Garcia manufacturing has two processes-coloring and mixing. the company assigned $390,000 to the 6000 gallons of paint transferred from mixing department to finished goods inventory. the journal entry to record this assignment of cost is debit finished goods inventory, $390,000; credit work-in-process inventory-mixing, $390,000 debit work-in-process inventory-mixing, $390,000; credit finished goods inventory, $390,000 debit finished goods inventory, $390,000; credit cost of goods sold, $390,000 debit cost of goods sold, $390,000; credit finished goods inventory, $390,000

In the context of your career choice, your own business skills cannot influence the level of your personal financial success. a. true b. false

Mr. smith recently faced a choice between being (a) an economics profes-sor, which pays $60,000/yr, or (b) a safari leader, which pays $50,000/yr. after careful deliberation, smith took the safari job, but it was a close call. "for a dollar more," he said, "i'd have gone the other way."now smith's brother-in-law approaches him with a business proposition. the terms are as follows: - smith must resign his safari job to work full-time in his brother-in-law's business.- smith must give his brother-in-law an interest-free loan of $100,000, which will be repaid in full if and when smith leaves the business. (smith currently has much more than $100,000 in the the business will pay smith a salary of $70,000/yr. he will receive no other payment from the business.the interest rate is 10 percent per year. apart from salary considerations, smith feels that working in the business would be just as enjoyable as being an economics professor. for simplicity, assume there is no uncertainty regarding either smith's salary in the proposed business or the security of his monetary investment in it. should smith join his brother-in-law and, if so, how small would smith's salary from the business have to be to make it not worthwhile for him to join? if not, how large would smith's salary from the business have to be to make it worthwhile for him to join?

Iam trying to get more members on my blog. how do i do this?