Regardless of beginning inventory levels, the unit costs are determined by dividing the equivalent units by the total costs of the period
Indicate whether the statement is true or false
F
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Mucura Enterprises has a credit balance of $40,000 in its Allowance to Adjust Long-Term Investments to Market account before adjustment. Its investment portfolio has a total cost of $250,000 and a market value of $225,000 . The year-end adjustment entry that would be recorded in the books of Mucura Enterprises is:
a. Long-Term Investments 15,000 Allowance to Adjust Long-Term Investments to Market 15,000 b. Allowance to Adjust Long-Term Investments to Market 15,000 Unrealized Loss on Long-Term Investments 15,000 c. Allowance to Adjust Long-Term Investments to Market 25,000 Long-Term Investments 25,000 d. Unrealized Loss on Long-Term Investments 25,000 Long-Term Investments 25,000
Which of the following is NOT an example of a secondary data source for a company researching whether it should open a casino near St. Louis, Missouri?
A) U.S. Census reports on St. Louis growth patterns B) a survey commissioned by the company asking St. Louis residents about their gambling habits C) the stockholders' report from a casino that currently operates in St. Louis D) a trade organization report on the tourism industry in Missouri E) an academic study of the growth of online gambling activities
A buying situation in which a business customer signals its satisfaction by agreeing to purchase the same product at the same price is called a
A. repeat buy. B. straight rebuy. C. new buy. D. modified rebuy. E. quick buy.
Which of the following is the last step in the daily control over cash receipts by mail?
A) A mailroom employee sends all customer checks to the treasurer who has the cashier make the bank deposit. B) The controller opens the mail and sends the remittance advices to the accounting department. C) The controller compares the records of the day's bank deposit amount from the treasurer and the debit to cash from the accounting department. D) The accounting department prepares journal entries to cash and the customers' accounts.