Van Jones Is the Owner of a Sole Proprietorship

question 71

Multiple Choice

Van Jones is the owner of a sole proprietorship.Van took $5,000 from the business for personal use.Which of the following accounts is debited?

• A) Cash
• B) Jones, Withdrawals
• C) Jones, Dividends
• D) Jones, Capital

Calculate circuit power factor based on given parameters.

Understand the relationship between voltage and current in RLC circuits.

Calculate the impedance (Z) in RLC series circuits.

Calculate voltage drop across individual components in RLC circuits.

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Definitions:

Activity-Based Costing

A costing method that assigns overhead and indirect costs to related products and services based on the activities they require.

Fixed Overheads

Expenses that remain constant regardless of production or sales volumes within a specific time frame, like lease payments or wages.

Cost Behaviour

The manner in which a cost changes in relation to changes in business activity levels.

Manufacturing Overhead

All indirect costs associated with the production process, such as the cost of utilities, maintenance, and factory equipment depreciation.