Answer:
The retail sector consistently accounts for around 5% of Gross Value Added in the UK economy. 14% of all UK investment made by large non financial-sector firms is made by large retailers. Retailers purchase around £180bn worth of goods for resale, supporting £47bn of output from other sectors.
Currency exchange rates based on many different factors. These factors are interest rates, inflation, public debt, deficits, terms of trade and political stability or the economic performance. Due to the many factors that affects currency exchange rate, it is almost impossible to predict where it is heading.
Usually cash income, or letter C, is
It doesn't take that long to be honest, I got mine in a week
Answer:
Journal 1
Direct Materials $49750 (Debit), Indirect Materials $3700,(Debit) Direct labor $ 51000 (Debit), Indirect labor $ 2500 ( Debit), Manufacturing Overhead Account $106960 (Credit)
Journal 2
Manufacturing Overhead Account $106960 (Debit), Accounts Payable $106960
Explanation:
Journal 1
Materials and Labor (both direct and indirect) resource acquired shows an accumulation of resources needed for manufacturing process.
Therefore these resources are being recorded in their respective accounts and transferred to manufacturing overhead account.
Journal 2
Both materials and Labor acquired for manufacturing process are still owing.The journal represent a present obligations in settlement of the Manufacturing overhead (Both for Materials and Labor)
