Refer to the T-account below:Work In ProcessBal.30,000(12)270,000(4)90,000 (6)70,000 (9)110,000 Bal.30,000 Entry (12) could represent which of the following?
A. Purchases of raw materials.
B. The cost of goods manufactured transferred to Finished Goods.
C. The cost of indirect materials incurred in production.
D. Direct labor cost incurred in production.
Answer: B
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Delisa invests office equipment with a fair market value of $70,000, delivery equipment with a fair market value of $89,000, and cash of $54,000 . She owes $68,000, represented by a note on the delivery equipment. If Delisa's office equipment cost $80,000 and has accumulated depreciation of $30,000, the amount at which the asset should be entered on the books of the new partnership would be
a. $50,000. b. $70,000. c. $80,000. d. $89,000.
When Anna started high school, she dated a boy on the football team. The relationship ended badly, and Anna swore off jocks forever. She avoids sports games and tells everyone she knows how lame school sports are. Recently, she started dating a new boyfriend who has embraced the Goth persona. Anna thinks he is very cool and wants to be just like him. Anna views jocks as a(n) _____________________, while she views those who embrace the Gothic lifestyle as a(n) _____________________.
A. dissociative reference group; membership reference group B. undesirable reference group; desirable reference group C. dissociative reference group; aspirational reference group D. negative reference group; positive reference group E. negative reference group; desirable reference group
A key employee is defined as an employee whose pay falls within the top 10 percent of the firm's workforce
a. True b. False Indicate whether the statement is true or false
For the purposes of production planning, product groups should be established on the basis of:
A) the availability of materials. B) similarity of manufacturing process. C) market segments. D) the availability of machinery. E) all of the above