Patrick Manufacturing Systems uses job order costing and a perpetual inventory system. When recording the sale of a job, which account(s) is(are) credited?

What will be an ideal response

Sales Revenue and Finished Goods Inventory accounts are credited.

Business

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If a union loses a deauthorization election, the union still represents the employees in the bargaining unit and the rest of the collective bargaining agreement remains intact, but employees are not required to join the union

Indicate whether the statement is true or false

Business

Which of the following causes a firm's cost of capital (WACC) to differ from an investor's required

rate of return on the company's common stock? A) the fact that the risk-free rate of interest has increased B) The market risk premium exceeds 12%. C) the incurrence of flotation costs when new securities are issued D) None of the above N the WACC and required return are the same.

Business