External link to Question : 38.A formal statement of future plans, usually expressed in monetary : 1258662

Question : 38.A formal statement of future plans, usually expressed in monetary : 1258662

  38.A formal statement of future plans, usually expressed in monetary terms, is a:    A. Variance report. B. Position statement. C. Budget. D. Prospectus. E. Variance analysis. 39.The process of planning future business actions and expressing them as a formal plan is called:    A. Budgeting. B. Cost accounting. C. Managerial accounting. D. Variance analysis. E. Standard cost analysis. 40.All of the following are necessary for budgets to be effective except:    A. Goals should be attainable. B. Employees […]

External link to Question : 35.An employee whose regular hourly rate $9 and whose overtime : 1220451

Question : 35.An employee whose regular hourly rate $9 and whose overtime : 1220451

  35.An employee whose regular hourly rate is $9 and whose overtime rate is 1.5 times the regular rate worked 44 hours one week. The employee’s gross pay was   A.$378. B.$396. C.$414. D.$594. $9 * 40 hours = $360.00$9 * 1.5 = $13.50 * 4 = $54 + $360.00 = $414.00 36.An employee whose regular hourly rate is $18 and whose overtime rate is 1.5 […]

External link to Question : Multiple Choice Questions 1.A budget prepared at a single volume of : 1257182

Question : Multiple Choice Questions 1.A budget prepared at a single volume of : 1257182

Multiple Choice Questions  1.A budget prepared at a single volume of activity is referred to as a:    A. Strategic budget.   B. Standard budget.   C. Static budget.   D. Flexible budget.     2.Select the incorrect statement regarding flexible budgets.    A. Flexible budgets often show the estimated revenues and costs at multiple volume levels.   B. A flexible budget is used to compare actual to budgeted amounts.   C. A flexible […]

External link to Question : 13.2   Learning Objective 13-2 1) Gross Accounts Receivable $15,000. Allowance for : 1171040

Question : 13.2   Learning Objective 13-2 1) Gross Accounts Receivable $15,000. Allowance for : 1171040

  13.2   Learning Objective 13-2 1) Gross Accounts Receivable is $15,000. Allowance for Doubtful Accounts has a credit balance of $300. Net credit sales for the year are $140,000. In the past, 1% of credit sales had proved uncollectible. What would be the adjusted balance of the Allowance account under the income statement approach? A) $2,400 B) $1,700 C) $1,400 D) $1,100 2) Gross Accounts […]

External link to Question : 108. How should purchases, sales, and depreciation of plant assets be : 1229423

Question : 108. How should purchases, sales, and depreciation of plant assets be : 1229423

    108. How should purchases, sales, and depreciation of plant assets be classified in Johnson’s statement of cash flows for the current year? (Assume the direct method is used by Johnson.)  A. Purchases of plant assets are classified as investing activities; sales of plant assets are classified as financing activities; depreciation is classified as an operating activity. B. Purchases of plant assets and depreciation are classified as […]

External link to Question : 181. On January 2, Safe Boating Monthly received a check for : 1239712

Question : 181. On January 2, Safe Boating Monthly received a check for : 1239712

  181. On January 2, Safe Boating Monthly received a check for $96 from a subscriber for a 12-month subscription. The January issue was mailed on January 15th. Prepare the necessary entries for the month of January.    182. Prepare the December 31 adjusting entries for the following transactions.  Omit explanations.1.  Fees accrued but unbilled total $6,300.2.  The supplies account balance on December 31 is $4,750.  Supplies […]

External link to Question : 141. There four transactions that affect stockholders’ equity. Which the two : 1233759

Question : 141. There four transactions that affect stockholders’ equity. Which the two : 1233759

  141. There are four transactions that affect stockholders’ equity. Which are the two transactions that increase stockholders’ equity?  A. Revenues and expenses B. Expenses and dividends C. Revenues and stockholders’ investments D. Stockholders investments and expenses 142. There are four transactions that directly affect Stockholders’ Equity. Which are the two transactions that decrease Stockholders’ Equity?  A. Dividends and expenses B. Revenues and expenses C. Stockholders’ investments and revenues D. Stockholders’ investments and expenses 143. Rivers […]

External link to Question : 75.Wright, Bell, and Edison partners and share income in a : 1236409

Question : 75.Wright, Bell, and Edison partners and share income in a : 1236409

  75.Wright, Bell, and Edison are partners and share income in a 2:5:3 ratio. The partnership’s capital balances are as follows: Wright, $33,000, Bell $27,000 and Edison $40,000. Edison decides to withdraw from the partnership, and the partners agree not to revalue the assets upon Edison’s retirement. The journal entry to record Edison’s June 1 withdrawal from the partnership if Edison is paid $40,000 for […]

External link to Question : 36. After designing and conducting a training program, the Program : 1234419

Question : 36. After designing and conducting a training program, the Program : 1234419

  36. After designing and conducting a training program, the Program Director decides to evaluate the course by asking trainees to complete a reaction form.  This is an example of which of the following? A) One-shot posttest-only design B) One-group pretest-posttest design C) Multiple time-series design D) Posttest-only control group design E) Pretest–posttest control group design 37. Which of the following statements is FALSE regarding […]

External link to Question : 163.Refer to the following information about the Finishing Department in : 1258513

Question : 163.Refer to the following information about the Finishing Department in : 1258513

  163.Refer to the following information about the Finishing Department in the Davidson Factory for the month of June. Davidson Factory uses the FIFO method of inventory costing.  Beginning Work in Process inventory: Physical units5,000units % complete for materials70% % complete for labor and overhead25% Materials cost from May$7,350 Labor and overhead cost from May$3,125 Product started and completed: Physical units40,000units Ending Work in Process […]

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