Answer:
Dr Retained earnings $6,200
Cr Dividends payable $6,200
Explanation:
The shares entitled to dividends payment are those outstanding as at when dividends were declared,that is those shares in issue as at the date of dividend declaration,in essence only the outstanding shares of 12,400 are entitled to dividend payment of $0.50 per share.
The amount of dividend payment=$0.50*12,400=$6,200
The total dividends declared of $6,200 would be debited to retained earnings and credited to dividends payable until the payment date when the cash would be settled.
Answer:
a. Direct materials
b. Direct labor
c. Variable overhead
d. Fixed overhead
Explanation:
The absorption costing is the costing in which the income statement should includes all types of production cost i.e. direct material cost, direct labor cost, variable overhead and the fixed overhead
So as per the given statement, all the four types of costing should be involved while preparing the income statement under the absorption costing
Hence, all 4 options should be considered
Answer:
who knows??
Explanation:
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Answer:
2.75 million
Explanation:
Required reserves is the percentage of deposits required of banks to keep as reserves by the central bank
Required reserves = reserve requirement x deposits
Increase in value of money supply as a result of the purchase is determined by the money multiplier
Money multiplier = 1 / reserve requirement
1/0.05 = 20
increase in money supply = amount of open market purchase / reserve requirement
55 / 20 = 2.75 million
Here is your answer:
Your answer is A to provide clear, balanced, and unbiased information about the topic.
Reason: When people make websites its important to have certified information so the users or people who are using the website will have verified (correct) information to use for school projects, research papers, etc...
Your answer is A.
(btw it would help to have letters on your options)