Yes, Brian has realistic expectations regarding the ease of getting out of his investment if he wants to.
This is because a C Corporation is designed to allow for the easy transfer of ownership of stock, just as the shareholders of other large public corporations can do. This is beneficial for business owners because it allows them to more easily liquidate their investments in the business, which can be helpful in case of an unexpected financial need.
However, if Brian wants to maximize his flexibility when it comes to business ownership and ownership transfer, it would be better for him to form an LLC. This type of business structure offers greater flexibility and asset protection, making it a better choice for business owners who want the ability to easily transfer ownership of the business or to liquidate their investments.
Learn more about ownership and investments at: https://brainly.com/question/30105964
#SPJ11
arthur's parents own a home appliances business. his parents along with his three older brothers manage the business together. they want arthur to help with the business once he graduates. arthur has agreed to join the family business without putting much thought into this decision. in this scenario, arthur is in the status of identity referred to as
Arthur is in the status of identity referred to as: Identity foreclosure.
Foreclosure status of identity: This is the position of identity development in which a person has not been through a personal exploration process and has only agreed to follow in the footsteps of his or her family, and the individual's commitment to a given status is based only on what others have informed them about that status.
The foreclosure status of identity is associated with the propensity to take on the beliefs and expectations of others without questioning them, and it is usually observed among individuals from traditional cultures where conformity is valued over individualism.
This is a permanent way to integrate personal beliefs and views with the surrounding social environment. Thus, Arthur has foreclosed on his identity because he has agreed to join his family's business without any consideration.
To know more about Identity foreclosure, refer here:
https://brainly.com/question/30287389#
#SPJ11
in the u.s. a candy bar costs $1. if the nominal exchange rate were 6 chinese yuan per dollar and the real exchange rate were 1.2, then, what would be the price of a candy bar in china?
The price of a candy bar in China would be 7.2 Chinese Yuan. This is because the nominal exchange rate is 6 Chinese Yuan per Dollar, and the real exchange rate is 1.2.
Therefore, if we multiply the nominal exchange rate of 6 Chinese Yuan per Dollar with the real exchange rate of 1.2, we will get the price of the candy bar in China, which is 7.2 Chinese Yuan.
In other words, the cost of a candy bar in the US (1 US Dollar) multiplied by the nominal exchange rate of 6 Chinese Yuan per Dollar, and then multiplied by the real exchange rate of 1.2, will give us the cost of a candy bar in China (7.2 Chinese Yuan). Therefore, the price of a candy bar in China would be 7.2 Chinese Yuan.
Know more about exchange rate here
https://brainly.com/question/29562028#
#SPJ11
the tendency to have contempt for foreigners or other strangers, which is particularly likely in times of economic hardship, when resources are scarce is known as .
Xenophobia is the tendency to have contempt for foreigners or other strangers, particularly in times of economic hardship when resources are scarce. Xenophobia often results from an irrational fear that others are taking away resources from a population.
Xenophobia can manifest itself in a variety of ways, such as discrimination, verbal abuse, physical violence, or more subtle forms of exclusion.
It can have damaging impacts on both individuals and communities, leading to feelings of fear, shame, and insecurity. Xenophobia can also lead to physical and mental health issues, such as depression and anxiety.
This means providing resources and educational opportunities to learn more about different cultures and backgrounds, and to recognize the diversity that makes up our communities.
Know more about Xenophobia here:
https://brainly.com/question/23933620
#SPJ11
during the year, addison is involved in the following transactions. what are the possible income tax ramifications of these transactions?
the possible income tax ramifications of these transactionstransactions are a) The money lost in gambling are deductible only to the extent of gambling profits.
b) Barring an exception for declare as a dependents, no deduction is authorized for payment of some different individual’s expenses.
c) A Federal income tax refund due to Addison's overpayment of ultimate 12 months's Federal earnings taxes is not earnings because it is a preceding adjustment of a previous expenditure that was no longer deductible.
d) The penalties and exceptional are not deductible for any motive. It does now not depend whether they stem from personal or commercial enterprise sports.
e) Political contributions aren't deductible for any motive. It does no longer be counted that the contribution resulted as a benefit to Addison.
f) Borrowing cash from a bank to make a down charge on an automobile does not result in profits consequently there might be no longer tax consequences.
