On june 30, 2009, apricot co. paid $7,500 cash for management services to be performed over a two-year period. apricot follows a policy of recording all prepaid expenses to asset accounts at the time of cash payment. on june 30, 2009 apricot should record: select one:
a. a credit to an expense for $7,500.
b. a debit to an expense for $7,500
c. a debit to a prepaid expense for $7,500.
d. a credit to a prepaid expense for $7,500.
e. a debit to cash for $7,500.

Match the type of agreements to their descriptions. will trust living will prenuptial agreement

Walsh company manufactures and sells one product. the following information pertains to each of the company’s first two years of operations: variable costs per unit: manufacturing: direct materials $ 25 direct labor $ 12 variable manufacturing overhead $ 5 variable selling and administrative $ 4 fixed costs per year: fixed manufacturing overhead $ 400,000 fixed selling and administrative expenses $ 60,000 during its first year of operations, walsh produced 50,000 units and sold 40,000 units. during its second year of operations, it produced 40,000 units and sold 50,000 units. the selling price of the company’s product is $83 per unit. required: 1. assume the company uses variable costing: a. compute the unit product cost for year 1 and year 2. b. prepare an income statement for year 1 and year 2. 2. assume the company uses absorption costing: a. compute the unit product cost for year 1 and year 2. b. prepare an income statement for year 1 and year 2. 3. reconcile the difference between variable costing and absorption costing net operating income in year 1.

“strategy, plans, and budgets are unrelated to one another.” do you agree? explain. explain how the manager’s choice of the type of responsibility center (cost, revenue, profit, or investment) affects the behavior of other employees.