External link to Question : 61. When evaluating a special order, management should:A.  Only accept : 1256625

Question : 61. When evaluating a special order, management should:A.  Only accept : 1256625

    61. When evaluating a special order, management should:A.  Only accept the order if the incremental revenue exceeds all product costs.B.  Only accept the order if the incremental revenue exceeds fixed product costs.C.  Only accept the order if the incremental revenue exceeds total variable product costs. D.  Only accept the order if the incremental revenue exceeds full absorption product costs.E.  Only accept the order […]

External link to Question : 91. Which of the following formulas can be used to calculate : 1256629

Question : 91. Which of the following formulas can be used to calculate : 1256629

    91. Which of the following formulas can be used to calculate the debt ratio?  A. Total equity/Total liabilities B. Total liabilities/Total equity C. Total liabilities/Total assets D. Total assets/Total liabilities E. Total equity/Total assets     92. Which of the following statements is ?  A. Higher financial leverage involves higher risk. B. Risk is higher if a company has more liabilities. C. Risk is higher if a company has higher assets. D. The debt […]

External link to Question : Answer the following questions using the information below: Whitman Printing : 1217196

Question : Answer the following questions using the information below: Whitman Printing : 1217196

  Answer the following questions using the information below:   Whitman Printing has contracts to complete weekly supplements required by forty-six customers. For the year 20X5, manufacturing overhead cost estimates total $840,000 for an annual production capacity of 12 million pages.   For 2010 Whitman Printing decided to evaluate the use of additional cost pools. After analyzing manufacturing overhead costs, it was determined that number […]

External link to Question : 20) The Custom Shirt House concerned about its declining sales, : 1217058

Question : 20) The Custom Shirt House concerned about its declining sales, : 1217058

  20) The Custom Shirt House is concerned about its declining sales, especially the reduction in the number of customers. For the last two years, its shirts have won industry awards for high quality and trend-setting styles. At the latest executive managers’ meeting, everyone was blaming everyone else for the decline. After much discussion and presenting some fact-finding information, it was determined that sales relationships […]

External link to Question : 86.A company’s net sales were $676,600, its cost of goods : 1236897

Question : 86.A company’s net sales were $676,600, its cost of goods : 1236897

  86.A company’s net sales were $676,600, its cost of goods sold was $236,810 and its net income was $33,750. Its gross margin ratio equals:    A.5%. B.9.6%. C.35%. D.65%. E.285.7%. 87.A company had net sales of $752,000 and cost of goods sold of $543,000. Its net income was $17,530. The company’s gross margin ratio equals:    A.18.9% B.24.5% C.27.8% D.34.7% E.35.2% 88.Mega Skateboard Supplier had net […]

External link to Question : 71. The difference between the amount received from issuing a note : 1225227

Question : 71. The difference between the amount received from issuing a note : 1225227

  71. The difference between the amount received from issuing a note payable and the amount repaid is referred to as:  A. Interest. B. Principle. C. Face Value. D. Cash. E. Accounts Payable. 72. A short-term note payable:  A. Is a written promise to pay a specified amount on a definite future date within one year or the company’s operating cycle, whichever is longer. B. Is a contingent liability. C. Is an estimated liability. D. Is […]

External link to Question : Use the information below to answer the following question(s). Carnival Furniture : 1186081

Question : Use the information below to answer the following question(s). Carnival Furniture : 1186081

  Use the information below to answer the following question(s).   Carnival Furniture had 60,000 foam cushions in process at May 1 (70% converted) and 40,000 cushions in process at May 31 (50% converted). All direct materials are added at the beginning of the production process. During the month, 140,000 cushions were transferred to finished goods.   21) What is the equivalent units for materials […]

External link to Question : 121.A trial balance that out of balance indicates that: A.The number : 1237566

Question : 121.A trial balance that out of balance indicates that: A.The number : 1237566

    121.A trial balance that is out of balance indicates that:    A.The number of ledger accounts with debit balances is not equal to the number of accounts with credit balances.   B.A debit has been posted to the wrong account.   C.There is not an equality of debit and credit amounts in the ledger.   D.A journal entry has been completely omitted from the […]

External link to Question : 31. As long as the amount collected from credit sales to : 1230639

Question : 31. As long as the amount collected from credit sales to : 1230639

    31. As long as the amount collected from credit sales to a given group of customers exceeds the cost of goods sold and the other costs of serving that group of customers, including the costs of _____ accounts, the retailer will be better off selling to that group rather than losing the sales.   A. delinquent B. uncollectible C. collectible D. preferred E. common   32. An accounting issue for […]

External link to Question : 51) Audio Labs collected the following information the cost of producing : 1196068

Question : 51) Audio Labs collected the following information the cost of producing : 1196068

  51) Audio Labs collected the following information on the cost of producing 20,000 speaker units:   Direct materials$32.00 per unit Direct labour4.00 per unit Variable overhead16.00 per unit Fixed overhead -8.00 per unit (purchasing, receiving, and setups)   Fixed overhead – amortization12.00 per unit Cartunes has offered to sell Audio the speakers for $64.00 each.   Audio Labs has an option to make 10,000 […]

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