If a two-column
(all-purpose) general journal, a revenue journal, and a cash receipts journal are used, indicate the journal in which each of the following transactions should be recorded:
(a)Investment of additional cash in the business by the owner
(b)Rendering of services for cash
(c)Rendering of services on account
(d)Receipt of cash on account from a customer
(e)Sale of office supplies for cash, at cost, to a neighboring business
(f)Adjustment to record supplies used at the end of the year
(g)Closing of drawing account at the end of the year

Incurring actual indirect factory wages in excess of budgeted amounts for actual production results in a _____ variance.

A) quantity
B) controllable
C) volume
D) rate

If the firm were a perfect competitor in the long run,how much would its output be?

Forms of control in the Fordist work place included moving assembly lines and careful monitoring.

Bentz Co. has two divisions, A and B. Invested assets and condensed income statement data for each division for the year ended December 31 are as follows:? (a)Prepare condensed income statements for the past year for each division.
(b)Using the DuPont formula, determine the profit margin, investment turnover, and return on investment for each division. Round the profit margin percentage to two decimal places and investment turnover to four decimal places.

The Degree of Financial Leverage(DFL)quantifies the effect of leverage by relating relative changes in EBIT to relative changes in EPS.