One reason why many of the manufacturing jobs are outsourced is ______.
a. lower labor cost in these countries
b. increased political risk
c. trade barriers
d. greater potential for products of poor quality
a. lower labor cost in these countries
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Sadie and Sam share income equally. For the current year, the partnership net income is $40,000 . Sadie made withdrawals of $14,000, and Sam made withdrawals of $15,000 . At the beginning of the year, the capital account balances were Sadie, capital, $42,000? Sam capital, $58,000 . Sam's capital account balance at the end of the year is
a. $78,000 b. $43,000 c. $63,000 d. $93,000
The ____________________ is the method of reporting cash from operating activities in which net income is adjusted for transactions that affect both net income and cash from operating activities, but in different ways
Fill in the blank(s) with correct word
Required: Prepare a schedule of cost of goods manufactured for Varda, Inc. using the format below.
Varda, Inc. used $213,000 of direct materials and incurred $111,000 of direct labor costs during the
year. Indirect labor amounted to $8,100, while indirect materials used totaled $4,800. Other operating
costs pertaining to the factory included utilities of $9,300; maintenance of $13,500; repairs of $5,400;
depreciation of $23,700; and property taxes of $7,800. There was no beginning or ending finished goods
inventory. The Work-in-Process Inventory account reflected a balance of $16,500 at the beginning of the
period and $22,500 at the end of the period.
Each of the following is one of the 4 Ps EXCEPT ________
A) price B) product C) promotion D) place E) planning