g) sold a houseboat and a camper on eBay. due to the fact each are non-public use objects, and the gain from one offset the loss from the opposite, but the loss cannot offset a benefit. profits are taxable, and the losses are not deductible
h) A dependency exemption is to be had for the aunt Katherine who died on June three of the year. the whole quantity is exempted due to the fact she lived in the course of the yr
i) No exemption may be claimed for profits tax purposes for the funeral fees for any motive.
j) rates on non-public lifestyles coverage policies are not deductible for any purpose even if the quantity is paid on behalf of a based
To recognise extra approximately tax click here
brainly.com/question/16423331
#SPJ4
Which of these payroll taxes are paid only by the employer? (Check all that apply.) a. FUTA b. Social Security c. SUTA d. Medicare
The payroll taxes that are paid only by the employer are: A: FUTA and C: SUTA. The B: Social Security and D: Medicare taxes are paid by both the employer and the employee.
Payroll taxes are taxes that the government levies on employee wages. Employers are responsible for withholding payroll taxes from their employees' wages and depositing them with the government, as well as paying their own portion of payroll taxes. The payroll taxes, which fund government services, are calculated as a percentage of employee compensation.
The following is a breakdown of payroll taxes:
Social Security tax (12.4%), Medicare tax (2.9%), FUTA (6% of the first $7,000 paid to each employee), and SUTA (State Unemployment Tax Act, varies by state).The payroll taxes that are paid only by the employer are:
FUTASUTASUTA is a state tax that funds the state's unemployment compensation fund. FUTA (Federal Unemployment Tax Act), on the other hand, is a federal tax that finances the federal unemployment account. Both FUTA and SUTA are unemployment taxes, but FUTA is paid solely by the employer, whereas SUTA is split between the employer and the employee.
Social Security and Medicare taxes are examples of payroll taxes that are split between the employee and employer.
Options A and C are correct answers.
You can learn more about payroll taxes at
https://brainly.com/question/29765544
#SPJ11
gabriella starts using a new baking technique, and she can now do twice as much of everything. in a single day, gabriella can now bake 10 muffins or eight cookies, rather than the five muffins and four cookies she could previously bake. gabriella's production possibility frontier has , and her opportunity cost of making cookies . group of answer choices shifted right; is unchanged shifted right; has decreased not changed; has increased not changed; has decreased
Gabriella's production possibility frontier has and her opportunity cost of making cookies has remained unchanged shifted right. The correct answer is is unchanged shifted right.
Gabriella has experienced a shift in her production possibility frontier due to her increased efficiency with her new baking technique. This shift in her production possibility frontier means that she is now able to produce more of both cookies and muffins in the same amount of time. Specifically, Gabriella can now bake 10 muffins or 8 cookies in a single day, whereas before she could only bake 5 muffins and 4 cookies in a single day.
The shift in the production possibility frontier has occurred to the right, meaning that Gabriella can now produce more goods in the same amount of time. However, the opportunity cost of making cookies has not changed - it is still the same as before.
The opportunity cost of making cookies is the amount of muffins that must be forgone in order to produce one more cookie. In this case, that amount is still 1 muffin for every cookie produced, regardless of the increased production.
Overall, Gabriella's production possibility frontier has shifted right, indicating that she can now produce more goods in the same amount of time. However, the opportunity cost of producing cookies has remained unchanged.
To learn more about production possibility frontier here:
https://brainly.com/question/6571859#
#SPJ11
The first step in planning capacity is to do a rough-cut plan to validate the mps. True or False?
Answer:
true
Explanation:
the marketing manager for joe's shoe-mart has decided to conduct descriptive research using primary data. based on some preliminary research of trade journals and interviews with customers, she knows what questions to ask. however, the customers she wants information from are spread out over many stores in several states. the best technique for her to collect this data would be .
The best technique for her to collect this data would be a survey. option (D) is correct.
Data collection surveys gather data from a designated gathering about their viewpoints, conduct, or information. Normal kinds of model overviews are composed of polls, up close and personal or phone interviews, center gatherings, and electronic (email or site) studies.
Surveys are physical or advanced polls that assemble both subjective and quantitative information from subjects. One circumstance in which you could lead an overview is gathering participant criticism after an occasion. The principal procedures for social event information are perception, interviews, polls, timetables, and reviews. Therefore, option (D) is correct.
