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3 years ago

The "joe camel" campaign provides evidence of how targeted advertising impacts adolescents'

1 answer:

6 0

The "Joe Camel" campaign provides evidence of how targeted advertising impacts adolescents' decision making to smoke and which brand to smoke. The Joe Camel commercials were attractive to young kids and teens because they used a fictional character that they can relate to shows they have or still watch. When kids are attracted to something that reminds them of what they know, good or bad, they are commonly drawn to using that to make a decision.

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Phil Bord is a CEO for a large auto manufacturer and is interested in improving the product quality. Phil had overheard his frie

Setler [38]

Answer:

Six sigma quality is the result of a well-defined and structured process.

Explanation:

Six Sigma is a methodology to improve processes that helps to concentrate in avoiding the constant changes in them eliminating problems in products delivery and customer service, among others. A key point is that the client is really important and it is crucial that the processes fulfill the clients requirements.

5 0

3 years ago

Adcock Company issued $600,000, 9%, 20-year bonds on January 1, 2020, at 103. Interest is payable annually on January 1. Adcock

FromTheMoon [43]

Answer: Please find answers in explanation column.

Explanation:

a. Journal to record The issuance of the bond

Date Account Titles Debit Credit

Jan. 1 Cash $618,000

9% Bonds payable $600,000

Premium on Bonds payable $18,000

Calculation

Cash = 600,000 x 103% =$618,000

b. The accrual of interest and the premium amortization on December 31, 2020

Date Account Titles Debit Credit

Dec. 31 Interest expense $53,100

Premium on Bonds payable $900

Interest payable $54,000

Calculation

Interest = 600,000 x 9% = $54,000

Premium on bonds = 18,000 /20 = $900

Interest expense=$54,000- $900=$53,100

c.Journal to record The payment of interest on January 1, 2021. Date Account Titles Debit Credit

Jan. 1 Interest payable 54000

Cash 54000

d) Journal to record The redemption of the bonds at maturity, assuming interest for the last interest period has been paid and recorded.

Date Account Titles and Explanation Debit Credit

Jan. 1, 2 Bonds payable $600,000

Cash $600,000

5 0

3 years ago

Based on the key assumptions of financial reporting, which of the following should be excluded from financial reports? A : items

schepotkina [342]

Answer:

Customer satisfaction and complaint reports should be excluded from financial reports.

Explanation:

Customer satisfaction and complaints report is a marketing report, it determines how the products and services provided by a company meet or exceed customer expectations. Customer expectitions are not the same for each customer, and can't be measured and registered in a financial report.

Financial reports are those comply certain assumptions such as:

Accrual assumption.

Consistency assumption.

Economic entity assumption.

Reliability assumption.

Time period assumption.

Among others.

6 0

4 years ago

On May 20, the board of directors for Auction declared a cash dividend of 50 cents per share payable to stockholders of record o

AleksandrR [38]

Answer:

May 20

No Entry

June 14

Dr. Dividends $255,000

Cr. Dividend Payable $255,000

July 14

Dr. Dividend Payable $255,000

Cr. Cash $255,000

July 31

Dr. Retained Earnings $255,000

Cr. Dividend $255,000

Explanation:

Dividend = $0.5 x 510,000 = $255,000

May 20

Dividend is declared, No entry is required

June 14

Dividend to be recorded on this date. As dividend is not paid yet so it will be recorded as payable and on the other hand dividend account is debited to make a contra capital account of dividend.

July 14

Dividend is paid as cash is paid so, it will be credited and the liability is reduced so, it will be debited.

July 31

At the end of the period we have to adjust the Dividend Contra capital account in retained earning to make the dividend account zero.

8 0

4 years ago

Brief Exercise 24-01 Wildhorse Company uses both standards and budgets. For the year, estimated production of Product X is 565,0

laiz [17]

Answer and Explanation:

The computation is shown below:

a. The standard cost is

Fo material

= $1,243,000 ÷ 565,000 units

= $2.20 per unit

And, for labor it is

= $1,638,500 ÷ 565,000 units

= $2.90 per unit

b. The budgeted cost would be remian the same as the total cost i.e. $1,243,000 and $1,638,500

Hence, the same would be considered and relevant

6 0

3 years ago