Teel Printing uses two measures of activity, press runs and book set-ups, in the cost formulas in its budgets and performance reports. The cost formula for wages and salaries is $8,850 per month plus $400 per press run plus $950 per book set-up. The company expected its activity in July to be 204 press runs and 111 book set-ups, but the actual activity was 201 press runs and 110 book set-ups. The actual cost for wages and salaries in July was $193,780.The wages and salaries in the planning budget for July would be closest to:
A. $196,672
B. $195,900
C. $193,750
D. $193,780
Answer: B
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A purchase of goods is made with a list price of $4,110.00, a trade discount of 10%, and credit terms of 3/15, n/30 . If the invoice is not paid within the discount period, the amount that would be paid would be
a. $4,110.00; b. $3,699.00; c. $3,986.70; d. $3,588.03; e. $3,575.70
Accompanying the bank statement was a credit memo for a short-term note collected by the bank for the customer. What entry is required in the company's accounts?
A) debit Notes Receivable; credit Cash B) debit Cash; credit Miscellaneous Income C) debit Cash; credit Notes Receivable D) debit Accounts Receivable; credit Cash
You are the entry-level mail clerk of a major clothing company. It would be appropriate for you to personalize an e-mail if
A) You are writing to someone you do not know. B) You are writing outside the company. C) You are writing up to management. D) None of the above.
______ rely solely on audio and can feature a single speaker, two speakers, perhaps using the interview format, or a panel.
a. Podcasts b. Online meetings c. Webinars d. Videos