On November 1, Arvelo Corporation had $32,000 of raw materials on hand. During the month, the company purchased an additional $78,000 of raw materials. During November, $95,000 of raw materials were requisitioned from the storeroom for use in production. These raw materials included both direct and indirect materials. The indirect materials totaled $3,000.Prepare journal entries to record these events. Use those journal entries to answer the following questions: The credits to the Raw Materials account for the month of November total:
A. $32,000
B. $110,000
C. $95,000
D. $78,000
Answer: C
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Abco Realty owns several rental apartment buildings in a working class but safe neighborhood that has recently become popular with young professionals because of its proximity to an express commuter train line
Abco has recently invested in the infrastructure of the buildings, adding laundry rooms, safety features to the lobbies, and new insulated windows to all the units. Because of this, Abco cannot afford to match the unit rental prices of other buildings that have not made improvements. How should the sales manager of Abco Realty most likely differentiate Abco's units from units offered in other buildings? A) The sales manager can convince management to cut expenses on basic maintenance so the apartments can be rented at prices matching other buildings in the area. B) The sales manager can promote the neighborhood as a safe place to live with a rich history. C) The sales manager can convince the owners of the other buildings in the area to bring their rental prices up to the prices Abco charges. D) The sales manager can promote Abco apartments as being worth more money because they are safer and have more services. E) The sales manager can promote Abco apartments as being worth more money because the company has helped raise home values in the area.
Which one of the following financial statements reports an entity's financial position at a specific date?
A) Balance sheet B) Statement of retained earnings C) Income statement D) Statement of cash flows
Different personalities and skills of salespeople will lead to a company's failure in all foreign countries
Indicate whether the statement is true or false a. True b. False
If it took 1000 hours to produce the first unit of a product, and the learning curve is 70%, how long will it take to produce units 26 through 50?
A) 12,307 hours B) 8,404 hours C) 134 hours D) 3,903 hours E) none of the above