answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Korolek [52]
2 years ago
5

Tamara is a Managerial Accountant at Everything New. Everything New manufactures furniture. Tamara purchased leather to be used

on some of the furniture. Into which inventory account should she record the purchase?
A. Finished Goods Inventory
B. Raw Materials
C. Merchandise Inventory
D. Goods-In-Process
Business
1 answer:
Murrr4er [49]2 years ago
4 0

Answer:

B. Raw Materials

Explanation:

Raw materials are the basic components of manufacturing and production process in a goods manufacturing entity.  Raw Materials  are used in the production of a finished products (such as Crude Oil is a raw material for Petrol, Milk is a raw material for Yogurt, Yarn is a raw material for Garment whereas  Petrol, Yogurt and Garment are the finished products).

Keeping in view the above discussion, the leather purchased by the Tamara, to be used on some of the furniture to be manufactured by the Everything New, shall be classified as Raw Materials.

Answer is B. Raw Materials

You might be interested in
Since the 2008 global financial crisis, the B/L ("bill of lading") of container shipments from Asian factories to the United Sta
Naddika [18.5K]

Answer:

BOL can be viewed as the authoritative record that is being given to a shipment organization by the transporter that incorporates the different insights regarding the item. The fundamental purpose behind the BOL to be gathered at the entryway ports is that these BOL are gotten at the port first as this is where the items are gotten in the nation and from that point these items are sent to inland RDCs. The items need to pay the traditions obligations and pass the various customs.

8 0
2 years ago
You are looking to purchase a new car, and you expect to have annual maintenance costs to keep it running. According to your cal
Alenkinab [10]

Answer:

I should have $11,554.94 in my savings account today.

Explanation:

This can be calculated using the formula for calculating the present value (PV) of a growing annuity as follows:

PVga = (P / (r - g)) * (1 – ((1 + g) / (1 + r))^n) .................... (1)

Where;

P = maintenance costs in the first year = $150

r = interest per year = 2%, or 0.02

g = growth rate of maintenance costs = Expected annual increase in maintenance costs / maintenance costs in the first year = $100 / $150 = 0.666666666666667

n = useful life = 8

Substituting the values into equation (1), we have:

PVga = (150 / (0.02 - 0.666666666666667)) * (1 - ((1 + 0.666666666666667) / (1 + 0.02))^8)

PVga = 11,554.94

Therefore, I should have $11,554.94 in my savings account today.

7 0
1 year ago
Which sentence in the passage is an example of a real-world situation that could restrict Martha’s decisions?
SpyIntel [72]
Your answer is C :))) #platofamily 
8 0
2 years ago
Read 2 more answers
The IMC channel that has received the greatest increase in aggregate spending recently is ________, or marketing that communicat
wariber [46]

The IMC channel that has received the greatest increase in aggregate spending recently is direct marketing  or marketing that communicates directly with target customers to gener­ate a response or transaction.

<u>Explanation: </u>

Direct Marketing is a promotional strategy based on the distribution to potential customers of a marketing strategy.  

The Systems of distribution used include mail, online and texting. Direct marketing is named because it removes intermediaries, like publicity media, in particular.

Direct marketing focuses instead of media advertising on delivery to individual consumers.   In much direct marketing, the call to action is a common factor.   It is easier to quantify than media advertising that direct marketing is successful.

In a number of direct marketing, the call for action is a special element. You are instructed to respond immediately to the request through a free telephone number, a reply card or a reference in the email advertisement. The recipient must also access the letter. A positive measure of a future purchase is any reply. Personal advertising is often linked to as ads for direct responses.

4 0
2 years ago
Choosing firm goals for your business
meriva

A. allows you to diversify as opportunities develop.

4 0
2 years ago
Read 2 more answers
Other questions:
  • Match the assessment with the appropriate concept. Tiles Chapter 7 Chapter 13 Chapter 12 Chapter 15 Pairs designed for family fa
    8·2 answers
  • Bob is hired to do computer sales for an electronics store. He agrees that if he leaves his employment, he will not work for ano
    6·1 answer
  • Redesigned Computers has 6.5 percent coupon bonds outstanding with a current market price of $548. The yield to maturity is 13.2
    6·1 answer
  • An investment offers a total return of 11 percent over the coming year. Alex Hamilton thinks the total real return on this inves
    10·1 answer
  • Assume the total product of two workers is 100 and the total product of three workers is 120. The average product of three worke
    6·1 answer
  • A firm issues $300 million in straight bonds at an original issue discount of 0.50% and a coupon rate of 7%. The firm pays fees
    10·1 answer
  • Organizational Structuring Companies have four general issues to consider when attempting to design their organization for respo
    5·1 answer
  • The game hides the amount of cookies-per-second a new "vendor" (the grandmothers, the cookie farm, the mines, etc.) will grant y
    5·2 answers
  • Carla Vista Corporation is a lessee with a finance lease. The asset is recorded at $1040000 and has an economic life of 8 years.
    12·1 answer
  • Lima buys a new car from Motor City Inc. In the first month after the purchase, the car repeatedly fails to meet standards of qu
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!