Answer:
The presentation suggest that you should do all of the above.
Explanation:
Answer: $400,000
Explanation:
Only stock that are ISSUED are to be paid dividends on NOT those Authorized.
Even after that, we would still have to remove the Treasury stock because Treasury Stock is stock that was PREVIOUSLY outstanding but was repurchased by the company and so Dividends will not be paid on them.
So now we calculate the Shares Outstanding that are liable for Dividend payment.
That would be,
= 360,000 - 160,000(Treasury Stock)
= 200,000 shares will have dividends paid to them.
Since the dividends are $2.00 per share we then have,
= 200,000 * 2
= $400,000
$400,000 is the total amount of the dividend that will be paid.
Answer:
The correct answer is $20,899.86.
Explanation:
According to the scenario, computation of the given data are as follows:
Rate = 6%
Rate monthly = 6%/12
Cost = $43,000
Down payment = $4,300
Payment Per month (pmt) = $505
Time period = 36 months
So, we can calculate the present value of leasing by using financial calculator:
The attachment is attached below:
Present value = PV + Down payment
So, Present value of leasing = $16,599.86 + $4,300
= $20,899.86
Answer: A. Products were overcosted during the year.
Explanation:
At the budgeted figures of $25,000 fixed overhead costs and the 2,000 units of production, the predetermined fixed overhead rate is:
= 25,000 / 2,000
= $12.50 per unit
However, the company then produces 2,200 units at the same cost of $25,000 making the actual predetermined fixed overhead rate:
= 25,000 / 2,200
= $11.36 per unit
<em>The actual rate is less than the predetermined rate which means that the products had originally be overcosted by being apportioned higher expenses. </em>
