Net income appears on the work sheet in the
A) debit column of the Balance Sheet columns
B) debit column of the Adjustments columns
C) debit column of the Income Statement columns
D) credit column of the Income Statement columns
C
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The amount foreign citizens, firms, and governments invest in a country minus the amount that the country's citizens, firms, and governments invest abroad is
A. the trade balance. B. the balance on current account. C. the capital-account balance. D. the balance on capital and financial account.
A deposition takes place in the courtroom before the judge and jury
a. True b. False
Coble Woodworking Corporation produces fine cabinets. The company uses a job-order costing system in which its predetermined overhead rate is based on capacity. The capacity of the factory is determined by the capacity of its constraint, which is an automated shaper. Additional information is provided below for the most recent month: Estimates at the beginning of the month: Estimated total fixed manufacturing overhead$33,075 Capacity of the shaper 270hoursActual results: Sales$79,268 Direct materials$12,200 Direct labor$17,400 Actual total fixed manufacturing overhead$33,075 Selling and administrative expense$8,100 Actual hours of shaper use 250hours The predetermined overhead rate based on hours at capacity is closest to:
A. $30.00 per hour B. $122.50 per hour C. $132.30 per hour D. $32.40 per hour
Meinke Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During April, the kennel budgeted for 3,700 tenant-days, but its actual level of activity was 3,680 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for April:Data used in budgeting: Fixed element per monthVariable element per tenant-dayRevenue - $33.80 Wages and salaries$3,100 $6.40Food and supplies 1,000 14.40Facility expenses 9,100 3.40Administrative expenses 6,500 0.40Total expenses$19,700 $24.60?Actual results for April: ?Revenue$118,524 Wages and salaries$27,122?Food and supplies$51,982?Facility expenses$20,852?Administrative
expenses$8,052???The administrative expenses in the planning budget for April would be closest to: A. $7,972 B. $8,096 C. $8,052 D. $7,980