Testing a sample of repairs and maintenance items to ensure that they were properly classified as repairs as opposed to property, plant, and equipment tests which of the following assertions for the property, plant, and equipment account?
A. Cutoff.
B. Authorization.
C. Completeness.
D. Occurrence.
Answer: C
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The following is from Goldman Inc's 2016 income statement. Purchases $172,000 Transportation-In 11,000 Inventory, January 1, 2016 26,500 Inventory, December 31, 2016 28,800 Purchase Returns and Allowances 8,400 How much will Goldman report as its cost of goods sold in its 2016 income statement?
a. $172,300 b. None of these choices c. $161,500 d. $161,300
Using ordinary interest, calculate the missing information for the simple discount note: Face Discount Date of Maturity Bank Value Rate Note Term Date Discount Proceeds $29,000 10.5% Sept. 2 90 days
What will be an ideal response?
Marketers need to anticipate how a medium will present their story and
A) whether they will need to supplement their message with in-store promotions. B) whether audiences will catch on to endorsements from fake bloggers. C) the effect of the medium's reputation upon the audience's perception of the story. D) the exact increase in sales attributable to positive publicity. E) whether they will need to change their advertising campaign.
[The following information applies to the questions displayed below.] Assume that the Oregon Ice Cream Company is considering the costs of two of their product lines-ice cream sandwiches and dessert bars. The company identified the following partial list of activities, costs, and activity drivers expected for the next year.ActivityExpected CostsCost DriverExtrusion costs$637,500 Number batches madePackaging costs$44,000 Number of units made Ice Cream SandwichesDessert BarsProduction volume 350,000units 200,000unitsBatches made 400batches 350batchesHow much overhead cost will be assigned to the dessert bar product line using activity-based costing (ABC)?
A. $297,500 B. $313,500 C. $340,750 D. $16,000 E. $247,818