The journal entry to record the cost of warranty repairs that were incurred during the current period, but related to sales made in prior years, includes a debit to Warranty Expense
Indicate whether the statement is true or false
F
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Use this information pertaining to the Alvino Corporation to answer the following question. 1 . The corporation's Store Supplies account showed a beginning debit balance of $200 and supplies purchased of $800 . There were $300 of supplies on hand at year end. 2 . Depreciation on a building is estimated to be $5,000. 3 . A one-year insurance policy was purchased for $2,000 . Three months have
passed since the purchase. 4 . Accrued interest on a note receivable amounted to $100. 5 . The company received a $3,600 advance payment during the year on services to be performed. By the end of the year, one-fourth of the services had been performed. The adjusting entry for depreciation on the building is a. Depreciation Expense - Building 5,000 Accumulated Depreciation - Building 5,000 b. Accumulated Depreciation - Building 5,000 Depreciation Expense - Building 5,000 c. Building 5,000 Depreciation Expense - Building 5,000 d. Accumulated Depreciation - Building 5,000 Building 5,000
In any medium, the relevance of advertising content to an audience is less important than how many people the advertisement reaches
Indicate whether the statement is true or false
In responding positively to a claim, begin the message with
a. information promoting other products. b. the good news that you are complying with the customer's request. c. an explanation of the reasons the request is granted. d. a reminder of the problem.
Rolling Hills Golf Course is planning for the coming golfing season. Investors would like to earn a 10% return on the company's $60,000,000 of assets. The company primarily incurs fixed costs to groom the greens and fairways. Fixed costs are projected to be $30,000,000 for the season. About 500,000 rounds of golf are expected to be played each year. Variable costs are about $17 per round of golf. Rolling Hills Golf Course has a favorable reputation in the area and, therefore, has some control over the sales price of a round of golf. Using a cost-plus pricing approach, what sales price should Rolling Hills charge for a round of golf to achieve the desired profit?
A) $60 B) $77 C) $43 D) $89