A Job-Cost Record Uses Information from ________

question 86

Multiple Choice

A job-cost record uses information from ________.

• A) a materials-requisition record to record raw material purchases from suppliers
• B) a materials-requisition report to record the type and quantity of item received in an order from a supplier
• C) a labor-time card to record an employee's wage rate and hours spent on a particular job
• D) the bill of materials to ensure the goods are of the prescribed quality

---

Definitions:

Annuities

Financial products sold by financial institutions designed to accept and grow funds from an individual and then, upon annuitization, pay out a stream of payments to the individual at a later point in time, typically during retirement.

Cash Flows

The aggregate of cash inflows and outflows within a corporation, impacting its liquid assets.

Ordinary Annuity

A series of equal payments made at equal intervals over a period of time.

Compounding Periods

The frequency with which interest is added to the principal balance of an investment, affecting the total interest earned.