Which of the following would be included in the entry by the payee to record a dishonored note receivable?
A) a debit to Accounts Receivable
B) a debit to Interest Revenue
C) a debit to Notes Receivable
D) a credit to Interest Expense
A
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Canada Sailboats Company manufactures 10 luxury yachts per month
A compact media center is included in each yacht. Canada Sailboats manufactures the media center in-house but is considering the possibility of outsourcing this function. At present, the variable cost per unit is $270, and the fixed costs are $40,000 per month. Justin Blake, the CEO, wishes to increase operating income by $3,000. He has an offer from a foreign producer to provide the media centers at a contract cost of $325 per unit. The required saving in fixed cost in order to achieve his objective would be ________. A) $3,000 B) $550 C) $3,550 D) $2,700
Which automaker currently has a joint venture with Hindustan Motors (India)?
A) Volkswagen B) Ford C) GM D) Renault E) Mazda