External link to Question : 69. If the trial balance totals not equal, the error may : 1202704

Question : 69. If the trial balance totals not equal, the error may : 1202704

  69. If the trial balance totals are not equal, the error may have been caused by a transposition if the difference is divisible by  A. 2. B. 7. C. 9. D. 5. 70. When the trial balance totals are not equal, the error may have been caused by recording a debit as a credit if the difference is divisible by  A. 2. B. 7. C. 9. D. 5. 71. If a trial balance is not […]

External link to Question : 11) Explain when a manager would use cost-volume-profit analysis and : 1217156

Question : 11) Explain when a manager would use cost-volume-profit analysis and : 1217156

  11) Explain when a manager would use cost-volume-profit analysis and sensitivity analysis.   Objective 3.6   Answer the following questions using the information below:   Southwestern College is planning to hold a fundraising banquet at one of the local country clubs. It has two options for the banquet:   OPTION 1:Crestview Country Club a. Fixed rental cost of $1,000 b. $12 per person for […]

External link to Question : 14) The sales-volume variance is: A) $4,000 favorable B) $28,000 : 1217251

Question : 14) The sales-volume variance is: A) $4,000 favorable B) $28,000 : 1217251

  14) The sales-volume variance is: A) $4,000 favorable B) $28,000 unfavorable C) $32,800 unfavorable D) $4,800 favorable   15) Bebee Corporation currently produces cardboard boxes in an automated process. Expected production per month is 40,000 units, direct-material costs are $0.60 per unit, and manufacturing overhead costs are $18,000 per month. Manufacturing overhead is all fixed costs. What is the flexible budget for 20,000 and […]

External link to Question : 181. Using the data from the Koko Company, (a) determine the divisional income : 1233905

Question : 181. Using the data from the Koko Company, (a) determine the divisional income : 1233905

  181. Using the data from the Koko Company, (a) determine the divisional income from operations for the three regions by allocating the service department expenses proportional to the sales of the regions. (b) determine the increase or decrease to net income if C Region did not operate.         A Region B Region C Region Sales $600,000 $900,000 $300,000 Cost of goods sold […]

External link to Question : Multiple Choice 55. Which of the following best describes credit sales? a. : 1255917

Question : Multiple Choice 55. Which of the following best describes credit sales? a. : 1255917

  Multiple Choice     55. Which of the following best describes credit sales? a. Cash sales to customers that are new to the company. b. Sales to customers using credit cards. c. Sales to customers on account. d. Sales with a high risk that the customer will return the product.     56. Credits sales are recorded as: a. Debit Cash, credit Unearned Revenue. […]

External link to Question : 31) An automotive dealership, with a book value of $3,000,000, : 1186237

Question : 31) An automotive dealership, with a book value of $3,000,000, : 1186237

  31) An automotive dealership, with a book value of $3,000,000, and total assets of $5,000,000, has a long history of earning 18%. Last year, the company earned $900,000. The owner is considering acquiring another dealership in a nearby town. If the expansion increases income by 50%, what is the maximum amount of investment the owner can make in the new dealership in order to […]

External link to Question : 148. Identify the statement below that true. A. If the trial balance in : 1257786

Question : 148. Identify the statement below that true. A. If the trial balance in : 1257786

  148. Identify the statement below that is true.  A. If the trial balance is in balance, it proves that no errors have been made in recording and posting transactions. B. The trial balance is a book of original entry. C. Another name for the trial balance is the chart of accounts. D. The trial balance is a list of all accounts from the ledger with their balances at a […]

External link to Question : 41. The adjusting entry to record accrued interest a note payable : 1197571

Question : 41. The adjusting entry to record accrued interest a note payable : 1197571

    41. The adjusting entry to record accrued interest on a note payable requires a debit to  A. Interest Income and a credit to Notes Payable. B. Interest Payable and a credit to Interest Expense. C. Interest Expense and a credit to Cash. D. Interest Expense and a credit to Interest Payable.   42. Allowance for Doubtful Accounts is reported in the  A. Assets section of the balance sheet. B. Operating Expenses […]

External link to Question : 78. Which of the following not recognized as a source of : 1229324

Question : 78. Which of the following not recognized as a source of : 1229324

    78. Which of the following is not recognized as a source of generally accepted accounting principles?  A. Widespread and long-term use of a particular practice. B. The Financial Accounting Standards Board (FASB). C. The American Institute of Certified Public Accountants (AICPA). D. Statements of the Committee of Sponsoring Organizations (COSO).   79. In the phrase “generally accepted accounting principles,” the words generally accepted mean that the principles:  A. Have been […]

External link to Question : 81. Which of the following an example of a non-financial measure? A. lead : 1251769

Question : 81. Which of the following an example of a non-financial measure? A. lead : 1251769

    81. Which of the following is an example of a non-financial measure?  A. lead time B. setup time C. units scrapped D. all of the above   82. Which of the following is best suited to providing timely and focused performance information?  A. non-financial information B. financial accounting information C. cost accounting information D. variance analysis   83. Rabbitt Co. operates in a just-in-time manufacturing environment. For June production, Rabbitt purchased 5,000 units of […]

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