Joywell, Inc. has four processing departments and follows a process costing system. It incurred $150,000 in machinery depreciation and $60,000 in indirect costs that were paid in cash. Provide the journal entries to record these transactions
What will be an ideal response
Manufacturing Overhead 150,000
Accumulated Depreciation—Equipment 150,000
Overhead incurred, costs accumulated in MOH
Manufacturing Overhead 60,000
Cash 60,000
Overhead incurred, costs accumulated in MOH
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In deciding to decide about a problem or opportunity, a manager should evaluate the importance of the situation, the credibility of the information, and
A. the equitability of the outcomes. B. the availability of heuristics. C. the urgency of the situation. D. the cost of the solution. E. the ethics of making no change.
On June 17, 2012, Company A purchases 10,000 shares of Company B's $15 par value, common stock for $200,000 . Company B has 50,000 shares of common stock outstanding. On December 31, 2010, the market price of the stock is $22 per share. Company A's entry to record the stock purchase is:
a. debit Short-Term Investments, $200,000, and credit Cash, $200,000. b. debit Investment in Company B, $200,000, and credit Cash, $200,000. c. debit Long-Term Investments, $150,000; debit Allowance to Adjust Long-Term Investments to Market, $50,000; and credit Cash, $200,000. d. debit Investment in Company B, $150,000; debit Allowance to Adjust Long-Term Investments to Market, $50,000; and credit Cash, $200,000.
Why is it appropriate to argue that good strategy-making combined with good strategy execution are valid signs of good management?
What will be an ideal response?
Shadow prices
A) can be derived from the coefficients of the slack variables in the Cj - Zj row of an optimal simplex tableau. B) represent the value of one additional unit of a resource. C) are found in the solution to the dual LP. D) All of the above E) None of the above