A Computer Manufacturer Recently Shipped Several Laptops to a Customer

question 16

Multiple Choice

A computer manufacturer recently shipped several laptops to a customer (cost: $25,000) and billed the customer $30,000. Which of the following options correctly expresses the accounts that are debited and credited to record this transaction?

• A) Debits: Accounts Receivable, Finished-Goods Inventory; credits: Sales Revenue, Cost of Goods Sold.
• B) Debits: Accounts Receivable, Cost of Goods Sold; credits: Sales Revenue, Finished-Goods Inventory.
• C) Debits: Sales Revenue, Cost of Goods Sold; credits: Accounts Receivable, Finished-Goods Inventory.
• D) Debits: Sales Revenue, Finished-Goods Inventory; credits: Accounts Receivable, Cost of Goods Sold.
• E) Debits: Accounts Receivable; credits: Finished-Goods Inventory, Profit on Sale.

Identify the types and effects of reinforcers in learning processes.

Comprehend the methodology and applications of shaping in behavior modification.

Recognize the role of discriminative stimuli in operant conditioning.

Explain the significance of reinforcement schedules in determining the rate and resistance of behavior to extinction.

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Definitions:

Job T898

A specific reference or identifier for a job or order within a job-order costing system, used for tracking costs and production progress.

Predetermined Overhead Rate

A rate calculated before a production period that estimates the amount of manufacturing overhead cost per unit of allocation base, used to apply overhead costs to goods produced.

Casting Department

A specific section within a manufacturing facility where the process of casting—shaping material by pouring it into a mold and allowing it to solidify—is performed.

Machine-Hour

A unit of measure for the operational time of machinery, critical for calculating production costs and efficiency in a manufacturing context. This is essential in allocating costs based on the usage duration of machinery.