Accruex Corporation invests excess cash of $25,000 in corporate bonds on March 30, 2017
The bonds will mature in two years from the date of purchase. When the bonds mature in 2019, Accruex plans to use the cash for its business expansion. Which of the following is included in the journal entry on March 30, 2017?
A) a debit to Long-term Investments-Held-to-Maturity for $25,000
B) a debit to Short-term Investments-U.S. Treasury Notes for $25,000
C) a debit to Long-term Investments-Available-for-Sale for $25,000
D) a credit to Long-term Investments-Available-for-Sale for $25,000
A
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A. a decision requires extended problem solving. B. retailers stimulate sales by suggesting complementary merchandise. C. a decision process involves little or no conscious effort. D. the purchase decision involves a lot of risk and uncertainty. E. a decision requires assistance from sales associates.
Which of the following types of communication programs is typically the most difficult to evaluate?
A) public relations B) online advertising C) personal sales D) sales promotion E) advertising
Claybrooks Corporation has two manufacturing departments-Casting and Assembly. The company used the following data at the beginning of the year to calculate predetermined overhead rates: CastingAssemblyTotalEstimated total machine-hours (MHs) 3,000 2,000 5,000Estimated total fixed manufacturing overhead cost$17,700$5,800$23,500Estimated variable manufacturing overhead cost per MH$1.50$2.20 Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both departments. The departmental predetermined overhead rate in the Assembly Department is closest to:
A. $6.48 B. $5.10 C. $2.20 D. $2.90
Which of the following would not be included on a job cost report?
A) Marketing costs B) Direct labor costs C) Manufacturing overhead costs D) Direct materials cost