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2 years ago

A German brewery orders stationery from England using an online order form.

Business

1 answer:

NikAS [45]2 years ago

8 0

Answer:Technological advancements.

Explanation: Technological advancement is the overall improvement in the Manufacturing, Organisation, coordinating and use of technology in order to meet the growing needs of Man. Technological advancements can be in different fields such Medical,trade/commerce, Manufacturing etc.

THE ABILITY OF THE GERMAN BREWERY BEING ABLE TO ORDER STATIONERIES FROM ENGLAND USING AN ONLINE FORM IS AN EXAMPLE OF TECHNOLOGICAL ADVANCEMENT.

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At the end of Year 1, Voss Company had $8,000 of inventory. During Year 2 the following events occurred: (1) Voss Company purcha

soldi70 [24.7K]

Answer:

$15,000

Explanation:

Year 2

Opening inventory = $8,000

Purchases = $10,000

Sales = $15,000 (cash received = $20,000)

Inventory count at year end = $1,000

Amount to be written to p/l = 8000 + 10000 - 1000

= $17,000

However, the cost of goods sold is $15,000 while the remaining $2,000 is recognized as inventory write down.

6 0

2 years ago

How do businesses and not-for-profit organizations help create our standard of living?

cluponka [151]

The businesses and not for profit organizations help create the goods and services on the basis of our standard of our living.

Explanation:

Businesses play an important role in regulating our life by offering jobs, and goods and services to society. Quality of life means helping the educational institutions, health departments, sanitation etc.

Not for profit is an organization that continues to live to carryout targets other than making a business profit. Not all organizations live for profit some believe in helping needy. Charities like habitat for humanity, American cancer society, etc. are part of not for profit organizations. Last 20 years, not for profit organizations, employees and volunteers have rapidly increased.

3 0

2 years ago

Ramapo Company produces two products, Blinks and Dinks. They are manufactured in two departments, Fabrication and Assembly. Data

almond37 [142]

Answer:

The factory overhead allocated per unit of Blinks is b.$19.50

Explanation:

It is Important to note that Ramapo Company uses a single plantwide overhead rate to apply all factory overhead costs based on direct labor hours.

A plant Wide Overhead rate is a function of the Total Overheads of a Company divided by the Total Labor Hours in the Company

Total Overheads:

Fabrication Department $84,000

Assembly Department $72,000

Total $156,000

Total Labor Hours :

Fabrication Department 0

Assembly Department ( 1,000 × 4) + (2,000×2) 8,000

Total 8,000

Note : labor hours take place only in the Assembly Department

Plantwide overhead rate :

Plantwide overhead rate = Total Overheads / Total Labor Hours

= $156,000 / 8,000

= $ 19.50

7 0

2 years ago

Read 2 more answers

At the beginning of the month, Bobcat Boards and Skis received $800 in advance for future services to be performed. At the end o

finlep [7]

Answer:

The adjusting entry that should be recorded at the end of the accounting period:

Debit Unearned revenue $500

Credit Revenue $500

Explanation:

Following the Accrual accounting - an accounting method that revenue or expenses are recorded when a transaction occurs rather than when payment is received or made.

Bobcat Boards and Skis received $800 in advance for future services to be performed. At the end of the month, $300 worth of services were still owed to the customer.

The value of services were performed = $800 - $300 = $500.

The adjusting entry:

Debit Unearned revenue $500

Credit Revenue $500

6 0

2 years ago

Kamin Company's mixing department had a beginning inventory of 4,000 units which had accumulated conversion costs of $55,000. Du

Kobotan [32]

Answer:

The cost per equivalent unit for conversion costs in the mixing department is $ 14.19

Explanation:

Step 1 Calculate the Number of Units Completed

Hint: Units input in process must equal units out of the process

Therefore Units Completed = 4,000 units+8,000 units - 2,500 units

= 9,500 units

Step 2 Calculate the total conversion cost in the process for the period

Hint : Conversion costs in Opening Work In Progress + Conversion Costs Started during the Process

Therefore:

Opening Work In Progress $55,000

Add Started during the Process $92,000

Total Conversion Costs $149,000

Step 3 Calculate total Equivalent Units related to Conversion Costs

Completed Units - 100% 9,500

Closing Work in Progress - 40% 1,000

Total 10,500

Step 4 The cost per equivalent unit for conversion costs in the mixing department

cost per equivalent unit for conversion costs= total conversion cost/ total Equivalent Units

= $149,000/ 10,500

= $ 14.19

6 0

2 years ago