81. The entry to adjust for the cost of supplies used during the accounting period is A. Supplies Expense, debit; Supplies, credit B. Capital Stock, debit; Supplies, credit C. Accounts Payable, debit; Supplies, credit D. Supplies, debit; credit Capital Stock 82. A business pays weekly salaries of $20,000 on Friday for a five-day week ending on that day. The adjusting entry necessary for the business at the end of the […]
118. If an issuer sells bonds at a date other than an interest payment date: A. This means the bonds sell at a premium. B. This means the bonds sell at a discount. C. The issuing company will report a loss on the sale of the bonds. D. The issuing company will report a gain on the sale of the bonds. E. The buyers normally pay the issuer […]
155. List the internal control objectives illustrated by the following: (a) keeping the inventory storeroom locked (b) counting the inventory at the end of the accounting period and comparing it with the inventory ledger clerk’s records (c) using subsidiary ledgers and a perpetual inventory system 156. Describe three inventory cost flow assumptions and how they impact the financial […]
11) On January 1, 2011, Ajax Corporation signed a $1,000,000, 7%, 10-year mortgage note to buy a new warehouse. The note will be repaid in 10 equal annual installments of $142,378. Over the 10-year period, as each installment payment is made, the amount that Ajax Corporation will show on its balance sheet for mortgage payable will ________. A) increase B) decrease C) stay the […]
51. A maker who dishonors a note is one who does not pay it upon maturity. 52. A dishonored note receivable is usually reclassified as an account receivable. 53. The practice of placing dishonored notes receivable into accounts receivable keeps only notes that have not matured in the Notes Receivable account. 54. The matching principle requires that accrued interest on outstanding […]
8) On November 10, Twister Rides issued a 14%, 90-day, $15,000 promissory note. Twister should record the payment of the note on the maturity day as: A) debit Notes Payable $15,525; credit Cash $15,525. B) debit Notes Payable $15,000; debit Interest Payable $525; credit Cash $15,525. C) debit Notes Payable $15,000; debit Interest Expense $525; credit Cash $15,525. D) debit Notes Payable $15,000; credit […]
Multiple Choice Questions 25.Which of the following statements is not correct? A.The amount of social security tax withheld depends on an employee’s gross earnings, marital status, and number of withholding allowances. B.Federal law requires that social security, Medicare, and federal income taxes be deducted from the gross pay of most employees. C.Medicare taxes are levied in an equal amount on both employers and employees. […]
71. The standard costs and actual costs for direct materials for the manufacture of 2,500 actual units of product are as follows: Standard Costs Direct materials (per completed unit) 1.04 kilograms @$8.75 Actual Costs Direct materials 2,500 kilograms @ $8 The amount of direct materials price variance is: A. $1,875 unfavorableB. $1,950 favorableC. $1,875 favorableD. $1,950 unfavorable 72. The standard costs and actual costs for […]
81. Allowance for Doubtful Accounts has a credit balance of $1,300 at the end of the year (before adjustment). The company prepares an analysis of customers’ accounts to estimate the amount of uncollectible accounts of $41,900. Which of the following adjusting entries would be made to record the Bad Debt Expense for the year? A. debit Allowance for Doubtful Accounts, $40,600; credit Bad Debt Expense, […]
106) Refer to the balance sheet above. a. What is Little Company’s debt-to-equity ratio now? b. If Little Company buys a $10,000 warehouse by paying $1,000 down and signing a ten-year mortgage note for the remainder, what will Little Company’s debt-to-equity ratio be? c. If Little Company buys a $10,000 warehouse by paying cash for the full amount, what will Little Company’s debt-to-equity ratio […]
Managers spend one third of their time communicating up and down the organizational hierarchy. Communication is the transfer and understanding of information from one person to another. The communication model comprises of several parts.
We want to examine the communication pathway or medium in which communication is delivered. The communication pathway is the way messages are sent, including:
While some people may be better at using certain mediums over others, some mediums can be better suited for the specific message being conveyed. For this week's discussion, suppose you are a manager who needs to communicate several messages to employees of the company.
Respond to the following for each of the messages above:
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