Which of the following accounts has a normal debit balance?
A) Accounts Payable
B) Sales Returns and Allowances
C) Sales
D) Interest Revenue
B
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Texas Inc has 10,000 shares of 6%, $125 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock outstanding at December 31 . What is the annual dividend on the preferred stock?
a. $75 per share b. $75,000 in total c. $10,000 in total d. $0.75 per share
On December 1, Orenthal Marketing Company received $5400 from a customer for a 2-month marketing plan to be completed January 31 of the following year. The cash receipt was recorded as unearned fees. The adjusting entry for the year ended December 31 would include:
A. a debit to Earned Fees for $3600. B. a credit to Earned Fees for $3600. C. a debit to Earned Fees for $5400. D. a credit to Unearned Fees for $1800. E. a debit to Unearned Fees for $2700.
The length of a paragraph depends on the organization's requirements, not on the reader's comprehension level
Indicate whether the statement is true or false
Use the earned value table to determine the estimated time to completion given the indicated state of the project
Activity 5 10 15 20 25 30 35 Plan % Complete A 850 350 1,200 100% B 400 125 525 100% C 1,275 650 1,925 100% D 2800 4,500 350 7,650 95% E 680 400 1,080 75% F 125 875 1,000 80% G 300 1200 1,500 45% Monthly Plan 850 750 1,400 3,450 5,180 1,175 2,075 14,880 Monthly Act 900 650 1,350 3,875 4,780 850 2,000 A) 35 days B) 37 days C) 39 weeks D) 41 weeks