Evaluating and rewarding managers based on absorption basis income can lead to overproduction. true or false

Pincher Company purchased 50 Issac Company 12%, 10-year, $1,000 bonds on January 1, 2020, for $50,000. The bonds pay interest se

Murljashka [212]

Answer: Check attachment

Explanation:

The journal entries to record the transactions described above has been attached.

On 1st, January 2020, debt investment was debited by $50000 and cash was credited by $50000.

On 31st December 2020, interest receivable was debited by $6000 and interest received was credited by $6000.

On 1st January, 2021, Cash was debited by 6000 and interest received was credited by 6000.

Check attachment for further details.

4 0

2 years ago

Morrison Foods has decided to introduce a new line of turkey products to the American consumer. Turkey steaks resemble beefsteak

lesya [120]

Answer:

Cultural congruence

Explanation:

Cultural congruence refers to the process that leads towards an efficient interaction between the producers and the consumers. This process is modeled upon the phenomena of evolving and growing cultural significance. The amalgamation and interaction between the provider and the consumers lead to the quality of the service provided.

The given excerpt brings towards the use of the strategy of cultural congruence. The company Morrison Foods took the step of introducing Turkey products to American consumers. Improving the quality of the product and the mode of communication and care may help the company establish a good relation and customers in America.

6 0

2 years ago

This firm is a natural monopoly. True False If the firm produces 68 units and charges $28 per unit, it will in the long run. Whi

Maurinko [17]

Answer:

True. This is because the curve of ATC shifted downward to show an increase in output. As the ATC curve moves downward, the quantity of goods increase while the price decreases. The quantity of goods produced is equivalent to 68 units which is consistent with the regulation of price. Price regulation is used to manage the effects of monopoly on the market system.

Explanation:

True. This is because the curve of ATC shifted downward to show an increase in output. As the ATC curve moves downward, the quantity of goods increase while the price decreases. The quantity of goods produced is equivalent to 68 units which is consistent with the regulation of price. Price regulation is used to manage the effects of monopoly on the market system.

3 0

2 years ago

If the primary key of the workshop offerings table contains the primary key for both the workshop table and account table, there

makkiz [27]

If the primary key of the workshop offerings table contains the primary key for both the workshop table and account table, there is a many-to-many relationship between accounts and workshops.
A one-to-many relationship includes the primary key of the “one” table as a foreign key in the “many” table.

4 0

3 years ago

Consider the following two separate events for a company during the year: 1. Loss on sale of investments = $30. 2. Unrealized ga

Serggg [28]

Answer:

A.) Net income = $(30); Comprehensive income = $(10).

Explanation:

First, the multiple choices to the question

A.) Net income = $(30); Comprehensive income = $(10).

B.) Net income = $(30); Comprehensive income = $20.

C.) Net income = $0; Comprehensive income = $(10).

D.) Net income = $(10); Comprehensive income = $20.

The question is to determine the effect of the two events listed on the Net Income as well as the comprehensive income

First, we look at event one:

The loss of sales of investment = #30

The effect of this is to debit the income statement because it is a net loss of $30. It brings a reduction to the income side. Income will usually have a credit balance, but a net loss reduces income therefore, it will be debited.

Second, the Unrealized gain on investment from increase in fair value = $20

The effect is $10 which represents $30 from the loss - $20 from the unrealised gain. It will however, also decrease the comprehensive income by the $10.

7 0

2 years ago