The general ledger entry to record the purchase of materials is:
a. Debit-Purchases Received
Credit-Purchase Orders Outstanding
b. Debit-Materials
Credit-Purchase Orders Outstanding
c. Debit-Purchases Received
Credit-Accounts Payable
d. Debit-Materials
Credit-Accounts Payable
d
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The influence of the media, as measured by society's trust in it, has been:
A) declining along with trust consumers B) increasing, along with trust in business C) increasing, along with trust in consumers D) diminished by the advent of blogging E) declining along with trust in business
For Proposal 3, the incremental depreciation expense for year 3 is ________. (See Table 11.2)
A) $21,000 B) $42,000 C) $47,850 D) $50,850
What is the marketing term for how a target market perceives a brand in relation to competing brands?
a. positioning b. perceptual mapping c. targeting d. segmentation e. profiling
Lawes Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During July, the company budgeted for 5,000 units, but its actual level of activity was 5,050 units. The company has provided the following data concerning the formulas to be used in its budgeting: Fixed element per monthVariable element per unitRevenue - $34.70 Direct labor$0 $6.00Direct materials 0 13.20Manufacturing overhead 31,000 1.90Selling and administrative expenses 20,300 0.10Total expenses$51,300 $21.20?The selling and administrative expenses in the planning budget for July would be closest to:
A. $20,500 B. $20,805 C. $20,800 D. $20,705