External link to Question : 81. Under OSHA, the responsibility for inspecting employers, applying the standards, : 1250981

Question : 81. Under OSHA, the responsibility for inspecting employers, applying the standards, : 1250981

    81. Under OSHA, the responsibility for inspecting employers, applying the standards, and levying fines was assigned to the:  A. state governments. B. Department of Health. C. Department of Labor. D. National Institute for Occupational Safety and Health. Occupational Safety and Health Act (OSHA) is the law that authorizes the federal government to establish and enforce occupational safety and health standards for all places of employment engaging in interstate […]

External link to Question : 17) The accuracy of the completion estimate of conversion costs : 1211895

Question : 17) The accuracy of the completion estimate of conversion costs : 1211895

  17) The accuracy of the completion estimate of conversion costs depends on the care, skill, and experience of the estimator and also the nature of the conversion process.   18) In a process-costing system, there is always a separate Work-in-Process account for each different process.   19) A production cost worksheet is used to summarize total costs to account for, compute cost per equivalent […]

External link to Question : 101.Refer to the information above. What was the average issue : 1237476

Question : 101.Refer to the information above. What was the average issue : 1237476

    101.Refer to the information above. What was the average issue price per share of preferred stock?    A. $100.00.   B. $125.71.   C. $175.50.   D. $300.00. ($700,000/7,000) + ($180,000/7,000) = $125.71       102.Refer to the information above. How many shares of common stock are outstanding?    A. 100,000.   B. 80,000.   C. 75,000.   D. 110,000. $150,000/$2 par = 75,000 shares       103.A restriction of retained […]

External link to Question : 51. B. Tanner contributed $14,000 in cash plus office equipment valued : 1225251

Question : 51. B. Tanner contributed $14,000 in cash plus office equipment valued : 1225251

  51. B. Tanner contributed $14,000 in cash plus office equipment valued at $7,000 to the JT Partnership. The journal entry to record the transaction for the partnership is:  A. Debit Cash $14,000; debit Office Equipment $7,000; credit B. Tanner, Capital $21,000. B. Debit Cash $14,000; debit Office Equipment $7,000; credit JT Partnership, Capital $21,000. C. Debit JT Partnership $21,000; credit B. Tanner, Capital $21,000. D. Debit B. Tanner, Capital […]

External link to Question : Objective 10.5 1) An inaccurate cost function with a slope coefficient : 1211742

Question : Objective 10.5 1) An inaccurate cost function with a slope coefficient : 1211742

  Objective 10.5   1) An inaccurate cost function with a slope coefficient that is estimated too low may most likely result in ________. A) predicting total costs that are too high B) initiating cost cutting measures when they are unnecessary C) evaluating a weak manager as having strong performance D) promoting a product that is actually more profitable than budgeted   2) An inaccurate […]

External link to Question : 31. Most individuals prefer _____ to _____ and they will want : 1230613

Question : 31. Most individuals prefer _____ to _____ and they will want : 1230613

    31. Most individuals prefer _____ to _____  and they will want a _____ expected return if they purchase common stock shares than if they invest in a certificate of deposit.  A. more risk; less risk; higher B. less risk; more risk; higher C. more risk; less risk; lower D. less risk; more risk; lower E. none of the above   32. Most financial statement analysis explores some aspect of a […]

External link to Question : 61.Which of the following financial statement elements closed at the : 1254320

Question : 61.Which of the following financial statement elements closed at the : 1254320

  61.Which of the following financial statement elements is closed at the end of an accounting cycle?    A. Liabilities B. Common stock C. Assets D. Revenues 62.Which of the following accounts is not closed at the end of an accounting cycle?    A. Liabilities B. Revenues C. Dividends D. Expenses 63.The balance in a revenue account at the beginning of an accounting period will always be    A. equal to the amount of retained earnings for […]

External link to Question : 61. Volt Electronics sells equipment that includes a three-year warranty. Repairs : 1236241

Question : 61. Volt Electronics sells equipment that includes a three-year warranty. Repairs : 1236241

  61. Volt Electronics sells equipment that includes a three-year warranty. Repairs under the warranty are performed by an independent service company under a contract with Volt. Based on prior experience, warranty costs are estimated to be $25 per item sold. Volt should recognize these warranty costs:  A. When the equipment is sold. B. When the repairs are performed. C. When payments are made to the service firm. D. Evenly […]

External link to Question : 81) Nancy Company has budgeted sales of $300,000 with the following : 1196072

Question : 81) Nancy Company has budgeted sales of $300,000 with the following : 1196072

  81) Nancy Company has budgeted sales of $300,000 with the following budgeted costs:   Direct materials$60,000 Direct manufacturing labor 40,000 Factory overhead   Variable30,000   Fixed50,000 Selling and administrative expenses   Variable20,000   Fixed30,000   Compute the average markup percentage for setting prices as a percentage of:   a.The full cost of the product b.The variable cost of the product c.Variable manufacturing costs d.Total […]

External link to Question : 91. Atkins Corporation has provided the following information for the year : 1228458

Question : 91. Atkins Corporation has provided the following information for the year : 1228458

  91. Atkins Corporation has provided the following information for the year ended December 31, 2010: ? The equipment account balance increased $200,000. ? The equipment accumulated depreciation account increased $35,000. ? Equipment costing $50,000 was sold during the year resulting in a $10,000 gain. ? Depreciation expense on the equipment recorded during the year was $65,000. Which of the following statements is correct with respect […]

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