Learn more about data:
https://brainly.com/question/17611412
#SPJ4
This question is not complete, Here I am attaching the complete question:
The marketing manager for joe's shoe-mart has decided to conduct descriptive research using primary data. based on some preliminary research of trade journals and interviews with customers, she knows what questions to ask. however, the customers she wants information from are spread out over many stores in several states. the best technique for her to collect this data would be .
(A) focus groups
(B) experiments
(C) in-depth interviews
(D) surveys
(E)case studies
when the price of a product rises, the increase in quantity supplied will generally be greater in the long run than the short run because a. producers maximize short-run, not long-run, profits. b. over time, new firms will enter the industry and old firms will expand their operations in response to the price increase. c. consumers are less resistant to higher prices in the long run than in the short run because they have fewer options in the long run. d. consumer income will expand in the long run, causing resource prices to rise, which will induce producers to increase output.
The price of product rise is grater in long run because Over time, new firms will enter the industry and old firms will expand their operations in response to the price increase. (B)
In the long run, new firms have time to enter the market, and existing firms have time to increase their production capacity. This means that an increase in the price of a product will generally result in a larger increase in the quantity supplied in the long run compared to the short run.
In the short run, existing firms may not have the capacity to increase output significantly, and the cost of producing more goods may exceed the revenue generated.
Additionally, new firms may not have the resources to enter the market, so the increase in the quantity supplied may be relatively small.
In the long run, however, both new and existing firms have the opportunity to increase production, leading to a larger increase in the quantity supplied when prices rise. Additionally, consumers may have fewer options in the long run, making them more likely to accept higher prices. (B)
To know more about production capacity click on below link:
https://brainly.com/question/16345619#
#SPJ11
when an insured homeowner is covered and reimbursed for the actual cost of replacing the damaged property, these costs are known as
When an insured homeowner is covered and reimbursed for the actual cost of replacing the damaged property, these costs are known as Replacement Costs. Option C is correct.
Replacement costs refer to the actual cost of replacing the damaged property with a similar new item in the current market. When an insured homeowner has replacement cost coverage, the insurance company will reimburse them for the full cost of replacing the damaged property, regardless of its original value. This coverage is different from actual cash value coverage, which takes into account depreciation and may not cover the full cost of replacement.
In case of a covered loss, the insured homeowner will be required to provide proof of the replacement costs through receipts, invoices, or estimates. The insurance company will then reimburse the insured up to the policy limit for the covered damages. Hence Option C is correct.
To learn more about Replacement costs, here
https://brainly.com/question/14149723
#SPJ4
The complete question is:
When an insured homeowner is covered and reimbursed for the actual cost of replacing the damaged property, these costs are known as...?
A) Estimated CostsB) Insurance CostsC) Replacement CostsD) Title CostsWhat is the relationship between the average inventory and the in-stock probability? Choose the right option and explain!
a. The more the inventory, the lower the in-stock probability
b. There isn't a definitive relationship - more inventory could mean a lower or a higher in-stock probability
c. The more the inventory, the higher the in-stock probability
The relationship between the average inventory and the in-stock probability is: c. The more the inventory, the higher the in-stock probability.
What do you mean by average inventory ?As the average inventory increases, there is a greater amount of stock available to meet customer demand, which results in a higher in-stock probability. This means that customers are more likely to find the items they want in stock when there is a larger inventory on hand.
This is because having a larger inventory means there are more products available to sell, which increases the likelihood that a customer will be able to find the product they want in stock.
However, it's important to note that simply having a large inventory does not guarantee a high in-stock probability. Factors such as demand forecasting, inventory management, and supply chain efficiency also play a role in determining in-stock probability.
To know more about average inventory visit:
https://brainly.com/question/30610659
#SPJ11
artisan's oven is looking for opportunities for stable income by expanding sales to include not only consumers, but also other businesses like local restaurants who will provide consistent, large orders of their bread products. which growth strategy is artisan oven using?
Artisan's Oven is using a market penetration growth strategy. This strategy involves increasing sales to existing customers and markets, rather than seeking out new customers or markets.
