For each of the following accounts, indicate what event causes the account to increase and to decrease
The answer is not debit or credit.
Account Is increased by: Is decreased by:
Raw Materials Inventory
Work-in-Process Inventory
Finished Goods Inventory
Cost of Goods Sold
What will be an ideal response
Account Is increased by: Is decreased by:
Raw Materials Inventory Materials purchased Materials used
Work-in-Process Inventory Direct materials used
Direct labor incurred
Manufacturing overhead allocated Completion of jobs
Finished Goods Inventory Completion of jobs Shipping of sold units
Cost of Goods Sold Shipping of sold units
Adjusting entry Adjusting entry
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Which of the following is not a factor for the growth of administrative agencies?
a. Increased mobility b. Increased interdependence of people c. Expectation that government will provide more services and benefits d. Fiscal conservative policies
To overcome a supplier's reluctance to making a large investment for the benefit of one buyer,
the buyer may need to integrate vertically backward into the supply chain by ________. A) partnering with another similar firm B) finding multiple similar suppliers C) developing an internal division that becomes the supplier D) making an acquisition