Motorcycle Manufacturers, Inc projected sales of 76,000 machines for 2010. The estimated January 1, 2010, inventory is 6,500 units, and the desired December 31, 2010, inventory is 7,000 units. What is the budgeted production (in units) for 2010?
A) 75,500
B) 66,000
C) 76,500
D) 65,000
C
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With closing entries, you would expect to find all of the following except
A) debit Unearned Rent; credit Income Summary. B) debit Sales Revenue; credit Income Summary. C) debit Retained Earnings; credit Dividends. D) debit Income Summary; credit Loss on Sale of Land.
Residual value is not relevant when calculating double-declining-balance depreciation
Indicate whether the statement is true or false
Cost objects include all of the following except:
a. products. b. customers. c. departments. d. projects. e. All of the answers are correct.
A craft shop buys stuffed animals with a list price of $8,000. If the wholesaler offers trade discounts of 25/25/25, find the net price factor
A) 0.45375 B) 0.21125 C) 0.78875 D) 0.42188