every day. Others may be in High School and want a car to go to school, but they will be fine without having one.
Answer:
C) small part of household wealth, and so the interest-rate effect is small.
Explanation:
During 2011 the per capita holdings of US dollars amount to only $2950, compared to the GDP per capita of $49,794 it is not a significant amount. Some government agencies estimate that nearly 2/3 of all $100 bills are held in foreign countries.
The decrease in money holdings can be attributed to an increase in the use of banking services, especially an increase in the use of debit cards, but also credit cards and checks.
The fund that has the lowest average expense ratio from the given options is an Indexed fund.
<h3>Why are expense ratios for Indexed funds so low?</h3>
Index funds are funds that invest on a particular index such as the S&P 500 Index which follows the 500 companies on the S&P.
The way these funds work is by investing on a certain index entirely and then leaving the investment to run on its won based on the returns of the index that was invested in.
Because these funds just follow an index, they do not need people to monitor them and make analysis that will lead to higher returns for investors.
As a result of this, the overhead attached as a result of wages for analysts is reduced. With the total expenses being reduced, so also will the average expense ratio.
In conclusion, the fund that generally has the lowest average expense ratio is the indexed find.
Find out more on indexed funds at brainly.com/question/7804398
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