When the Owner of a Business Withdraws Money from the Business

question 25

Multiple Choice

When the owner of a business withdraws money from the business for her own use:

• A)the cash account is debited.
• B)the cash account is credited.
• C)the drawings account is credited.
• D)the equity account is credited.

Recognize the impact and opportunities of mobile marketing and commerce.

Identify ineffective techniques in crafting sales messages.

Understand the importance of aligning product benefits with audience needs and emotional concerns.

Emphasize consumer benefits relevant to the target market in marketing messages.

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Definitions:

Predetermined Overhead Rate

A rate used to allocate overhead costs to products or services, calculated before the period begins based on estimated costs and activity levels.

Machine-Hours

A unit of measure representing the operational time of a machine, used in calculating manufacturing costs and efficiency.

Overhead Applied

The estimated overhead cost assigned to each unit of product manufactured based on a predetermined rate.

Assembly Department

A section within a manufacturing facility where components are assembled into finished products.