The Tax Professional must launch Practice-in-the-Cloud environment. the act of managing, processing, and storing data on a network of remote servers located on the internet rather than a local server or personal computer.
Users and businesses Tax can avoid managing physical servers or running software on their own computers by utilising cloud computing. According to NIST Special Publication 800, a cloud environment is a group of interconnected systems and processes that work together to provide services in a way that is independent of the underlying hardware or software used for that purpose. It includes hybrid clouds as well as private, public, and community clouds.
To learn more about Tax, click here.
https://brainly.com/question/16423331
#SPJ4
experimental question: how does ph affect the rate of product production?
In addition to affecting the enzyme's activity, PH also has an impact on the substrate's charge and shape, making it difficult for the substrate to bind to the active site or catalyse the formation of a product.
The structural and morphological alterations of enzymes and substrates may be reversible in a limited pH range. The pH of an acid or base will vary product water is added. Since the majority of water's molecules are water, adding water to an acid or base lowers the amount of ions present in the solution. When water is added to an acidic solution.
To learn more about product, click here.
https://brainly.com/question/22852400
#SPJ4
compare and contrast time and place utility, and explain how they contribute to the value of products what is the importance of time and place utility in our global economy?
Making goods and services accessible at convenient times and locations increases client satisfaction. Time utility is the provision of goods or services to customers at the time of their demand or necessity.
Place utility refers to placing goods or services in places where customers may conveniently obtain them. Place utility suggests that customers have access to the product where they are looking for it. Customers should have access to products when they need them, according to time utility. Logistics improves the form and possession utilities that are added by manufacturing and marketing, respectively, and adds place, time, and quantity utilities to goods and services.
To learn more about customers, click here.
https://brainly.com/question/13735743
#SPJ4
A company makes engines for cars. The company buys castings from outside for $150. Doing an analysis it has found that if they start making the castings, it will save them $10. Of the cost of $140 that they anticipate for the casting per unit, they estimate $50 will be material, $60 will be labor, and $30 will be overhead. Should they make the decision to start making the castings?
The answer is, It makes sense, however it would be helpful to see if they can actually save $10 per casting. Occasionally, entering a new product line may involve costs that are not immediately apparent.
What is the definition and sentence for a product?Something that is created with the intention of being sold, typically something made through an industrial process or, less frequently, something that is cultivated or gained through farming: They produce a variety of skincare items. The product sells itself because it is so excellent.
What does the term "product" signify in marketing?A product is anything that can be supplied to a market to satiate a customer's need or desire. In marketing, a product is an item, system, or service that is made accessible for consumer usage in response to consumer demand.
To know more about Product visit:
https://brainly.com/question/22852400
#SPJ4
what was the balance in mako's finished goods inventory account at the end of august?
To determine the balance in Mako's finished goods inventory account at the end of August, you would need access to the company's financial records. The balance in the finished goods inventory account can be found on the company's balance sheet, which is a financial statement that shows a company's assets, liabilities, and equity at a specific point in time.
As a student, it is important to understand the concept of inventory in accounting. Inventory refers to the raw materials, supplies, and finished goods that a company holds for sale. The balance in a company's finished goods inventory account reflects the value of the finished goods that the company has on hand at a given point in time.
The balance in Mako's finished goods inventory account at the end of August would represent the total value of the finished goods that the company had on hand and ready for sale at that time. This information can be used by management to make decisions about production levels, purchasing of raw materials, and other inventory-related decisions.
It is important to understand the concept of inventory and how it affects a company's financial performance. By tracking the balance in a company's finished goods inventory account, you can gain a better understanding of the company's operations and financial health.
To know more about inventory refer to-
brainly.com/question/15118949#
#SPJ11
Analyse two effects on the restaurant's break even analysis of introducing the proposed new menu
A firm can determine the minimal sales volume necessary to avoid losses by using break-even analysis.
Break-Even Point = Total Fixed Costs ÷ (Total Sales - Total Variable Costs ÷ Total Sales)What is break-even analysis?A small-enterprise accounting method called "break-even analysis" can be used to estimate when a firm, or a novel item or service, would become successful. The number of goods or services you must sell to at least pay your production expenses is calculated from a financial perspective.
Simply said, break-even analysis enables you to identify the point at which your company, or a new product or service, will become profitable. Investors also use it to identify the moment at which they will recover their investment and begin to profit.
Learn more about break-even analysis, here:
https://brainly.com/question/28558499
#SPJ1
if the us economy decreases production of blue jeans by 6,000 units and increases production of burritos by 5,000 units, what is the opportunity cost of each burrito?
