98.Use this information to answer the following question. The transactions below pertain to Broyer Company, whose fiscal year ends September 30. Sept. 10 Received cash for a 90-day, 12 percent, $25,000 note payable. Interest is in addition to the face value. 30 Made end-of-year adjusting entry to accrue interest expense. The September 30 adjusting entry, rounded to the nearest […]
61. Which of the following will not cause a trial balance to be out of balance? A. The balance for the account is incorrectly computed.B. A debit entry is posted as a credit.C. A credit entry is posted to the wrong account, but still as a credit.D. An account is accidentally omitted from the trial balance. 62. Randomly listed below are the steps for preparing a trial balance: (1) […]
61.Richard’s Sporting Goods reports net income of $100,000, net sales of $500,000, and average assets of $1,000,000. The asset turnover is: A.0.1 times. B.0.5 times. C.2 times. D.5 times. 62.The sale or disposal of a significant component of a company’s operations is referred to as: A.A discontinued operation. B.An extraordinary item. C.Other revenues and expenses. D.Gain or loss on sale of assets. 63.A discontinued […]
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 […]
115. If a company issues a check for $2,900 in payment of merchandise, identify the journal the transaction would be recorded in. A. Cash disbursements journal. B. Sales journal. C. Cash receipts journal. D. Purchases journal. E. General journal. 116. Barrier Scuba Equipment purchased supplies costing $3,000 on credit. Identify the journal the transaction would be recorded in. A. Cash disbursements journal. B. Sales journal. C. Cash receipts journal. D. Purchases journal. E. General journal. 117. If […]
81. Which of the following drives work in process inventory levels higher? A. Machine breakdowns B. Production rate losses C. Rework processes D. All of the above 82. Which of the following is characteristic of a just-in-time (JIT) production layout? A. Decentralized maintenance B. Small production batches C. Organization around processes D. Both A and B 83. In a just-in-time (JIT) environment, process problems are more visible than they are in a traditional environment because: […]
53.Epsilon Co. can produce a unit of product for the following costs: A.Buy since the relevant cost to make it is $72. B.Make since the relevant cost to make it is $56. C.Buy since the relevant cost to make it is $48. D.Make since the relevant cost to make it is $48. E.Buy since the relevant cost to make it is $56. 54.Factor Co. […]
40) Team Instructions: Divide the class into teams of three or four people. Each team member should work the following problem separately outside of class. Then give the students time in class to compare answers with their teammates and put together a final correct copy of the problem. Each team should turn in only one copy of the problem for grading, along with a […]
8) Assets that are expected to be converted to cash, sold, or consumed during the next 12 months or within the business’s normal operating cycle if longer than a year are referred to as: A) permanent assets. B) quick assets. C) current assets. D) cash equivalent assets. 9) The time span during which cash is used to acquire goods and services, and these goods […]
Multiple Choice Questions 112. If Custom Craft uses a job order cost system, each of the following is true except: A. Individual job cost sheets accumulate all manufacturing costs applicable to each job and together constitute a subsidiary ledger for the Work in Process Inventory account. Direct labor cost applicable to individual jobs is recorded when paid by a debit to Work in Process […]
Throughout this course, you have learned about the elements of a marketing plan. This assignment will provide you with the opportunity to research the marketing methodology of an existing publicly traded company; using a publicly traded company will provide you with access to a greater amount of information to complete this assignment. As you research this company, apply the theoretical learning from this course.Include the sections below in your marketing plan.
Your submission must be in essay format and use subheadings. You need to include a minimum of five scholarly sources (no blogs, no Wikipedia), and three must be peer-reviewed sources. Your scholarly activity must be at least six pages in length, not counting the title page and references page. APA format is required.
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