Data for the cost of direct materials for the month ended march 31, 2016, are as follows: materials inventory, march 1, 2016 $76,000 materials inventory, march 31, 2016 70,000 during march, the company purchased $260,000 of raw materials on account from reed company and $92,000 of raw materials for cash from frye company. in addition, $50,000 was paid on the reed account balance. compute the cost of direct materials used during march. cost of direct materials during march

If a company’s employees are angry about their work, a visiting auditor may also become agitated, illustrating the power of

The gomez company, a merchandising firm, has budgeted its activity for december according to the following information: • sales at $500,000, all for cash. • merchandise inventory on november 30 was $250,000. • the cash balance at december 1 was $20,000. • selling and administrative expenses are budgeted at $50,000 for december and are paid for in cash. • budgeted depreciation for december is $30,000. • the planned merchandise inventory on december 31 is $260,000. • the cost of goods sold represents 75% of the selling price. • all purchases are paid for in cash. the budgeted cash disbursements for december are:

Which of the following is an example of a positive externality? a. promoting generic drugs would benefit people. b. a lower inflation rate would benefit most consumers. c. compulsory flu shots for all students prevents the spread of illness in the general public. d. singapore has adopted a comprehensive savings plan for all workers known as the central provident fund.