Allocated manufacturing overhead is always recorded
A. with a debit to? work-in-process inventory.
B. with a credit to manufacturing overhead.
C. with a debit to raw materials inventory.
D. both A? & B are correct.
Answer: D. both A? & B are correct.
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One of the weaknesses of budgets is that they are of little value in uncovering potential bottlenecks.
Answer the following statement true (T) or false (F)
Slim Sips manufactures a variety of sugar-free beverages and is widely known in the country of Venture. Slim Sips plans to acquire a small firm named Slim Cow that makes low-fat cheese. Because of concerns about obesity in Venture, the market for low-fat cheese is increasing at a growing rate. However, Slim Cow's poor popularity in the market has caused it to go into loss. Slim Cow is most likely a ________ according to the BCG Matrix.
A. dog B. cash cow C. star D. question mark E. satellite
Grandmark Printing pays the current month's rent of $2,000 to the landlord of the building where its facilities are located. How does this transaction affect the accounting equation for Grandmark?
A. Assets would decrease $2,000 and liabilities would decrease $2,000. B. Assets would increase $2,000 and equity would increase $2,000. C. Assets would increase $2,000 and liabilities would increase $2,000. D. Assets would decrease $2,000 and equity would decrease $2,000. E. Liabilities would decrease $2,000 and equity would increase $2,000.
If an analyst desires a conservative net present value estimate, he/she will assume that all cash inflows occur at
a. mid year. b. the beginning of the year. c. year end. d. irregular intervals.