J. Brown Consulting immediately paid $500 cash for utilities for the current month. Given the choices below, determine the general journal entry that J. Brown Consulting will make to record this transaction.
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Interest on a six-month, 7 percent, $2,000 note is calculated by multiplying $2,000 ? 7/100 ? 6/12
Indicate whether the statement is true or false
Martin Company currently produces and sells 40,000 units of product at a selling price of $12. The product has variable costs of $6 per unit and fixed costs of $150,000. The company currently earns a total contribution margin of:
A. $200,000 B. $240,000 C. $280,000 D. $90,000
Nunnsky's Retail sent out newspaper inserts advertising wool suits for $50 . In fact, the store had only two, out-of-style suits for sale at this price. Their other wool suits started at $175 . This constitutes bad faith in its advertising, so consumers may have protection through state consumer protection statutes
a. True b. False Indicate whether the statement is true or false
Viva, Inc. has provided the following information for the year
Cost of Goods Manufactured $1,261,000 Beginning Balance-Finished Goods Inventory 99,000 Ending Balance-Finished Goods Inventory 85,000 How much is the cost of goods sold? A) $184,000 B) $1,275,000 C) $1,261,000 D) $1,247,000