When manufacturing overhead costs are assigned to production in a process cost system, they are debited to

a. the Finished Goods Inventory account.
b. Cost of Goods Sold.
c. a Manufacturing Overhead account.
d. a Work in Process account.

Answer: d. a Work in Process account.

Business

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Sparkle Janitorial printed coupons that guaranteed $25 off services for first-time customers; the coupons were distributed on paper placemats at a local restaurant

Which of the following is most likely the marketing communication objective of this promotional activity? A) to build interest B) to remind about the brand C) to inform about benefits D) to reinforce the buying decision E) to stimulate action

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A large corporation has annual sales revenues of $6 billion. The corporation currently earns 2.25%

on its money-market account. If the corporation can reduce its float by three days by making its billing and collection functions more efficient, the company's operating profits will increase by approximately A) $2,196,500. B) $3,069,863. C) $1,350,000. D) $1,109,589.

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