Answer:
The journal entry for the same is shown below:
Explanation:
Retained earnings A/c.............Dr $500,000
Dividends payableA/c..........Cr $ 500,000
Cash dividend is declared by the board on 100,000 shares, therefore, the account of retained earnings is debited whereas the account of dividend payable is credited.
Working Note:
Amount = Shares × Price per share
where
Shares is 100,000
Price is $5 per share
= 100,000 × $5
= $500,000
The component of GDP that includes net exports and business investment will be affected If the German manufacturer builds a new factory to produce volkswagens in pennsylvania.
<h3>What are components of gross domestic product?</h3>
In economics, the components of gross domestic product includes the personal consumption, business investment, government spending and net exports.
Hence, the component of GDP that includes net exports and business investment will be affected by the decision.
Read more about gross domestic product
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Answer:D.None of the option is correct, the correct answer is Buy; savings=$203,000
Explanation:
The firm will Incurred the total fixed overhead it decides to make.
The total cost of making 6000 units is $163*6000=$978,000
The total cost of buying is $144*6000= $864,000 and when we deduct $89,000 to be saved from fixed overhead by buying we have a total cost of( $864,000-$89,00) =775,000.
This invariably means the company will save ($978,000-$775,000) which is equal to= $203,000 by buying.
Answer:
retaining walls for individual customers. On August 1, there were two jobs in process: Job 93 with a beginning balance of $8,650, and Job 94 with a beginning balance of $7,270. Jagjit applies overhead at the rate of $9 per direct labor hour. Direct labor wages average $16 per hour. Data on August costs for all jobs are as follows:
Job 93 Job 94 Job 95 Job 96
Direct materials $910 $4,590 $3,330 $1,270
Direct labor cost 2,080 4,800 2,400 960
During August, Jobs 95 and 96 were started. Job 93 was completed on August 17, and the client was billed at cost plus 40%. All other jobs remained in process.
Refer to the list below for the exact wording of text items within your job-order cost sheets.
Amount Descriptions
Applied overhead
Beginning balance
Direct labor
Direct materials
Total
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Explanation:
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Answer: C. QuickBooks Online Advanced
Explanation:
With the QuickBooks Online Advanced, Johanna can be bake to do batch transactions faster even when there's an increase in workload. In the QBO Advanced, there are batch transaction entry for sales, checks, receipts, invoices, etc.
Since Johanna wants to be able to set up specific roles for the 15 different users in her company, including providing access to her CPA, outsourced CFO, and an outside integration specialist and ProAdvisor, the version of Quickbooks Online that would allow her to accomplish this is the QuickBooks Online Advanced.