A reorder of an existing product or service from a list of acceptable suppliers is referred to as a
A. make-buy.
B. modified rebuy.
C. straight rebuy.
D. standard reorder.
E. new buy.
Answer: C
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List three cash inflows and three cash outflows for capital investments.
What will be an ideal response?
Oxford Company uses a job order costing system. In the last month, the system accumulated labor time tickets total $24,600 for direct labor and $4,300 for indirect labor. How are these costs recorded?
A. Debit Work in Process Inventory $28,900; credit Factory Wages Payable $28,900. B. Debit Payroll Expense $24,600; debit Factory Overhead $4,300; credit Factory Wages Payable $28,900. C. Debit Work in Process Inventory $24,600; credit Factory Wages Payable $28,900. D. Debit Payroll Expense $28,900; credit Cash $28,900. E. Debit Work in Process Inventory $24,600; Debit Factory Overhead $4,300; Credit Factory Wages Payable $28,900.
State antitakeover statutes apply to ________
A) corporations that are incorporated in the state B) foreign corporations that operate in the state C) U.S. corporations incorporated in other states operating in the state D) corporations that export to the state
Manhattan Company recorded an adjusting entry to accrue interest owed of $700 as of December 31, Year 1. When the related note was paid during Year 2, the company paid $1250 in interest. Which of the following journal entries correctly records this Year 2 transaction? (Assume that the entry to record the payment of the note itself was recorded in a separate journal entry.)
A.
| Interest Expense | 550? | |
| Interest Payable | 700? | |
| Cash | 1250? |
B.
| Interest Expense | 1250? | |
| Cash | 1250? |
C.
| Interest Expense | 550? | |
| Cash | 550? |
D.
| Interest Expense | 1250? | |
| Cash | 700? | |
| Interest Payable | 550? |