By expanding their sales to include not only consumers, but also local restaurants and other businesses, Artisan's Oven is hoping to increase their customer base and establish a more stable income. These businesses will provide consistent, large orders of their bread products, which will help to ensure that the business continues to have a steady stream of revenue.
By capitalizing on existing markets and customers, Artisan's Oven is able to quickly and cost-effectively increase their sales and income.
Know more about market penetration here
https://brainly.com/question/7920685#
#SPJ11
if you want to find out what law governs the sales of goods in the various states in the united states you should consult:
If you want to find out what law governs the sales of goods in the various states in the United States, you should consult the Uniform Commercial Code (UCC).
The Uniform Commercial Code (UCC) is a collection of state laws that govern commercial transactions in the United States. It was first published in 1952 and has since been adopted by all 50 states.
The UCC governs the sale of goods, commercial paper, secured transactions, bank deposits, letters of credit, documents of title, investment securities, and secured transactions.
The UCC is intended to provide a consistent and uniform set of rules and regulations that businesses can follow when engaging in commercial transactions across state lines.
It is one of the most important legal documents for businesses to understand because it affects how they operate and interact with other businesses across the United States.
To learn more about Uniform Commercial Code, refer below:
https://brainly.com/question/13640672
#SPJ11
given this data, policymakers must decide whether to address the associated externality with a subsidy or a tax. as their economic consultant, which of the two policy tools would you recommend?
The decision as to whether a subsidy or a tax should be used to address the externality in this case depends on the nature of the externality and the specific goals of the policymakers. Both tools can be effective, but which one is the best choice will depend on the specifics of the situation.
It is important to consider both a subsidy and a tax when determining the most effective policy tool to address the externality in this case. A subsidy can be used to incentivize production, while a tax can be used to reduce production.
Taxes can also be used to reduce the production of a good or service, which can help address the externality. By imposing a tax on producers, the production of the good or service can be reduced, thus helping to offset the negative effects of the externality.
Subsidies provide producers with financial assistance and are used to encourage the production of a good or service, which can help address the externality. By providing assistance to producers, a subsidy can potentially increase the production of the good or service, which can help offset the negative effects of the externality.
Know more about subsidy here:
https://brainly.com/question/17136613
#SPJ11
If a binding price floor is imposed on the video game market, then:a) The demand for video games will decrease.b) The supply of video games will increase.c) A surplus of video games will develop.d) All of the above are correct.
If a binding price floor is imposed on the video game market, then the supply of video games will increase. Option B is the correct answer.
When the government imposes a necessary price on an item or collection of goods at a price above equilibrium, it creates a legally enforceable price floor. This price restrains the market for that item since the government mandates that prices not fall below it. Some consumers will refuse to pay that price because the government has artificially inflated it. Unsold goods come from this, leading to an excess of that good. Option B is the correct answer.
By enacting legislation, governments have the ability to artificially inflate the cost of specific items, induce economic unrest, and establish legally enforceable price floors for these goods. These regulations allow for the prohibition of the sale of goods at market prices or below the price floor. Option B is the correct answer.
Learn more about Price floor here:
https://brainly.com/question/24827521
#SPJ4
knowledge check 01 what are the two reasons that inventory must be estimated? (you may select more than one answer. single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. any boxes left with a question mark will be automatically graded as incorrect.) check all that apply a company uses the perpetual inventory system.unanswered a company experiences a casualty.unanswered yearly financial statements are prepared.unanswered interim financial statements are prepared.
Inventory needs to be approximated for two reasons: One person's work serves as a check for another to fraud and mistakes. A task's owner should be identified and given explicit inventory.
Describe inventory.As well as being seen with the firm and kept in the business so they may sell the item on the marketplace and make a profit, inventory can also be referred to as goods and merchandise.
It should be highlighted that inventory estimation is highly important because it helps to prevent fraud and other mistakes that might have an impact on how the business runs.
To know more about inventory visit:
https://brainly.com/question/14184995
#SPJ1
travis company allocates overhead cost using a single plantwide overhead rate of $60 per direct labor hour. each product unit uses three direct labor hours. overhead cost equals $20 per unit.
the overhead cost per unit for Travis Company is $180.
