In the ______ pattern, threads of thought refer back to the speaker’s central purpose.
a. web
b. deferred-thesis
c. linear
d. narrative
a. web
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Factory overhead was applied to completed jobs at the rate of 40% of direct labor costs. At the end of the year, several jobs were still in process. The job cost ledger shows direct labor costs of $7,000 . The proper journal entry for this adjustment is as follows:
a. A complete adjustment cannot be made due to lack of sufficient information. b. Debit Factory Overhead $2,800, credit Work in Process Inventory $2,800. c. Debit Work in Process Inventory $4,200, credit Factory Overhead $4,200. d. Debit Factory Overhead $4,200, credit Work in Process Inventory $4,200. e. Debit Work in Process Inventory $2,800, credit Factory Overhead $2,800.
Yo Yogurt received a promissory note of $15,500 for 16 months at 8% simple interest from one of its customers. After 9 months, the note was discounted at Gassaway Bank at a discount rate of 10%. What are the proceeds Yo Yogurt will receive from the discounted note? (Round to the nearest cent)
A. $13,846.67 B. $16,152.72 C. $17,153.33 D. $14,595.83
Forge Company, a calendar-year entity, had 6,000 units in its beginning inventory for 20X8. On December 31, 20X7, applying the lower-of-cost-or-market (NRV) principle, the units had been adjusted down to $470 per unit from an actual cost of $510 per unit. It was the lower of cost or market (NRV). No additional units were purchased during 20X8. The following additional information is provided for 20X8: Inventory Unit Market QuarterDate (units) Value FirstMarch 31, 20X8 4,800 $455 SecondJune 30, 20X8 4,000 480 ThirdSeptember 30, 20X8 3,100 440 FourthDecember 31, 20X8 2,000 455 Forge does not have sufficient experience with the seasonal market for its inventory units and assumes that any reductions in market value during the year will be
permanent.Based on the preceding information, the cost of goods sold for the second quarter is: A. $364,000 B. $424,000 C. $304,000 D. $416,000
A multiple regression model is assessed to be poor if the error sum of squares SSE and the standard error of estimate s? are both large, the coefficient of determination R2 is close to 0, and the value of the test statistic F is large
Indicate whether the statement is true or false