Journalize the following sales transactions for Bryson Printing Equipment using the periodic inventory system. Explanations are not required.
March 2: Bryson sold $45,800 of printing equipment on account, credit terms n/30.
March 5: Bryson received a $2,500 sales return of damaged goods from the customer.
March 11: Bryson received payment from the customer of the amount due.
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Robert Inc uses the standard costing method. The company's main product is a fine-quality headphones that normally takes 0.5 hour to produce. Normal annual capacity is 5,000 direct labor hours, and budgeted fixed overhead costs for the year were $8,750. During the year, the company produced and sold 5,800 units. Actual fixed overhead costs were $6,000. Using the information provided for Robert
Inc, compute the fixed overhead cost variance. A) $2,750 (F) B) $925 (U) C) $3,675 (U) D) $5,800 (U)
Program units can enable the access of database objects to users without the users being granted privileges to access the specific objects.
Answer the following statement true (T) or false (F)
In the stockholders' equity section of a corporation's balance sheet, how is treasury stock treated?
a. Cost of treasury stock is added to retained earnings. b. Cost of treasury stock is subtracted from retained earnings and total paid-in capital to give total stockholders' equity. c. Par value of treasury stock is subtracted from retained earnings and total paid-in capital to give total stockholders' equity d. Par value of treasury stock is added to retained earnings. e. Treasury stock is an asset that is not listed in the stockholders' equity section.
Answer the following statement(s) true (T) or false (F)
11. In the building approach, information about how to proceed is readily available. 12. Entrepreneurs who have alertness rationally and systematically search their environment or their particular information sets for opportunities. 13. Research shows that entrepreneurs with preexisting knowledge of an industry or market are more likely to recognize opportunities than entrepreneurs who have less experience. 14. Typically, entrepreneurs go through three processes before they are able to identify an opportunity for a new business venture: idea generation, creativity, and opportunity recognition. 15. The purpose of the creativity stage is to transform ideas into opportunities.