Based on the information provided, we can calculate the overhead cost per direct labor hour as follows:
Overhead cost per direct labor hour = Plantwide overhead rate / Direct labor hours
= $60 / 1
= $60
The overhead cost per unit can be calculated as follows:
Overhead cost per unit = Overhead cost per direct labor hour x Direct labor hours per unit
= $60 x 3
= $180
Therefore, the overhead cost per unit for Travis Company is $180.
To know more about overhead cost, visit: brainly.com/question/14811739
#SPJ4
an investment will pay you $80,000 in 10 years. if the apr is 5% compounded daily, what is the present value?
The present value of the investment is approximately $42,781.38. This means that if you were to invest this amount today at an APR of 5% compounded daily, it would grow to $80,000 in 10 years.
The present value of an investment is the current value of the future cash inflows discounted to the present at an appropriate rate. In this case, the investment will pay $80,000 in 10 years with an annual percentage rate (APR) of 5% compounded daily.
To calculate the present value, we can use the formula:
PV = FV / (1 + r/n)^(n*t)
where PV is the present value, FV is the future value, r is the annual interest rate, n is the number of times the interest is compounded per year, and t is the number of years.
Using the given values, we have:
FV = $80,000
r = 5%
n = 365 (since the interest is compounded daily)
t = 10 years
Plugging these values into the formula, we get:
PV = $80,000 / (1 + 0.05/365)^(365*10) = $42,781.38
to know about compounded refer here:
https://brainly.com/question/29331176#
#SPJ11
true or false: peter senge's five principles for creating a learning organization include providing employees with more vacation and personal days off.
False, Peter Senge's five principles for creating a learning organization do not include providing employees with more vacation and personal days off.
What are the principles of a learning organization?The principles of a learning organization are as follows:
1. Systems thinking, which involves seeing the big picture and understanding how things interact with one another.
2. Personal mastery, which is the ability to learn and grow over time.
3. Shared vision, which is a group's shared sense of purpose and direction.
4. Team learning, which is the process of learning from and with others.
5. Mental models, which are the deeply ingrained beliefs and assumptions that govern how we think and act
Learn more about Learning organizations at
https://brainly.com/question/14820782
#SPJ11
farah has just lost her job and has applied for unemployment. she is dealing with anxiety and depression, since she is a week away from losing her home. with the loss of her job, she has fallen below the poverty line. which type of professional would have the most relevant training to assist her with her problems?
In order to assist Farah with her problems of anxiety, depression and loss of her home, a social worker would have the most relevant training.
The social worker is a professional with the most relevant training to assist Farah with her problems of anxiety, depression, and loss of her home. A social worker is a trained professional who works with people to resolve problems in their everyday lives.
A social worker works with individuals, families, groups, organizations, and communities to improve their overall well-being by providing a range of services that may include counseling, case management, advocacy, and community development.
To address Farah's problems, the social worker would help her obtain food and housing assistance, find job training and employment opportunities, and provide counseling for her anxiety and depression.
To know more about social worker, refer here:
https://brainly.com/question/28191068
#SPJ11
the government agency that oversees the banking system and is responsible for the conduct of monetary policy in the united states is a. the united states treasury. b. the federal reserve system. c. the u.s. gold commission. d. the house of representatives.
The government agency that oversees the banking system and is responsible for the conduct of monetary policy in the United States is the Federal Reserve System. The correct answer is option b.
The Federal Reserve System is the United States' central bank, which is responsible for conducting monetary policy and regulating financial institutions. The Federal Reserve System (FRS) is also known as the Fed.In general, the Federal Reserve has two primary objectives: maximum employment and price stability. The Federal Reserve is required to use monetary policy tools to promote maximum employment and stable prices.
The Federal Reserve has a dual mandate, and it's responsible for the following:
Conducting monetary policy, including setting interest rates and adjusting the money supply in the economy Supervising and regulating financial institutions to maintain stability in the financial system
Providing financial services to the government
The Federal Reserve is the banking system's overseer and conducts monetary policy in the United States, making answer b correct.
To know more about Federal Reserve System refer to-
brainly.com/question/3603615#
#SPJ11
when the price level falls, the number of dollars needed to buy a representative basket of goods
When the price level falls, the purchasing power of money increases.
This means that the same amount of money can buy more goods, meaning you will need fewer dollars to buy the same representative basket of goods. For example, if the price level drops from $100 to $80, you will only need $80 to buy the same representative basket of goods instead of $100.
