Prepare the required general journal entries to record the following transactions for the Ringer Company.a. Purchased $40,000 of raw materials on account.b. Used $12,000 of direct materials in the production department.c. Used $5,000 of indirect materials.
What will be an ideal response?
| a. | Raw Materials Inventory………………… | 40,000 | ? |
| ? | Accounts Payable……………………… | ? | 40,000 |
| b. | Work in Process Inventory………………… | 12,000 | ? |
| ? | Raw Materials Inventory……………… | ? | 12,000 |
| c. | Factory Overhead………………………… | 5,000 | ? |
| ? | Raw Materials Inventory……………… | ? | 5,000 |
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Marko and Busola attended a lecture on changing weather patterns in the United States. The lecture confirmed Marko’s growing belief that global warming is increasing at a rapid rate and we need to do something right now! Busola, however, got the message that global warming isn’t as bad as we originally predicted. Marko and Busola are most likely engaged in ______.
a. selective attention b. selective perception c. selective exposure d. selective memory
Each of the following would affect the break-even point except a change in the:
a. Variable cost per unit. b. Total fixed costs. c. Sales price per unit. d. Number of units sold.
With reference to pricing in different types of markets, compare oligopolistic competition with a pure monopoly
What will be an ideal response?
There are people who have similar income and education levels and often share tastes in clothing, decorating styles, and leisure activities
These people also share many political and religious beliefs as well as ideas regarding valued activities and goals. These people could all be categorized as being in the same ________. A) family life cycle B) social class C) regional group D) operant conditioning set E) microculture