Answer:
Explanation:
The journal entry is shown below:
Finished goods A/c Dr XXXXX
To Work in progress A/c - Waterproofing XXXXX
(Being the completion of the production is recorded)
Since there are 2 steps to make the finished good. The first one is raw material and then process the raw material which we called work in progress account, After processing the product, the goods are ready to the sale which we called finished product.
So, we debited the finished goods account and credited the work in progress account
Answer:
Net income year 2 = $21,300
Explanation:
I looked for the missing information and found this:
Year Depreciation overstated Prepaid expense omitted
1 $2,500 $2,000
2 $4,000 $2,700
If your question doesn't include the same values, just adjust the answer.
Year 2's net income = net income (year 2) + overstated depreciation (year 2) + omitted prepaid expenses (year 1) - omitted prepaid expenses (year 2) = $18,000 + $4,000 + $2,000 - $2,700 = $21,300
In the problem, the given data is the mean and the
variance. Now to solve this problem, we must remember that the formula for
variance is:
Variance = s^2
Where s is equivalent to the standard deviation,
therefore:
s = sqrt (Variance)
Calculating for the value of the standard deviation given
Variance = 184:
s = sqrt (184)
s = 13.56 % (ANSWER)
Answer:Use only personal contact information when establishing your personal account
Explanation:
The right answer is b market failure.
A market failure exists when the private sector does not provide necessary goods and services because it is not profitable to supply them.
