External link to Question : 106. Uniform Supply accepted a $4,800, 90-day, 10% note from Tracy : 1257982

Question : 106. Uniform Supply accepted a $4,800, 90-day, 10% note from Tracy : 1257982

    106. Uniform Supply accepted a $4,800, 90-day, 10% note from Tracy Janitorial on October 17. What entry should Uniform Supply make on January 15 of the next year when the note is paid?  A. Debit Notes Receivable $4,800; debit Interest Receivable $120; credit Sales $4,920. B. Debit Cash $4,920; credit Notes Receivable $4,920. C. Debit Cash $4,920; credit Interest Revenue $100; credit Interest Receivable $20; credit Notes […]

External link to Question : 129. Capital rationing uses the following measures to determine the funding : 1227067

Question : 129. Capital rationing uses the following measures to determine the funding : 1227067

    129. Capital rationing uses the following measures to determine the funding of projects except  A. Ranks the proposals with the available funds. B. Determines whether the project should be funded by using operating cash or the issuance of bonds. C. Establish minimum standards by applying the cash payback and the average rate of return. D. Qualitative factors are considered.   130. Capital rationing uses the following measures to determine […]

External link to Question : 141.A machine was purchased for $40,000. It has a current : 1244482

Question : 141.A machine was purchased for $40,000. It has a current : 1244482

141.A machine was purchased for $40,000. It has a current carrying value of $26,000 and had a depreciable cost of $36,000. Its estimated residual value must have been   a. $10,000. b. $14,000. c. $4,000. d. impossible to determine from the facts given.       142.A building was purchased for $262,000. It currently has accumulated depreciation of $40,000 and had a residual value of […]

External link to Question : 23.2   Learning Objective 23-2 1) If it later decided to pay : 1171213

Question : 23.2   Learning Objective 23-2 1) If it later decided to pay : 1171213

  23.2   Learning Objective 23-2 1) If it is later decided to pay an approved voucher in two payments: A) a memo in the check register must show the unpaid balance. B) an entry in the Paid column of the voucher register must show the unpaid balance. C) the original voucher must be canceled and two new vouchers must be issued. D) a memo must […]

External link to Question : 100.Use this information to answer the following question. These facts : 1244279

Question : 100.Use this information to answer the following question. These facts : 1244279

100.Use this information to answer the following question. These facts concern the long-term stock investments of Alpha Corporation:   June 1, 20×7 Paid cash for the following long-term investment: 5,000 shares Carey Corporation common stock (representing 5 percent of outstanding stock) at $40 per share; 3,000 shares Burns Corporation common stock (representing 3 percent of outstanding stock) at $24 per share. Dec. 31, 20×7 Quoted […]

External link to Question : 51.The _____ approach to performance management focuses the extent to : 1243263

Question : 51.The _____ approach to performance management focuses the extent to : 1243263

    51.The _____ approach to performance management focuses on the extent to which individuals have certain characteristics or traits believed desirable for the company’s success.    A.results   B.quality   C.behavioral   D.comparative   E.attribute     52.Which of the following attribute approaches to performance management is most commonly used?    A.Behaviorally anchored rating scales   B.Mixed standard scales   C.Behavior observation scales   D.Graphic rating […]

External link to Question : 1. A banker analyzing a company which operates in the automotive : 1224832

Question : 1. A banker analyzing a company which operates in the automotive : 1224832

1. A banker is analyzing a company which operates in the automotive industry. Which of the following will likely be the banker’s most important consideration in determining whether the company should receive a loan?  A. The automotive plant’s capacity. B. Inflation has been consistently high for several years. C. The company has state-of-the-art automated equipment which enhances the efficiency of its operating process. D. The company has a large amount […]

External link to Question : 71. The inventory valuation method that has the advantages of assigning : 1225874

Question : 71. The inventory valuation method that has the advantages of assigning : 1225874

  71. The inventory valuation method that has the advantages of assigning an amount to inventory on the balance sheet that approximates its current cost, and also mimics the actual flow of goods for most businesses is:  A. FIFO. B. Weighted average. C. LIFO. D. Specific identification. E. All of these. 72. The inventory valuation method that results in the lowest taxable income in a period of inflation is:  A. LIFO method. B. FIFO […]

External link to Question : Objective 8.4 1) When machine-hours used as an overhead cost-allocation base : 1212151

Question : Objective 8.4 1) When machine-hours used as an overhead cost-allocation base : 1212151

  Objective 8.4   1) When machine-hours are used as an overhead cost-allocation base and annual leasing costs for equipment unexpectedly increase, the most likely result would be to report a(n) ________. A) unfavorable variable overhead spending variance B) favorable variable overhead efficiency variance C) unfavorable fixed overhead flexible-budget variance D) favorable production-volume variance   2) The amount reported for fixed overhead on the static […]

External link to Question : 4) A bonus paid by an incoming partner to the : 1177213

Question : 4) A bonus paid by an incoming partner to the : 1177213

  4) A bonus paid by an incoming partner to the old partners is shared: A) equally. B) by the salary method. C) on the basis of profit and loss ratio. D) by the interest method. 5) When recording a bonus to a new partner, the new partner will: A) pay more than what the new partner’s account will reflect. B) pay the same as […]

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