Purchasing for a manufacturing plant involves getting the proper materials and processing them into finished goods while maintaining inventory and quality control.
Answer the following statement true (T) or false (F)
True
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Use the five transactions for Hennigan Company described below to answer the question(s) that follow(s). Dec 1 Hennigan purchases two new saws on credit at $375 each. The saws are added to Hennigan's rental inventory. Payment is due in 30 days. 8 Hennigan accepts advance deposits for tool Company of $75. 15 Hennigan receives a bill from Farmer's Electric Company for $150 . Payment is due in 30
days. 20 Customers are charged $750 by Hennigan for tool Company. Payment is due from the customers in 30 days. 31 Hennigan receives $500 in payments from the customers that were billed for Company on December 20. Refer to the transactions for Hennigan Rentals. Based on the October 31 transaction, Hennigan will record which of the following in its accounting records? a. a credit in Accounts Payable for $500. b. a credit in Accounts Receivable for $500. c. a debit in Accounts Payable for $500. d. a debit in Accounts Receivable for $500.
A child was injured yesterday by a bus on the way home from school
A) properly constructed sentence B) run-on C) misplaced part D) lacks parallel parts E) dangler
Which of the following is a difference between individual branding and family branding?
a. Individual branding uses different brand names for different products, while family branding markets several different products under the same brand name. b. Individual branding is used when products do not vary in use or performance, while family branding is used when products vary greatly in use or performance. c. Individual branding identifies the brand of a part that makes up the product, while family branding identifies the entire product. d. Individual branding is used when two brands receive equal treatment, while family branding is used when two brands borrow from each other's brand equity.
When preparing the direct labor budget, ________
A) the production manager projects the average direct labor costs B) direct labor hours needed for production are multiplied by the direct labor cost per hour C) the actual direct labor cost per hour must be known D) budgeted units to be produced are multiplied by direct labor cost per hour to determine budgeted direct labor cost