An investor holds 1% of the outstanding stock of an investee. The investor plans to hold the stock for a long time. The investor reports the dividends received from the stock as ________
A) an increase in the investment account
B) a decrease in the investment account
C) dividend revenue on the income statement
D) equity in earnings of the investee on the income statement
C
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Your authors list memory, relevance and believability as examples of ________
A) standards B) actions C) assertions D) constructs E) consequences
Montegut Manufacturing produces a product for which the annual demand is 10,000 units. Production averages 100 units per day, while demand is 40 units per day. Holding costs are $2.00 per unit per year, and setup cost is $200.00
(a) If the firm wishes to produce this product in economic batches, what size batch should be used? (b) What is the maximum inventory level? (c) How many order cycles are there per year? (d) What are the total annual holding and setup costs?