Oxford Manufacturing Company completed jobs that cost $48,000 to produce. In the same period, the company sold jobs for $102,000 that cost $53,000 to produce.
Prepare the journal entries for the completion and sales of the jobs. All sales are on account. Omit explanation. Assume the perpetual inventory system is used.
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As it relates to an audit, which of following statement about professional skepticism is true?
a. Professional skepticism is not taken into consideration. b. Professional skepticism relates only to the nature of procedures performed. c. Professional skepticism is an attitude. d. Professional skepticism is determined based upon the importance to a user of the financial statements.
Operating leverage is the use of fixed cost to extract higher percentage changes in profits as sales activity changes
Indicate whether the statement is true or false
Grammatical consistency promotes clarity
Indicate whether the statement is true or false
________ is a sampling method in which the product is delivered directly to the prospect's residence.
A. Door-to-door sampling B. Event sampling C. In-house sampling D. Bounce-back sampling E. In-store sampling