Direct materials for 8,000 units were added at the beginning of the second process during October. During the month, 8,300 units were completed and transferred to the third process. On October 1, there were 600 units in beginning inventory, and on October 31, there were 300 units still remaining in the process. Compute the equivalent units for direct materials for the second process for October

On October 21, Martin, Inc. provided a service to a customer and received $1,400 cash. The journal entry to record this transaction would include:

A. A debit to Cash and a credit to Service Revenue B. A debit to Accounts Receivable and a credit to Service Revenue C. A debit to Service Revenue and a credit to Cash D. A debit to Cash and a credit to Accounts Receivable

Which of the following strategies may be used to alter a firm's capital structure toward a higher percentage of debt compared to equity?

A) stock repurchase B) stock split C) maintain a low dividend payout ratio D) stock dividend