External link to Question : 141. The accounting for stock options complex because firms often include : 1245766

Question : 141. The accounting for stock options complex because firms often include : 1245766

    141. The accounting for stock options is complex because firms often include  A. service, only. B. combinations of service and performance, only.C. combinations of service, performance, and market conditions, only.D. combinations of service, performance, and market conditions and firms can restructure their plans. E. none of the above.   142. The accounting for employee stock options involves the firm debiting _____  and crediting _____ for the amortized amount of the […]

External link to Question : Learning Objective 9-4 1) The following information from Cashew, Inc.’s December : 1252992

Question : Learning Objective 9-4 1) The following information from Cashew, Inc.’s December : 1252992

  Learning Objective 9-4   1) The following information is from Cashew, Inc.’s December 31, 2011 annual report:     Income statement Balance sheet     12/31/11 12/31/10 Sales revenue $90,000     Accounts receivable   $8,000 $10,000 Salary expense $30,000     Salary payable   $2,000 $3,000   Cash collected from customers on Cashew, Inc.’s statement of cash flows equals ________. A) $90,000 B) […]

External link to Question : 71. Sea Company reports the following information regarding its production : 1256626

Question : 71. Sea Company reports the following information regarding its production : 1256626

    71. Sea Company reports the following information regarding its production cost.  Units produced 42,000 units Direct labor $35 per unit Direct materials $28 per unit Variable overhead $17 per unit Fixed overhead $105,000 in total Compute production cost per unit under variable costing.A.  $28.00B.  $82.50C.  $80.00D.  $63.00E.  $35.00     72. Sea Company reports the following information regarding its production cost:  Units produced […]

External link to Question : 107. The accounts receivable turnover rate: A. Indicates how many times the receivables : 1229755

Question : 107. The accounts receivable turnover rate: A. Indicates how many times the receivables : 1229755

    107. The accounts receivable turnover rate:  A. Indicates how many times the receivables were converted into cash during the year. B. Is computed by dividing average receivables by sales. C. Indicates the average number of days a business waits to make collection on a credit sale. D. Indicates the proportion of a company’s accounts receivable that the independent auditors were unable to confirm.     108. The accounts receivable […]

External link to Question : 21) Material left over when making a product referred to : 1186110

Question : 21) Material left over when making a product referred to : 1186110

  21) Material left over when making a product is referred to as A) reworked units. B) spoilage. C) scrap. D) defective units. E) indirect material.   Use the information below to answer the following question(s).   Waldorf Computer Systems, Inc. manufactures computer memory cards, and uses process-costing. All direct materials are added at the inception of the production process. The accounting department noted that […]

External link to Question : 51) Factors that relevant in a JIT system, but not for : 1196176

Question : 51) Factors that relevant in a JIT system, but not for : 1196176

  51) Factors that are relevant in a JIT system, but not for the EOQ model, include 51) ______ A) stockout costs. B) quality of materials. C) carrying costs. D) quality of materials, timeliness of deliveries, and stockout costs. E) timeliness of deliveries. 52) Which of the following would be expected when using a supply-chain approach to inventory management? 52) ______ A) fewer rush orders […]

External link to Question : 101. Computer equipment was acquired at the beginning of the year : 1251996

Question : 101. Computer equipment was acquired at the beginning of the year : 1251996

  101. Computer equipment was acquired at the beginning of the year at a cost of $65,000 that has an estimated residual value of $3,000 and an estimated useful life of 5 years. Determine the 2nd year’s depreciation using straight-line depreciation.  A. $26,000 B. $24,800 C. $12,400 D. $13,000 102. Which of the following is true?  A. If using the double-declining-balance the total amount of depreciation expense during the life of the […]

External link to Question : 124. Which of the following accounts will NOT be involved : 1255831

Question : 124. Which of the following accounts will NOT be involved : 1255831

    124. Which of the following accounts will NOT be involved in closing entries? a. Prepaid Insurance. b. Service Revenue. c. Utilities Expense. d. Retained Earnings.     125. When a company prepares closing entries, which one of the following is NOT a correct closing entry? a. Debit Retained Earnings; credit Salaries Expense. b. Debit Dividends; credit Retained Earnings. c. Debit Service Revenue; credit […]

External link to Question : 43. A pricing strategy that sets the price at a premium : 1208167

Question : 43. A pricing strategy that sets the price at a premium : 1208167

  43. A pricing strategy that sets the price at a premium under the assumption that people will pay more for the product because of the product’s brand name, media attention, or some other reason that has piqued the interest of the public is known as:  A. cost-plus pricing. B. premium pricing. C. prestige pricing. D. target pricing. 44. Craddock Company plans to introduce a new product. A market research specialist […]

External link to Question : 101. Use the data for Wall Nuts, Inc. to compute : 1256551

Question : 101. Use the data for Wall Nuts, Inc. to compute : 1256551

    101. Use the data for Wall Nuts, Inc. to compute departmental overhead rates based on machine hours in Department A and machine hours in Department B. A.  $4.50 per MH in Dept A; $4.50 per MH in Dept B.B.  $7.50 per MH in Dept A; $7.50 per MH in Dept. B.C.  $4.50 per MH in Dept A; $7.50 per MH in Dept B.D.  […]

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