I took the test and the guy above me saying the "cost" or whatever it says, is not right. I read the section it told me where i could find the right ubraintv-jp.com. it was a little confusing, not gonna lie. So my ubraintv-jp.com could be just as wrong as the other guy. but as least now you know its 100% not that one.

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Halogen Laminated Products Company began business on January 1, 2021. During January, the following transactions occurred:


Cash (Dr.) $115,000

Common Stock (Cr.) $115,000

Purchases - Inventory (Dr.) $30,000

Accounts Paubraintv-jp.comble (Cr.) $30,000

Prepaid Insurance (Dr.) $1,800

Cash (Cr.) $1,800

Accounts receivable (Dr.) $11,500

Sales Revenue (Cr.) $11,500

Cash (Dr.) $25,000

Notes Paubraintv-jp.comble (Cr.) $25,000

Salaries Expense (Dr.) $5,500

Cash (Cr.) $5,500

Cash (Dr.) $9,500

Sales Revenue (Cr.) $9,500

Accounts Paubraintv-jp.comble (Dr.) $14,500

Cash (Cr.) $14,500

Cash (Dr.) $5,750

Accounts Receivable (Cr.) $5,750

Utility Expense (Dr.) $1,000

Cash (Cr.) $1,000

Rent Expense (Dr.) $1,750

Prepaid Rent (Dr.) $1,750

Cash (Cr.) $3,500


Trial Balance :

Debits :

Cash $128,950

Accounts Receivable $5,750

Inventory $18,000

Prepaid Rent $1,750

Prepaid Insurance $1,800

Salaries Expense $5,500

Cost of Goods Sold $12,000

Rent Expense $1,750

Utilities Expense $1,000

Total : $176,500


Accounts Paubraintv-jp.comble $15,500

Notes Paubraintv-jp.comble $25,000

Revenue $21,000

Common Stock $115,000

Total : $176,500

8 0
6 months ago

While Silk Soymilk engages in environmental scanning and analysis, the company is more likely to change its products and marketi
jolli1 <7>

ubraintv-jp.com: reactive

Explanation: Reactive marketing refers to the planning done by an organisation for marketing purpose, by taking into consideration the potential competition in the future. In simple words, it focuses on solving the problems before it happens.

In the given case, the company is changing their work structure to adapt to the changes that may create problems in future.

Thus, from the above we can conclude that silk soymilk has an reactive approach.

7 0
4 months ago

Alternate Outputs from One Day"s Labor Input:
Alika <10>


4 ubraintv-jp.comrds of Textiles


Opportunity cost is the revenue forgone, for earning the current revenue, it is basically not any kind of monetary cost but it is the cost in terms of loss of revenue in choosing the current revenue generating transaction.

Here when we are calculating the opportunity cost for wheat = 1 bushel in India we will compare it with opportunity foregone in India only, and not of USA.

Therefore opportunity cost of 1 bushel in India =

= 4 ubraintv-jp.comrds of textiles for 1 bushel of wheat.

Opportunity cost of a unit bushel wheat in India is 4 ubraintv-jp.comrds textiles.

5 0
6 months ago

Suppose you have two options when investing money in the stock market: stock A and stock B. The returns on both are dependent on
allsm <11>


a. 14%

b. 5%


Expected return is the weighted average of the returns on a stock given the state of the economy.

Economic boom is twice as likely as an economic downturn.

See more: Computer Simul A Scientist Uses A Simulation Because It, A Scientist Uses Simulation Because It

Boom probability = 2/3

Downturn = 1/3

a. Expected return of stock A

= (16% * 2/3) + (10% * 1/3)

= 10.67% + 3.33%

= 14%

b. Expected return of stock B:

= (9% * 2/3) + ( -3% * 1/3)

= 6% + (-1%)

= 5%

7 0
10 months ago

On the Statement of Cost of Goods Manufactured, Cost to Manufacture is added to __________ (Beginning or Ending) Work in Process
Amiraneli <1.4K>


Beginning and Ending


COGM stands or termed as Cost of goods manufactured, which is used in the managerial accounting, it refers to the statement, which shows the aggregate production costs of the company or business during a particular period of time.

In short it is the aggregate cost which is incurred to manufacture the products and transfer the products into the finished goods inventory for the purpose of retail sale.

The formula to evaluate the COGM is:

COGM = Cost of Manufactured goods (involve Direct Materials Used, Manufacturing Overhead and Direct Labor Used) + Starting Work in Process (WIP) Inventory - Ending Work in Process (WIP) Inventory

5 0
5 months ago
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