External link to Question : 11.Kingston Company sells its product for $200 per unit. The : 1257109

Question : 11.Kingston Company sells its product for $200 per unit. The : 1257109

    11.Kingston Company sells its product for $200 per unit. The company’s accountant provided the following cost information:  What is Kingston Company’s contribution margin ratio?    A. 30%   B. 15%   C. 35%   D. 20%     12.Zeus, Inc. produces a product that has a variable cost of $9.50 per unit. The company’s fixed costs are $40,000. The product sells for $12.00 a unit and the company desires […]

External link to Question : 111. What another name for the general journal? A. The book. B. The ledger. C. The book : 1256631

Question : 111. What another name for the general journal? A. The book. B. The ledger. C. The book : 1256631

    111. What is another name for the general journal? A. The book. B. The ledger. C. The book of original entry. D. The record. E. The account book.     112. A balance column account is:  A. An account entered on the balance sheet. B. An account with debit and credit columns for posting entries and another column for showing the balance of the account after each entry is posted. C. An alternate […]

External link to Question : 71. Traditionally, which form of arbitration has been reserved for special : 1250944

Question : 71. Traditionally, which form of arbitration has been reserved for special : 1250944

    71. Traditionally, which form of arbitration has been reserved for special circumstances, generally those involving public-sector negotiations where strikes would be especially costly (e.g., police, firefighters)?  A. Final-offer arbitration B. Interest arbitration C. Rights arbitration D. Conventional arbitration Interest arbitration has been reserved for special circumstances. These include some public sector negotiations, where strikes may be especially costly and a very few private sector situations, where strikes have […]

External link to Question : 121. Current information for the Austin Company follows: Beginning raw materials : 1256469

Question : 121. Current information for the Austin Company follows: Beginning raw materials : 1256469

    121. Current information for the Austin Company follows:  Beginning raw materials inventory $15,200 Beginning goods in process inventory 22,400 Ending raw materials inventory 16,600 Ending goods in process inventory 28,000 Direct labor 42,800 Total factory overhead 30,000 Raw material purchases 60,000     All raw materials used were traceable to specific batches of product. Austin Company’s cost of goods manufactured for the year […]

External link to Question : Learning Objective 7-3 1) When companies borrow money for longer than : 1253316

Question : Learning Objective 7-3 1) When companies borrow money for longer than : 1253316

  Learning Objective 7-3   1) When companies borrow money for longer than one year, that obligation is called ________. A) equity financing B) a long-term liability C) an operating activity D) a current liability   2) On January 1, 2011, Climax Corporation signed a $10,000,000, 6%, 10-year mortgage note to finance the construction of its new hotel in Cancun. The note will be repaid […]

External link to Question : 36. Employees can leave the employ of a company voluntarily : 1234349

Question : 36. Employees can leave the employ of a company voluntarily : 1234349

  36. Employees can leave the employ of a company voluntarily through all of the following except: A) Resignation B) Letter giving two weeks notice C) Retirement D) Progressive Discipline E) None of the above 37. __________ is an informal process of learning how to operate within an organization. A) Orientation B) Mentoring C) Job sharing D) Employment-at-will E) Socialization 38. The process by which […]

External link to Question : 34. If the company’s volume increases to 2,500 units, the cost : 1208147

Question : 34. If the company’s volume increases to 2,500 units, the cost : 1208147

  34. If the company’s volume increases to 2,500 units, the cost per unit will be  A. $36. B. $41. C. $20. D. $16. 35. If the company’s volume increases to 2,500 units, the company’s total costs will be  A. $102,500 B. $90,000 C. $100,000 D. $80,000 36. If the company’s volume doubles, the company’s total cost will  A. stay the same. B. double as well. C. increase but will not double. D. decrease. 37. In the graph below, which depicts […]

External link to Question : 85) Part A:  Show the effect the accounting equation of : 1253332

Question : 85) Part A:  Show the effect the accounting equation of : 1253332

  85) Part A:  Show the effect on the accounting equation of each of the events listed below:   Daily Kneads Company: Assets Liabilities Shareholders’ equity       CC Retained earnings 1 June 30, 2011: issued $100,000 worth of 8% bonds at 100. Interest will be paid annually on June 30.         2 Dec. 31, 2011: made an adjusting entry to […]

External link to Question : 31.On Mar. 1, Brown’s Antiques paid $18,000 for 12 months : 1220491

Question : 31.On Mar. 1, Brown’s Antiques paid $18,000 for 12 months : 1220491

  31.On Mar. 1, Brown’s Antiques paid $18,000 for 12 months of advance rent on its store and immediately debited an asset account for the full amount. Select the adjusting entry made on December 31, to record the amount of rent that had expired.   A. B. C. D. 32.A total of $8,000 in supplies was purchased during the year. By the end of the year, […]

External link to Question : 18.4   Learning Objective 18-4 1) The journal entry for the receipt : 1177233

Question : 18.4   Learning Objective 18-4 1) The journal entry for the receipt : 1177233

  18.4   Learning Objective 18-4   1) The journal entry for the receipt of a cash payment on common stock subscriptions would include: A) debiting Subscriptions Receivable-Common Stock ; crediting Common Stock. B) debiting Common Stock; crediting Subscriptions Receivable-Common Stock. C) debiting Cash; crediting Subscriptions Receivable-Common Stock. D) debiting Cash; crediting Common Stock Subscribed.   2) The Bean Counter Corporation received subscriptions for 100 shares […]

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