External link to Question : 6) The best method to determining weights for the stand-alone : 1211851

Question : 6) The best method to determining weights for the stand-alone : 1211851

  6) The best method to determining weights for the stand-alone revenue-allocation method is ________. A) selling prices revenue-allocation method because the weights explicitly consider the prices customers are willing to pay for the individual products B) unit cost revenue-allocation method because it can be used on all occasions C) the direct revenue-allocation method since selling prices or unit costs are difficult to calculate for […]

External link to Question : 123. Use the information in the adjusted trial balance presented below : 1257829

Question : 123. Use the information in the adjusted trial balance presented below : 1257829

  123. Use the information in the adjusted trial balance presented below to calculate the current ratio for Taron Company, Inc.:  Account Title Dr. Cr. Cash      23,000   Accounts receivable      16,000   Prepaid insurance        6,600   Equipment    100,000   Accumulated Depreciation—Equipment        50,000 Land      95,000   Accounts payable        17,000 Interest payable          2,400 Unearned revenue          […]

External link to Question : 113.A machine costs $180,000 and will have an eight-year life, : 1236807

Question : 113.A machine costs $180,000 and will have an eight-year life, : 1236807

  113.A machine costs $180,000 and will have an eight-year life, a $20,000 salvage value, and straight-line depreciation is used. Management estimates the machine will yield an after-tax net income of $12,500 each year. Compute the accounting rate of return for the investment.     A.12.5%. B.26.8%. C.11.8%. D.10.8%. E.22.5%. 114.Poe Company is considering the purchase of new equipment costing $80,000. The projected annual cash inflows […]

External link to Question : 44. The amount of increase or decrease in revenue that expected : 1227057

Question : 44. The amount of increase or decrease in revenue that expected : 1227057

  44. The amount of increase or decrease in revenue that is expected from a particular course of action as compared with an alternative is termed: A. manufacturing marginB. contribution marginC. differential costD. differential revenue   45. The amount of increase or decrease in cost that is expected from a particular course of action as compared with an alternative is termed: A. period costB. product costC. differential costD. discretionary cost   46. A cost that will not be […]

External link to Question : Multiple Choice Questions 11.A list of all the accounts used by : 1199058

Question : Multiple Choice Questions 11.A list of all the accounts used by : 1199058

  Multiple Choice Questions  11.A list of all the accounts used by a company showing an identifying number for each account is called:    A.A general journal   B.An Inventory Journal   C.A chart of accounts   D.A balance sheet   E.Subsidiary ledgers         12.On the Navigation Bar, make the following selections to make a general journal entry:    A.Inventory & Services Navigation Center, […]

External link to Question : 9) Ken’s Kandy prepared the following preliminary balance sheet a : 1253350

Question : 9) Ken’s Kandy prepared the following preliminary balance sheet a : 1253350

  9) Ken’s Kandy prepared the following preliminary balance sheet a few days before its December 31 yearend:   Ken’s Kandy Preliminary Balance Sheet December 27, 2011 Cash$1,000Accounts payable$4,000 Accounts receivable2,000                            Inventory500Common stock3,000 Equipment5,500Retained earnings2,000 Total liabilities & Total assets$9,000shareholders’ equity$9,000 Ken is concerned about the size of the accounts payable in relation to the company’s cash and other current assets. He asks the […]

External link to Question : 31) A busy law office has a central administration set : 1196246

Question : 31) A busy law office has a central administration set : 1196246

  31) A busy law office has a central administration set up, with the admin work for all lawyers shared by the clerical staff. Clients are billed at the firm’s hourly rate by the firm. The arrangement is that whenever there is admin work to be done, it is assigned to whoever is available at the time. One of the lawyers has complained that she […]

External link to Question : 190. Simpson Designers began operations April 1, 2011. The financial statements : 1226638

Question : 190. Simpson Designers began operations April 1, 2011. The financial statements : 1226638

  190. Simpson Designers began operations on April 1, 2011.  The financial statements for Simpson Designers are shown below for the month ended April 30, 2011 (the first month of operations).  Determine the missing amounts for letters (a) through (o).  Simpson DesignersIncome StatementFor the Month Ended April 30, 2011 Fees earned   $27,000 Operating expenses:        Wages expense $5,250      Rent expense (a)      Supplies […]

External link to Question : 101. The employee earnings record would contain which column that the : 1226650

Question : 101. The employee earnings record would contain which column that the : 1226650

    101. The employee earnings record would contain which column that the payroll register would probably not contain? A. deductionsB. paymentC. earningsD. cumulative earnings   102. The detailed record indicating the data for each employee for each payroll period and the cumulative total earnings for each employee is called the  A. payroll registerB. payroll checkC. employee’s earnings recordD. employer’s earnings record   103. An employee receives an hourly rate of $15, with time and a half […]

External link to Question : 61.On November 1, a French company purchased machinery from an : 1237538

Question : 61.On November 1, a French company purchased machinery from an : 1237538

    61.On November 1, a French company purchased machinery from an American company for 800,000 Euros when the exchange rate was $0.83. When preparing financial statements on December 31, assuming the rate for Euros was $0.88, what amount of gain or loss should the American company report?    A. $40,000 gain.   B. $40,000 loss.   C. $19,000 gain.   D. No gain or loss would be reported. €800,000 […]

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