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You have been assigned to analyze the costs of NC Microelectronics, a microchip manufacturer. Indicate whether the following costs are more likely fixed (F), variable (V), or mixed (M), with respect to the number of chips sold.
1. President's salary
2. Sales commissions
3. Direct materials
4. Salary of vice president of manufacturing
5. Factory electricity
6. Rent for headquarters building
7. Fire insurance on manufacturing facility
8. Direct labor
9. Property taxes on the factory
10. Maintenance on headquarters building
How do you do journal entries for an item bought on credit and then later returned and the total selling price was 4,275.
Q. Adjustments for accrued items? Accrued items need two types of adjusting entries asset/revenue adjustments and liability/expense adjustments. The first group asset/revenue a
I need help with the journal entries for chapters 8 & 9 of this project.
accounts show the amount of money owed to the firm by customers. A. Supply B. Prepaid C. Receivables D. Payables
how is withdrawaL OF goods by owner for personal use treated in the books
A firm's __________ account is categorized as a current asset. A. equipment B. accounts payable C. bonds payable D. merchandise inventory
State the term- Liabilities Current Liability is a debt which is due for payment within one year. Long-term liability is one NOT paid in a year. OWNER'S EQUITY Also
HOME Finance Company Limited made an after-tax profit of $3.172 million for the year ended June 30, 2008. Chairman James Datta said this was a milestone for the company, with a
Write short notes on 5 modern accounting techniques
The t/p bill for this month was 200,the company will pay it next month what is the journal entry for this?
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