A separate record of each employee's earnings is called a(n)
a. payroll
register; b. employee's earnings record; c. payroll ledger; d. payroll
check; e. wage statement.
B
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Norwood Company signs a $11,000, 8.5%, six-month note dated November 1, 2018. The interest expense recorded for this note in 2018 will be ________. (Do not round any intermediate calculations, and round your final answer to the nearest dollar.)
A) $935 B) $156 C) $468 D) $312
The main difference between B2C and B2B markets is ________.
A. services sold by B2B salespeople are more expensive and technically complex than those in B2C. B. B2B requires more supervision and performance evaluation than B2C. C. good interpersonal and communication skills are more important for B2C than for B2B. D. B2B requires more knowledge of the products being sold than B2C. E. B2C requires the ability to discover customer needs and solve their problems more than B2B.
Lake Erie Company uses a plantwide overhead rate with machine hours as the allocation base. Next year, 600,000 units are expected to be produced taking 0.75 machine hours each. How much overhead will be assigned to each unit produced given the following estimated amounts?Estimated:Department 1Department 2Manufacturing overhead costs$3,107,500 $1,520,000 Direct labor hours 150,000DLH 250,000DLHMachine hours 250,000MH 175,000MH
A. $5.61 per unit B. $11.57 per unit C. $12.43 per unit D. $10.89 per unit E. $8.17 per unit
The expense recognition (matching) principle does not aim to record expenses in the same accounting period as the revenue earned as a result of these expenses.
Answer the following statement true (T) or false (F)