Objective 12.4 1) Which component of strategy measures the changes in operating income attributed solely to an increase in the quantity of output between Year 1 and Year 2? A) the growth component B) the price-recovery component C) the productivity component D) the cost leadership component 2) ________ are the subdivisions of income that management accountants use for the strategic analysis of […]
69. Roe Corporation owns 2,000 shares of WRJ Corporation stock. WRJ Corporation has 25,000 shares of stock outstanding. WRJ paid $4 per share in cash dividends to its stockholders. The entry to record the receipt of these dividends is: A. Debit Cash, $8,000; credit Long-Term Investments, $8,000. B. Debt Long-Term Investment, $8,000; credit Cash, $8,000. C. Debit Cash, $8,000; credit Dividend Revenue, $8,000. D. Debit Unrealized Gain-Equity, $8,000; credit […]
91. A leasehold: A. Is a short-term rental agreement. B. Is the same as a patent. C. Are the rights granted to the lessee by the lessor of a lease. D. Is recorded as rent expense. E. Is an investment asset. 92. A company’s old machine,which cost $40,000 and had accumulated depreciation of $30,000, was traded in on a new machine of like purpose having an estimated 20-year […]
91.The following information is taken from Reagan Company’s December 31 balance sheet: Cash and cash equivalents$8,419 Accounts receivable70,422 Merchandise inventories60,362 Prepaid expenses4,100 Accounts payable$14,950 Notes payable86,638 Other current liabilities9,500 If net credit sales for the current year were $612,000, the firm’s days’ sales uncollected for the year is: A.60 days B.85 days C.42 days D.154 days E.70 days […]
109. Six months ago, a company purchased an investment in stock for $70,000. The investment is classified as available-for-sale securities. The current fair value of the stock is $68,500. The company should record a: A. Debit to Unrealized Loss—Equity for $1,500. B. Credit to Unrealized Gain—Equity for $1,500. C. Debit to Investment Revenue for $1,500. D. No entry is required. E. Credit to Investment Revenue for $1,500. 110. On July 31, […]
37) R&D costs are treated as period costs because ________. A) these costs may increase revenues in the current period B) these costs may increase revenues in the future period C) these costs may decrease revenues in the current period D) these costs are expensed when the goods are sold 38) For an automobile manufacturer, period costs include the cost of ________. A) […]
21. Which one of the approaches for the allowance procedure emphasizes the net realizable value of accounts receivable on the balance sheet? A. The percentage-of-receivables approachB. The percentage-of-sales approachC. The percentage-of-accounts written off methodD. The direct write-off method 22. Ready Corporation’s accounts receivable balance after posting net collections from customers for 2012 is $190,000. Management feels that uncollected accounts should be based on the following aging of accounts receivable […]
Answer the following questions using the information below: Comfort Manufacturing is a small textile manufacturer using machine-hours as the single indirect-cost rate to allocate manufacturing overhead costs to the various jobs contracted during the year. The following estimates are provided for the coming year for the company and for the Winton High School band jacket job. CompanyWinton High School Job Direct materials […]
81. The price of one currency stated in terms of another currency is called a(n): A. Foreign exchange rate. B. Currency transaction. C. Historical exchange rate. D. International conversion rate. E. Currency rate. 82. All of the following statements relating to accounting for international operations are True except: A. Foreign exchange gains or losses can occur when accounting for international sales transactions. B. Gains and losses from foreign exchange transactions are accumulated in […]
51) What is the total sales-quantity variance? 51) ______ A) $37,625.00 favourable B) $12,250.00 favourable C) $1,937,50 favourable D) $39,312.00 favourable E) $12,687.50 favourable 52) What is the total sales-volume variance? 52) ______ A) $39,312 unfavourable B) $52,624 favourable C) $42,125 favourable D) $37,625 favourable E) $50,675 unfavourable 53) When the actual mix of products sold shifts in favour of the high-contribution-margin product, 53) […]
In this assignment, you will assess your understanding of the Christian worldview, including the main topics you have covered up to this point. You will summarize and analyze the essential elements of the Christian worldview and reflect on implications for your own worldview.
Write a 1,250-1,500-word essay using at least two course resources (textbook, topic overviews, the Bible) and at least two other sources from the GCU Library to support your points. Remember, the Bible counts as one reference regardless of how many times you use it or how many verses you cite.
Begin your paper with an appropriate introduction, including a thesis statement to introduce the purpose of the paper.
Organize your paper with the following sections, using the seven underlined titles for subheadings.
Write at least one paragraph for each component using the underlined titles for a subheading.
This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.
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