Answer:
(a)
Dr. Cash $2,630,000
Cr. Preferred Stock $2,147,000
Cr. Add-in-Capital excess of par preferred stock $483,000
Explanation:
Preferred stockholders has an advantage that they are paid first when there is any dividend is announced. The residual dividend will be divided into the common stockholders. Any prior years due dividend and current years dividend associated with preferred share will be paid first.
Par value = 113,000 x 19 = $2,147,000
Excess of par value = $2,630,000 - $2,147,000 = $483,000
Answer:
irrelevant
Explanation:
From the word "attrition" which refers to employees attrition in this context refers to the process by which employee leaves a company for their own reasons such as resignation or retirement. So therefore the salary report sent is irrelevant to the reason for employee leaving the company.
Answer: The difference in daily profit by selling white bread instead of speciality bread is $22.
<u>Daily Profit from selling white bread:</u>
Selling Price per loaf $3
.0
Cost per loaf $1.5
Profit per loaf 
No. of units sold per day 52
Profit per day 
<u>Daily Profit from selling specialty bread:</u>
Selling Price per loaf $4.50
Cost per loaf $2.50
Profit per loaf 
No. of units sold per day 28
Profit per day 
Hence the difference in daily profit is 
The seller surplus was $10 from this transaction. The discrepancy between the price paid and a good's marginal value is known as the seller surplus.
Seller surplus plus consumer surplus represents the sum of the economic benefits to each market participant from participating in the production and trade of the good at a price. The producer surplus is equal to the entire revenue from sales of a producer's goods minus the marginal cost of production.
Market price that is higher than the lowest price that producers would normally be willing to pay for their goods results in a seller surplus. Only variable (marginal) costs are deducted from seller surplus.
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Answer:
One of the great dangers in allocating common fixed corporate costs is that such allocations can make a product line look less profitable than it really is.
Explanation:
Therefore, care must be exercised so that a product line is not eliminated because the common fixed costs have been allocated to it such that it becomes unprofitable. This is why it is necessary to identify activity cost pools into which such fixed costs can be accumulated and from which they can be allocated to product lines. Using ABC costing approach, for instance, offers a means of escape because the system tries to allocate costs based on the level of usage or consumption of such common costs by each product line instead of using arbitrary allocation formulas.
