External link to Question : 18) Brilliant Accents Company manufactures and sells three styles of : 1217199

Question : 18) Brilliant Accents Company manufactures and sells three styles of : 1217199

  18) Brilliant Accents Company manufactures and sells three styles of kitchen faucets: Brass, Chrome, and White. Production takes 25, 25, and 10 machine hours to manufacture 1,000-unit batches of brass, chrome, and white faucets, respectively. The following additional data apply:   BRASSCHROMEWHITE Projected sales in units30,00050,00040,000   PER UNIT data: Selling price$40$20$30   Direct materials$ 8$ 4$ 8 Direct labor$15$ 3$ 9 Overhead cost […]

External link to Question : 92.In 2013 a faculty member at a private college received : 1255335

Question : 92.In 2013 a faculty member at a private college received : 1255335

  92.In 2013 a faculty member at a private college received a grant from the National Science Foundation to conduct basic research on tree frogs in the amount of $500,000.  Expenses associated with the grant totaled $290,000 in 2014.  In the Statement of Activities for 2014, the college should show: A)Temporarily Restricted Revenues of $500,000 and Unrestricted expenses of $290,000. B)Temporarily Restricted Revenues of $290,000 […]

External link to Question : 56) The following data available for Ruggles Company for the : 1217276

Question : 56) The following data available for Ruggles Company for the : 1217276

  56) The following data are available for Ruggles Company for the year ended September 30, 2011.   Sales:24,000 units at $50 each Expected and actual production:30,000 units Manufacturing costs incurred: Variable:$525,000 Fixed:$372,000 Nonmanufacturing costs incurred: Variable:$144,800 Fixed:$77,400 Beginning inventories:none   Required: a.Determine operating income using the variable-costing approach. b.Determine operating income using the absorption-costing approach. c.Explain why operating income is not the same under […]

External link to Question : 141. In a cost-volume-profit chart, the A. total cost line begins at zero.B. slope : 1226896

Question : 141. In a cost-volume-profit chart, the A. total cost line begins at zero.B. slope : 1226896

    141. In a cost-volume-profit chart, the A. total cost line begins at zero.B. slope of the total cost line is dependent on the fixed cost per unit.C. total cost line begins at the total fixed cost value on the vertical axis.D. total cost line normally begins at zero.   142. The relative distribution of sales among the various products sold by a business is termed the: A. business’s basket of goodsB. contribution margin […]

External link to Question : 173. The Scharf Company a retailer located in a state without : 1239828

Question : 173. The Scharf Company a retailer located in a state without : 1239828

  173. The Scharf Company is a retailer located in a state without sales tax.  The following data was given to you to complete the transactions for the day’s sales to be recorded.  All cash drawers start with $100 in change.    Reg. #1 Reg. #2 Reg. #3 Reg.#4 Cash in Drawer 974.50 1,383.66 939.46 1,137.91 Sales Reading 879.50 1,298.16 839.46 1,030.33 Difference       […]

External link to Question : 71. On September 1, a corporation had 50,000 shares of $5 : 1256409

Question : 71. On September 1, a corporation had 50,000 shares of $5 : 1256409

    71. On September 1, a corporation had 50,000 shares of $5 par value common stock and $1,000,000 of retained earnings. On that date, when the market price of the stock is $15 per share, the corporation issues a 2-for-1 stock split. The general journal entry to record this transaction is:   A. Retained Earnings 750,000   Common Stock Split Distributable   750,000 B. Retained Earnings […]

External link to Question : 76.A company has net sales of $1,200,000 and average accounts : 1258894

Question : 76.A company has net sales of $1,200,000 and average accounts : 1258894

    76.A company has net sales of $1,200,000 and average accounts receivable of $400,000. What is its accounts receivable turnover for the period?     A. 0.20   B. 5.00   C. 20.0   D. 73.0   E. 3.0 Accounts Receivable Turnover = Net Sales/Average Accounts ReceivableAccounts Receivable Turnover = $1,200,000/$400,000 = 3.0       77.Pepperdine reported net sales of $8,600 million, net income of $126 million and average […]

External link to Question : 51. C-Swiss, a Swedish firm specializing in communication networks, reported a : 1230513

Question : 51. C-Swiss, a Swedish firm specializing in communication networks, reported a : 1230513

    51. C-Swiss, a Swedish firm specializing in communication networks, reported a balance in Inventories of SEK21,500 million at the beginning of 2009 and SEK22,500 million at the end of 2009. During 2009, C-Swiss reported SEK114,100 million in Cost of Sales. How much was C-Swisss’ inventory purchases during 2009.  Assume that all of C-Swisss’ inventory purchases are made on account. C-Swiss applies IFRS, and reports […]

External link to Question : 121. The journal entry a company uses to record fully funded : 1239250

Question : 121. The journal entry a company uses to record fully funded : 1239250

    121. The journal entry a company uses to record fully funded pension rights for its salaried employees at the end of the year is  A. debit Salary Expense; credit CashB. debit Pension Expense; credit Unfunded Pension LiabilityC. debit Pension Expense; credit Unfunded Pension Liability and CashD. debit Pension Expense; credit Cash   122. The journal entry a company uses to record partially funded pension rights for its salaried employees, […]

External link to Question : 21) Jill invested $25,000 in her business, Nails by Jill. : 1232255

Question : 21) Jill invested $25,000 in her business, Nails by Jill. : 1232255

  21) Jill invested $25,000 in her business, Nails by Jill. The journal entry would include a: A) debit to Cash for $25,000 and a credit to Sales for $25,000. B) debit to Cash for $25,000 and a credit to Common Stock for $25,000. C) credit to Cash for $25,000 and a debit to Common Stock for $25,000. D) debit to Cash for $25,000 and […]

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