When you create more and more of one good while sacrificing more and more of another, you incur increasing opportunity costs.
How do you know if an opportunity cost increases or decreases?Different opportunity costs are reflected by the various shapes of the curves. The concave (bowed out) curve represents a rising opportunity cost, the convex (bowed in) curve a falling opportunity cost, and the straight line curve a constant opportunity cost.Constant costs mean that all resources are of equivalent quality and suitability for producing both goods. As opportunity costs rise, more and more D must be sacrificed in order to produce each additional unit of G.Expanding opportunity cost Depending on the situation, the economics definition of opportunity cost can differ. For instance, there can be a trade-off between berry collecting and rabbit hunting.To learn more about opportunity refer to:
https://brainly.com/question/14611962
#SPJ4
What does it mean to have a negative savings rate?
The term “negative savings rate” is pretty intuitive. It's when savings are negative because people are spending more money than they earn.
The term “bad savings fee” is pretty intuitive. it's whilst savings are terrible because people are spending extra cash than they earn. A poor financial savings rate on a character degree most effectively affects one man or woman and his or her economic dependents.
A bad financial savings fee approach is that even as consumers may be pumping plenty of cash into the economic system, they’re placing themselves susceptible to going through an economic disaster that might slow components down for absolutely everyone inside the destiny. now and again this can be transient, like when you have an activity with seasonal high and occasional times. but if this is a persistent nation, it may be time to do so in my view or as a society. here are some situations where having a terrible financial savings price ought to spell problems.
To learn more about Negative savings rates visit here:
brainly.com/question/17999892
#SPJ4
You put up $50 at the beginning of the year for an investment. The value of the investment grows 4% and you earn a dividend of $3.50. Your HPR was ____
a. 4.00%
b. 3.50%
c. 7.00%
d. 11.00%
4%+(3.50/50)=11%
You put up $50 at the beginning of the year for an investment. The value of the investment grows 4% and you earn a dividend of $3.50. Your HPR was 11.00%.
Are dividends a sign of success?The portion of profits and retained earnings that a business distributes to its owners and shareholders is known as a dividend. The retained earnings that a firm creates when it makes a profit can either be invested back into the company or distributed as a dividend to shareholders.
A dividend example is what?A dividend in the form of additional shares instead of cash is known as a stock dividend. Parts of the each existing share are given out as distributions. A corporation would pay 0.05 shares for every share a shareholder owns if it offers a stock dividend of 5%, for instance.
To know more about dividend visit:
https://brainly.com/question/29510262
#SPJ4
mill justified utilitarianism from rival perspectives when he argued
Mill defended utilitarianism against opposing viewpoints when he claimed Rawls rejects it.
That there are numerous competing principles of justice that all appear to be plausible but are incompatible with one another because utilitarianism lacks the ability to give a clear norm of justice. A family of normative ethical theories known as utilitarianism recommends acts that will enhance everyone's happiness and well-being. The fundamental principle behind all forms of utilitarianism is, in some sense, to maximise utility, which is frequently characterised in terms of well-being or related concepts. This is true even though different types of utilitarianism admit alternative characterizations.
To learn more about utilitarianism click here
brainly.com/question/28148663
#SPJ4
Answer:
Why might people argue that utilitarianism fails to guarantee rights and/or
justice? What is Mill's response?
(2 Marks)
why must the manager sign the inspection document after the inspector has completed the investigation
After the inspector has completed the investigation, the manager signs the inspection document to confirm that the inspection was successful.
What is an inspection document?An inspection certificate is a certificate that certifies that shipped goods have been inspected and comply with the terms of the sales contract. It is only required on certain items, such as industrial machinery, perishable goods, and meat.Measuring, testing, examining, or gauging the features of a process or product are all examples of inspections. Following that, the inspectors compare their findings to specific rules and regulations. If a machine or piece of equipment fails, inspectors may conduct a failure analysis.Thus, discovery and inspection of documents refers to the process by which either the plaintiff or defendant can learn about the material facts of the other party, or documents possessed by the other parties or power relevant to the issue in the suit.To learn more about inspection document refer to :
https://brainly.com/question/13262567
#SPJ4
what does a company have that lists specific behaviors and efforts expected of employeesa. honor pledgeb. code of ethicsc. compliance pland. coding classification
The correct response is b. code of ethics. A company's code of ethics lists specific behaviors and efforts expected of employees.
