The Town of Red Herring issued $60,000 of purchase orders. Assume that when all orders were received, the actual cost was $59,000. How much would be recorded as expenditures when the goods are received? $60,000. $59,000. $1,000. $0.

Two neighbors, countries a and b, produce books and blankets, among other goods and services. however, country a produces more of both goods than country b.

CDE Company provides the following standard cost data per unit of product: Variable overhead: $8.00 CDE anticipated that they would produce and sell 24,000 units.

Sammie is planning a persuasive request. What advice should she follow for the opening of her request? a. Identify herself and her company. b. Provide her telephone number. c. Capture the reader's attention and interest. d.

A commodity money is a. a good used as money that has secondary use. b. a good that is designated as money by law. c. a good used as money that also has value independent of its use as money. d. a good used as money that has no intrinsic value.

The credit purchase of a new oven for $5,100 was posted to Kitchen Equipment as a $5,100 debit and to Accounts Payable as a $5,100 debit. What effect would this error have on the trial balance

Swiss Group reports net income of $36,000 for 2018. At the beginning of 2018, Swiss Group had $149,000 in assets. By the end of 2018, assets had grown to $199,000. What is Swiss Group's 2018 return on assets

Assume that the banking system has total reserves of $100 billion. Assume also that required reserves are 10 percent of checking deposits, and that banks hold no excess reserves and households hold no currency. a.

Repbulic LLC exchanged land used in its business for some new land to be used in the business. Republic LLC originally purchased the land it exchanged for $37,500. The new land had a fair market value of $39,750.

Jacob chose to spend the afternoon swimming rather than going to the movies any value given up from not going to the movies is the

In a survey of consumers aged 12 and older, respondents were asked how many cell phones were in use by the household. (no two respondents were from the same household.