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Margarita [4]
3 years ago
13

Under the perpetual inventory system, in addition to making the entry to record a sale, a company would A. make no additional en

try until the end of the period B. record an increase in inventory corresponding to the cost of the inventory. C. record an increase in inventory corresponding to the amount of the sale. D. record a decrease in inventory and an increase in cost of goods sold for the cost of the merchandise sold.
Business
1 answer:
mr_godi [17]3 years ago
5 0

Answer:

D)record a decrease in inventory and an increase in cost of goods sold for the cost of the merchandise sold.

Explanation:

perpetual inventory system can be regarded as an inventory management method which involves the recording of real time transaction of stocks by application of technology , both sold and received stocks. This method has great efficiency compare to periodic inventory system. It should be noted that Under the perpetual inventory system, in addition to making the entry to record a sale, a company would record a decrease in inventory and an increase in cost of goods sold for the cost of the merchandise sold.

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During its first year of operations, Forrest Company paid $28,810 for direct materials and $49,900 in wages for production worke
Usimov [2.4K]

Answer:

18,900 units were produced during the period

Explanation:

General, selling, and administrative expenses does not make part of the Manufacturing Overhead Costs so the calculation of the units is as follow:

(Direct materials +  Wages for production workers +  Lease payments, utility costs, and depreciation on factory equipment) / the average cost to produce one unit

( $28,810 + $49,900 + $13,900) / $4.90 =  $92.610,00  /  $4.90 = 18,900

7 0
3 years ago
When a company puts its commitment to social and environmental responsibility into practice worldwide, not only locally or regio
Nookie1986 [14]

Global Corporate Citizenship is when a company puts its commitment to social and environmental responsibility into practice worldwide, not only locally or regionally.

<h3>What is Global Corporate Citizenship?</h3>

Global Corporate Citizenship are the concerted efforts companies make to contribute to the improvement and sustainability of their immediate environment and other environment.

Here, a company would put its effort to providing social and environmental duties.

Learn more about Global Corporate Citizenship here: brainly.com/question/14695520

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6 0
2 years ago
cYour company has used the same logo for years. A few weeks ago you decided it was time for a fresh look, so you hired a graphic
Masja [62]

Answer:

Implement her work

Explanation:

The best way to acknowledge her work would be to choose one of the designs that the designer has made and implement it as the official logo for your company in as many places as possible. Once you do this you can allow the designer to take pictures that she can then use in her portfolio as a satisfied big-name client. This can open up many doors for the designer as other big-name clients can then see her portfolio and know that she knows how to meet their demands successfully and provide real value to the company/client.

5 0
3 years ago
Corrigan, Inc. overstated the percentage of work completed with respect to conversion cost on the ending work-in-process invento
iris [78.8K]

Answer and Explanation:

The effect of this overstatement on Conversion cost equivalent units would be overstated and in physical units manufactured it would have no effect.

Conversion cost is the sum of Direct labor and Manufacturing overheads. Therefore, an overstatement in it would mean an overall overstatement in the Conversion cost equivalent units. However, this overstatement would have no affect on the physical units as it has not affected the physical units in any way.

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3 years ago
4. Economists measure opportunity cost
erastovalidia [21]

Answer:

Option A is the correct answer.

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3 years ago
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