Answer:
a. True
Explanation:
The entrepreneurs who are potential wants them to surround themselves with the people who are more smarter with them so that they would feel more challenging due to which they make the plans accordingly also it keeps the eye to the people what they are doing so accordingly they would make the strategies in order to capture the market share
therefore the given statement is true
Answer:
Dr Retained earnings $6,200
Cr Dividends payable $6,200
Explanation:
The shares entitled to dividends payment are those outstanding as at when dividends were declared,that is those shares in issue as at the date of dividend declaration,in essence only the outstanding shares of 12,400 are entitled to dividend payment of $0.50 per share.
The amount of dividend payment=$0.50*12,400=$6,200
The total dividends declared of $6,200 would be debited to retained earnings and credited to dividends payable until the payment date when the cash would be settled.
Answer:
The minimum transfer price is $92
Explanation:
Minimum transfer price = Variable cost + Opportunity cost
= $42 + $(92-42)
= $42 + $50
= $92
Answer:
Journal Entries
Dr. Investment in Lopez Railways Inc. $600,000
Cr. Cash $600,000
Dr. Investment in Lopez Railways Inc $59,600
Cr. Income of Investment in Lopez Railways Inc $59,600
Dr. Cash $10,800
Cr. Investment in Lopez Railways Inc $10,800
Explanation:
As Windsor Locomotive Corporation has purchased 40% interest in Lopez Railway Inc.Lopez Inc. is classified as the associate company of Windsor Corp.
Share in net Income = $149,000 x 40% = $59,600
Share In Dividend = $27,000 x 40% = $10,800
The decision making method that Wilma uses is the bounded rationality. It is a type of decision making with only a short time they acquire in deciding up decisions in which Wilma has been doing in the scenario above. This type of decision making also allows a person to decide with only the few decisions that couldn't suffice them. This decision making is being portrayed in the given scenario above.