In more detail, the decrease in the price level will lead to an increase in the real value of money, which in turn means the same amount of money can buy more goods. This is a result of the law of demand; when the price of a good decreases, the quantity demanded increases.
As a result, when the price level falls, the number of dollars needed to buy a representative basket of goods decreases.
This phenomenon is known as inflation. Inflation occurs when the purchasing power of money decreases, which can be caused by a variety of factors such as increases in the money supply and decreases in the value of the currency.
To know more about inflation click on below link:
https://brainly.com/question/29308595#
#SPJ11
which firm would the efficient markets hypothesis suggest would be the firm identified as jointly at fault with nasa four months later?
The efficient markets hypothesis suggests that the stock market is efficient, which means that all available information is already reflected in the stock prices.
It implies that the investors can't earn excess returns as they can't predict the future direction of the market or individual stocks based on past trends or public information. As per the efficient markets hypothesis, the company responsible for the Challenger's disaster would be identified as jointly at fault with NASA four months later.
On January 28, 1986, NASA's Challenger space shuttle exploded during launch, killing all seven crew members. This event raised significant questions about the reliability of NASA's space shuttle program and affected public confidence. According to the efficient markets hypothesis, investors would have already factored in the risk associated with NASA's space shuttle program in their investment decisions, and the stock price of companies associated with the program would have been affected.
However, four months later, when Morton Thiokol Inc. announced that it had discovered a defect in the O-ring of the Challenger's booster rocket, the market reacted strongly, and the stock price of the company dropped by 12%. Morton Thiokol was jointly identified as responsible for the Challenger disaster with NASA. The efficient markets hypothesis, which assumes that all available information is already reflected in stock prices, was contradicted in this case.
Investors had not fully incorporated the risk of the Challenger disaster when Morton Thiokol's stock price was affected. Hence, Morton Thiokol would be identified as jointly at fault with NASA four months later, according to the efficient markets hypothesis.
for more such questions on efficient markets hypothesis
https://brainly.com/question/14311423
#SPJ11
the 80/20 principle states that: select one: a. 20% of companies generate 80% of product sales b. 80% of the time, financial projections will be accurate c. 80% of all products are consumed by 20% of the populations d. 20% of customers generate 80% of the demand
This choice is best suited because approximately 80% of outcomes result from 20% of causes.
What is the 80/20 rule?The Pareto Principle, commonly known as the 80-20 rule, is a well-known adage that states that 20% of all causes or inputs are responsible for 80% of all outcomes (or outputs) for any given occurrence.
The 80-20 rule in business aims to prioritise the inputs that have the greatest potential for productivity. Managers, for instance, should place the most emphasis on the factors they have judged to be essential to the achievement of their company. The 80-20 rule can be employed in any sector, even though it is widely used in business and economics. Distribution of wealth, financial management, spending patterns, and even relationship infidelity
To know about pareto principal visit:
https://brainly.com/question/29754234
#SPJ1
which of the following is considered an adjusting entry? multiple choice the entry to record depreciation. the entry to pay salaries. the entry to pay outstanding bills. the entry to declare a dividend distribution.
The entry to record depreciation is considered an adjusting entry, which is option A in the given question.
What is an adjusting entry?
An adjusting entry is an accounting entry made at the end of an accounting period to allocate revenue and expenses to the period in which they occurred.
Adjusting entries are made after the trial balance is completed and before financial statements are prepared for a period.
What is depreciation?
Depreciation is the measure of the wearing out, consumption, or other reduction of value of a long-term asset. It refers to a decrease in the market value of an asset that occurs over time, as a result of wear and tear, physical deterioration, or obsolescence.
Depreciation is generally calculated for tax and accounting purposes. Depreciation is the accounting way of allocating the cost of an asset over its useful life. The entry to record depreciation is considered an adjusting entry.
To learn more about depreciation, refer below:
https://brainly.com/question/30531944
#SPJ11
the wip 1 - cutting account added costs to 20000 direct materials and 14300 of manufacturing overhead. if 100% of direct materials and 65% of conversion costs were completed at the end of the period and being transferred to wip 2 - assembling, the journal entry would be
The journal entry would be: debit WIP 2 - Assembling $20,000; Debit: Manufacturing Overhead $9,295; Credit: WIP 1 - Cutting $29,295
WIP 2 is debited because it is receiving the partially completed goods from WIP 1 - Cutting. When a product is partially completed in one department and moved to another department for further processing, the cost of the partially completed product is transferred from WIP 1 to WIP 2.
