Williamson Corporation was organized to operate a tax preparation business. The charter authorized the following stock: common stock, $6 par value, 84,000 shares authorized. During the first year, the following selected transactions were completed: a. Sold 63,000 shares of common stock for cash at $51 per share. b. Repurchased 2,000 shares from a stockholder for cash at $53 per share.

Which of the following entries would be made to record the requisition of $12,000 of direct materials and $6,900 of indirect materials? (assume that indirect materials are included in raw materials inventory.) a. manufacturing overhead 18,900 raw materials inventory 18,900 b. wip inventory 12,000 manufacturing overhead 6,900 raw materials inventory 18,900 c. raw materials inventory 18,900 wip inventory 18,900 d. wip inventory 18,900 raw materials inventory 18,900

Hubert manages a grocery store in a country experiencing a high rate of inflation. to keep up with inflation, he spends a lot of time every day updating the prices, printing new price tags, and sending out newspaper inserts advertising the new prices. his employees regularly deal with customer annoyance over the frequent price changes. this is an example of the of inflation.

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