FIRST ANSWER GETS BRAINLIEST!!!!!!!

During fiscal 2016, Shoe Productions recorded inventory purchases on credit of $337.8 million. The financial statement effect of

Elanso [62]

(C) Increase liabilities (Accounts payable) by $337.8 million.

<h3>What is inventory?</h3>

Inventory, often known as stock, refers to the items and supplies that a company keeps for the purpose of resale, manufacturing, or use.
Inventory management is largely concerned with establishing the shape and positioning of stocked products.

<h3>What is purchasing on credit?</h3>

A credit buys, sometimes known as purchasing anything "on credit," is a purchase made today that will be paid for later.
When you use a credit card, for example, your financial institution pays for the products or services upfront and then collects the payments from you later.
Purchase on credit refers to an increase in liabilities.

Therefore, the correct option is (C) Increase liabilities (Accounts payable) by $337.8 million.

Know more about credit here:

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7 0

2 years ago

Maxine wishes to purchase a pair of running shoes made by her favorite brand. Her budget is limited, and she notices shoes made

quester [9]

Most likely D because sale prices especially on retail will not last forever.

8 0

3 years ago

Cost of Units Completed and in Process

MA_775_DIABLO [31]

Answer: Costs of units started and completed: you will take the equivalent units calculated for units started and completed x the cost per equivalent unit for materials, labor and overhead (or conversion). The sum of these 3 will be the cost of units completed and transferred which is also known as cost of goods manufactured

Explanation:

8 0

3 years ago

The following partially completed process cost summary describes the July production activities of Ashad Company. Its production

Gelneren [198K]

Answer:

Explanation:

We solve this prblem in three steps

Step#1

In this step we will prepare the summary of units produces and trasffered and units in closing stock

Opening units 8000

Started 133000

141000

Transffered 122000

Closing 19000

Step#2

We will prepare production and cost table, total cost will be divided by the total units produced to identify the cost per unit incurred on material, labor and overheads.

Cost opening Current Total Complete Closing Equiv. Cost

Head Cost Cost Cost units WIP Units Per unit

Material 38,600 751,000 789,600 122,000 19,000 141,000 5.6000

Labor 1,480 138,820 140,300 122,000 13,300 135,300 1.0370

O.H 2,960 267,640 270,600 122,000 13,300 135,300 2.0000

Step-3

In this process we will calculate the cost incurred during the period.

Complete 122,000 8.64 1,053,708

Closing Wip

Material 19,000 5.60 106,400

Labor 13,300 1.04 13,792

Overheads 13,300 2.00 26,600

146,792

Total Cost 1,200,500

4 0

3 years ago

If a manager considers one employee at a time and circles a number/word to signify the degree to which that employee demonstrate

pochemuha

The manager is likely using a graphic rating scale when assessing his employees. The graphic rating scale is a way of having to rate the traits of an individual and a way of having to quantify the behaviors of the individuals that are employed.

8 0

3 years ago