The following information is available for lock-down company, which produces special-order security products and uses a job order cost accounting system.

april 30 may 31
inventories
raw materials $ 43,000 $ 51,000
goods in process 11,800 18,500
finished goods 62,000 36,000
activities and information for may
raw materials purchases (paid with cash) 195,000
factory payroll (paid with cash) 410,000
factory overhead
indirect materials 11,000
indirect labor 75,000
other overhead costs 99,000
sales (received in cash) 1,230,000
predetermined overhead rate based on direct labor cost 65 %

prepare journal entries for the above events for the month of may.
1. raw materials purchases for cash.
2. direct materials usage.
3. indirect materials usage.

Daniel owns 100 shares of abc corporation's common stock. abc uses the fair value option, and recent declines in the firm's credit rating have caused the value of the firm's outstanding bonds payable to drop by 10%. daniel feels this is good news, but he wants to know what you think about the situation. which of the following represents your best response? a : "this situation may be positive for you in that the change in abc's credit standing indicates that the value of the firm's assets is likely increasing. however, the drop in bond value may negate any positive effects on your bottom line, because it means your claim on the firm's assets is simultaneously decreasing." b : "actually, this is bad news all around. the drop in the value of abc's bonds payable means shareholders' claims on the firm's assets have decreased. moreover, abc's declining credit rating means that the firm's assets are probably also dropping in value, thus magnifying your losses even more." c : "on the surface, this seems like good news because it means your claim on the firm's assets has increased. however, the drop in creditworthiness may also indicate that abc's assets are declining in value, thus offsetting any gains associated with the drop in bonds payable." d : "you're right! this is good news because it means that abc's debtholders have a decreased claim on the firm's assets. as a result, the firm's existing shareholders"like you"have seen their claim on the firm's assets increase."

Which analyst position analyzes information using mathematical models to business managers make decisions? -budget analyst -management analyst -credit analyst -operations research analyst

Experienced problem solvers always consider both the value and units of their answer to a problem. why?