Answer the Following Questions Using the Information Below

question 64

Multiple Choice

Answer the following questions using the information below:
Complete Digital Products manufactures digital cameras. For October, there were no beginning inventories of direct materials and no beginning or ending work in process. Conversion costs is the only indirect manufacturing cost category currently used. Journal entries are recorded when materials are purchased and when units are sold.

-Which of the following entries would occur if the only trigger point is the production of finished units?

Recognize the significance and allocation of learning and development expenditures.

Implement steps for conducting needs and organizational analyses.

Differentiate between pre-training, training, and post-training interventions.

Understand the principles of effective training content and feedback.

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Definitions:

Residual Income

Operating income that remains after deducting all required costs of capital from net operating profits, often used in performance measurement.

ROI

ROI, or Return on Investment, measures the efficiency or profitability of an investment by dividing the net profit from the investment by the initial cost of the investment, typically expressed as a percentage.

Residual Income

The income that an entity generates after accounting for all operational and capital expenses, often used to assess the profitability of investment centers within a business.

Return on Investment

A measure of the profitability of an investment, calculated as the ratio of net profits to the initial cost of the investment.