Which of the following will most likely be issued by a firm when it helps the local community through a monetary donation or a service project?
A) backgrounder
B) press release
C) editorial
D) media alert
E) boilerplate
B
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What is the objective of a post-implementation review?
Given the preference stated in the last sentence of the quotation, what issuers is he likely to prefer? What issuers would he reject?
What will be an ideal response?
Of five letters (A, B, C, D, and E), two letters are to be selected at random. How many possible selections are there?
a. 20 b. 7 c. 5! d. 10
Drop Anchor takes special orders to manufacture sail boats for high end customers. Complete the job cost sheets for Drop Anchor for September based on the following information. Prepare journal entries to record the transactions as well as post to the job cost sheets.
a. Purchased raw materials on credit, $145,000.
b. Materials requisitions: Job 240, $48,000; Job 241, $36,000; Job 242, $42,000; indirect
materials were $12,000.
c. Time tickets used to charge labor to jobs: Job 240, $40,000; Job 241, $30,000; Job 242, $35,000, indirect labor is $25,000.
d. The company incurred the following additional overhead costs: depreciation of factory building, $70,000; depreciation of factory equipment, $60,000; expired factory insurance, $10,000; utilities and maintenance cost of $20,000 were paid in cash.
e. Applied overhead to all three jobs. The predetermined overhead rate is 190% of direct labor cost.
f. Transferred jobs 240 and 242 to Finished Goods Inventory.
g. Sold job 240 for $300,000 for cash.
h. Closed the under- or over-applied overhead account balance.