It explores what is ethically right or wrong, just or unjust, and examines the intellectual foundations for our moral judgments. Ethics, taken in a broader sense, considers how people interact with one another and with nature, as well as how they should exercise their freedom and justice. Normative ethics, metaethics, and practical ethics are the conventional divisions within the field of ethics. The study of ethics examines the morality of human behaviour. Philosophy's study of moral principles falls within this subfield. Ethics is also known as Moral Philosophy as a result. Index of contents. The area of normative ethics, sometimes known as moral philosophy or ethics, is concerned with standards of what is ethically right and wrong.
Learn more about ethics here
https://brainly.com/question/26571250
#SPJ4
noodlecake purchases and receives $10,000 in computers, printers and desks in exchange for its promise to pay next month. what is the effect of this purchase on account on the accounting equation? (check all that apply.)
The effect of this purchase on the accounting equation is: A: "Total assets increase"; B: "Total liabilities increase"; C: "Total stockholders equity remains the same".
The accounting equation states that Assets = Liabilities + Stockholders' Equity. In this case, Noodlecake has acquired new assets (computers, printers, and desks) in exchange for a promise to pay (liability) next month. As a result, the assets of the company have increased by $10,000, while the liabilities have also increased by $10,000, keeping the equation in balance.
Whereas, total stockholders equity does not change, it remains the same.
"
Complete question:
noodlecake purchases and receives $10,000 in computers, printers and desks in exchange for its promise to pay next month. what is the effect of this purchase on account on the accounting equation? (check all that apply.)
1) total assets increase
2) total liabilities increase
3) total stockholders equity remains the same
"
You can learn more about accounting equation at
https://brainly.com/question/26243955
#SPJ4
what is the socioeconomic impacts of business in supplier and investors
The socioeconomic impacts of business are complex and multifaceted, and depend on a variety of factors, including the nature of the business, the local economic and social conditions, and the strategies and actions taken by the business.
The impacts of business on suppliers can be both positive and negative. On the positive side, a business can provide suppliers with a steady source of income and job security, as well as opportunities for growth and development.
This can help to boost local economies and improve the standard of living for those in the community. On the other hand, a business can also put pressure on suppliers to reduce costs and increase efficiency, which can lead to lower wages and poorer working conditions.
The impacts of business on investors are also complex. On the one hand, investors can benefit from the profits generated by a business, which can provide a return on their investment.
On the other hand, the long-term success of a business is dependent on a variety of factors, including market conditions, competition, and the ability to effectively manage costs and risks.
If these factors are not managed properly, the value of an investment in a business can decline, causing significant financial losses for investors.
It is important for businesses to consider the potential impacts of their operations on suppliers and investors, and to take steps to minimize any negative impacts and maximize the positive ones.
To learn more about business refer here
https://brainly.com/question/15826604#
#SPJ11
If you have heteroskedasticity such that the sample can be divided into groups with each group having a different error variance, what estimation technique should be used?
a.) FGLS—feasible generalized least squares
b.) WLS—Weighted least squares
c.) White’s robust estimator
d.) log-linear least squares
In WLS, the residual variance is estimated for each group and used to weight the observations accordingly in the regression. So, The answer is option B.
This allows the model to account for the differing variances, resulting in more efficient and robust estimates.
Feasible Generalized Least Squares (FGLS) is a related estimation technique that is used when the error variance is not constant but can be modeled as a function of the independent variables.
White's robust estimator is a technique that is used to address the problem of heteroskedasticity by using a more robust estimate of the error variance.
To read more about Weighted Least Squares, visit- https://brainly.com/question/29834077
#SPJ11
we+deposit+$10+into+the+account+that+pays+0.5%+per+month+in+the+first+month,+$20+in+the+second+month,+$30+in+the+third+month+and+so+on.+how+much+money+will+the+account+have+after+24+months?
A consumer can deposit and withdraw funds from a deposit account, which is a bank account kept by a financial institution.
If you deposit $10 into an account that pays 0.5% per month in the first month, $20 in the second month, $30 in the third month and so on, the account will have a total of $7,640 after 24 months.
To calculate this, we can use the formula for sum of an arithmetic sequence, which is S = n/2 * (a + l), where S is the sum, n is the number of months, a is the first term and l is the last term.
In this case, n = 24, a = 10 and l = 350.
Plugging this into the equation, we get S = 24/2 * (10 + 350) = 7,640.
Therefore, after 24 months, the account will have a total of $7,640.
