Questions And Answers Questions Ask question Search Order By: ActiveCategoryClear Filter 0 Votes 1 Ans If Dakota Company issues 1,500 shares of $6 par common stock for $75,000 1.23K viewsDarshita Changed status to publish March 5, 2020 0 Votes 1 Ans Nebraska Inc. Issued 3,000 shares of common stock for $45,000. The stock has a stated value of $10 per share. The journal entry to record the stock issuance would include a credit Common Stock for a. $30,000 b. $3,000 c. $15,000 d. $45,000 1.37K viewsDarshita Changed status to publish March 5, 2020 0 Votes 1 Ans American Food Services, Inc., leased a packaging machine from Barton and Barton Corporation. Barton and Barton completed construction of the machine on January 1, 2016. The lease agreement for the $4 million (fair value and present value of the lease payments) machine specified four equal payments at the end of each year. The useful life of the machine was expected to be four years with no residual value. Barton and Barton’s implicit interest rate was 10% (also American Food Services’ incremental borrowing rate). 906 viewsDarshita Changed status to publish March 5, 2020 0 Votes 1 Ans On January 1, 2016, Nath-Langstrom Services, Inc., a computer software training firm, leased several computers from ComputerWorld Corporation under a two-year operating lease agreement. The contract calls for four rent payments of $10,000 each, payable semiannually on June 30 and December 31 each year. 1.16K viewsDarshita Changed status to publish March 4, 2020 0 Votes 1 Ans A lease agreement calls for quarterly lease payments of $5,376 over a 10-year lease term, with the first payment at July 1, the lease’s inception. The interest rate is 8%. B 894 viewsDarshita Changed status to publish March 4, 2020 0 Votes 1 Ans Corinth Co. leased equipment to Athens Corporation for an eight-year period, at which time possession of the leased asset will revert back to Corinth. The equipment cost Corinth $16 million and has an expected useful life of 12 years. Its normal sales price is $22.4 million 872 viewsDarshita Changed status to publish March 4, 2020 0 Votes 1 Ans Requirements of capital lease classification 899 viewsDarshita Changed status to publish March 4, 2020 0 Votes 1 Ans Ward Products leased office space under a 10-year operating lease agreement. The lease specified 120 monthly rent payments of $5,000 each, beginning at the inception of the lease. In addition to the first rent payment, Ward also paid a $100,000 advance payment at the lease’s inception. What will be the effect of the lease on Ward’s earnings for the first year (ignore taxes)? 1.15K viewsDarshita Changed status to publish March 4, 2020 0 Votes 1 Ans What is Degital markating 1.09K viewsDarshita Changed status to publish February 18, 2020 0 Votes 1 Ans Target costing involves adding a target profit per unit to actual unit cost to determine the selling price. 1.55K viewsDarshita Changed status to publish February 18, 2020 0 Votes 1 Ans Target costing is primarily used with well-established products 1.29K viewsDarshita Changed status to publish February 18, 2020 0 Votes 1 Ans In target costing, the cost of a product is the starting point and the selling price follows from the cost 1.65K viewsDarshita Changed status to publish February 18, 2020 0 Votes 1 Ans The target costing approach was developed in recognition of two important characteristics of markets and costs. First, many companies have less control over price than they like to think. Second, most of a product’s cost is determined when it is designed 1.06K viewsDarshita Changed status to publish February 18, 2020 0 Votes 1 Ans In value-based pricing, the economic value to the customer equals the reference value less the differentiation value 848 viewsDarshita Changed status to publish February 18, 2020 0 Votes 1 Ans A product’s economic value to the customer is the variable cost of the product plus the value of what differentiates the product from that alternative 904 viewsDarshita Changed status to publish February 18, 2020 0 Votes 1 Ans Companies that use value-based pricing establish selling prices based on the economic value of the benefits that their products and services provide to customers 999 viewsDarshita Changed status to publish February 18, 2020 0 Votes 1 Ans In value-based pricing, the value of what differentiates a product from the best available alternative is known as the differentiation value 905 viewsDarshita Changed status to publish February 18, 2020 0 Votes 1 Ans Generally speaking, managers should set higher prices when demand is elastic and lower prices when demand is inelastic 1.36K viewsDarshita Changed status to publish February 18, 2020 0 Votes 1 Ans Demand for a product is said to be elastic if a change in price has little effect on the number of units sold. 954 viewsDarshita Changed status to publish February 18, 2020 0 Votes 1 Ans The sensitivity of unit sales to changes in price is called the price elasticity of demand 956 viewsDarshita Changed status to publish February 18, 2020 « Previous 1 2 … 10 11 12 13 14 … 128 129 Next »
