B/ <span>Cost of repainting the kitchen before moving in</span>
Answer:
The answer is $47.6
Explanation:
Solution
Given that
You bought = 140 shares of Mitchum Trading for $50.07 per share
The quarterly dividend = $.17
The current price = $51.03
So we find the total dividend income you received which is computed below:
The total dividend received = (0.17 * 2) * 140
=(0.34) * 140
= $47.6
Therefore the total dividend of income that you received is $47.6
Answer:
$4,600
Explanation:
Data provided in the question:
Utility cost = $5,000
Operating level = 20,000 machine hours per period
Final utility cost = $4,000
Final operating level = 15,000
Now,
Variable cost per machine hour
= [Total cost at highest level-Total cost at lowest level] ÷ [ Highest level-Lowest level) ]
=[ 5000 - 4000 ] ÷ [ 20,000 - 15,000 ]
= $0.2 per machine hour
Therefore,
Fixed costs = $5,000 - [ 0.2 × 20,000 ]
= $1000
Total cost for 18000 machine hours
= [ 0.2 × 18,000 ] + 1000
= $4,600
Answer:
Small individual investors will benefit the most.
Explanation:
From the case given, it can be established that small individual investors represent the bulk of shareholders or business owners.
Also, from Smith Jones stock, we see that Pension and Mutual Fund constitute a bulk in the share position, and the direct intervention of shareholders motivate the management.
From the foregoing analysis, the shareholders holders have thus seek to incorporate corporate governance in the organization as a tool to reduce the agency problem between business owners and management. By this, management objectives and the shareholders could be aligned. The business owners singular objective is the profit maximization of their wealth, while the management is interested in their job security, status, mutual funds, pension and all. Since this objective of management has been duly taken care of by the shareholders, it is believer that this will boost the management morale and ultimately improve their performance. The result is thus increase in organisational performance with resultant growth in profit, share price and returns from the business. These are benefits to the individual investors.
Answer:
b)Timing differences between the bank statement and the depositor's records are reflected in the bank reconciliation.
c) The bank reconciliation is useful in proving the accuracy of the Cash account in the general ledger.
d) We must reconcile the balance of the bank's records and the Cash account in the general ledger and explain or account for any differences in the two
Explanation:
The bank reconciliation is one done between the balance per the books and balance per the bank statement. This is usually as a result of transactions known as reconciling items.
These are items that have either been recognized in books but yet to be recorded by the bank or vice versa, transactions recorded wrongly by one of the parties etc.
