BUSINESS COLLEGE

Evans Products uses a process costing system with two processing departments: the Mixing Department and the Finishing Department. In June, unit costs incurred by the Mixing Department amounted to $4.00 per unit. Unit costs transferred to the finished goods warehouse during the month amounted to $22. Work-in-process inventories are reduced to zero each month. The entry to record the sale of 3,500 units in June would include:

Answers

Answer 1
Answer:

Answer:

A debit to Work-in-Process Inventory, Finishing Department of $140,000.

Explanation:

$140,000 will be credited to Work-in-Process Inventory, Mixing Department and debited to Work-in-Process Inventory, Finishing Department.

Finishing department is a process department. Finished goods are debited only when goods are transferred from the last processing department to finished goods.

Calculations

Cost per units transferred $                4.00

Units transferred 3.500

Total cost of units transferred $ 1,40,000.00

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Answers

Answer:

C) Would decrease

Explanation:

Atom Endeavour Co. issued $17 million face amount of 12.0% bonds when market interest rates were 13.38% for bonds of similar risk and other characteristics. Required: a. How much interest will be paid annually on these bonds

Answers

Answer:

$2,040,000

Explanation:

Annual Interest calculation

Interest = Par/Face Value × Coupon Rate

             =  $17,000,000 × 12.0%

             = $2,040,000

Therefore, interest to be paid annually on these bonds is $2,040,000.

In business, it is important to establish your _____ from your first day on the job. Multiple choice question. need for power credibility sense of humor desires

Answers

One of the most important things to establish in business from your first day is:

  • B. Credibility

Business Credibility

This refers to the quality that your business partners are able to trust you and you are accountable and you as a business person has good ethics and can be relied on.

With this in mind, we can see that the first thing to establish in business is credibility.

Therefore, the correct answer is option B

Read more about credibility here:
brainly.com/question/14032595

An increase in savings by consumers is seen as a(n):_________. a. decrease in investment spending in the economy increase in government spending in the economy.
b. decrease in exports in the economy.
c. increase in imports in the economy.
d. leakage in spending in the economy.

Answers

Answer:

d. leakage in spending in the economy.

Explanation:

In the economy firms spend money on labour, input, and business expansion. While in the personal household there is spending on food, rent, and other expenses.

When money is taken out of this cycle and not used for a particular purpose then it is considered to be a leakage.

Leakages include taxes savings and imports.

Savings occurs when an individual has excess income and decides to reserve some for a future use. This fund does not have a particular use in the economy so it is considered to be a leakage.

Answer:

D. Leakage in spending in the economy.

Explanation:

It is observed that if consumers have a rise in their wages, they tend to benefit and this helps the economic situation of the said country or nation as seen in some economies of the world lately. Also alteration in interest rates can have different consumer effects which ranges from spending habits depending on a number of factors to other habits that may end up boosting the economy also current rate levels, expected future rate changes, confidence of the consumer, and the overall health of the economy.

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Answers

Answer: Cost management, profitability, return on assets, competitive position and corporate social policy

Explanation:

Supply has the potential to contribute to cost management, profitability, return on assets, competitive position and corporate social policy.

Supply is defined as the amount of goods or services that a supplier is willing to offer for sale at a particular price and at a certain period. The amount of goods offered can determine the revenue generated and hence the profit made.

A corporation originally issued $13 par value common stock for $15 per share. Which of the following is included in the entry to record the purchase of 300 shares of treasury stock for $11 per share? A. Treasury Stock-Common is debited for $3,300.
B. Treasury Stock-Cormmon is debited for $1,650.
C. Retained Earnings is debited for $1,660.
D. Treasury Stock-Common is oodied for $46.

Answers

Answer:

A. Treasury Stock-Common is debited for $3,300.

Explanation:

Cost of the treasury stock purchased = 300 shares of treasury stock * $11  per share

Cost of the treasury stock purchased = $3,300
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