I'm not quite sure if I understand what you are asking. Buttttt if you're asking what I think then the answer is yes
Answer:
Results are below.
Explanation:
Giving the following information:
Each sculpture requires 8 pounds of direct materials for $2 per pound
The company's policy is to maintain direct materials inventory equal to 20% of the next month's materials requirement.
Beginning inventory= 6,180 pounds
<u>To calculate direct material purchases, we need to use the following formula:</u>
Purchases= production + desired ending inventory - beginning inventory
<u>March:</u>
Purchases= 4,100*8 + (4,700*8)*0.2 - 6,180
Purchases= 34,140 pounds
Direct material busget= 34,140*2= $68,280
<u>April:</u>
Purchases= 4,700*8 + (5,500*8)*0.2 - 7,520
Purchases= 38,880
Direct material budget= 38,880*2= $77,760
Answer:
is a time deposit of money in an international bank located in a country different from the country that issued the currency.
Explanation:
In economics or financial accounting, money can be defined as any asset used by an individual or business entity to make purchases of goods and services at a specific period of time.
Simply stated, money refers to any asset which can be used to purchase goods and services by customers.
This ultimately implies that, money is any recognized economic unit that is generally accepted as a medium of exchange for goods and services, as well as repayment of debts such as loans, taxes across the world.
Additionally, the rate at which an asset can be used to purchase any goods or services refers to its liquidity. Thus, liquidity is a quality or characteristics of money as a medium of exchange. Therefore, money is a generally accepted medium of exchange around the world.
The three (3) main functions of money all over the world are;
I. Medium of exchange.
II. Unit of account.
III. Store of value.
The European System of Central Banks (ESCB) which was established under the Treaty on European Union (TEU).
It comprises of the European Central Bank (ECB) and the national central banks of all the 27 European Union (EU) member states, irrespective of adopting the Euro (£) or not. This has helped the European Union (EU) member states to achieve tight corporations and memorandum of understanding (MOUs) such as TARGET2 (single payment system).
Eurocurrency is a time deposit of money in an international bank located in a country different from the country that issued the currency.
This statement is true. The amount the shareholder has paid
for the stock he owns is the amount of potential loss he can incur as a result
of being an owner in a corporation. The creditor of the company cannot run to
the personal properties of each shareholder. This condition makes the
corporation differ from partnership.
Answer:
$1,500
Explanation:
Data provided:
operation's Beginning Inventory = $15,000
Purchases = $21,500
Ending Inventory for the period = $14,000
Total Cost of Sales = $21,000
Now,
The amount of this operation's Employee Meals in the period
= Beginning Inventory + Purchases - Ending Inventory - Total Cost of Sales
= $15,000 + $21,500 - $14,000 - $21,000
= $1,500
