Identify and define the four types of questions/tasks related to increasing cognitive ability.
What will be an ideal response?
1. Comprehension questions are designed to increase entrepreneurs' understanding of the nature of the environment
2. Connection tasks are designed to stimulate entrepreneurs to think about the current situation in terms of similarities to and differences from situations previously faced and solved
3. Strategic Tasks are designed to stimulate entrepreneurs to think about which strategies are appropriate for solving the problem (and why) or pursuing the opportunity (and how)
4. Reflection tasks are designed to stimulate entrepreneurs to think about their understanding and feelings as they progress through the entrepreneurial process.
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Give an account of termination of offer due to lapse of time
What will be an ideal response?
Fleetwood Corp purchased a mine in 2016 for $500,000 and estimated that 30,000 tons of iron ore could be extracted from it
There was no residual value. The business extracted and sold 2,500 tons of ore in 2016. How will the mine be reported on the balance sheet at the end of year 2016? (Round all intermediate calculations to the nearest cent.) What will be an ideal response
What is the importance of the date of record for a corporation that has declared dividends?
What will be an ideal response?
Opunui Corporation has two manufacturing departments--Molding and Finishing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: MoldingFinishingTotalEstimated total machine-hours (MHs) 4,000 1,000 5,000Estimated total fixed manufacturing overhead cost$19,600$2,400$22,000Estimated variable manufacturing overhead cost per MH$1.10$2.10 During the most recent month, the company started and completed two jobs--Job A and Job M. There were no beginning inventories. Data concerning those two jobs follow: Job AJob MDirect materials$13,600$7,500Direct labor cost$20,700$7,400Molding machine-hours 2,700 1,300Finishing machine-hours 400 600 Assume that the company uses a plantwide predetermined manufacturing overhead rate
based on machine-hours. The total manufacturing cost assigned to Job M is closest to: A. $10,830 B. $25,730 C. $7,500 D. $7,400