Which one of the following is a correct expression of the accounting equation?
a. Assets + Liabilities = Owners' Equity
b. Assets = Liabilities Owners' Equity
c. Assets + Owners' Equity = Liabilities
d. Assets = Liabilities + Owners' Equity
d
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Contrast the navigational databases with relational databases. What is the primary advantage of the relational model?
The fixed manufacturing costs increase by $102,000 for every 500 units produced beyond the maximum capacity of the plant. If a special pricing order is accepted for 5500 sails at a sales price of $165 per unit, and if the order requires no variable or fixed selling and administrative costs, what is the effect on operating income?
Briny Sail Makers manufactures sails for sailboats. The company has the capacity to produce 35,000 sails per year and is currently producing and selling 30,000 sails per year. The following information relates to current production:
A) Operating income increases by $464,500.
B) Operating income decreases by $464,500.
C) Operating income increases by $566,500.
D) Operating income decreases by $566,500.
On January 1, 2017, Finch Company issued $74,000 of five-year, 8% bonds when the market interest rate was 12%. The issue price of the bonds was $62,000. Finch uses the effective-interest method of amortization for bond discount. Semiannual interest payments are made on June 30 and December 31 of each year. How much interest expense will be recorded when the first interest payment is made? (Round your answer to the nearest dollar number.)
A) $2,480 B) $3,720 C) $2,960 D) $4,440
The movement of product from one location to another as it makes its way from the beginning of a supply chain to the customer's hands is referred to as
A) transportation. B) retailing. C) distribution. D) manufacturing.