A company received dividends of $0.35 per share on 300 shares of stock it holds as an investment. The journal entry to record this transaction would be to debit Cash for $105 and credit Dividend Revenue for $105.
Answer the following statement true (T) or false (F)
True
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Industrial and highly technical products and services are differentiated solely on the basis of perception
Indicate whether the statement is true or false
Plant assets used in conjunction with a natural resource typically are depreciated
a. using income tax depreciation. b. using an accelerated depreciation method. c. on the same basis as depletion is computed. d. on a straight-line basis.
When a firm's objective is to gain as much market share as possible, a likely pricing strategy is ________, sometimes also referred to as pricing for maximum marketing share.
A. penetration pricing B. price skimming C. target ROI D. competitor-based pricing E. value pricing
Hathaway Inc produces and sells golf umbrellas to local resorts. Hathaway anticipates April to be a busy month with the sale of 2,000 umbrellas. The company has prepared the following static budget for April: Sales revenue (2,000 units) $60,000 Variable costs: Direct materials 6,000 Direct labor 8,000 Overhead 2,500 Fixed costs 6,000 Net operating income $37,500 During April, Hathaway actually
produced and sold 2,300 umbrellas. What should be Hathaway's net operating income in April based on a flexible budget? A) $44,025 B) $43,125 C) $37,500 D) $35,025