External link to Question : 51. Which of the following equations can be used to compute : 1208294

Question : 51. Which of the following equations can be used to compute : 1208294

  51. Which of the following equations can be used to compute a labor usage variance? (A = Actual; S = Standard; Q = Quantity; P = Price)  A. (AQ ? SP) – (SQ ? SP) B. (SQ ? SP) – (SQ ? SP) C. (AQ ? AP) – (SQ ? SP) D. (AQ ? AP) – (AQ ? SP) 52. The following information is provided by the Atlantic Company:    […]

External link to Question : 83. Dandy, Inc. purchased molding machines at the beginning of 2011 : 1224934

Question : 83. Dandy, Inc. purchased molding machines at the beginning of 2011 : 1224934

  83. Dandy, Inc. purchased molding machines at the beginning of 2011 for $10,000. The machines have an estimated salvage value of $2,000 and an estimated life of 5 years or 50,000 hours of operation. Dandy is looking at alternative depreciation methods for the equipment. Determine the following:  A) Accumulated depreciation at December 31, 2012, using the straight-line depreciation method.     B) Depreciation expense for […]

External link to Question : 131.The direct write-off method of recognizing uncollectible accounts expense: A.Is acceptable : 1237643

Question : 131.The direct write-off method of recognizing uncollectible accounts expense: A.Is acceptable : 1237643

    131.The direct write-off method of recognizing uncollectible accounts expense:    A.Is acceptable only when most of the company’s sales are on credit.   B.Records uncollectible accounts expense when individual accounts receivable are determined to be worthless.   C.Records uncollectible accounts expense when customers exceed their credit limits.   D.Uses a valuation account to record specific customer accounts deemed uncollectible.         132.Joe […]

External link to Question : 121. The Stewart Cake Factory owns a building for its operations. : 1251724

Question : 121. The Stewart Cake Factory owns a building for its operations. : 1251724

  121. The Stewart Cake Factory owns a building for its operations. Stewart uses only half of the building and is considering two options for the unused space. The Candy Store would like to purchase the half of the building that is not being used for $550,000. A 7% commission would have to be paid at the time of purchase. Ice Cream Delight would like to […]

External link to Question : 51. Firms typically borrow from banks, insurance companies, and other financial : 1230317

Question : 51. Firms typically borrow from banks, insurance companies, and other financial : 1230317

    51. Firms typically borrow from banks, insurance companies, and other financial institutions by signing a note, which specifies the terms of the borrowing arrangement. The initial valuation of the loan equals _____.  A. the future value of the present cash payments discounted at the yield required by the borrower. B. the future value of the present cash payments discounted at the yield required by the lender. […]

External link to Question : 69.According to the FASB, plant acquired by colleges and universities : 1255350

Question : 69.According to the FASB, plant acquired by colleges and universities : 1255350

  69.According to the FASB, plant acquired by colleges and universities with either unrestricted or restricted resources are recorded as: A)Restricted B)Unrestricted C)Initially as temporarily restricted and reclassified as unrestricted in accordance with the depreciation schedule D)Either B or C 70.When a private college or university has a foundation, and that foundation receives contributions specifically directed for the benefit of the college or university, A)The […]

External link to Question : 130. The following units of a particular item were available for : 1239794

Question : 130. The following units of a particular item were available for : 1239794

  130. The following units of a particular item were available for sale during the year: Beginning inventory 150 units @ $755 Sale 120 units @ $925 First purchase 400 units @ $785 Sale 200 units @ $925 Second purchase 300 units @ $805 Sale 290 units @ $925     The firm uses the perpetual inventory system and there are 240 units of the item […]

External link to Question : 88.A debit used to record which of the following: A.A decrease : 1236626

Question : 88.A debit used to record which of the following: A.A decrease : 1236626

  88.A debit is used to record which of the following:    A.A decrease in an asset account. B.A decrease in an expense account. C.An increase in a revenue account. D.An increase in the owner’s capital account. E.An increase in the owner’s withdrawals account. 89.A credit entry:    A.Increases asset and expense accounts, and decreases liability, owner’s capital, and revenue accounts. B.Is always a decrease in an […]

External link to Question : 124. The cost of direct materials transferred into the Bottling Department : 1233781

Question : 124. The cost of direct materials transferred into the Bottling Department : 1233781

  124. The cost of direct materials transferred into the Bottling Department of the Desert Springs Water Company is $27,225. The conversion cost for the period in the Bottling Department is $7,596. The total equivalent units for direct materials and conversion are 60,500 and 63,300 respectively. Determine the direct materials and conversion cost per equivalent unit.  125. The cost of direct materials transferred into the Bottling Department […]

External link to Question : 51.Which of the following assessments based Carl Jung’s personality type : 1243277

Question : 51.Which of the following assessments based Carl Jung’s personality type : 1243277

    51.Which of the following assessments is based on Carl Jung’s personality type theory?    A.The Strong-Campbell Interest Inventory   B.The Myers-Briggs Type Inventory   C.The Big Five personality test   D.The Rorschach inkblot test   E.The Eysenck Personality Questionnaire     52.The _____ is based on a theory that emphasizes that we have a fundamental personality type that shapes and influences how we understand […]

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