Answer:
B. $0.02
Explanation:
The computation is shown below:
Since the annual holding cost percentage is 10% and the cost of production is $5. So, the holding cost would be
= $5 × 10%
= 0.5
Now if the t-shirts run 25 times a year, so the holding cost would be
= 0.5 ÷ 25 times
= $0.02
Simply we compute the holding cost based on number of times the t-shirt turns in a year
All other information which is given is not relevant. Hence, ignored it
Answer:
1. Option (A) is correct.
2. Option (C) is correct.
Explanation:
1. Micron's entry to record the dividend transaction is as follows:
Cash A/c Dr. $16,450
To Long - Term Investments $16,450
(In this case, since the holding interest is more than 20%, Equity method is used)
workings:
Dividend = $47,000 × 35%
= $16,450
2. The entry to record the receipt of dividend would be:
Cash A/c Dr. $12,000
To Dividend Revenue A/c $12,000
(To record the receipt of dividend)
Workings:
Dividend = 3,000 shares × $4 per share
= $12,000
Answer:
B, Psycho galvanometer
Explanation:
A psycho galvanometer is one a device used to determine skin changes to elsctrical resistance in response to emotional stress. In advertising, the psycho galvanaometer is used to determine the acceptance or lack thereof of advertisements, products, etc. If there is a low resistance of the skin to electrical responses, then the advetisement is successful. If resistance is high, the advertisement is not successful and a new advertisement should be considered.
Answer:
addition to retained earnings is $34,304
Explanation:
Revenue = $513,000
- Costs <u>= $406,800</u>
Gross Profit = $106200
- Depreciation expense = $43,800
- Interest paid <u>= $11,200</u>
Profit before tax = $51,200
- Tax 33% = $16,896
Profit after tax = $34,304
*Profit after tax is actually addition to Retained earning the dividend payment is made from the Retained earning account after that.
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