Which of the following are not discounts for PAP coverage?
A) Good student discount
B) Anti-theft equipment discount
C) Low miles per gallon discount
D) Accident free discount
E) All of the above are discounts for PAP.
Answer: C
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To reconcile total manufacturing costs with the total cost of goods manufactured during the period,
a. subtract out all period costs from total manufacturing costs to arrive at cost of goods manufactured. b. add beginning and subtract ending finished goods inventory to total manufacturing costs. c. you must know how many goods were sold during the period. d. add beginning and subtract ending work in process inventory to total manufacturing costs.
Allowance for Doubtful Accounts has a debit balance of $800 at the end of the year (before adjustment), and an analysis of accounts in the customers ledger indicates doubtful accounts of $15,000. Which of the following entries records the proper provision for doubtful accounts?
A) debit Uncollectible Accounts Expense, $800; credit Allowance for Doubtful Accounts, $800 B) debit Uncollectible Accounts Expense, $14,200; credit Allowance for Doubtful Accounts, $14,200 C) debit Allowance for Doubtful Accounts, $800; credit Uncollectible Accounts Expense, $800 D) debit Uncollectible Accounts Expense, $15,800; credit Allowance for Doubtful Accounts, $15,800
Andrew earns $12 per hour during regular shifts. However, when he has to work the night shift, his pay goes up to $14 per hour. This part of his compensation is considered ________.
A. base pay B. a wage and salary add-on C. incentive pay D. benefits E. profit sharing
The consumption ratio is the amount of each activity consumed by a product
Indicate whether the statement is true or false