Answer:
$699,000
Explanation:
The journal entries should be:
January 2, 2021, 30% of Skysong's stock is purchased:
Dr Investment in Skysong Company 660,000
Cr Cash 660,000
X, 2021, dividends are distributed:
Dr Cash 42,000
Cr Investment in Skysong Company 42,000
Y, 2021, net earnings are reported:
Dr Investment in Skysong Company 81,000
Cr Investment revenue 81,000
December 31 balance of investment in Skysong Company account = $660,000 - $42,000 + $81,000 = $699,000
Answer:
6.7590
Explanation:
Present value annuity factor for annuity due = 1 + Present value annuity factor for ordinary annuity - PVF(10%, 10 years)
Present value annuity factor for annuity due = 1 + 6.1446 - 0.3856
Present value annuity factor for annuity due = 7.1446- 0.3856
Present value annuity factor for annuity due = 6.7590
Answer:
The given above statement is true .
Explanation:
Mass communication can be defined as a process through which information is exchanged with public through a platform like mass media. Production and reception are two components of mass communication,both of these components are dependent on each other .
Production involves creation of message which will include what a company's message is, assumptions about target audience and rules and regulations of the medium which is used.
Reception means accepting and understanding the message, but it doesn't necessarily means agreeing with the message.
Answer:
Overhead Rate based on:
Direct labor hours: $12.5 per labor hour
Direct labor expense: 50% of labor cost e.g. $0.5 for every dollar of labor cost
Machine hours: $7.5 per machine hour
Explanation:
Overhead rate is calculated by dividing the total estimated manufacturing overhead to the relevant activity base selected e.g. machine hours, labor hours, labor cost etc.
Overhead rates are calculated for different bases are as follows:
Direct labor hours: $750,000 / 60,000 = $12.5 per hour
Direct labor Expense: $750,000 / 1,500,00 = 50% ($0.5 for every dollar cost of direct labor)
Machine hours: $750,000 / 100,000 = $7.5 per machine hour.