Answer:
(a) $56,730
(b) $36,330
(c) $ 51,800
(d) $24,800
(e) $36,230
Explanation:
(a) Gross profit for the Dalmatian Division:
= Net sales - Total Cost of goods sold
= $87,000 - $30,270
= $56,730
(b) Income from operations from the Dalmatian Division:
= Gross Profit - Direct operating expenses
= $56,730 - $20,400
= $36,330
(c) Gross profit for the Beagle Division:
= Net sales - Total Cost of goods sold
= $99,000 - $47,200
= $ 51,800
(d) Income from operations from the Beagle Division:
= Gross Profit - Direct operating expenses
= $51,800 - $27,000
= $24,800
(e) Total income from operations;
= $36,330 + $24,800
= $61,130
Earnings before interest and taxes:
= Total income from operations - General overhead
= $61,130 - $18,160
= $42,970
Earnings before taxes:
= Earnings before interest and taxes - Interest expense
= $42,970 - $2,040
= $40,930
Net income = Earnings before taxes - Income taxes
= $40,930 - $4,700
= $36,230
Answer and Explanation:
The journal entry is shown below:
WIP inventory - Coloring Dr XXXXX
To WIP inventory - molding XXXXX
(Being the transferring from the molding process to the coloring process is recorded)
For recording this we debited the WIP inventory of Coloring as it increased the assets and credited the WIP inventory of Molding as it decreased the assets
Answer:
D) none of the statements associated with this question are incorrect.
Explanation:
As the population rises, demand increases and the market demand curve shifts to the right.
As a greater fraction of the population becomes elderly, the fraction of the population needing medical services increases and the demand for medical services will tend to increase. The demand curve shifts to the right.
Changes in the composition of the population affect the demand for a product. For example, if the fraction of the elderly in a population increases, the demand for medical services also increases.
I hope my answer helps you
Answer:
Current dividend per share = $3.72 (Approx).
Explanation:
Given:
Current stock price = $74
Rate of return = 10.6%
Dividend yield rate = 10.6% / 2= 5.3% = 0.053
Computation:
Dividend = Current stock price x Dividend yield rate
Dividend = $74 x 0.053
Dividend = $3.922
Current dividend per share = Dividend (1 / 1 + yield rate)
Current dividend per share = $3.922 (1 / 1.053)
Current dividend per share = $3.922 (0.949667616)
Current dividend per share = $3.72459639
Current dividend per share = $3.72 (Approx).
