External link to Question : 81. The following data given for the Taylor Company: Budgeted production 1,000 units : 1246896

Question : 81. The following data given for the Taylor Company: Budgeted production 1,000 units : 1246896

    81. The following data is given for the Taylor Company:  Budgeted production 1,000 units Actual production    980 units Materials:     Standard price per lb $2.00   Standard pounds per completed unit 12   Actual pounds purchased and used in production 11,800   Actual price paid for materials $23,000 Labor:     Standard hourly labor rate $14 per hour   Standard hours allowed per completed unit 4.5   Actual labor hours […]

External link to Question : 45.The price of one currency stated in terms of another : 1259549

Question : 45.The price of one currency stated in terms of another : 1259549

    45.The price of one currency stated in terms of another currency is the:    A. Current ratio.   B. Exchange rate.   C. Facilitating payment.   D. International clearing price.         46.If the exchange rate for a foreign currency (stated in dollars) has risen, a dollar will purchase:    A. An increased amount of that foreign currency.   B. An unchanged amount of that foreign currency.   C. A […]

External link to Question : Problems 143. The following information available for some of Branson’s segments (all : 1257564

Question : Problems 143. The following information available for some of Branson’s segments (all : 1257564

  Problems  143. The following information is available for some of Branson’s segments (all amounts are in millions):   North America Asia Central America Segment sales………… $5,190 $750 $2,350 Segment operating income…. 1,494 273 1,127 Segment average assets…… 4,700 541 1,382 a. Determine the segment return on assets for each geographic segment.b. Comment on the results. How do the segments compare with respect to profitability?  144.The […]

External link to Question : 139.On February 15, Jewel Company buys 7,000 shares of Marcelo : 1236479

Question : 139.On February 15, Jewel Company buys 7,000 shares of Marcelo : 1236479

  139.On February 15, Jewel Company buys 7,000 shares of Marcelo Corp. common stock at $28.53 per share plus a brokerage fee of $400. The stock is classified as available-for-sale securities. On March 15, Marcelo Corp. declares a dividend of $1.15 per share payable to stockholders of record on April 15. Jewel Company received the dividend on April 15 and ultimately sells half of the […]

External link to Question : Multiple Choice Questions 1.Real Angus Steakhouse purchased land for $75,000 cash. : 1236201

Question : Multiple Choice Questions 1.Real Angus Steakhouse purchased land for $75,000 cash. : 1236201

Multiple Choice Questions   1.Real Angus Steakhouse purchased land for $75,000 cash. They also incurred commissions of $4,500, property taxes of $5,000, and title insurance of $800. The $5,000 in property taxes includes $4,000 in back taxes paid by Real Angus on behalf of the seller and $1,000 due for the current year after the purchase date. For what amount should Real Angus Steakhouse record […]

External link to Question : 97. The formula for depreciable cost is A. initial cost + residual valueB. initial : 1227252

Question : 97. The formula for depreciable cost is A. initial cost + residual valueB. initial : 1227252

    97. The formula for depreciable cost is  A. initial cost + residual value B. initial cost – residual value C. initial cost – accumulated depreciation D. depreciable cost = initial cost   98. Expected useful life is  A. calculated when the asset is sold. B. estimated at the time that the asset is placed in service. C. determined each year that the depreciation calculation is made. D. none of the answers are correct. […]

External link to Question : 214. Increases and decreases in various types of accounts listed below. : 1233831

Question : 214. Increases and decreases in various types of accounts listed below. : 1233831

  214. Increases and decreases in various types of accounts are listed below. In each case, indicate by “Dr.” or “Cr.” (a) whether the change in the account would be recorded as a debit or a credit and (b) whether the normal balance of the account is a debit or a credit.    (a)(b)   RecordedAs    NormalBalance (1)Capital stock____________________ (2)Increase in Dividends____________________ (3)Decrease in Accounts Receivable____________________ (4)Increase in Note […]

External link to Question : 61. An anticipated purchase of equipment for $400,000, with a useful : 1233946

Question : 61. An anticipated purchase of equipment for $400,000, with a useful : 1233946

  61. An anticipated purchase of equipment for $400,000, with a useful life of 8 years and no residual value, is expected to yield the following annual net incomes and net cash flows:  Year Net Income Net Cash Flow 1 $60,000 $110,000 2 50,000 100,000 3 50,000 100,000 4 40,000 90,000 5 40,000 90,000 6 40,000 90,000 7 40,000 90,000 8 40,000 90,000       […]

External link to Question : 131. Ruby Company produces a chair that requires 5 yds. of : 1251676

Question : 131. Ruby Company produces a chair that requires 5 yds. of : 1251676

  131. Ruby Company produces a chair that requires 5 yds. of material per unit. The standard price of one yard of material is $7.50. During the month, 8,500 chairs were manufactured, using 43,600 yards at a cost of $7.55 per yard. Determine the (a) price variance, (b) quantity variance, and (c) cost variance. 132. Ruby Company produces a chair that requires 5 yds. of material per […]

External link to Question : 101. Alliance Corp. issues 1,000 shares of $10 par value common : 1234192

Question : 101. Alliance Corp. issues 1,000 shares of $10 par value common : 1234192

  101. Alliance Corp. issues 1,000 shares of $10 par value common stock at $14 per share. When the transaction is recorded, credits are made to:  A. Common Stock $14,000. B. Common Stock $10,000 and Paid-in Capital in Excess of Par Value $4,000. C. Common Stock $10,000 and Paid-in Capital in Excess of Stated Value $4,000. D. Common Stock $10,000 and Retained Earnings $4,000. 102. The journal entry to issue 1,000,000 […]

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