Today, the United States makes approximately ________ percent of the clothing its consumers purchased compared to ________ percent in 1990.
a. 3, 50
b. 25, 75
c. 75, 25
d. 10, 80
Ans: A
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The last semester grades of Nancy, a freshman at a local college are shown below. ? Course Credit Hours Grades Physics 5 C Calculus 4 A Biology 5 B Music 3 C P.E. 1 A ? The local university uses a 4 point grading system, i.e., A = 4, B = 3, C = 2, D = 1, F = 0. Compute Nancy’s semester grade point average.
What will be an ideal response?
Product planners need to consider products and services on three levels. At the third level, product planners must build ________
A) an actual product B) an augmented product C) core customer value D) a brand personality E) a basic product
On October 31, 2021, the bank statement for the checking account of Hollybuster Video shows a balance of $11,570, while the company's records show a balance of $10,858. Information that might be useful in preparing a bank reconciliation is as follows: a. Outstanding checks are $1,120.b. The October 31 cash receipts of $575 are not deposited in the bank until November 2.c. One check written in payment of utilities for $115 is correctly recorded by the bank but is recorded by Hollybuster as a disbursement of $155.d. In accordance with prior authorization, the bank withdraws $500 directly from the checking account as payment on a note payable. The interest portion of that payment is $50 and the principal portion is $450. Hollybuster has not recorded the direct withdrawal.e. Bank service
fees of $50 are listed on the bank statement.f. A deposit of $782 is recorded by the bank on October 13, but it did not belong to Hollybuster. The deposit should have been made to the checking account of Videos Unlimited, a separate company.g. The bank statement includes a charge of $105 for an NSF check. The check is returned with the bank statement and the company will seek payment from the customer. Required: 1. Prepare a bank reconciliation for the Hollybuster checking account on October 31, 2021.2. Record the necessary cash adjustments. What will be an ideal response?
Mocha Company manufactures a single product by a continuous process, involving three production departments. The records indicate that direct materials, direct labor, and applied factory overhead for Department 1 were $100,000, $125,000, and $150,000, respectively. The records further indicate that direct materials, direct labor, and applied factory overhead for Department 2 were $50,000,
$60,000, and $70,000, respectively. In addition, work in process at the beginning of the period for Department 1 totaled $75,000, and work in process at the end of the period totaled $60,000. The journal entry to record the flow of costs into Department 1 during the period for direct labor is: A) Work in Process--Department 1 60,000Wages Payable 60,000 B) Wages Payable 125,000Work in Process--Department 1 125,000 C) Work in Process--Department 1 125,000Wages Payable 125,000 D) Wages Payable 60,000Work in Process--Department 1 60,000