Which of the following transactions would be recorded if using the accrual basis of accounting but not if using the cash basis of accounting?

a. Borrowing moneyb. Paying off loansc. Purchasing inventory on accountd. Collecting customer payments

An employee earns $32 per hour and 1.5 times that rate for all hours in excess of 40 hours per week. Assume that the employee worked 55 hours during the week. Assume further that the social security tax rate was 6.0%, the Medicare tax rate was 1.

Which of the following statements does not describe a motivation by the buyer or seller in the acquisition or sale of a company?

A functional finance economist would say do nothing if: A. the budget was balanced, economic growth was 1%, and inflation was 3%. B. the federal surplus was $1 trillion, economic growth was 1%, and inflation was 3%. C.

Total physical units to be accounted for are equal to a) the units completed and transferred out. b) started (or transferred) into production less the units in beginning work in process. c) started (or transferred) into production.

Claude purchased raw land three years ago for $1,500,000 to develop into lots and sell to individuals planning to buildtheir dream homes. Claude intended to treat this property as inventory, like his other development properties.

Write about your last week (over 50 words)

The sales manager is convinced that a 11% reduction in the selling price, combined with a $65,000 increase in advertising, would increase this year's unit sales by 25%.

Find the price per unit for each item, then choose the best buy. a. tomato juice, 46 oz. can for $2.53 would = b. tomato juice, 6-pack of 10 oz. cans for $4.50 would = the best buy would be

Marley Office Goods budgeted 12,000 and produced 11,000 tape dispensers during June. The resin used to make the dispensers is purchased by the pound. Standards and actual costs follow for June: Standard Actual Materials 2 pounds @ $5.

Tara is shopping at a department store in the mall. before checking out she wants to make sure she brought enough money to pay for the entire purchase.