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3 years ago

In your company's management development program, there was a heated discussion between

Business

1 answer:

GREYUIT [131]3 years ago

3 0

Answer:

The most sensible position is to understand that theory, while not practical in itself, can be immensely helpful when dealing with pratical matters.

This is because theory gives you a sound conceptual foundation that can be used to analyze the practical context, and approach it with the best possible practical solutions.

Without theory, managers have to rely too much on intuition, which can often fail.

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Odessa Corporation had 20,000 shares of $2 par value common stock outstanding on July 1. On that day, the board of directors dec

Nataly [62]

Answer:

Debit Retained earnings $18,000

Credit Common stock $4,000

Credit paid in capital in excess of par value common stock $14,000

<em>(To record declaration of 10% stock dividend)</em>

Explanation:

The overall effect this declaration would has on the retained earnings would be determined using the current market value, meanwhile the effect on common stock would determined using the par value.

The appropriate entries above were determined by:

Stock dividend declared = 10% x 20,000 units x $9 = $18,000

The effect on common stock will be = 10% x 20,000 unit x $2 = $4,000

So, paid in capital in excess of par value common stock is $18,000 - $4,000 = $14,000.

3 0

3 years ago

Select the correct answer. cameron purchased an electric guitar for $1,875. the value of the guitar depreciates by 20% each year

mina [271]

The number of years it will take for the guitar to be valued at $768 given the initial value and the rate of depreciation is four years.

In how many years will the guitar be valued at $768?

When an asset depreciates,it means that with the passage of time, the value of he asset declines.

Number of years = (In FV / PV)/r

FV= future value = 768

PV = present value = 1875

r = rate of depreciation =20

(In 768 / 1875) / 0.2 = 4 years

What is the rate of depreciation?

Depretiation is the systematic allocation of the depreciable amount of an asset over its useful life.

The depreciable amount of an asset is the cost of an asset or other amount substituted for cost, less its residual value.

learn more about how to determine the number of year here:

brainly.com/question/17583360

#SPJ4

4 0

2 years ago

g sells its product for $60 per unit. During 2019, it produced 48000 units and sold 40000 units (there was no beginning inventor

True [87]

Answer:

Fixed overhead allocated to ending inventory= $96,000

Explanation:

Giving the following information:

Production= 48,000

Sales= 40,000

Fixed manufacturing overhead= $576,000

First, we need to calculate the unitary fixed manufacturing overhead:

Unitary fixed manufacturing overhead= 576,000/48,000= $12

Fixed overhead allocated to ending inventory= 12*8,000= $96,000

3 0

3 years ago

Palace Company has two service departments and two user departments. The number of employees in each department is:Personnel 10C

joja [24]

Answer:

$3,483.17

Explanation:

Calculation for the amount of cost allocated to the Cafeteria under the step method

Using this formula

Allocation to Cafeteria=[Cafeteria/(Cafeteria+Producing Department A+Producing Department B)]×Budgeted costs

Let plug in the formula

Allocation to Cafeteria=[25/(25 + 308 + 287)] x $72,450

Allocation to Cafeteria=(25/520)×$72,450

Allocation to Cafeteria=0.0480769231×$72,450

Allocation to Cafeteria=$3,483.17

Therefore the amount of cost allocated to the Cafeteria under the step method would be $3,483.17

8 0

3 years ago

Which type of account typically has very high liquidity, low or no interest, and low minimum balance?

oksian1 [2.3K]

A Checking Account would.

3 0

3 years ago