A report prepared by a processing department for equivalent units of production, production costs, and the assignment of those costs to the completed and in-process units is called a(n) ________.
A) organizational report
B) equivalent units report
C) job costing report
D) production cost report
D) production cost report
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Schedule charts help readers visualize ____________________
a. steps in a process b. procedures for an activity c. a sequence of activity over time d. an organization's agenda
In terms of the doctrine of quasi-contract, which of the following statements is true?
A. The agreement between the parties to a quasi-contract is inferred from their conduct. B. It is an equitable doctrine intended to prevent unjust enrichment. C. It only applies to situations involving an enforceable contract between the parties. D. It allows a court to award damages to the defendant even though no actual contract existed between the parties.
During Year 1, Morsch Company issued common stock to stockholders for $10,000; purchased land for $2,000 cash; provided services to customers for $8,000; paid cash operating expenses of $6,200; and paid cash dividends of $1,000 to the company's owners. Required:Enter each of these events into the horizontal financial statements model, below. Indicate dollar amounts of increases and decreases. For cash flows, show whether they are operating activities (OA), investing activities (IA), or financing activities (FA). Enter a "0" if a transaction does not affect a given element of the accounting equation. EventAssets=Liab.+EquityRev.-Exp.=Net Inc.Stmt of Cash Flowsa)???????????b)???????????c)???????????
What will be an ideal response?
Quicksilver Delivery Service contracts to deliver Pete's Pizza Parlor's products to its customers for $5,000, payable in advance. Pete's pays the money, but Quicksilver fails to perform. Can Pete's rescind the contract? Can Pete's also obtain restitution? What does it mean to "rescind" a contract? How is a contract rescinded? What is restitution? How is restitution accomplished? Explain.
What will be an ideal response?