A strategic control system must encourage efficient operations while allowing flexibility to adapt to changing conditions.
Answer the following statement true (T) or false (F)
True
A strategic control system is designed to support managers in evaluating the organization's progress with its strategy and, when discrepancies exist, taking corrective action. The system must encourage efficient operations that are consistent with the plan while allowing flexibility to adapt to changing conditions.
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Below are selected data from the financial statements of Moriarty Company. 2016 2015 Total liabilities $1,205,000 $952,000 Common stock ($30 par) 250,000 225,000 Paidin capital in excess of par—common stock 150,000 135,000 Retained earnings 155,000 145,000 The debt-to-equity ratio for 2016 is
a. increasing, which should be a major cause of concern for Moriarty Company. b. increasing, which should be a good sign in investors' eyes. c. decreasing, which should be a major cause of concern for Moriarty Company. d. decreasing, which should be a good sign in investors' eyes.
The cost of an intangible asset is systematically allocated to depreciation expense over its estimated useful life.
Answer the following statement true (T) or false (F)
More often than not, process improvement takes place whether or not a process is reengineered
Indicate whether the statement is true or false
Spice Company issued $200,000 of 10 percent first mortgage bonds on January 1, 20X4, at 105. The bonds mature in 10 years and pay interest semiannually on January 1 and July 1. Pumpkin Corporation purchased $140,000 of Spice's bonds from the original purchaser on December 31, 20X8, for $125,000. Pumpkin owns 75 percent of Spice's voting common stock. Spice's partial bond amortization schedule is as follows:PMT # Interest$ PMTInterestExpenseAmort ofDiscount(Premium)Premium(Discount)BondsPayableCV
ofBonds 1/1/20X4 10,000.00 200,000.00 210,000.00 1 7/1/20X4 10,000.00 9,684.96 (315.04) 9,684.96 200,000.00 209,684.96 2 1/1/20X5 10,000.00 9,670.43 (329.57) 9,355.38 200,000.00 209,355.38 3 7/1/20X5 10,000.00 9,655.23 (344.77) 9,010.61 200,000.00 209,010.61 4 1/1/20X6 10,000.00 9,639.33 (360.67) 8,649.94 200,000.00 208,649.94 5 7/1/20X6 10,000.00 9,622.69 (377.31) 8,272.63 200,000.00 208,272.63 6 1/1/20X7 10,000.00 9,605.29 (394.71) 7,877.92 200,000.00 207,877.92 7 7/1/20X7 10,000.00 9,587.09 (412.91) 7,465.01 200,000.00 207,465.01 8 1/1/20X8 10,000.00 9,568.04 (431.96) 7,033.05 200,000.00 207,033.05 9 7/1/20X8 10,000.00 9,548.12 (451.88) 6,581.18 200,000.00 206,581.18 10 1/1/20X9 10,000.00 9,527.28 (472.72) 6,108.46 200,000.00 206,108.46 11 7/1/20X9 10,000.00 9,505.48 (494.52) 5,613.94 200,000.00 205,613.94 12 1/1/20X0 10,000.00 9,482.68 (517.32) 5,096.62 200,000.00 205,096.62 Based on the information given above, what amount of interest expense will be eliminated in the preparation of the December 31, 20X9 consolidated financial statements? A. $9,483 B. $13,292 C. $16,296 D. $18,988