Answer:
Debit : Dividend $8,000
Credit : Shareholders for dividends $8,000
Explanation:
We recognize equity item - dividend and a liability - shareholders for dividend on declaration date.
Dividend = 80000 shares x $10 x 10% = $8,000
Answer:
Diminishing Marginal Returns occur when increasing one unit of production, whilst holding other factors constant – results in lower levels of output. In other words, production starts to become less efficient. For example, a worker may produce 100 units per hour for 40 hours.
Explanation:
Answer:
A. True
Explanation:
Option A is correct because PIRs (planned independent requirements) are calculated based on actual and forecasted sales.
In PIR, the independent requirement for final goods is calculated by the sales and the activities /operation for material planning process.
