Answer:
Following are the solution to this question:
Explanation:
In point 1:
Date Title post reference Dr. Cr.
30-sep Method work – refining 141 388000
Materials 131 385000
In point 2:
Date Title post reference Dr. Cr.
30-sep Method work – refining 141 141000
Payable Wages 251 141000
In point 3:
Date Title post reference Dr. Cr.
30-sep Method work – refining 141 96800
Factory overhead- refining 151 96800
In part B:
Date Title post reference Dr. Cr.
30-sep Method work – Sifting 142 625600
Method work – refining 141 625600
Answer:
is personally responsible for all partnership debts
Explanation:
COMPLETE QUESTION
A general partner:
is personally responsible for all partnership debts. has no say over a firm's daily operations. faces double taxation whereas a limited partner does not. has a maximum loss equal to his or her equity investment. receives a salary in lieu of a portion of the profits.
EXPLANATION
A general partner can be regarded as a person that joins with another person or join with more than one other person to form a business. A general partner is responsible for the actions that is been taken in the business, He or she is liable personally for all the debts as well as obligations in the business and can bind the business legally. It should be noted that A general partner is personally responsible for all partnership debts.
Let
Department 2 Machine hours Be x, and using the equation below.
<span>Find ATQ : </span>
<span> 5= (440000 + 245000) / (74000 + x)</span>
=>
370000 + 5x = 685000
=>x = 63000
Therefore,
there are 63,000 machine hours that the company expects in Department 2.
<span> </span>
Answer and Explanation:
The journal entry to record the flow of cost into department 3 is shown below
Work in Process - Department 3 $555,000
To Work in Process - Department 2 $555,000
(Being the flow of cost into department 3 is recorded)
For recording this we debited the work in process in department 3 as there is a flow and credited the work in process in department 2
The amount is came from
= $100,000 + $125,000 + $150,000 + $50,000 + $60,000 + $70,000
= $555,000
This is the answer but the same is not provided in the given options
The typical time frame for decisions at the strategic level is a strategic decision.
The strategic level makes a specialty of defining and assisting countrywide policy and relates immediately to the outcome of a war or other battle as an entire. generally, cutting-edge wars and conflicts are gained or lost at this level in place of at the operational or tactical levels.
Strategy can be formulated at three degrees, particularly, at the company level, the business level, and the functional degree. at the company degree, strategy is formulated for your organization as a whole. The corporate method offers decisions associated with various enterprise regions in which the firm operates and competes.
As an example, constructing on the diversification instance, the purposeful level strategies that aid that commercial enterprise stage method is probably: R&D: redesign product. advertising: put into effect a new advertising plan. manufacturing: Make adjustments to present infrastructure.
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