A post-closing trial balance could include all of the following accounts except the:
A. Fees Income account.
B. owner's capital account.
C. Cash account.
D. Accounts Receivable account.
Answer: A
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According to the symbolic view, managers have a(n) ________ effect on substantive organizational outcomes.
A. limited B. extensive C. influential D. significant
Upton Knitters manufactures sweaters and uses an operation-costing system. All sweaters are processed through Department no. 1, with subsequent processing taking place in Department no. 2 or Department no. 3, depending on the type of fabric used. Twenty thousand sweaters were produced during the year; there was no beginning or ending work in process. Sixty percent of the goods were sent to Department no. 2 for manufacturing.Conversion cost incurred in the three departments totaled $504,000, subdivided as follows: Department no. 1, $360,000; Department no. 2, $60,000; and Department no. 3, $84,000.Data pertaining to two representative orders, nos. 545 and 567, were:?No. 545No. 567Direct materials$112,000$94,000Number of sweaters8001,300Subsequent processing departmentNo. 3No.
2Required:A. Explain the nature of operation costing.B. Determine the cost of order nos. 545 and 567. What will be an ideal response?
Janice Beadles owns a large cargo vessel that is used primarily for international trade transactions. Janice is quite concerned about her possible liability and financial losses, as she has become aware of more and more collisions between ships at sea. What can you tell her about the different types of insurance that she could obtain that could assist her in the event of an accident?
Two types of distributed data processing are horizontal and _________ partitioning
Fill in the blanks with correct word