A job order cost accounting system provides for a separate record of the cost of each particular quantity of product that passes through the factory.

a. True

b. False

Thomas & Cooke Inc. had a gross margin for the month of February totaling $46,200. They sold 5,500 units during the month at a sales price of $22 per unit. What was the amount of cost of goods sold for the month? a.$42,000 b.$74,800 c.$100,000 d.

Hilary buys a home for $100,000 and puts down 20 percent with an 8 percent mortgage. She sells it after 1 year when the house has declined in value by 4 percent.

Greta felt very uncomfortable while talking to the store manager because she moved so close to Greta until her face was just inches away. What aspect of the situation was bothering Greta? A. unspoken language B. verbal cues C. speech tone D.

Globalization has reduced the cultural diversity found in the industry.

Ralph Chase plans to sell a piece of property for $180000. He wants the money to be paid off in two waysminusa short-term note at 10 % interest and a long-term note at 7 % interest.

Most businesses periodically remove bad accounts from their books true or false

A consulting firm has a predetermined overhead rate of $120 per labor hour. The Smith job required 5 hours to compete. The overhead cost applied to this job is $

Loren and Kendra enter into a contract for the distribution of Loren's produce to local restaurants for which he agrees to pay Kendra. Kendra transfers her right to payment under the contract to County Bank. This transfer is a. an alienation b.

Clara, at age 47, decided to adopt a child on her own because she tired of waiting around for "mr. Right" to come along. She decided to move on with her life. Clara is an example of a (n) :

Sandusky Company borrowed $28,000 from the Lakeside Bank by issuing a 10% three-year installment note. Sandusky agreed to repay the principal and interest by making annual payments in the amount of $11,259.21.