Acompany records its inventory purchases at standard cost but also records purchase price variances. the company purchased 5,000 widgets at $8.00 each, and the standard cost for the widgets is $7.60. which of the following would be included in the journal entry? a. debit accounts payable, $38,000 b. credit direct materials price variance, $2,000 c. debit direct materials price variance, $2,000 d. debit accounts payable, $2,000

The master manufacturing company has just announced a tender offer for its own common stock. master is offering to buy up to 100% of the company's stock at $20 per share contingent on at least 64% of the outstanding shares being tendered. after the announcement of the offer, the stock closed on the nyse up 2.50 at $18.75. a customer has 100 shares of master stock in his cash account. the customer tells you that he wishes to "cash out" his position. you should recommend that the customer: