Extreme Enterprises,which Manufactures Mountain Climbing Tools,engaged in the Following Activities
Extreme Enterprises,which manufactures mountain climbing tools,engaged in the following activities.Identify the subprocess in operating process the following activities are associated with.Use (MS)for marketing/sales/collection/customer service,(P)for purchase/human resources/payment,and (C)for conversion.
______ (a.) Purchased raw materials for production.
______ (b.) Factory employees worked in production.
______ (c.) Sold $10,000 of its product to EMS on account, terms 2/10, n/30.
______ (d.) Clips were installed on belts in the production process.
______ (e.) Paid $5,000 for an advertisement in a trade journal.
______ (f.) Requisitioned raw materials for production.
______ (g.) Received $9,800 payment from EMS (see above).
______ (h.) Belts were finished and sent to the warehouse.
______ (i.) Paid the cost to repair a machine used in production.
______ (j.) Paid the president's salary.
Correct Answer:
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(b.) C
(c.) M...
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