Answer: C) Otto
Explanation: Unlike the general perception evidenced in the research, having inflation is not a negative event. In fact, enjoying constant and controlled price increases is a sign that the demand for households is good, which translates at the same time into a greater need for production which ultimately results in economic growth.
Answer:
Continuous manufacturing organisation
Explanation:
Continuous production uses a production plant to manufacture a product continuously. It is also called continuous flow.
This is so called because the materials inputted in the production process is in continuous motion as it moves through the production line.
The products tend to be similar or standardised with no distinguishing features. For example cement, fertiliser, and sugar
Answer:
1. Option (A) is correct.
2. Option (C) is correct.
Explanation:
1. Micron's entry to record the dividend transaction is as follows:
Cash A/c Dr. $16,450
To Long - Term Investments $16,450
(In this case, since the holding interest is more than 20%, Equity method is used)
workings:
Dividend = $47,000 × 35%
= $16,450
2. The entry to record the receipt of dividend would be:
Cash A/c Dr. $12,000
To Dividend Revenue A/c $12,000
(To record the receipt of dividend)
Workings:
Dividend = 3,000 shares × $4 per share
= $12,000
Answer:
Interest expense 18,284.17 debit
Premium on BP 1,965.83 debit
Cash 20,250 credit
Explanation:
procceds 461,795
face value 450,000
premium on bonds payable 11,795
As the cash received exceed the face value then, the bonds were isued at premium.
This will be amortized over the bonds life
3-year bonds with semiannual payment: 6 payment in total
amortization per payment:
11,795 / 6 = 1.965,83
The will post:
the cash disbursement in favor of the bondholder:
450,000 x 9%/2 = 20,250
amortization (1,965.83)
interest expense: 18.284,17
Question:
Which of the following management responsibilities is the managerial accountant using in this example?
Answer:
Planning, which includes setting goals and objectives for the organization as well as determining how to accomplish those goals.
