On February 1st, your accrual based company incurs $500.00 for services. On February 25th, your company pays $300.00 towards the services and then, on March 5th, pays the $200.00 balance. How is the $200.00 payment made in March recorded?

A young man is badly injured when his cell phone battery catches fire. What type of insurance should the manufacturer of the cell phone have to cover such an event?

Messersmith company is constructing a building. construction began in 2014 and the building was completed 12/31/14. messersmith made payments to the construction company of $2,000,000 on 7/1, $4,200,000 on 9/1, and $4,000,000 on 12/31.

You are an automotive engineer working on an application that will automatically parallel park a car. the intelligent technique you may find most useful is:

If a singer-songwriter has a major recording contract, a copublishing deal with the label-affiliated publishing company might likely have which characteristic? a. Artist gives up 50% of the writerâ s income share to the publisher. b.

If the costs for direct materials, direct labor, and factory overhead were $522,200, $82,700, and $45,300, respectively, for 16,000 equivalent units of production, the conversion cost per equivalent unit was $8.00. True or False

Companies using LIFO are required to disclose the amount at which inventory would have been reported had it used FIFO. Similarly, companies using FIFO are required to disclose what their inventory would have been if the company had used LIFO.

Frito-lay, which is widely known for producing chips and other snack products, tried to introduce frito-lay lemonade. the reason this new product failed is likely because of

Suppose ABC Dairy is one firm competing in the perfectly competitive market for milk. Now suppose ABC Dairy decides to produce only organic milk. Which of the following best describes the effects of this change in the market? a.

Futures contracts on gold are based on 100 troy ounces and priced in dollars per troy ounce. Assume the January gold contract settled today at 1285.10 and opened at 1284.60. The April contract settled at 1285.30 and opened at 1285.

A firm incurs $35,000,000 of actual OH costs. It has a PDOH rate of $450 per machine hour and 100,000 machine hours were actually consumed during the period. The firm has 0 units in beginning WIP, it started 250 units and completed 230 units.