During the current month, a company that uses job order costing purchases $88,000 in raw materials for cash. It then uses $20,000 of raw materials indirectly as factory supplies and uses $57,500 of raw materials as direct materials. Prepare journal entries to record these three transactions

Given the following information, calculate the savings ratio: liabilities = $25,000 liquid assets = $5,000 monthly credit payments = $800 monthly savings = $760 net worth = $75,000 current liabilities = $2,000 take-home pay = $2,300 gross income = $3,500 monthly expenses = $2,050 multiple choice 2.40% 3.06% 34.78% 33.79% 21.71%