How much would Olga's semiannual premium be for a 5-year term insurance policy with a face value of $350,000, based on Tables 19-1 and 19-2 from your text? She turned 26 years old on her last birthday. (Round your answer to the nearest cent)
A. $450.00
B. $392.50
C. $456.82
D. $549.70
Answer: C
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Calculate the gross profit for August using absorption costing.
Arianell, Inc. reports the following information for August:
A) $845,000
B) $740,000
C) $700,000
D) $655,000
On August 1 . 2013 . Abruzzo Corp acquired 10,000 of the outstanding shares of Tuscany Co On January 2, 2014, Abruzzo acquired an additional 20,000 shares of Tuscany Co, which brought the total ownership to 30,000 shares. Using the normal guidelines for percentages of ownership and assuming that Tuscany Co had 100,000 shares outstanding during 2013 and 2014, Abruzzo Corp should account for the
investment in Tuscany Co by using the a. cost method in 2013 and the equity method in 2014. b. cost method in 2013 . retroactively adjusting the investment account to the equity method at the beginning of 2014, and using the equity method in 2014. c. equity method for 2013 and 2014. d. cost method in 2013 and 2014 for the 10,000 shares acquired in 2013 . and using the equity method in 2014 for the 20,000 shares acquired in 2014.
The inventory cost that can include lost sales, cost of expediting, and cost of interrupted production is called
A) ordering cost. B) carrying cost. C) stockout cost. D) setup cost. E) storing cost.
During July at Loeb Corporation, $83,000 of raw materials were requisitioned from the storeroom for use in production. These raw materials included both direct and indirect materials. The indirect materials totaled $4,000. The journal entry to record the requisition from the storeroom would include a:
A. debit to Work in Process of $83,000 B. debit to Work in Process of $79,000 C. debit to Raw Materials of $83,000 D. credit to Manufacturing Overhead of $4,000