"Assembly lines" is the one modern innovation among the following choices given in the question that Henry Ford would have been most interested to bring <span>to his automotive factories. The correct option among all the options that are given in the question is the fourth option or the last option. I hope it helps you.</span>
Answer:
total cost to be accounted = $294,000
Explanation:
Work in Process
Beginning value of WIP = $24,000
Ending value of WIP = $13,000
Cost added to production = $283,000
Cost to be accounted for = Beginning value of WIP + Cost added to production - Ending value of WIP
Cost to be accounted for = $24,000 + $283,000 - $13,000 = $294,000
Answer:
See below
Explanation:
1. Corrected amounts for 2020 cost of goods sold
= Cost of goods sold for 2020 - December 31, 2019 ending inventories overstated + December 31, 2020 ending inventories overstated
= $1,322,900 - $106,470 + $36,820
= $1,253,250
2. Correct amounts for December 31, 2020 retained earnings
= Retained earnings December 31, 2020 - December 31, 2020 ending inventories overstated
= 4,854,000 - $36,820
= $4,817,180
Answer:
We can assume that Sparks Corporation is going to pay preferred stockholders first:
preferred stock dividends = $100 x 8% x 3,000 = $24,000
If the corporation doesn't owe any previous dividends to preferred stockholders, then the remaining $81,000 (= $105,000 - $24,000) should be distributed to common stockholders.
Each preferred stock will receive a $8 dividend. I don't know the amount of outstanding common stock, so it is not possible to determine how much dividend will be distributed for each common stock outstanding.
Answer:
False
Explanation:
Retained earnings can be defined as the amount of money or income left after a firm or organization as paid out it dividends to their shareholders.
Retained earnings are also an organisation's profit which they retained or keep and this earning is reinvested for other purposes. Such purposes include: Future expansion of the the organization. Retained earnings are a form of liability to a firm.
Funds acquired by the firm through retained earnings (similar to their free cash flow), have cost attached to them. This is because the cost of retained earnings is equivalent to rate of return on re-investment of dividends of shareholders that is paid by the organization. Hence, retained earnings is equivalent to the cost of equity.
