All adjustments to the unadjusted cash balance on a bank reconciliation require adjusting entries; however, adjustments to the bank statement balance do not require adjusting entries.
Answer the following statement true (T) or false (F)
True
Only adjustments to the unadjusted cash (book) balance require adjusting entries. Adjustments to the unadjusted bank balance, such as deposits in transit and outstanding checks, are items that have already been recorded in the company's records.
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The correct sequence from longest to smallest duration scheduling is:
A) capacity planning, aggregate planning, master schedule, short-term scheduling. B) aggregate planning, capacity planning, master schedule, short-term scheduling. C) master schedule, capacity planning, aggregate planning, short-term scheduling. D) master schedule, aggregate planning, capacity planning, short-term scheduling. E) capacity planning, master schedule, aggregate planning, short-term scheduling.
When deciding on sales promotion methods to employ, marketers take several factors into consideration. Which factor below is unlikely to affect decisions regarding sales promotion methods?
A. Type of package B. Product characteristics C. Target market characteristics D. Types of resellers E. Competitive forces in the environment
Reformation is an equitable remedy that allows a court to rewrite a contract to suit itself
a. True b. False Indicate whether the statement is true or false
Plummer Corporation has provided the following data for its two most recent years of operation: Selling price per unit$44Manufacturing costs: Variable manufacturing cost per unit produced: Direct materials$9Direct labor$6Variable manufacturing overhead$4Fixed manufacturing overhead per year$63,000 Selling and administrative expenses: Variable selling and administrative expense per unit sold$5Fixed selling and administrative expense per year$66,000 Year 1 Year 2Units in beginning inventory0 2,000Units produced9,000 7,000Units sold7,000 8,000Units in ending inventory2,000 1,0000 The unit product cost under absorption costing in Year 2 is closest to:
A. $33.00 B. $9.00 C. $28.00 D. $19.00