Answer:
Dr Work in Process 574,000
Dr Manufacturing Overhead 163,000
Cr Wages Payable 737,000
Explanation:
Preparation of the journal entry to record the direct and indirect labor costs incurred during the year
Based on the information given the appropriate journal entry to record the direct and indirect labor costs incurred during the year will be :
Dr Work in Process 574,000
Dr Manufacturing Overhead 163,000
Cr Wages Payable 737,000
(574,000+163,000)
(Being to record direct and indirect labor costs incurred )
Answer:
acceptable.
Explanation:
Project management can be defined as the process of designing, planning, developing, leading and execution of a project plan or activities using a set of skills, tools, knowledge, techniques and experience to achieve the set goals and objectives of creating a unique product or service.
Generally, projects are considered to be temporary because they usually have a start-time and an end-time to complete, execute or implement the project plan.
The net present value (NPV) of a project can be defined as the difference between present value of cash-inflow into a project and that of cash-outflow over a specific period of time. Thus, it is simply the value of all cash-flows for a project with respect to its life span.
A project with a zero net present value indicates that it is acceptable.
This ultimately implies that, investors and project managers are advised to only invest in projects that are having a positive net present value that is greater than or equal to zero.
Answer: Check explanation
Explanation:
a. Since Amy bought the equipment for $3700 and sold the equipment for $690, the amount that Amy can deduct for the loss of the equipment will be:
= $3700 - $690
= $3010
b. Here, the amount that Army can deduct for the loss of equipment will be the lesser of the amount Amy bought the equipment which is $3700 or the cost of the repair which is $1370.
Therefore, $1370 will be deducted.
c. After the accident, Army could not replace the equipment so she had the equipment repaired for $4,300. What amount can Army deduct for the loss of the equipment?
Here, the amount that Army can deduct for the loss of equipment will be the lesser of the amount Amy bought the equipment which is $3700 or the cost of the repair which is $4300.
Therefore, $4300 will be deducted.
If a company sells a product at a price that is less than the cost of producing the product, then it is engaged in dumping.
<h3>What do you mean by a Product?</h3>
A product refers to any product, goods, or services intended for sale purposes. Goods, services, experiences, shopping, convenience, specialty goods, consumer goods, and industrial goods are the different types of products.
Dumping refers to when a company or country exports a product that is lower in the foreign market than the domestic export market. According to World Trade Organization, dumping is legal.
Therefore, Dumping is when a company sells a product that is lower than the cost of producing the product.
Learn more about the product here: brainly.com/question/22852400
#SPJ1
Answer: Destination Contract.
Explanation:
Destination Contract is a contract for the sale of goods, in which the seller is required or authorized to ship the goods by carrier and tender delivery of the goods at a particular destination.
The seller assumes liability for any losses or damage to the goods until they are tendered at the destination specified in the contract.
The seller bears the risk of loss until he completes his delivery requirements as stated under the destination contract. If the goods are destroyed or damaged while in transit to buyer, the seller bears the loss.
After the delivery company has delivered the goods at the buyer’s location, then the seller is no longer liable for any damages after that.
