Significant noncash investing and financing activities are disclosed because they

Hutter corporation declared a $0.50 per share cash dividend on its common shares. the company has 37,000 shares authorized, 19,2

Maurinko [17]

The corporation is required to record entry for cash dividend declaration. Only the common stock outstanding or the 14,800 shares are entitled to receive dividends. Thus, the journal entry to record the dividend declaration is as follows:
Debit: Retained Earnings $7,400.00
Credit: Dividends Payable $7,400.00
To record cash dividend declaration

5 0

3 years ago

Bentley estimates manufacturing overhead of $3,251,600 for 2013 and will apply overhead to units produced based on 739,000 machi

saul85 [17]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Estimated overhead= $3,251,600

Estimated machine-hours= 739,000

During 2013, Bentley used $1,640,000 of raw materials, paid $5,335,800 of direct labor, generated 734,000 machine hours, and produced 2,190,000 units.

First, we need to calculate the predetermined overhead rate:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 3,251,600/739,000

Predetermined manufacturing overhead rate= $4.4 per machine hour

Now, we can allocate overhead:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 4.4*734,000= $3,229,600

Finally, we can determine the total cost and unitary cost:

Total cost= 1,640,000 + 5,335,800 + 3,229,600= $10,205,400

Unitary cost= 10,205,400/2,190,000= $4.66 per unit

4 0

3 years ago

Bubba is a shrimp fisherman who used $2,000 from his personal savings account to buy a boat and equipment for his shrimp busines

oee [108]

2040 I think because 2 percent of 2000 is 40 so you add 2000+40 and you get 2040

7 0

3 years ago

_____ is a practice where a store sends coupons to a customer, who has already bought a product from the store, for a more expen

Kaylis [27]

Answer:

Upselling

Explanation:

Upselling: The term "upselling" is described as a specific sales technique in which a seller generally induces different customers to buy or purchase items that are considered as more expensive, upgrades or any other "add-ons" while making an effort to create a profitable sale.

In other words, it is referred to as a practice or an effort to encourage various customers to buy high-end products. This is a method of persuading customers.

As per the question, the given statement signifies "upselling".

3 0

3 years ago

Complete the following data taken from the condensed income statements for merchandising Companies X, Y, and Z. For those boxes

spayn [35]

Answer:

Company X:

Sales :

= Gross Profit + Cost of goods sold

= 245 + 330

= $575

Operating expenses:

= Gross profit - Net income

= 245 - 30

= $215

Company Y

Gross profit:

= Sales - Cost of goods sold

= 1,270 - 790

= $480

Net income:

= Gross profit - Operating expenses

= 480 - 525

= $(45)

Company Z

Operating expenses :

= Gross profit - Net income

= 525 - (-20)

= 525 + 20

= $545

Cost of goods sold:

= Sales - Gross profit

= 970 - 525

= $445

7 0

3 years ago