The decrease in newspaper subscriptions has led some papers to reduce their publication schedules and begin charging or increasing rates for online subscriptions.
Answer the following statement true (T) or false (F)
True
The decrease in newspaper subscriptions has led some papers to reduce their publication schedules and begin charging or increasing rates for online subscriptions.
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On January 1, 2014, New Country issued $200,000 of ten-year 8% bonds at 98. These bonds were callable at 102 at any time after three years. Straight-line amortization was used. On January 1, 2018, a new bond issue was sold and the old bonds were called. What was the loss on bond retirement?
A) $2,000 B) $4,400 C) $6,400 D) $8,000
Haupt Inc. manufacturers water pumps. Each pump requires $155 of raw materials and $315 of conversion costs. Each pump is sold for $725. Last month Haupt produced and sold 69 pumps. The journal entry to apply conversion costs to production would include:
A. Credit to sales of $21,735. B. Debit to cost of goods sold of $31,735. C. Debit to work in process inventory of $21,735. D. Credit to work in process inventory of $21,735. E. Debit to accounts payable of $31,735.
When are virtual teams most effective?
a) When there is a strong group identity b) With discontinuity of team members c) When there are cultural barriers d) When less money is spent
Dietrick Corporation produces and sells two products. Data concerning those products for the most recent month appear below: Product B32LProduct K84BSales$46,000 $27,000 Variable expenses$13,800 $14,670 Fixed expenses for the entire company were $42,550. If the sales mix were to shift toward Product B32L with total sales remaining constant, the overall break-even point for the entire company:
A. could increase or decrease. B. would not change. C. would increase. D. would decrease.