External link to Question : 73. If total fixed costs increase while variable costs and sales : 1208151

Question : 73. If total fixed costs increase while variable costs and sales : 1208151

  73. If total fixed costs increase while variable costs and sales price are unchanged, what happens to the break-even point?  A. The break-even point decreases, and therefore less units must be sold to break-even. B. The break-even point increases, and therefore more units must be sold to break-even. C. The break-even point remains the same. D. The break-even point decreases and therefore more units must be sold to break-even. […]

External link to Question : 86.Montclair Company earns an average contribution margin ratio of 40% : 1259633

Question : 86.Montclair Company earns an average contribution margin ratio of 40% : 1259633

    86.Montclair Company earns an average contribution margin ratio of 40% on its sales. The local store manager estimates that he can increase monthly sales volume by $45,000 by spending an additional $7,000 per month for direct mail advertising. Compute the monthly increase in operating income if the manager’s estimate about the increased sales volume is accurate.    A. $11,000.   B. $23,000.   C. $16,000.   D. $18,000. […]

External link to Question : 11. Fisher Apartments purchased an apartment building to rent to university : 1224938

Question : 11. Fisher Apartments purchased an apartment building to rent to university : 1224938

    11. Fisher Apartments purchased an apartment building to rent to university students on December 15, 2011. The tenants moved in on January 1, 2012. On Super Bowl Sunday, a student punched a hole in the wall when his favorite team fumbled the ball. It cost the landlord $400 to repair the hole. How should this cost be recorded?  A. It should be recorded as part […]

External link to Question : 61.Which of the following statements true about the composition of : 1243073

Question : 61.Which of the following statements true about the composition of : 1243073

    61.Which of the following statements is true about the composition of the U.S. labor force in the next decade?    A.Immigration will cease to affect the size and diversity of the workforce.   B.The largest proportion of the labor force is expected to be in the age group of 16-24 years.   C.The percentage of highly skilled immigrants will continue to remain lower than […]

External link to Question : 21) The Canada Customs and Revenue Agency requires companies to use : 1196286

Question : 21) The Canada Customs and Revenue Agency requires companies to use : 1196286

  21) The Canada Customs and Revenue Agency requires companies to use practical capacity denominator-level concepts. 21) ______ 22) Theoretical capacity is rarely used to calculate the budgeted fixed manufacturing cost per case because it departs significantly from the real capacity available to a company. 22) ______ 23) The downward demand spiral for a company is the continuing reduction in the demand for its products […]

External link to Question : 147.A company uses a sales journal, purchases journal, cash receipts : 1258271

Question : 147.A company uses a sales journal, purchases journal, cash receipts : 1258271

  147.A company uses a sales journal, purchases journal, cash receipts journal, cash disbursements journal, and general journal. A perpetual inventory system is used. The following transactions were completed by the company during the current month of February:   Feb. 3Sold merchandise for $5,000 to the North Corp. on credit, Invoice No. 785. Cost of the goods sold is $2,900. 6Sold a piece of land […]

External link to Question : 206. Prepare a balance sheet from the adjusted trial balance of : 1256815

Question : 206. Prepare a balance sheet from the adjusted trial balance of : 1256815

  206. Prepare a balance sheet from the adjusted trial balance of Hanson Storage. HANSON STORAGE Adjusted Trial Balance December 31 Cash $   3,050   Accounts receivable 400   Prepaid insurance 830   Office supplies 80   Office equipment 4,200   Accumulated depreciation – office equipment   $    1,100 Buildings 98,000   Accumulated depreciation – buildings   28,000 Land 115,000   Wages payable   880 Property […]

External link to Question : 138.On January 1, a company issues bonds dated January 1 : 1236448

Question : 138.On January 1, a company issues bonds dated January 1 : 1236448

  138.On January 1, a company issues bonds dated January 1 with a par value of $300,000. The bonds mature in 5 years. The contract rate is 9%, and interest is paid semiannually on June 30 and December 31. The market rate is 8% and the bonds are sold for $312,177. The journal entry to record the first interest payment using straight-line amortization is:    A.Debit […]

External link to Question : 41. A limitation of the internal rate of return method is: A. Failure : 1225723

Question : 41. A limitation of the internal rate of return method is: A. Failure : 1225723

  41. A limitation of the internal rate of return method is:  A. Failure to measure time value of money. B. Failure to measure results as a percent. C. Failure to consider the payback period. D. Failure to reflect changes in risk levels over project life. E. Failure to compare dissimilar projects. 42. An opportunity cost:  A. Is an unavoidable cost. B. Requires a current outlay of cash. C. Results from past managerial decisions. D. Is […]

External link to Question : Multiple Choice Questions 46.All of the following statements regarding liabilities true : 1236384

Question : Multiple Choice Questions 46.All of the following statements regarding liabilities true : 1236384

  Multiple Choice Questions  46.All of the following statements regarding liabilities are true except:    A.A liability is a probable future payment of assets or services. B.Unearned future wages to be paid to employees should be recorded as liabilities. C.For a liability to be reported, it must be a present obligation that results from a past transaction or event, and requires a future payment of assets […]

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