________ is/are effective for showing comparisons
A) Bar charts B) Line charts C) Line drawings D) Pie charts
A
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Exhibit 14-8 Piazzi, Inc sold $400,000 of its 9%, five-year bonds dated January 1, 2013, on May 1, 2013, for $393,000 plus accrued interest. Interest is paid on January 1 and July 1 and straight-line amortization is used. ? Refer to Exhibit 14-8. The net liability for the bonds after recording the sale would be
A) $408,000. B) $407,700. C) $400,000. D) $393,000.
While all actions that are ethical are legal, some actions that are legal may not be ethical
Indicate whether the statement is true or false
The Merchandise Inventory account balance is $50,000. An physical count of inventory reveals that actual inventory balance is $47,000. Which of the following would be included in the adjusting entry? (Assume a perpetual inventory system.)
A) a $47,000 credit to Merchandise Inventory B) a $50,000 debit to Cost of Goods Sold C) a $3,000 credit to Cost of Goods Sold D) a $3,000 credit to Merchandise Inventory
Malakan Corporation has two production departments, Machining and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Machining Department's predetermined overhead rate is based on machine-hours and the Finishing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: MachiningFinishingMachine-hours 18,000 11,000Direct labor-hours 2,000 9,000Total fixed manufacturing overhead cost$102,600$96,300Variable manufacturing overhead per machine-hour$2.10 Variable manufacturing overhead per direct labor-hour $3.90 During the current month the company started and finished Job K368. The following data were
recorded for this job: Job K368:Machining FinishingMachine-hours80 30Direct labor-hours20 40 The amount of overhead applied in the Machining Department to Job K368 is closest to: A. $168.00 B. $140,400.00 C. $856.00 D. $624.00