Answer:
It will be used to determine the balance of inventory accounts
Explanation:
A production cost detail shows in detail the total cost of producing a product. It includes raw materials as well as operating costs. Product costs would be recorded as a current asset on the balance sheet until the goods have been sold. As an asset, it can either be:
- raw materials inventory,
- work-in-progress inventory,
- finished goods inventory, which would be dependent on how far towards completion the product is.
Answer:
1. Debit Cash account $1,900
Credit Accounts receivable $1,800
Credit Interest Income $100
2. Debit Accounts receivable $330
Debit Bank charge $50
Credit Cash account $380
Explanation:
The bank reconciliation is one done between the balance per the books and balance per the bank statement. This is usually as a result of transactions known as reconciling items. These are items that have either been recognized in books but yet to be recorded by the bank or vice versa, transactions recorded wrongly by one of the parties etc.
Considering the transactions that are the reconciling items in the question, the transactions that will;
Increase cash are a customer's note receivable collected by the bank $(1,800), and interest earned $(100)
Decrease cash balance are bank service fees ($50), and an NSF check from a customer ($330)
A debit card is a form of bank service which automatically takes money out of the checking account at this point-of-sales.
A debit card is called as such because whenever transactions are paid using debit card, every time the card is swiped, the amount swiped will automatically be debited from the checking account. The debit card is limited to the cash that is available in the checking account.
Fess wages $74500
Net self employ $51300
Fess must count $39,200 of the taxable self employment income for the OASDI tax _______
125,800 First
First $113700
(125,800)
_________
12,100
-
Correct Answer: $39,200
($113,700 - $74,500)
The product-market combination that has the greatest potential is B. Fashion items to the younger segment.
It should be noted that the potential of a particular product can be determined based on the people that the product is designed for.
In such a case, a product that's designed for the younger generations will attract more customers since younger people generally like things that are trendy.
Therefore, in this case, the fashion items for the younger segment have more potential.
In conclusion, the correct option is B.
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