perryjarvisr1751
01.11.2019 •
Business
Leo ink is a company that produces stationery items. in order to remedy the current low-profit situation, the company plans to hire personnel and form a brand new marketing team. the labor market proves to have a shortage of qualified marketing personnel. in this situation, which of the following strategies could leo ink follow to make profits? a) increase offered salary to hire marketing personnel.b) increase its scale of production instead of hiring people.c) branch into production of other items.d) continue in the present state.
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Ответ:
Explanation:
Before passing the journal entry, first we need to do the calculation which is shown below:
The unrealized holding gain or loss would be
= Raw material purchased - market value
= $1,001,800 - $948,900
= $52,900
The journal entry would be
Unrealized holding gain or loss $52,900
To estimated liability on purchase commitment $52,900
(Being purchase is recorded)