MP
Marissa Parus
Answers (6)
MP
Answered
(a) A sales journal will be used for:
Credit Sales Cash Sales Sales Returns Yes No YesNo Yes No\begin{array}{llll} \text {Credit \quad Sales} & \text { Cash \quad Sales } &\text {Sales \quad Returns } \\\text {Yes \quad \quad No} &\text { Yes\quad \quad No} &\text { Yes \quad\quad No}\end{array}Credit SalesYes No Cash Sales YesNoSales Returns Yes No
(b) A single-column purchases journal will be used for:
Cash Purchases Purchases on Account PurchaseDiscounts YesNo Yes No YesNo\begin{array}{lcccc}\text { Cash \quad Purchases } & \text { Purchases \quad on Account } & \text { Purchase\quad Discounts } \\\text { Yes\quad \quad No } & \text { Yes \quad \quad No } & \text { Yes\quad \quad No}\end{array} Cash Purchases YesNo Purchases on Account Yes No PurchaseDiscounts YesNo
(c) A multi-column purchases journal will be used for:
Supplies PurchasedEquipment PurchasedCash Purchases on Account on Account YesNo Yes NoYesNo\begin{array}{llll} &\text {Supplies Purchased}&\text {Equipment Purchased}\\\text {Cash Purchases} &\text { on Account } &\text { on Account } \\\text {Yes\quad \quad No} &\text { Yes \quad \quad No} & \text {Yes\quad \quad No}\end{array}Cash PurchasesYesNoSupplies Purchased on Account Yes NoEquipment Purchased on Account YesNo
(d) A cash payments journal will be used for:
Payments toPurchases Owner Cash Creditors DiscountsInvestmentYesNo YesNo YesNo\begin{array}{lll} \text {Payments to} & \text {Purchases }&\text { Owner Cash } \\\text {Creditors} &\text { Discounts} & \text {Investment} \\\text {Yes\quad \quad No} &\text { Yes\quad \quad No }&\text { Yes\quad \quad No}\end{array}Payments toCreditorsYesNoPurchases Discounts YesNo Owner Cash Investment YesNo
(e) A cash receipts journal will be used for:
Owner Cash WithdrawalsPurchases Discounts Cash Sales YesNoYesNo YesNo\begin{array}{lcccc} \text { Owner Cash }\\ \text {Withdrawals} & \text {Purchases Discounts } & \text {Cash Sales } \\\text {Yes\quad \quad No} & \text {Yes\quad \quad No} &\text { Yes\quad \quad No}\end{array} Owner Cash WithdrawalsYesNoPurchases Discounts YesNoCash Sales YesNo
Credit Sales Cash Sales Sales Returns Yes No YesNo Yes No\begin{array}{llll} \text {Credit \quad Sales} & \text { Cash \quad Sales } &\text {Sales \quad Returns } \\\text {Yes \quad \quad No} &\text { Yes\quad \quad No} &\text { Yes \quad\quad No}\end{array}Credit SalesYes No Cash Sales YesNoSales Returns Yes No
(b) A single-column purchases journal will be used for:
Cash Purchases Purchases on Account PurchaseDiscounts YesNo Yes No YesNo\begin{array}{lcccc}\text { Cash \quad Purchases } & \text { Purchases \quad on Account } & \text { Purchase\quad Discounts } \\\text { Yes\quad \quad No } & \text { Yes \quad \quad No } & \text { Yes\quad \quad No}\end{array} Cash Purchases YesNo Purchases on Account Yes No PurchaseDiscounts YesNo
(c) A multi-column purchases journal will be used for:
Supplies PurchasedEquipment PurchasedCash Purchases on Account on Account YesNo Yes NoYesNo\begin{array}{llll} &\text {Supplies Purchased}&\text {Equipment Purchased}\\\text {Cash Purchases} &\text { on Account } &\text { on Account } \\\text {Yes\quad \quad No} &\text { Yes \quad \quad No} & \text {Yes\quad \quad No}\end{array}Cash PurchasesYesNoSupplies Purchased on Account Yes NoEquipment Purchased on Account YesNo
(d) A cash payments journal will be used for:
Payments toPurchases Owner Cash Creditors DiscountsInvestmentYesNo YesNo YesNo\begin{array}{lll} \text {Payments to} & \text {Purchases }&\text { Owner Cash } \\\text {Creditors} &\text { Discounts} & \text {Investment} \\\text {Yes\quad \quad No} &\text { Yes\quad \quad No }&\text { Yes\quad \quad No}\end{array}Payments toCreditorsYesNoPurchases Discounts YesNo Owner Cash Investment YesNo
(e) A cash receipts journal will be used for:
Owner Cash WithdrawalsPurchases Discounts Cash Sales YesNoYesNo YesNo\begin{array}{lcccc} \text { Owner Cash }\\ \text {Withdrawals} & \text {Purchases Discounts } & \text {Cash Sales } \\\text {Yes\quad \quad No} & \text {Yes\quad \quad No} &\text { Yes\quad \quad No}\end{array} Owner Cash WithdrawalsYesNoPurchases Discounts YesNoCash Sales YesNo
On Jul 20, 2024
(a) Yes, No, No
(d) Yes, Yes, No
(b) No, Yes, No
(e) No, No, Yes
(c) No, Yes, Yes
(d) Yes, Yes, No
(b) No, Yes, No
(e) No, No, Yes
(c) No, Yes, Yes
MP
Answered
The materials price variance for February is:
A) $3,136 F
B) $3,260 F
C) $3,136 U
D) $3,260 U
A) $3,136 F
B) $3,260 F
C) $3,136 U
D) $3,260 U
On Jul 17, 2024
B
MP
Answered
If Sofia wants to engage in ADR without the cost of paying a neutral third party, which type of ADR should Gordon suggest?
A) Med-arb
B) Negotiation
C) Minitrial
D) Early neutral evaluation
E) Private trial
A) Med-arb
B) Negotiation
C) Minitrial
D) Early neutral evaluation
E) Private trial
On Jun 20, 2024
B
MP
Answered
The lower the price, the lower the consumer surplus, all else equal.
On Jun 17, 2024
False
MP
Answered
Segment profitability asks marketers to consider segment size, segment adoption percentage, purchase behavior, profit margin percentage, and fixed costs. Select three of these five elements and explain where marketers will find solid quantifiable information to make the calculations.
On May 21, 2024
Students' answers will depend on the choice they make. They should be able to identify internal and external sources. Their answers should also explore the nature of the data and how reliable it might be. New products will challenge the students.
MP
Answered
Which of the following statements regarding earnings per share is false?
A) It is reported on the income statement.
B) It increases when net income increases.
C) It is calculated using the average number of common shares outstanding during the period.
D) It would not be affected by additional shares of common stock issued during the year.
A) It is reported on the income statement.
B) It increases when net income increases.
C) It is calculated using the average number of common shares outstanding during the period.
D) It would not be affected by additional shares of common stock issued during the year.
On May 18, 2024
D