To learn more about account click here:
brainly.com/question/26181559
#SPJ4
explain the concept of market and market identification
A market is a collection of customers who share an enthusiasm for, a requirement for, or a desire for a particular commodity or service. By categorizing consumer demographic, regional, and psychographic data, marketers are able to pinpoint markets' shared interests.
What is the concept of market?A market is the total number of buyers and sellers in the area or region under consideration. The region might be the entire planet, or it could be made up of several nations, states, or cities. A market's supply and demand factors determine the worth, cost, and price of the goods sold.Age, gender, income, education, and geography are typical characteristics of the target market. A neighborhood coffee shop might choose to target well-educated persons in the 25–55 age range who live or work three blocks away, have high-paying white-collar employment, and fit this description.Any location where buyers and sellers gather to exchange goods is referred to as a market. This could be a physical storefront or an online marketplace.To Learn more About market Refer TO:
https://brainly.com/question/25754149
#SPJ4
Let p be the price of an item and q be the number of items sold at that price, where q = f(p). What do the following quantities mean in terms of prices and quantities sold? f(30) is the A. price for which 30 items are sold B. average price of the first 30 items sold. C. rate at which items are sold when the price is 30.
D. rate at which the price is changing when 30 items are sold. E. median number of items sold if the price is no more than 30. F. revenue generated by the sale of 30 items. G. number of items sold when the price is 30.
A.The quantity f(30) represents the number of items sold at a price of 30 and in B. The quantity f(30) does not represent the average price of the first 30 items sold. Following quantities mean in terms of prices and quantities :
A. The quantity f(30) represents the number of items sold at a price of 30.
B. The quantity f(30) does not represent the average price of the first 30 items sold.
C. The quantity f(30) represents the number of items sold at a price of 30. It does not represent the rate at which items are sold when the price is 30.
D. The quantity f(30) does not represent the rate at which the price is changing when 30 items are sold.
E. The quantity f(30) does not represent the median number of items sold if the price is no more than 30.
F. The revenue generated by the sale of 30 items is equal to 30 * p, not f(30).
G. The quantity f(30) represents the number of items sold at a price of 30.
To know more about price here
https://brainly.com/question/19091385
#SPJ4
task question how would you reposition product able so it is more appealing to high tech customers?
To reposition the product to be more attractive to high-tech customers, we could focus on emphasizing the product's technological capabilities. We could highlight the advanced features of the product, such as its compatibility with the latest software and hardware, its speed and ease of use, its security features and its ability to integrate with other systems.
We might also create content to showcase product features, such as how-to videos and detailed product descriptions. We could also ensure that our marketing messages reflect the product's high-tech capabilities by focusing on the value it can bring to tech-savvy customers. Additionally, we could create relationships with influencers in the technology space to help promote the product.
To know more about tech savvy click here
https://brainly.com/question/14313284
#SPJ4
Because Nebraska specializes in the production of corn and Maine specializes in the production of lobsters, the two states could engage in trade that benefits both parties. This law of economics is known as
supply and demand
parallel consumption
comparative advantage
relative distribution
The law of economics that is represented by the trade that is going on here is comparative advantage.
What is comparative advantage?Comparable advantage refers to a situation where a country or region has a lower opportunity cost of producing a particular good compared to another country or region. In other words, it's more efficient for one region to produce corn, and for another to produce lobsters, given their respective resources and production capabilities.
By trading with each other, both states can specialize in what they are better at producing and enjoy the benefits of a larger and more diverse supply of goods and services. This leads to a mutually beneficial outcome, where each state can produce more efficiently and consume a greater variety of goods and services than they would be able to if they were only producing for their own needs.
Read more on comparative advantage here:https://brainly.com/question/12291750
#SPJ1
economics is defined as (1pts) question 1 - economics is defined as study of human activity. science of scarcity. study of markets. study of human activity.
Economics is a branch of study that examines how human behavior relates to scarce resources with multiple applications.
Economics is the study of scarcity and how it affects how resources are used, how commodities and services are produced, how production and welfare increase over time, and a wide range of other complicated concerns that are extremely important to society.
Economics is a social science that examines how products and services are produced, distributed, and consumed as well as the decisions that people, corporations, governments, and nations make when allocating resources.
Know more about Economics
https://brainly.com/question/17996535
#SPJ4
the law of demand states that: question 29 options: a) higher prices will lead producers to offer less of their products for sale during a given period. b) higher prices will lead producers to offer more of their products for sale during a given period. c) the lower a product's price, the more of that product consumers will purchase during a given period. d) the lower a product's price, the less of that product consumers will purchase during a given period.
