Depreciation of factory buildings and equipment is an example of
a. direct labor.
b. direct materials.
c. factory overhead.
d. operating expenses.
c
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Brentwood Company purchased a mine in 2018 for $500,000 and estimated that 30,000 tons of iron ore could be extracted from it. There was no residual value. The business extracted and sold 2,500 tons of ore in 2018. How will the mine be reported on the balance sheet at the end of year 2018? (Round all intermediate calculations to the nearest cent.) Omit explanation.
What will be an ideal response?
On April 6, Year 1, Gringotts Company purchased $140,000 of merchandise inventory. Terms of the purchase included a discount of 3/20, n/30 and the freight terms were FOB destination. Freight costs amounted to $4,600. Gringotts paid the account payable on April 24. Gringotts sold all inventory for $189,500.Required: What is the amount of gross margin that will be shown on the income statement?
What will be an ideal response?
According to the symbolic view, managers have a(n) ________ effect on substantive organizational outcomes.
A. limited B. extensive C. influential D. significant
The theory that managers may prefer internal sources of funds to the lowest cost source of funds is known as
A) the Modigliani and Miller Proposition. B) tradeoff theory. C) financial stress avoidance theory. D) pecking order theory.