External link to Question : 57) What the difference between a weighted-average method of process : 1217020

Question : 57) What the difference between a weighted-average method of process : 1217020

  57) What is the difference between a weighted-average method of process costing and a first-in, first-out method of process costing?     58) Universal Industries operates a division in Brazil, a country with very high inflation rates. Traditionally, the company has used the same costing techniques in all countries to facilitate reporting to corporate headquarters. However, the financial accounting reports from Brazil never seem […]

External link to Question : 151. Carillion Company considering the disposal of equipment that no longer : 1239631

Question : 151. Carillion Company considering the disposal of equipment that no longer : 1239631

  151. Carillion Company is considering the disposal of equipment that is no longer needed for operations. The equipment originally cost $600,000 and accumulated depreciation to date totals $460,000. An offer has been received to lease the machine for its remaining useful life for a total of $310,000, after which the equipment will have no salvage value. The repair, insurance, and property tax expenses that would […]

External link to Question : 19.3   Analyze the benefits of using both financial and nonfinancial : 1186122

Question : 19.3   Analyze the benefits of using both financial and nonfinancial : 1186122

  19.3   Analyze the benefits of using both financial and nonfinancial measures of quality.   1) Most companies do not measure the financial cost of design quality.   2) Lost contribution margin can result from either internal or external failure.   3) In order for management to initiate quality improvement programs and projects, a complete cost-benefit analysis (including a projection of how the improvement will […]

External link to Question : 57.Governmental fund-basis statements prepared using the________, and must be converted : 1255520

Question : 57.Governmental fund-basis statements prepared using the________, and must be converted : 1255520

  57.Governmental fund-basis statements are prepared using the________, and must be converted to the ________ to be incorporated in the government-wide statements. A) Accrual basis, modified accrual basis. B) Accrual basis, tax basis. C) Modified accrual basis, accrual basis. D) Cash basis, accrual basis. 58.The governmental funds follow __________ where the government-wide statements follow ___________. A) Modified accrual accounting, accrual accounting. B) Accrual accounting, modified […]

External link to Question : 131. When goods shipped FOB destination and the seller pays the : 1234066

Question : 131. When goods shipped FOB destination and the seller pays the : 1234066

  131. When goods are shipped FOB destination and the seller pays the transportation charges, the buyer  A. journalizes a reduction for the cost of the merchandise. B. journalizes a reimbursement to the seller. C. does not take a discount. D. makes no journal entry for the transportation. 132. Black Company sold Red Company merchandise on account FOB shipping point, 2/10, net 30, for $10,000. Black prepaid the $200 shipping charge. Which […]

External link to Question : 101.Refer to the information above. For the month of October, : 1259614

Question : 101.Refer to the information above. For the month of October, : 1259614

    101.Refer to the information above. For the month of October, net cash flows from operating activities for Waldorf were:    A. $18,500.   B. $22,500.   C. $78,000.   D. $100,500.       102.Which of the following activities is not a category into which cash flows are classified?    A. Marketing activities.   B. Operating activities.   C. Financing activities.   D. Investing activities.         103.A strong statement of […]

External link to Question : 83. Company E has a contribution margin of $32 per unit : 1208152

Question : 83. Company E has a contribution margin of $32 per unit : 1208152

  83. Company E has a contribution margin of $32 per unit and fixed costs of $300,000, and it desires to earn a profit of $100,000. What is the sales volume in units required to achieve this desired profit?  A. 3,125 units B. 9,375 units C. 6,250 units D. 12,500 units 84. At the break-even point:  A. Sales would be equal to contribution margin. B. Contribution margin would be equal to total fixed […]

External link to Question : 136. Indicate the section (operating activities, investing activities, financing activities, or : 1234262

Question : 136. Indicate the section (operating activities, investing activities, financing activities, or : 1234262

  136. Indicate the section (operating activities, investing activities, financing activities, or none) in which each of the following would be reported on the statement of cash flows prepared by the indirect method:  (a) Gain on sale of fixed assets (b) Operating income (c) Retirement of long-term debt (d) Sale of capital stock (e) Distribution of stock dividends (f) Payment of cash dividends (g) Purchase of […]

External link to Question : 144. Which of the following industries would normally use job order : 1251561

Question : 144. Which of the following industries would normally use job order : 1251561

  144. Which of the following industries would normally use job order costing systems and which would normally use process costing systems?Business consultingChemicalsFoodMovieSoap and cosmeticsWeb designer    Business consultant Job Order Chemicals Process Food Process Movie studio Job Order Soap and cosmetics Process Web designer Job order       145. The Mountain Springs Water Company has two departments. Purifying and Bottling. The Bottling Department received 67,000 […]

External link to Question : Multiple Choice Questions 32. Which of the following statements not correct? A. The description : 1197824

Question : Multiple Choice Questions 32. Which of the following statements not correct? A. The description : 1197824

  Multiple Choice Questions   32. Which of the following statements is not correct?  A. The description of a journal entry should include a reference to the source of the information contained in the entry. B. If goods are purchased on credit, the supplier’s invoice number is used as the source document for the transaction. C. The credit portion of a general journal entry is always recorded first. D. A […]

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