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3 years ago

The following information has been taken from the ledger accounts of Bridgeport Corporation.

Business

1 answer:

stealth61 [152]3 years ago

5 0

Answer:current balance of retained earnings=$206,000

Explanation:

Net Retained Earnings = Total Income since Incorporation−

Total Cash Dividend Paid− Value of Stock Dividend distributed

Where

cash dividends distributed among the stakeholders= $55,000

value of stock dividends distributed = $31,000

Total Dividend Distributed = $86,000

Net Retained Earnings = $292,000 -($86,000)=$206,000

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g Overhead costs are assigned to production using an overhead application rate, whereas no such "application rate" is used to as

Hoochie [10]

Answer:

Overhead costs are assigned to production using an overhead application rate, whereas no such "application rate" is used to assign the costs of direct materials and direct labor to production. The reason for this difference in procedures is that:

Overhead is an indirect cost which cannot be traced easily and directly to specific units of product.

Explanation:

Manufacturing overhead costs are not direct costs. They are not generally traceable to units of products. They include such indirect costs as Depreciation Expense, Property Taxes, Indirect Labor, Indirect Materials, etc. No unit of product can be ascribed such costs except as an approximation.

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3 years ago

Alaska Mining Co. acquired mineral rights for $67,500,000. The mineral deposit is estimated at 30,000,000 tons. During the curre

Reil [10]

Answer:

a. Determine the amount of depletion expense for the current year.

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Plug the amounts into the formula to find the answer:

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Account Debit Credit

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3 0

3 years ago

Hiiii how was yall day..................

Katyanochek1 [597]

Good, tbh only answering so I can get more points lol have a good day!

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2 years ago

Read 2 more answers

Negative impact of high Crime rate in businesses

Valentin [98]

Answer:

Crime has a huge impact on businesses. It can cause a business to lose customers, employees, and even their physical property. Crime is also a major factor in the cost of doing business.

Theft or vandalism of company property is an example of crime that can have a negative impact on businesses. Businesses that operate in high-crime areas are at risk for theft and vandalism to their facilities and equipment. The cost of replacing or repairing damaged assets can be costly for the business owner.

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1 year ago

The President is considering the following policies, each of which is aimed at reducing violent crime byreducing the use of guns

SCORPION-xisa [38]

Answer:

Option 1

Explanation:

The best method to reduce the consumption of any goods or service is to increase the price of the product or services to such an extent that buyers themselves prefer not to buy such good or service.

Hence, the government must put tax on gun buyers. The more tax is implied, the more the demand for guns will reduce as the buyers will not prefer to buy.

Hence, option 1 is correct

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2 years ago