11) Perkins issued a $500 credit memo to a customer, Susan Richardson, for inventory that Richardson returned because it was not what she had ordered. What entry does Richardson make assuming her company using a periodic inventory system? A) Accounts Payable-Perkins 500 Sales Returns and Allowances 500 B) Inventory 500 Accounts Payable-Perkins 500 C) Accounts Payable-Perkins 500 […]
109. On May 1, Giltus Advertising Company received $1,500 from Julie Bee for advertising services to be completed April 30 of the following year. The Cash receipt was recorded as unearned fees and at year-end on December 31, $1,000 of the fees had been earned. The adjusting entry on December 31 would include: A. A debit to Unearned Fees for $500. B. A credit to Unearned Fees […]
41.Once a company establishes that an estimated useful life of a plant asset has changed significantly: a.the plant asset must be disposed. b.the change must be made for the current and future years. c.a correcting journal entry must be made. d.the previous year’s financial statements must be corrected. 42.The calculation of a ‘depreciation base’ requires subtracting: a.the salvage value from the asset’s book value. […]
81.Job design interventions emphasizing the motivational approach focus on: A.increasing the productivity of individual employees. B.adjusting machines to meet individual needs. C.modifying technology to adapt to employees’ requirements. D.breaking down complex work into smaller, mundane tasks. E.increasing the meaningfulness of jobs. 82.Adding more decision-making authority to a job to increase its motivational potential is known as _____. […]
Answer the following questions using the information below: Racer X Corporation manufactures two models of motorized go-carts, a standard and a deluxe model. The following activity and cost information has been compiled: Number ofNumber ofNumber of ProductSetupsComponentsDirect Labor Hours Standard1510750 Deluxe3515500 Overhead costs$15,000$25,000 11) Assume a traditional costing system applies the $40,000 of overhead costs based on direct labor hours. […]
Multiple Choice Questions 11.Bellwether Garden Supply offers incentives to credit customers to pay sales on account faster, through the use of: A.Purchase discounts B.Discounts at the point of sale C.Sales discounts D.Net 30 day payments E.Payments at the end of the month. 12.The customer ID for Teesdale Real Estate is: A.TEESDALE-01 B.TEESDALE C.Teesdale-01 D.Teesdale 01 E.Teesdale Estate 13.The price of each inventory […]
106.A company’s income statement showed the following: net income, $134,000; depreciation expense, $30,000; and gain on sale of plant assets, $4,000. An examination of the company’s current assets and current liabilities showed the following changes as a result of operating activities: accounts receivable decreased $9,400; merchandise inventory increased $18,000; prepaid expenses increased $6,200; accounts payable increased $3,400. Calculate the net cash provided or used […]
126.A company has net sales of $752,000 and cost of goods sold of $543,000. Its net income is $17,530. The company’s gross margin and operating expenses, respectively, are: A.$209,000 and $191,470 B.$191,470 and $209,000 C.$525,470 and $227,000 D.$227,000 and $525,470 E.$734,000 and $191,470 127.Which of the following accounts is used in the periodic inventory system but not used in the perpetual inventory system? A.Merchandise […]
71. Starling Co. is considering disposing of a machine with a book value of $12,500 and estimated remaining life of five years. The old machine can be sold for $1,500. A new high-speed machine can be purchased at a cost of $25,000. It will have a useful life of five years and no residual value. It is estimated that variable manufacturing costs will be […]
31.Which of the following events would not require an end-of-year adjusting entry? A. Purchasing supplies for cash B. Providing services on account C. Purchasing a 12-month insurance policy on July 1 D. All of the above would require an end-of-year adjustment 32.The entry to recognize work completed on unearned revenue involves which of the following? A. An increase in assets and a decrease in liabilities B. An increase in liabilities […]
Pick a favorite snack food that requires you to take at least eight steps to prepare.
Rewrite your earlier sample instructions draft (Assignment 5 AT THE ATTACHED) to incorporate feedback from your professor on the simplicity, tone, clarity, and format of the submission. Review the instructions example in the textbook if you have not done so already. Imagine your audience is third grade Girl Scouts who have little or no experience in a kitchen. Along with your instructions, write a 1 page explanation of the steps you took to create the document and rationale for your approach. In your document, you should:
Your assignment must follow these formatting requirements:
The specific course learning outcomes associated with this assignment are:
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