Which of the following statements is incorrect?

At one time there were many farm cooperatives, but more recently other forms of business ownership have replaced them. True

Vlad [161]

Answer:

The statement is: False.

Explanation:

Farm cooperatives in the United States represent an increasing industry. It is a fact that the number of farm cooperatives has declined but their size has expanded. The main activities have taken place in states such as Washington, Minnesota, and North Dakota because they are surrounded by countries easier for cooperatives to introduce their crops.

8 0

3 years ago

The placing of direct materials into the production process is recorded by an entry debiting:_________.A. Materials Expense.

Alik [6]

Answer: C. Work in Process Inventory.

Explanation:

When Raw Materials are purchased they are simply put into the Materials Account.

When the company needs to start working on them however, they will transfer the raw materials to the Work in Progress account which records the Direct Materials and Direct Labor that are used in the Production process. By Debuting this account they indicate that the materials in it have increased.

5 0

3 years ago

________ is the stage of the new-product process that involves exposing actual products to prospective consumers under realistic

Dmitriy789 [7]

Answer:

Market testing

Explanation:

Market testing is the stage of the new-product process that involves exposing actual products to prospective consumers under realistic purchase conditions to see if they will buy.

This is done in order to prepare the product according to the market it is being launched in. It helps the product developers to get rid of any loopholes that might hinder the success of the product in a specific market.

8 0

3 years ago

Journalize the following five transactions for Nexium & Associates, Inc. Omit explanations.March 1 - Bills are sent to clien

emmasim [6.3K]

Answer: Please find answers in explanation column

Explanation:

Journal entry for Nexium & Associates

1.Journal to record Services provided in February.

Date Account Debit Credit

March 1 Accounts receivable $800

Service revenue $800

2.Journal to record purchase of furniture and supplies on account.

March 9 Office furniture $1,060

Office supplies $160

Accounts payable $1,220

3.Journal To record payment made to suppliers, Corner Office Inc.

March 15 Accounts payable $1,220

Cash $1,220

4.Journal To record the bill of electricity for march which is not yet due to be paid till April.

March 23 Electricity expense $430

Outstanding Liabilities $430

5.Journal To record the salary payment to employees.

March 31 Salaries expense $850

Cash $850

3 0

3 years ago

You are the financial manager of the Crossrail 1 project in London. The Board overseeing the project, acting on behalf of the UK

-BARSIC- [3]

Crossrail 1 project is about to start in London.

This project will require an initial investment of 9.4 billion. The project will start earning cash flows from year and it will continue to year 60 which is useful life of the project.

The NPV for the project will be 7.36 which is positive. The correct answer is c.

The payback period for project is 13.04 years which is given in the option a so correct answer is a.

The internal rate of return for the project is b. 7.35 .

Based on our analytics and calculation since NPV is positive so cross rail project is beneficial. The board should consider launching this project.

Learn more at brainly.com/question/24353321

8 0

3 years ago