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Answers (6)
TO
Answered
Entries for the bibliography for a report following the Chicago style
A) alphabetize magazine articles by the name of the magazine, if no author is cited.
B) use quotation marks around the titles of articles from newspapers and journals.
C) capitalize only the first words of titles of books and articles.
D) use only the name of the principal author, followed by "et al." to represent any other authors.
A) alphabetize magazine articles by the name of the magazine, if no author is cited.
B) use quotation marks around the titles of articles from newspapers and journals.
C) capitalize only the first words of titles of books and articles.
D) use only the name of the principal author, followed by "et al." to represent any other authors.
On Jul 22, 2024
B
TO
Answered
Jasper's entry to record the transaction should be:
A) Debit Notes Receivable for $25,000; credit Cash $25,000.
B) Debit Accounts Receivable $25,000; credit Notes Receivable $25,000.
C) Debit Cash $25,000; credit Notes Receivable for $25,000.
D) Debit Notes Payable $25,000; credit Accounts Payable $25,000.
E) Debit Notes Receivable $25,000; credit Sales $25,000.
A) Debit Notes Receivable for $25,000; credit Cash $25,000.
B) Debit Accounts Receivable $25,000; credit Notes Receivable $25,000.
C) Debit Cash $25,000; credit Notes Receivable for $25,000.
D) Debit Notes Payable $25,000; credit Accounts Payable $25,000.
E) Debit Notes Receivable $25,000; credit Sales $25,000.
On Jul 19, 2024
A
TO
Answered
Find the sales of the Sharkton Company using the following information:
Current ratio 2.0
Quick ratio 1.6
Current liabilities $200,000
Inventory turnover based on COGS 8.0
Gross margin % 10%
Current ratio 2.0
Quick ratio 1.6
Current liabilities $200,000
Inventory turnover based on COGS 8.0
Gross margin % 10%
On Jun 22, 2024
Current assets = 2.0(200,000) = $400,000
Current assets minus inventory = 1.6(200,000) = $320,000
Inventory = 400,000 - 320,000 = $80,000
Inventory Turnover = COGS / Inventory = 8.0
COGS / $80,000 = 8.0 => COGS = $640,000
GM % = (Sales - COGS) / Sales = (Sales - $640,000) / Sales = 0.1
0.9 × Sales = $640,000
Sales = $711,111
Current assets minus inventory = 1.6(200,000) = $320,000
Inventory = 400,000 - 320,000 = $80,000
Inventory Turnover = COGS / Inventory = 8.0
COGS / $80,000 = 8.0 => COGS = $640,000
GM % = (Sales - COGS) / Sales = (Sales - $640,000) / Sales = 0.1
0.9 × Sales = $640,000
Sales = $711,111
TO
Answered
__________ refers to an organisation's obligation to act in ways that serve its own interests as well as those of its many external stakeholders.
A) Corporate social responsibility
B) A formal policy statement
C) A code of ethics
D) A moral code
E) Public accountability
A) Corporate social responsibility
B) A formal policy statement
C) A code of ethics
D) A moral code
E) Public accountability
On Jun 19, 2024
A
TO
Answered
Fox Company has the following data concerning the machine-hours in its operating departments: 
Fixed costs of the maintenance department are budgeted at $30,000 per year. The fixed maintenance costs are incurred in order to service long-run average demand. The actual fixed maintenance cost was actually $32,000. How much fixed maintenance cost should be charged to Department B at the end of the year for performance evaluation purposes?
A) $12,000
B) $14,400
C) $15,000
D) $18,000
Fixed costs of the maintenance department are budgeted at $30,000 per year. The fixed maintenance costs are incurred in order to service long-run average demand. The actual fixed maintenance cost was actually $32,000. How much fixed maintenance cost should be charged to Department B at the end of the year for performance evaluation purposes?A) $12,000
B) $14,400
C) $15,000
D) $18,000
On May 23, 2024
C
TO
Answered
Scatter diagrams plot volume (units)on the vertical axis and cost on the horizontal axis.
On May 20, 2024
False