On September 1, 2019, Jay Walker Company purchased a one-year insurance policy for $1,320. The correct adjusting entry on December 31, 2019, is:
A. debit Insurance Expense $330; credit Prepaid Insurance $330
B. debit Prepaid Insurance $110; credit Insurance Expense $110
C. debit Prepaid Insurance $1,320; credit Insurance Expense $1,320
D. debit Insurance Expense $440; credit Prepaid Insurance $440
Answer: D
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What should be considered when choosing an outfit for a first interview?
A) How to convey personality through clothing and accessories B) Assume casual attire is appropriate for the interview C) Wear bold accessories like a distinct piece of jewelry D) Wear an outfit that looks like it was purchased on one hanger E) If the interview is during summer months, avoid stockings and closed toed shoes.
The goals of an ethics training program do not include
a. Providing the necessary tools need by employees to understand the ethical decision-making process b. Explaining the procedure used when employees violate ethical standards c. Giving pay rises to all employees d. Creating a strong ethical work climate
Organisations that are owned by their members, whether customers, employees or local residents, and exist to serve those members are called:
a. mutual societies b. enterprises c. communes d. cooperatives
Bobzien, Inc., manufactures and sells two products: Product B7 and Product Z5. Data concerning the expected production of each product and the expected total direct labor-hours (DLHs) required to produce that output appear below: Expected Production Direct Labor-Hours Per Unit Total Direct Labor-HoursProduct B7300 5.0 1,500 Product Z5800 3.0 2,400 Total direct labor-hours 3,900 The direct labor rate is $15.10 per DLH. The direct materials cost per unit is $136.20 for Product B7 and $204.40 for Product Z5.The company is considering adopting an activity-based costing system with the following activity cost pools, activity measures, and expected activity:Activity Cost PoolsActivity MeasuresEstimated Overhead CostExpected Activity???Product B7Product
Z5TotalLabor-relatedDLHs$39,585 1,5002,4003,900Production ordersorders 26,884 5006001,100Order sizeMHs 462,768 4,6004,7009,300 $529,237 The unit product cost of Product B7 under activity-based costing is closest to: (Round your intermediate calculations to 2 decimal places.) A. $1,066.17 per unit B. $692.82 per unit C. $890.20 per unit D. $974.69 per unit