External link to Question : 51. A difficult problem in calculating the total costs and expenses : 1225597

Question : 51. A difficult problem in calculating the total costs and expenses : 1225597

  51. A difficult problem in calculating the total costs and expenses of a department is:  A. Determining the gross profit ratio. B. Assigning direct costs to the department. C. Assigning indirect expenses to the department. D. Determining the amount of sales of the department. E. Determining the direct expenses of the department. 52. A company has two departments, A and B that incur delivery expenses. An analysis of the total delivery […]

External link to Question : True / False Questions 1.In Chapter 8, you focus the second : 1199063

Question : True / False Questions 1.In Chapter 8, you focus the second : 1199063

  True / False Questions  1.In Chapter 8, you focus on the second sample company, Stone Harbor Lakes.      2.Time & Billing gives you a way to track expenses and time when working with your vendors and suppliers.      3.The purpose of SCA’s time & billing feature is to give you the tools to record customer-related work or expenses.      4.To track time and expenses, […]

External link to Question : 101. Which of the following does not require an adjusting entry : 1256793

Question : 101. Which of the following does not require an adjusting entry : 1256793

    101. Which of the following does not require an adjusting entry at year-end?  A. Accrued interest on notes payable. B. Supplies used during the period. C. Cash investments by stockholders. D. Accrued wages. E. Expired portion of prepaid insurance.     102. On April 30, 2014, a three-year insurance policy was purchased for $18,000 with coverage to begin immediately. What is the amount of insurance expense that would appear on […]

External link to Question : 111. Estimated cash payments planned reductions in cash from all of : 1233862

Question : 111. Estimated cash payments planned reductions in cash from all of : 1233862

  111. Estimated cash payments are planned reductions in cash from all of the following except:  A. manufacturing and operating expenses B. capital expenditures C. notes and accounts receivable collections D. payments for interest or dividends 112. Management accountants usually provide for a minimum cash balance in their cash budgets for which of the following reasons:  A. stockholders demand a minimum cash balance B. it is an important way of effectively managing cash […]

External link to Question : 11) The first three schedules to complete when preparing the : 1186309

Question : 11) The first three schedules to complete when preparing the : 1186309

  11) The first three schedules to complete when preparing the master operating budget are the A) revenue budget, production budget, and direct materials purchases and usage budget. B) costs of goods sold budget, production budget, and cash budget. C) revenue budget, overhead budget, and production budget. D) revenue budget, cash inflows, and production expenditures. E) revenue budget, costs of goods sold budget, and production […]

External link to Question : Objective 20.1 1) Among different types of costs associated with inventory, : 1211960

Question : Objective 20.1 1) Among different types of costs associated with inventory, : 1211960

    Objective 20.1   1) Among different types of costs associated with inventory, the costs of obtaining purchase approvals are ________. A) purchasing costs B) ordering costs C) stockout costs D) carrying costs   2) Among different types of costs associated with inventory, the incoming freight charges of inventories are ________. A) purchasing costs B) ordering costs C) stockout costs D) carrying costs   […]

External link to Question : 76. Harbinger Enterprises, Inc.The balance sheet taken from the 2012 10-K : 1224834

Question : 76. Harbinger Enterprises, Inc.The balance sheet taken from the 2012 10-K : 1224834

  76. Harbinger Enterprises, Inc.The balance sheet taken from the 2012 10-K of Harbinger Enterprises is provided below.    December 31 Assets: 2012 2011 Current Assets:       Cash $   122,200 $108,000   Accounts receivable 45,000 35,000   Inventory 17,000 14,000   Other current assets 13,000 11,000   Total current assets 197,200 168,000 Long-term Assets:       Property, plant & equipment, net 1,489,800 50,000 […]

External link to Question : 71. Which of the following considered to be unearned revenue? A. Concert tickets : 1251817

Question : 71. Which of the following considered to be unearned revenue? A. Concert tickets : 1251817

  71. Which of the following is considered to be unearned revenue?  A. Concert tickets sold for tonight’s performance. B. Concert tickets sold yesterday on credit. C. Concert tickets that were not sold for the current performance. D. Concert tickets sold for next month’s performance. 72. Which of the following is an example of accrued revenue?  A. Swimming pool cleaning that has been paid for three months in advance. B. Swimming pool cleaning […]

External link to Question : Multiple Choice Questions31. A corporation owned by A. the individual who started the : 1197667

Question : Multiple Choice Questions31. A corporation owned by A. the individual who started the : 1197667

  Multiple Choice Questions31. A corporation is owned by  A. the individual who started the company. B. its board of directors. C. the president of the corporation. D. its stockholders. 32. The stockholders of a corporation  A. have no personal liability for the debts of the corporation. B. are agents of the corporation empowered to act for the firm. C. cannot sell their share of stock without obtaining the agreement of other stockholders. D. will […]

External link to Question : 121. The management of River Corporation considering the purchase of a : 1239648

Question : 121. The management of River Corporation considering the purchase of a : 1239648

    121. The management of River Corporation is considering the purchase of a new machine costing $380,000. The company’s desired rate of return is 6%. The present value factor for an annuity of $1 at interest of 6% for 5 years is 4.212. In addition to the foregoing information, use the following data in determining the acceptability in this situation:  Year Income fromOperations Net CashFlow […]

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