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olasank [31]
2 years ago
13

During January, its first month of operations, Flint Company accumulated the following manufacturing costs: raw materials purcha

sed $4,400 on account, factory labor $6,200, and utilities payable $2,100. In January, requisitions of raw materials for production are as follows: Job 1 $950, Job 2 $1,300, Job 3 $800, and general factory use $610. Record raw materials used. (Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).

Business
1 answer:
VashaNatasha [74]2 years ago
3 0

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

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What are the major forces that affected the Japanese yen over the years? What factors do you think are important to monitor as y
7nadin3 [17]

Answer:

A) Forces of Demand and Supply

B) Slow GDP growth

C) Level of Unemployment

D) Monetary Policies by Central Bank

Explanation:

A) Expressing the mean from the concept of laws of economics, the Yen, like the Dollar and Euro, is propelled by forces of demand and supply. The problems that effect demand and supply can directly or indirectly impact the rate of the Yen.

B) Gross Domestic Product (GDP) in economics measure or evaluate the net production and consumption of products and services within the country in a given year. It certainly gives sufficient information about the fitness of Japan’s economy and can seriously impact the Yen. That is, absence of growth usually spurs the currency to decline.

C) Level of unemployment is another crucial component that can affect the Yen. Virtually everyone who buys and sell in the different markets, especially in the foreign currency exchange, needs to the annual jobs statistical reports, which indicate the overall nature of the Japanese economy. A decrease in unemployment which is sufficiently more than forecasted by the market can have an effect on the currency resulting in currency appreciate. It important to note that in general, improvements in employment are seen as very positive within the market.

D) Monetary Policies by central bank. Most times the monetary policies of the government tend to weaken the currency. It’s for this reason that foreign currency market dealers anticipate signs on changes in monetary policy.

5 0
2 years ago
The Supplies account for Vulcan Cleaning Services had a debit balance of $200 at the beginning of the month. Additional supplies
dmitriy555 [2]

Answer:

$1,000

Explanation:

Beginning balance in supplies account = $200

The supplies account is an asset account and ordinarily should have a debit balance. If additional supplies of $1,400 were purchased during the month, it goes into the account as a debit.

If at the end of the month, only $600 of supplies was still on hand total supplies expense

$200 + $1,400 - supplies expense = $600

supplies expense = $200 + $1,400 - $600

= $1,000

The supplies expense is debited when supplies are used and the corresponding credit goes to the supplies account.

7 0
2 years ago
2. How has Taobao created economic opportunities for Chinese entrepreneurs that were inaccessible to them before?
cupoosta [38]

Answer: It created a platform for small business owners to open online stores to meet the needs of consumers in Chinese speaking areas within and outside China.

Explanation: Taobao with over one billion listings,is owned and founded by Alibaba( a Chinese entrepreneur) in the year2003. Taobao is a market place for consumers of Products,it helps to create Opportunity for Businesses to market their products and services,this platform has helped to build the Chinese Economy empowering people and helping to improve creativity, It also helped Chinese entrepreneur to be accessible to the world over.

3 0
2 years ago
A manufacturer would likely make an ___________ in a market following the long-run process of beginning and expanding production
Brilliant_brown [7]

Answer:

A manufacturer would likely make an entry in a market following the long-run process of beginning and expanding production in response to a sustained pattern of profits.

7 0
2 years ago
Read 2 more answers
In the process of reconciling its bank statement for January, Maxi's Clothing's accountant compiles the following information:
CaHeK987 [17]

Answer:

(D) $4,055

Explanation:

To find the adjusted book balance, we need the ending balance of the cash book:

Book balance                                  $4,725

Less: bank service charges                 (25)

Less: EFT                                             (380)

Less: NSF check returned by bank   (265)

<em>Adjusted book balance</em>                  <u>$4,055</u>

Since bank service had been deducted from the bank, Maxis clothing had to deduct the same amount. When bank deducts any money, generally it notifies through text message or sometimes does not notify directly. Therefore, It had to be deducted from the cash book.

Maxi's accounts receivable paid him a check and the firm immediately added the amount to the cash book. When the accountant went for depositing the check, there were not sufficient fund (NSF). Therefore, the amount did not add to the bank balance. Hence, the firm had to deduct it again.

Through Electronic Fund Transfer (EFT), a payment had been made by the bank for Maxi clothing. Since the expense did not deduct from the cash book, the amount had to deduct it to get the adjusted book value.

7 0
2 years ago
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