Domingo Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 400 units. The costs and percentage completion of these units in beginning inventory were: Cost PercentCompleteMaterials costs$5,500 50% Conversion costs$1,700 20% A total of 6,800 units were started and 6,100 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: CostMaterials costs$158,700 Conversion costs$120,400 The ending inventory was 85% complete with respect to materials and 75% complete with respect to conversion costs.What are the equivalent units for conversion costs for the month in the
first processing department?
A. 825
B. 6,100
C. 7,200
D. 6,925
Answer: D
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Lassen Corporation issued ten-year term bonds on January 1, 2010, with a face value of $800,000 . The face interest rate is 8 percent and interest is payable semi-annually on June 30 and December 31 . The bonds were issued for $690,960 to yield an effective annual rate of 10 percent. The effective interest method of amortization is to be used. The entry on June 30, 2010, to record the payment of
interest and amortization of discount will be: a. Bond Interest Expense 32,000 Cash 32,000 b. Bond Interest Expense 34,548 Unamortized Bond Discount 2,548 Cash 32,000 c. Bond Interest Expense 34,548 Cash 34,548 d. Bond Interest Expense 32,000 Unamortized Bond Discount 32,000
Which of the following statements best describes a difference between indictments and information statements?
A) Indictments are issued by a grand jury, while an information statement is issued by a magistrate. B) Indictments are issued before a trial, while an information statement is issued after a trial. C) Information statements are issued without determining guilt, while an indictment is issued where guilt is evident. D) Information statements are issued to dismiss a case before it goes to trial, while an indictment is issued to bring a case to trial.
The National Labor Relations Board was established in 1935 by the ____________________ Act.
Fill in the blank(s) with the appropriate word(s).
Planning is the process of assuring that organizational goals are achieved.
Answer the following statement true (T) or false (F)