________ are an accounting measure of performance during a specific period of time, while ________ is the actual inflow or outflow of money
A) Profits; cash flow
B) Cash flows; profit
C) Dividends; cash flow
D) Profits; a dividend
Answer: A
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At the end of the month, the total of the amount column of the revenue journal is posted as a
A) debit to Accounts Receivable and a credit to Cash B) debit to Accounts Receivable and a credit to Fees Earned C) debit to Cash and a credit to Fees Earned D) debit to Cash and a credit to Accounts Payable
The ________ is a federal statute that prohibits age discrimination regarding employee benefits.
A. FEPA B. OWBPA C. ADEA D. EEOC
Shale Remodeling uses time and materials pricing. It is setting prices for next year using the following information: Labor rate, including fringe benefits$75per hourAnnual labor hours 6,350hoursAnnual materials purchases$1,206,250 Materials purchasing, handling, and storage$241,250 Overhead for depreciation, taxes, insurance, etc.$666,750 Target profit margin for both labor and materials 25% What is the total price for a project requiring 160 direct labor hours and $150,000 of materials?
A. $225,000. B. $256,000. C. $210,000. D. $253,500. E. $184,000.
Emara Company sells two generators—Model A and Model B—for $456 and $394, respectively
The variable cost of Model A is $406 and of Model B is $304. The company will generate lower revenues but a higher net income if it sells more of Model B than Model A. Indicate whether the statement is true or false