Explanation:
The preparation of the retained earnings statement for the year ended December is presented below:
Culver Corporation
Retained Earning statement
For the year ended December 31, 2017
Beginning balance of retained earning $718,500
Add: Correction recorded $86,470
Add: Net income $1,596,000
Less: Cash Dividend paid -$80,500
Ending balance of retained earning $2,320,470
Answer:
$231,200
Explanation:
The computation of the total budgeted manufacturing cost is shown below:
= Fixed Manufacturing Costs + Variable Manufacturing Costs per pair of shoes × number of shows made this month
= $12,300 + $11 × 19,900 shoes
= $12,300 + $218,900
= $231,200
We simply added the Fixed Manufacturing Costs and variable manufacturing cost so that the exact value might arrive.
the answer is B) it keeps your browsing completely hidden from everyone
Answer:
Explanation:
Before passing the journal entry, we have to find out the bad debt expense amount which is shown below:
Bad debt expense = Account receivable balance × uncollectible percentage + debit uncollectible account balance
= $130,000 × 20% + $2,100
= $26,000 + $2,100
= $28,100
So, the journal entry would be
Bad debts expense A/c Dr $28,100
To Allowance for uncollectible accounts $28,100
(Being uncollectible accounts is adjusted)
Answer:
The answer is: C) increase both labor and multifactor productivity
Explanation:
An increase in labor productivity happens when an employee can produce a larger number of units using the same amount of time. Labor productivity is part of the total factor productivity (TFP) or the multifactor productivity (MFP). So when the total labor productivity increases, so will the multifactor productivity.
Usually when one type of productivity increases, e.g. labor productivity, other factors of production will also increase their productivity, e.g. capital productivity will increase also. For example, if the worker is trained better, he will produce 2 more units using the same machinery, so because the labor productivity increased, the capital productivity also increased, i.e. the same machine can now produce two more units. That is why productivity is measured as multifactor productivity (or total factor productivity).