This transfer is recorded as a debit to WIP 2 and a credit to WIP 1. The reason for this is that WIP 2 is now responsible for completing the product and incurring the additional costs required to do so.
The journal entry to transfer costs from WIP 1 - Cutting to WIP 2 - Assembling would be:
Debit: WIP 2 - Assembling $20,000
Debit: Manufacturing Overhead $9,295 ($14,300 x 65%)
Credit: WIP 1 - Cutting $29,295
This entry assumes that all direct materials have been used up and 65% of conversion costs have been incurred.
Learn more about journal entry here:
https://brainly.com/question/17201601
#SPJ11
many of the products bearing the ul mark incorporate ? bearing the ul recognized component mark. that mark ? provide evidence of listing or labeling which may be required by installation codes or standards.
Many products that have the UL Mark also incorporate components that bear the UL Recognized Component Mark.
This mark provides evidence that the component has been tested to UL safety standards and is suitable for installation in accordance with any codes or standards that may be required.
The UL Recognized Component Mark is a key element of the UL Listing and Labeling program, which helps ensure product safety.
UL tests components to the same rigorous standards as the complete products, providing users and installers the confidence of knowing that the components are safe.
to know about UL Mark:
https://brainly.com/question/31073865
#spj11
The production possibility curve is a boundary that seperates
The production possibility curve is a boundary that separates the combination of goods and services that can be produced given a fixed set of resources and technology.
With a certain supply of resources and technology, the production potential curve graphically depicts the widest range of products that a civilization is capable of producing. It is a border that symbolises the upper bound of what can be created with the resources at hand. The opportunity cost notion, which refers to the decision to produce one item or service over another, is illustrated by the curve. When the production of one thing or service grows, the opportunity cost of creating an additional unit of that good or service also increases, since resources become less efficient at producing it. Decision-makers may better comprehend the trade-offs between various production options and choose the option that will use resources in the most effective way by using the production possibility curve.
learn more about production possibility curve here:
https://brainly.com/question/15238948
#SPJ4
historically, why didn't the court decision to require real estate licensees to be honest change the buyer beware approach to home purchases?
Historically, the court's decision to require real estate licensees, to be honest change the buyer beware approach to home purchases C) Unless asked, disclosure was not required
The court's requirement that real estate licensees be truthful historically changed the buyer-beware philosophy of house transactions. The disclosure was not needed until requested. Before, unless specifically requested by the buyer, real estate brokers were not legally compelled to divulge certain information. As a result, purchasers have to be attentive in making the correct inquiries and performing independent research.
Due to a combination of business and legal practises that favoured sellers and agents over purchasers and a lack of regulatory obligations for brokers to provide critical information to customers, the "buyer beware" attitude to house transactions has prevailed. Buyer representation did not become more widespread and disclosure requirements did not become more stringent until subsequent revisions in laws and regulations.
Complete Question:
Historically, why didn't the court decision to require real estate licensees to be honest change the buyer beware approach to home purchases?
A) Only sellers were represented in transactions
B) The laws did not favor consumers
C) Unless asked, disclosure was not required
D) Licensees made a point to be ignorant
Read more about disclosure on:
https://brainly.com/question/1838589
#SPJ4
which of the following strategies was followed by amazon's founder? group of answer choices he reduced warehousing capacity. he built e-commerce operations only for amazon's customers in the united states. he focused more on amazon's quarterly results. he consciously ignored cloud computing platforms. he postponed profit harvesting.
The strategy followed by Amazon's founder was to consciously ignore cloud computing platforms.
This meant that Amazon opted out of using cloud computing services and instead focused on building its own e-commerce operations in the US.
By focusing on e-commerce operations and reducing warehousing capacity, Amazon was able to keep its costs low and focus more on its quarterly results.
By postponing profit harvesting, Amazon was able to grow and eventually become one of the world's largest online retailers.
To know more about cloud computing platforms click on below link:
https://brainly.com/question/11973901#
#SPJ11