The process of transferring data from the ledger to the journal is called posting.
a. true
b. false
Answer: b. false
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Population growth is highest in countries and communities that can least afford it
Indicate whether the statement is true or false
Atoka Manufacturing uses a standard cost system. Standards for direct materials are as follows:
Actual purchases of direct materials for the current month are 10,000 pounds for $48,000. Planned and actual production for the month is 3000 units. Atoka has issued 10,000 pounds of direct materials to production. The journal entry to record this transaction is ________.
A) a debit to Work-in-Process Inventory for $28,800, a credit to Raw Materials Inventory for $30,000, and a debit to Direct Materials Efficiency Variance for $1200
B) a debit to Work-in-Process Inventory for $28,800, a credit to Raw Materials Inventory for $50,000, and a debit to Direct Materials Efficiency Variance for $21,200
C) a debit to Work-in-Process Inventory for $30,000, a credit to Raw Materials Inventory for $50,000, and a debit to Direct Materials Efficiency Variance for $20,000
D) a debit to Work-in-Process Inventory for $50,000, a credit to Raw Materials Inventory for $48,000, and a credit to Direct Materials Efficiency Variance for $2000
The water authority of the metropolitan city of Bongkasea put up a sign near all public water taps that read the following: "Turn me off after use because I may not be free of cost in 2050." Which of the following marketing strategies does this scenario best illustrate?
A. People marketing B. Place marketing C. Event marketing D. Idea marketing
The future value of $200 received today and deposited for three years in an account which pays semiannual interest of 8 percent is:
A) $253 B) $252 C) $158 D) $134 E) $248