The law of demand states that c) the lower a product's price, the more of that product consumers will purchase during a given period.
Economics is the study of how people use limited resources to meet boundless desires. The law of demand focuses on such limitless desires.
In their economic conduct, people naturally prioritize more urgent demands and needs over less urgent ones, and this carries over into how people choose among the limited resources accessible to them.
For any economic good, the initial unit that a consumer obtains tends to be utilized to satisfy the consumer's most pressing need that that good can satisfy. Price changes can cause movement along a demand curve, but they can not increase or decrease demand on their own.
To know more about law of demand:
https://brainly.com/question/10782448
#SPJ4
under what conditions does a cobb-douglas production function, exhibit decreasing, constant
There are rising returns to scale if a+b>1. We obtain constant returns to scale for a+b=1. We see declining returns to scale if a+b1. There are decreasing returns to scale.
If output increases by less than the proportional change in all inputs (DRS). There are growing returns to scale if output grows by a percentage more than the proportionate change in all inputs (IRS). Capital input is K. (a measure of all machinery, equipment, and buildings; the value of capital input divided by the price of capital) A is the production of all factors. The output elasticities of labour and capital are, respectively.
To learn more about returns, click here.
https://brainly.com/question/15170929
#SPJ4
what are the important task in the audit of the revenue cycle is determining whether a client has appropriately recognized revenue.
Determining the appropriateness of revenue recognition is a crucial task in auditing the revenue cycle.
The revenue cycle refers to the process of recognizing, recording, and reporting revenue for an organization. An important aspect of auditing the revenue cycle is to verify that revenue has been recognized in accordance with relevant accounting standards and regulations.
This includes reviewing the contracts and agreements with customers, as well as verifying that revenue has been recorded at the correct time and in the correct amount. The auditor must also assess the risk of misstatements in the revenue recognition process and determine whether the client has implemented adequate controls to ensure the accuracy of revenue recognition.
In short, the auditor's role in the revenue cycle is to provide assurance that the organization's financial statements accurately reflect the revenue generated by the business. Properly auditing the revenue cycle is essential for ensuring the reliability and integrity of an organization's financial reporting.
To know more about revenue cycle click on the link below:
https://brainly.com/question/30263155#
#SPJ11
Which accounts are impacted, and how, by the posting of the special columns of a sales journal? 1.Accounts Receivable is debited. 2.Sales is credited.
Accounts Receivable is debited , Sales is credited , Sales Tax Payable is credited accounts are impacted, and how, by the posting of the special columns of a sales journal .
What kind of transaction is often entered into a certain journal?
Each special journal, as opposed to a general one, logs specific types of transactions, such sales or purchases.
The purchase is documented in one journal and the sale is recorded in another, for instance, when a business buys goods from a vendor and then sells them to a consumer.
What is accounts sales journal ?
Detail-oriented sales transactions are kept in a sales journal, a supplementary ledger. Its primary goal is to streamline the general ledger by getting rid of a source of high-volume transactions.
Learn more about sales journal
brainly.com/question/15202329.
#SPJ4
shakespeare wrote, "to thine own self be true." how would you apply this statement to your planning and development activities in business?
"To thine own self be true" in a business context means to be honest and authentic in your planning and development activities.
This means setting goals that align with your values, being transparent in your actions and decisions, and conducting business with integrity. By being true to yourself, you build trust with your stakeholders and create a foundation for sustainable success.
Furthermore, when your actions are in line with your beliefs and values, you are more likely to feel fulfilled and satisfied in your work, which can lead to increased motivation and productivity.
In short, being true to yourself in your business activities promotes both ethical behavior and personal fulfillment.
To know more about sustainable success click on the link below:
https://brainly.com/question/7634641#
#SPJ11
the opportunity cost of capital is 7%, but the government offers you a subsidized perpetual loan of $800,000 at 3%. in other words, you get the $800,000 today and, in return, you pay the government $24,000 a year forever. your first payment will be in one year. how much is this subsidy worth? (assume both you and the government will exist forever.
If the opportunity cost of capital is 7%, but the government offers you a subsidized perpetual loan of $800,000 at 3%. The amount that the subsidy worth is: $36,400.
