Bravada Enterprises Transactions for Bravada Enterprises are provided below. Sept. 1 Bills are sent to clients for services provided in August for the amount of $2,200. Sept. 9 Barlue Furnishings delivers $1,500 of office furniture and $500 of office supplies to Bravada, leaving an invoice for $2,000. Sept. 15 Payment is made to Barlue for the office furniture and supplies delivered on September
9. Sept. 23 A $630 bill for advertising for the month of September is received. It will be paid on its due date in October. Sept. 30 Salaries of $450 are paid to employees. Refer to the transactions that occurred at Bravada Enterprises. The journal entry to record the September 23rd transaction will include a credit of $630 to:
A) Accounts receivable.
B) Cash.
C) Advertising expense.
D) Accounts payable.
D
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The number of setups would be an example of an activity driver in activity-based costing
Indicate whether the statement is true or false
An employee at CellWorld who produces 10 phone components in an hour earns $9 ($0.90 ×10) per hour, while another employee who produces 15 components earns $13.50 ($0.90 ×15). This is an example of a
A. direct commission plan. B. differential piece rate plan. C. straight piecework plan. D. profit-sharing plan. E. commission plan.
The Unadjusted Trial Balance columns of a work sheet total $86,300. The Adjustments columns contain entries for the following:1. Office supplies used during the period, $1900. 2. Expiration of prepaid rent, $900. 3. Accrued salaries expense, $700. 4.Depreciation expense, $1000. 5. Accrued service fees receivable, $600. The Adjusted Trial Balance columns total is:
A. $81,200. B. $91,400. C. $86,300. D. $88,600. E. $89,100.
JIT seeks to
a. reduce production cost while increasing quality. b. radically redesign the production process for effectiveness. c. modify all non-value-added activities. d. all of the above.