Match the following definitions and terms by placing the letter for the terms A through J in the blank space next to the best definition.A. Trade discountF. Acid-test ratioB. General and administrative expensesG. Merchandise inventoryC. FOB shipping pointH. Selling expensesD. Single-step income statementI. Multiple-step income statementE. FOB destinationJ. Inventory shrinkage___1. A measure of a company's ability to pay its current liabilities that excludes less liquid current assets such as inventory and prepaid expenses.___2. An income statement format that lists cost of goods sold as another expense and shows only one subtotal for total expenses.___3. The point of ownership transfer from seller to buyer that takes place when the goods arrive at the buyer's place of business.___4.
Products a company owns and intends to sell.___5. The expenses that support a company's overall operations and include costs related to accounting, human resources and finance.___6. The point of ownership transfer from seller to buyer that takes place when the goods depart the seller's place of business.___7. Inventory losses that require an adjusting entry to account for losses from theft or deterioration.___8. An income statement format that shows detailed computations of net sales and other costs and expenses, and reports subtotals for various classes of items.___9. A given percent deducted from a list price often granted to customers purchasing large quantities of merchandise.___10. The expenses of advertising merchandise, making sales, and delivering goods to customers.
What will be an ideal response?
1. F; 2. D; 3. E; 4. G; 5. B; 6. C; 7. J; 8. I; 9. A; 10. H
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Janos Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price$111 Units in beginning inventory 300Units produced 2,000Units sold 2,200Units in ending inventory 100 Variable costs per unit: Direct materials$29Direct labor$30Variable manufacturing overhead$4Variable selling and administrative expense$9Fixed costs: Fixed manufacturing overhead$34,000Fixed selling and administrative expense$39,600The company produces the same number of units every month, although the sales in units vary from month to month. The company's variable costs per unit and total fixed costs have been constant from month to month.What is the unit product cost for the month under variable costing?
A. $80 per unit B. $89 per unit C. $72 per unit D. $63 per unit
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A) Convergence B) Curation C) Emulation D) Configuration
Dominance increases the size of games by allowing additional strategies to be considered
Indicate whether the statement is true or false
Property that is owned in fee simple may not be given away
a. True b. False Indicate whether the statement is true or false