In comparison with active voice, passive voice:
A. reveals the doer of an action.
B. subordinates an unpleasant thought.
C. reinforces finger-pointing.
D. conveys ideas more vividly.
Answer: B
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The OE/S process helps support the decision needs of the ______________________________ and ______________________________ functions
Fill in the blank(s) with correct word
The document that a company would issue to a customer for merchandise returned is called a(n)
a. sales allowance; b. credit memorandum; c. debit memorandum; d. allowance memorandum; e. credit allowance
Budde Chemicals produces two industrial chemical compounds, X15 and Z24, from the same process, which last year cost $600,000 . Budde produced 10,00 . gallons of X15, which sells for $40 per gallon and 40,00 . gallons of Z24, which sells for $20 per gallon. Using the relative sales method, how much of the joint cost should be allocated to X15?
a. $200,000 b. $400,000 c. $120,000 d. $150,000
Mullis Company sold merchandise on account to a customer for $625, terms n/30. The journal entry to record the collection on account would be:
A. Debit Cash of $625 and credit Sales $625. B. Debit Accounts Receivable $625 and credit Sales $625. C. Debit Cash of $625 and credit Accounts Receivable $625. D. Debit Sales $625 and credit Accounts Receivable $625. E. Debit Accounts Receivable $625 and credit Cash $625.