Answer: $
Retained earnings beginning balance 142,000
Net loss for the year <u>(14,000)</u>
128,000
Retained earnings ending balance <u> (122,000)</u>
Amount of dividend declared <u> 6,000</u>
Explanation: In order to calculate the amount of dividend declared, there is need to deduct the net loss for the year from retained retained earnings beginning balance. Thereafter, we also need to deduct retained earnings ending balance.
Answer:
$3,000
Explanation:
Predetermined Overhead rate = Total estimated overhead cost / Allocation base
Predetermined Overhead rate = Total estimated overhead cost/Total estimated labor cost * 100
Predetermined Overhead rate = 6,000/8,000 * 100
Predetermined Overhead rate = 0.75 * 100
Predetermined Overhead rate = 75%
Overhead cost to be added to Job W at the year-end = Direct labor cost for Job W * Predetermined overhead rate = $4,000 * 75% = $3,000
Answer: C) Price-earnings ratio
Explanation:
The Price - earnings ratio is used to calculate the company's share price to its earnings per share. It uses the market value of the stock and thus has the least correlation to the actual inner workings of the company.
The Current and Acid test ratios can be used to calculate if the company is able to cover its current liabilities given its current assets and its most liquid current assets respectively. The Times Interest ratio shows if the company is able to pay its debt payments with the funds available.
The odd one out is therefore the Price-Earnings ratio.
Answer: Norms
Explanation:
According to the given scenario, Dahlia is trying to make a connection or we can say that partner at one of the famous law firms and in every organization or firms it is understood that the employees are working in the office at least 7 or 8 o' clock each evening so this is one of the firm's social norm.
The firm's norms is the term which is used to describe about the basic rules, laws, culture and regulation of the company which is follow by each member or employee in the firm.
The main objective of the organizational norms is to maintain the discipline and the equality among each employee in the firm. Therefore, Norms is the correct answer.
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