The process of comparing supplier prices against one another or against external benchmarks is known as ________.
Fill in the blank(s) with the appropriate word(s).
Answer: price analysis
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The journal entry to issue $600 of direct materials and $30 of indirect materials to production involves debit(s) to the ________.
A) Work-in-Process Inventory account for $600 and Finished Goods Inventory account for $30 B) Manufacturing Overhead account for $630 C) Work-in-Process Inventory account for $600 and Manufacturing Overhead account for $30 D) Work-in-Process Inventory account for $630
Dog 'n Cat Company makes and sells pet supplies, including toys and chew items. One of the chew items is believed to be hazardous. The appropriate government agency may require Dog 'n Cat to
A. export the item and sell it only abroad. B. increase the price to cover the cost of any injuries or damage. C. reduce the price to indicate the hazard to consumers. D. remove the item from the market.
Almost ________ percent of the companies offering child care assistance to employees also offer elder care assistance.
A. 30 B. 10 C. 50 D. 90
On January 1, Year 2, Kincaid Company's Accounts Receivable and the Allowance for Doubtful Accounts carried balances of $71,000 and $2900, respectively. During Year 2, Kincaid reported $190,000 of credit sales, wrote off $1750 of receivables as uncollectible, and collected cash from receivables amounting to $227,700. Kincaid estimates that it will be unable to collect one percent (1%) of credit sales.What is the amount of uncollectible accounts expense that will be reported on the Year 2 income statement?
A. $2277 B. $1900 C. $1750 D. $710