Answer:
(C) dispersing manager focus
Explanation:
Manager focus should be always be.
he analysis and decision about wether to divest or not a division or product line requires the manager focus and the decision taken is done considering all the benefits and downside. Managers understand the cost of a divest and the potential in liberation of company's resouces into other areas or project.
If the manager disper then, they decision won't lead to the better outcome.
Answer: $12.6 million
Explanation:
From the question, we are given the information that Jordan Sports, Inc. has labor costs and overhead totaling $2.6 million during a given period and that the company purchased $10.5 million of materials during the period and used $10 million of this amount.
The amount of total manufacturing cost for the period would be the addition of the direct material used and the overhead. This will be:
= $10 million + $2.6 million
= $12.6 million
Answer:
Dr cash $1,000,000
Cr Bonds payable $1,000,000
Being issuance of bonds at face value
Explanation:
The cash realized from the bond issue is $ 1,000,000.00 (1000*$1000) since the bonds were issued at par value of $1000 each.
The correct accounting entries for the bonds issuance would a debit to cash account of $1,000,000 and a credit to bonds payable account for the same amount.
The rationale for this is that cash increased,hence the asset account is debited and liability,bonds payable also increased.
Answer:
See below
Explanation:
a. Total expected dollar sales
Sales - Variable cost - Fixed cost = Pre tax income
Sales -
b. Number of units expected to be sold next period
= Fixed cost / Contribution margin per unit
= $1,987,600 / $42
= 47,323 units
Answer:
Journal entry
Date Account Title and Explanation Debit Credit
Dec 1 Cash $11650
Unearned fees $11650
(To record unearned fees)
Dec 31 Unearned fees (11650/5) $2330
Fees earned $2330
(To record adjusting entry)