How to find the amount the subsidy worth?The NPV of the loan is calculated as follows:
NPV = -$800,000 + $24,000 / (1 + 3%) + $24,000 / (1 + 3%)^2 + ... = -$800,000 + $24,000 / (1 + 3%) / (1 - 1 / (1 + 3%)^∞)
The NPV of an investment with a return is calculated as follows:
NPV = $800,000 / (1 + 7%)
NPV = $800,000 / 1.07
Subsidy worth = NPV (loan) - NPV (investment)
Subsidy worth = -$800,000 + $24,000 / (1 + 3%) / (1 - 1 / (1 + 3%)^∞) - $800,000 / 1.07
Subsidy worth = $36,400
Therefore the subsidy is worth $36,400.
Learn more about subsidy here:https://brainly.com/question/6945210
#SPJ1
Employers must provide a stairway or a ladder at points of access where the elevation between two steps is _____ inches or more.
As per the OSHA regulations, Where there is a break in elevation of 19 inches (48 cm) or more and no ramp, runway, sloped embankment, or personnel hoist is present, a stairway or ladder must be provided.
The American national standards known as the Occupational Health and Safety Administration (OSHA) regulations were created to guarantee workplace health and safety for all employees. The main regulation of OSHA is that businesses must ensure a safe working environment. All regulations that come after this one are governed by it, and new regulations are frequently made to strengthen it. Employers are required by law to adhere to all OSHA guidelines. OSHA has put into effect hundreds of safety laws that include the maritime, agricultural, and construction industries. There are broad industry regulations for all other types of employment, ensuring that all workers have access to the law in the event that they feel unsafe at work. One such legislation requires companies to ensure that employees receive the necessary training before starting any job and that they have the right to decline doing a task if doing so will endanger their health or safety.
learn more about OSHA guidelines here:
https://brainly.com/question/10682928
#SPJ4
Russian adventures and merchants saw sparsely populated ____, with its plentiful fur-bearing animals, as offering rich opportunities for economic gain.
Russian adventures and merchants saw sparsely populated Siberia, with its plentiful fur-bearing animals, as offering rich opportunities for economic gain.
Russians have always been fans of furs. Fur is widely valued for its warmth and beauty. The Russians were particularly drawn to the amount of fur-bearing animals because of overhunting in Siberia. On their second mission, Bering and Aleksei Chirikov succeeded in reaching North America in 1741 after their first voyage was hindered by thick fog and ice. Russian culture is known for its abundance of men's fur caps and jackets, which keep people warm throughout the long winters. There has never been a sizable anti-fur movement in Russia. Since it is seen to be the best way to stay warm during the frigid winter, fur is popular among the middle class. Due to the harsh climate in Russia, furs are necessary for warmth.
To know more about furs, visit:
https://brainly.com/question/30437535
#SPJ4
borrower cade signs the note and mortgage for a refinance on his principal residence on thursday, december 31. what is the earliest day the funds for his loan can be disbursed (assuming no bona fide financial hardship)?
The earliest day the funds for Cade's loan can be disbursed is Monday, January 4th.
The Truth in Lending Act (TILA) requires a 3-business-day waiting period, known as the "right of rescission," for certain refinancing transactions on a borrower's primary residence. This means that after the borrower signs the note and mortgage, the lender cannot disburse the funds until at least 3 business days have passed.
Since December 31st is a Thursday and New Year's Day (January 1st) is a federal holiday, the earliest day the funds can be disbursed would be Monday, January 4th, which would be the third business day after the loan was signed. However, if there are other factors involved, such as a bona fide financial hardship, the disbursement date could be sooner.
You can learn more about mortgage at
https://brainly.com/question/1318711
#SPJ4
womble inc. has beginning inventory of $340 and an ending inventory of $640 for a given period in which it purchased $14,200 worth of materials. what is the dollar amount of materials used in this period?
For a specific time period in which it made material purchases totaling $14,200, womble Inc. had beginning inventory of $340 and ending inventory of $640. The total cost of the materials utilized during this time was $13,900.
What does accounting employ direct materials for?Direct materials are one type of raw material. Although not all raw materials are used in the same way, direct materials are those that you use directly in your end product. Even today, safety equipment worn by industry workers and cleaning agents used on machines are considered to be raw commodities required for production.
In accounting, the materials used to make a product are referred to as direct materials. These sources need to be closely related to the end result you're producing. Direct material costs are one of the expenses associated with producing a good.
The following formula must be used to determine the amount of direct material used:
Direct material used= beginning inventory + purchases - ending inventory
Direct material used= $340 + $14,200 - $640
= $13,900
Learn more about Direct material used: https://brainly.com/question/20595319
#SPJ4