External link to Question : 8) Stewart Company’s actual manufacturing overhead $2,800,000.  Overhead allocated the : 1217189

Question : 8) Stewart Company’s actual manufacturing overhead $2,800,000.  Overhead allocated the : 1217189

  8) Stewart Company’s actual manufacturing overhead is $2,800,000.  Overhead is allocated on the basis of direct labor hours.  The direct labor hours were 50,000 for the period.  What is the manufacturing overhead rate? A) $47.00 B) $56.00 C) $75.00 D) None of the above are correct.   9) O’Reilly Enterprises manufactures digital video equipment. For each unit $2,950 of direct material is used and […]

External link to Question : ESSAY. Write your answer in the space provided or a separate : 1196284

Question : ESSAY. Write your answer in the space provided or a separate : 1196284

  ESSAY. Write your answer in the space provided or on a separate sheet of paper. 91) The manager of the manufacturing division of Winnipeg Windows does not understand why income went down when sales went up. Some of the information he has selected for evaluation include: January               February Units produced40,00030,000 Units sold 30,00040,000 Sales$600,000 $ 800,000 Beginning inventory0150,000 Cost of production600,00050,000 Ending inventory150,000   […]

External link to Question : 31) Stan’s Shoe Repairs recorded $2,000 of unearned service revenue : 1212574

Question : 31) Stan’s Shoe Repairs recorded $2,000 of unearned service revenue : 1212574

31) Stan’s Shoe Repairs recorded $2,000 of unearned service revenue being earned and the collection of $4,000 cash for service revenue previously accrued. The impact of these two entries on total service revenue is: A) a decrease of $2,000. B) an increase of $4,000. C) an increase of $6,000. D) an increase of $2,000. 32) Nuyen Services Company records the payment of $500 cash for […]

External link to Question : 151. Chou Co. has a net income of $43,000, assets at : 1257600

Question : 151. Chou Co. has a net income of $43,000, assets at : 1257600

  151. Chou Co. has a net income of $43,000, assets at the beginning of the year are $250,000 and assets at the end of the year are $300,000. Compute its return on assets.  A. 8.4% B. 17.2% C. 14.3% D. 15.6% E. 1.5% 152. U. S. government bonds are:  A. High-risk and high-return investments. B. Low-risk and low-return investments. C. High-risk and low-return investments. D. Low-risk and high-return investments. E. High risk and no-return investments. 153. Risk […]

External link to Question : 75.A small stock dividend recorded at: A. Market value. B. Book value. C. : 1259491

Question : 75.A small stock dividend recorded at: A. Market value. B. Book value. C. : 1259491

    75.A small stock dividend is recorded at:    A. Market value.   B. Book value.   C. Par value.   D. No amount, just a memorandum entry is required.         76.Stock splits:    A. Allow management to conserve cash.   B. Give stockholders more shares.   C. Cause no change in total assets, liabilities, or stockholders’ equity.   D. Allow management to conserve cash, give stockholders more shares, and cause […]

External link to Question : 41. The corporation’s own stock that has been issued and then : 1236036

Question : 41. The corporation’s own stock that has been issued and then : 1236036

  41. The corporation’s own stock that has been issued and then repurchased by the company is referred to as:  A. Preferred Stock. B. Authorized Stock. C. Treasury Stock. D. Common Stock. 42. When treasury stock is resold at a gain, the difference between its cost and the cash received when resold:  A. Increases net income. B. Increases stockholders’ equity. C. Has no effect on net income or stockholders’ equity. D. Increases net income but […]

External link to Question : 111.In a business decision where there ethical concerns, the preferred : 1236288

Question : 111.In a business decision where there ethical concerns, the preferred : 1236288

  111.In a business decision where there are ethical concerns, the preferred course of action should be one that:    A.Is agreed upon by the most managers. B.Maximizes the company’s profits. C.Results in maintaining operations at the current level. D.Costs the least to implement. E.Avoids casting doubt on the decision maker and upholds trust. 112.If a company uses $1,300 of its cash to purchase supplies, the […]

External link to Question : 165. ABC Printing Company uses a job order cost system. (a) Indicate the : 1239432

Question : 165. ABC Printing Company uses a job order cost system. (a) Indicate the : 1239432

  165. ABC Printing Company uses a job order cost system.  (a) Indicate the source of the data for debiting Work in Process for each of the following:   (1) Direct materials requisitioned   (2) Direct labor used     (b) Indicate the source of the data for crediting Work in Process for jobs completed.     (c) Present a list of the three controlling accounts […]

External link to Question : 94.To compute trend percentages the analyst should: A. Select a base period, : 1258420

Question : 94.To compute trend percentages the analyst should: A. Select a base period, : 1258420

  94.To compute trend percentages the analyst should:    A. Select a base period, assign each item in the base period statement a weight of 100%, and then express financial numbers from other periods as a percent of their base period number. B. Subtract the analysis period number from the base period number. C. Subtract the base period amount from the analysis period amount, divide the result by the […]

External link to Question : 41.After preparing a bank reconciliation, the collection of a note : 1236151

Question : 41.After preparing a bank reconciliation, the collection of a note : 1236151

  41.After preparing a bank reconciliation, the collection of a note by the bank on a company’s behalf would be recorded with: A.A credit to Notes Receivable. B.A credit to Cash. C.A debit to Notes Receivable. D.A credit to Accounts Receivable. 42.After preparing a bank reconciliation, the service fee charged by the bank would be recorded with: A.A credit to Service Fees Expense. B.A debit […]

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