DS
Deeep Singhh
Answers (7)
DS
Answered
Owning a corporate bond entitles the bondholder to a portion of the firm's profits.
On Jul 26, 2024
False
DS
Answered
Starcic Products, Incorporated, has a Connector Division that manufactures and sells a number of products, including a standard connector. Data concerning that connector appear below:
The company has a Transmission Division that needs 6,000 special heavy-duty connectors per year. The Connector Division's variable cost to manufacture and ship this special connector would be $62 per unit. Making these special connectors would require more manufacturing resources. Therefore, the Connector Division would have to reduce its production and sales of regular connectors to outside customers from 45,000 units per year to 38,400 units per year.
Required:
As far as the Connector Division is concerned, what is the lowest acceptable transfer price for the special connectors?
The company has a Transmission Division that needs 6,000 special heavy-duty connectors per year. The Connector Division's variable cost to manufacture and ship this special connector would be $62 per unit. Making these special connectors would require more manufacturing resources. Therefore, the Connector Division would have to reduce its production and sales of regular connectors to outside customers from 45,000 units per year to 38,400 units per year.Required:
As far as the Connector Division is concerned, what is the lowest acceptable transfer price for the special connectors?
On Jul 26, 2024
To produce the 6,000 special connectors, the Connector Division will have to give up sales of 6,600 of the regular connectors to outside customers.
From the perspective of the selling division, profits would increase as a result of the transfer if and only if:
Transfer price > Variable cost per unit + (Total contribution margin on lost sales ÷ Number of units transferred)
Transfer price > $62.00 per unit + ($191,400 ÷ 6,000 units) = $62.00 per unit + $31.90 per unit = $93.90 per unit
From the perspective of the selling division, profits would increase as a result of the transfer if and only if:
Transfer price > Variable cost per unit + (Total contribution margin on lost sales ÷ Number of units transferred)
Transfer price > $62.00 per unit + ($191,400 ÷ 6,000 units) = $62.00 per unit + $31.90 per unit = $93.90 per unit
DS
Answered
The entry to record reimbursement of the petty cash fund for postage expense should include:
A) A debit to Postage Expense.
B) A debit to Petty Cash.
C) A debit to Cash.
D) A debit to Cash Short and Over.
E) A debit to Supplies.
A) A debit to Postage Expense.
B) A debit to Petty Cash.
C) A debit to Cash.
D) A debit to Cash Short and Over.
E) A debit to Supplies.
On Jul 24, 2024
A
DS
Answered
List 5 (five)different types of accounts,the normal balance of the type of account (debit or credit),and how the account is increased (debit or credit).
On Jun 26, 2024
Five different types of accounts are listed below along with the normal balance of the account (debit or credit)and how the account is increased (debit or credit).
Account Type Debit/Credit Increased by Assets Debit Debit Liabilities Credit Credit Equity Credit Credit Revenues (Income) Credit Credit Expenses Debit Debit \begin{array}{lcc}\text { Account Type } & \text { Debit/Credit } & \text { Increased by } \\ \text { Assets } & \text { Debit } & \text { Debit } \\ \text { Liabilities } & \text { Credit } & \text { Credit } \\ \text { Equity } & \text { Credit } & \text { Credit } \\ \text { Revenues (Income) } & \text { Credit } & \text { Credit } \\ \text { Expenses } & \text { Debit } & \text { Debit }\end{array} Account Type Assets Liabilities Equity Revenues (Income) Expenses Debit/Credit Debit Credit Credit Credit Debit Increased by Debit Credit Credit Credit Debit
Account Type Debit/Credit Increased by Assets Debit Debit Liabilities Credit Credit Equity Credit Credit Revenues (Income) Credit Credit Expenses Debit Debit \begin{array}{lcc}\text { Account Type } & \text { Debit/Credit } & \text { Increased by } \\ \text { Assets } & \text { Debit } & \text { Debit } \\ \text { Liabilities } & \text { Credit } & \text { Credit } \\ \text { Equity } & \text { Credit } & \text { Credit } \\ \text { Revenues (Income) } & \text { Credit } & \text { Credit } \\ \text { Expenses } & \text { Debit } & \text { Debit }\end{array} Account Type Assets Liabilities Equity Revenues (Income) Expenses Debit/Credit Debit Credit Credit Credit Debit Increased by Debit Credit Credit Credit Debit
DS
Answered
What is the following is true of ethics and social responsibility in business?
A) Ethical conduct and corporate social responsibility are linked to increased profits.
B) Businesses do not need to consider social values in the contemporary scenario.
C) Investors and retired employees remain unaffected in case of scandals.
D) Businesses' reputations depend solely on their profits.
E) Business misconduct is likely to be widely excused if it enhances firms' profits.
A) Ethical conduct and corporate social responsibility are linked to increased profits.
B) Businesses do not need to consider social values in the contemporary scenario.
C) Investors and retired employees remain unaffected in case of scandals.
D) Businesses' reputations depend solely on their profits.
E) Business misconduct is likely to be widely excused if it enhances firms' profits.
On Jun 24, 2024
A
DS
Answered
A major social responsibility for business is providing equal opportunities for all employees.
On May 27, 2024
True