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The Following Account Balances Has Been Extracted from Jimbob Co

question 25

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The following account balances has been extracted from Jimbob Co.'s general ledger:  Direct materials used in production $200,000 Depreciation factory building $10,000 Depreciation factory equipment $50,000 Depreciation sales department automobiles $10,000 Direct wages factory employees $200,000 Sales department salaries and commissions $150,000 Factory manager’s salary $50,000 Utility costs factory $50,000 Utility costs sales office $20,000\begin{array} { | l | r | } \hline \text { Direct materials used in production } & \$ 200,000 \\\hline \text { Depreciation factory building } & \$ 10,000 \\\hline \text { Depreciation factory equipment } & \$ 50,000 \\\hline \text { Depreciation sales department automobiles } & \$ 10,000 \\\hline \text { Direct wages factory employees } & \$ 200,000 \\\hline \text { Sales department salaries and commissions } & \$ 150,000 \\\hline \text { Factory manager's salary } & \$ 50,000 \\\hline \text { Utility costs factory } & \$ 50,000 \\\hline \text { Utility costs sales office } & \$ 20,000 \\\hline\end{array} What was the total of manufacturing costs?


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Political Speech

Speech that is used to support political candidates or referenda. Compared to other types of speech, it is given a high level of protection by the First Amendment.

First Amendment

The First Amendment is a part of the U.S. Constitution that protects freedoms of speech, religion, press, assembly, and the right to petition the government.

Corporations

Legal entities separate from their owners, providing limited liability, ease of transferability of shares, and perpetual existence.

Checks and Balances

A system in democratic governments designed to prevent any one branch from gaining excessive power by providing each branch with the authority to check the actions of the others.

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