Answer:
e) $12,000 preferred; $18,000 common.
Explanation:
Dividend (Preferred) = 6% * Preferred stock outstanding
= 5% * $200,000
= $12,000
Dividend common = $30,000 - $12,000
= $18,000
Hence, the Cash dividend to preferred shareholders is $12,000 and that to common shareholder is $18,000
Answer:
Explanation:
FORECAST ACTUAL
April 256 206
May 328 252
June 403 330
July 353 305
August 378 324
September 452 395
April Forecast Accuracy = 206/256 = 80.5%
May Forecast Accuracy = 252/328 = 76.8%
June Forecast Accuracy = 330/403 = 81.9%
July Forecast Accuracy = 305/353 = 86.4%
August Forecast Accuracy = 324/378 = 85.7%
September Forecast Accuracy = 395/452 = 87.4%
B. The Model needs to be changed, as it delivers below 100% month on Month.
The Business is over forecasting consistently and need to change the Model immediately to reflect the right forecasts for the next 6 months.
Answer:
$19,648
Explanation:
The computation of the ending work in process after considering the allocation of any under applied or over applied is shown below:
But for that first we have to find out the percentage of allocated overhead which is given below:
= Work in process manufacturing overhead applied ÷ Total manufacturing overhead applied
= $5,830 ÷ $51,920
= 11%
And, the over applied manufacturing overhead is $4,200
So, its allocation is
= $4,200 × 11%
= $462
Now the ending work in process is
= $20,110 - $462
= $19,648
Answer:
- Someone who combines the factors of production into a business
- -Someone willing to risk loss and failure for profit.
Explanation:
An entrepreneur is a person who starts and sets up their business.
Characteristics of Entrepreneurs
- Entrepreneurs have Self-Motivation and effective communication skills.
- They are natural managers with the capability to motivate, encourage and inspire people in their team.
- They have Money management and handling skills.
- They are prepared to take a risk for profit.
- They take big decisions very carefully.
- They are confident,creative and Open-Minded.
Answer:
The correct option is D,$41,200
Explanation:
The fact that inventory reduced by 1,400 units implies that the fixed costs of 1,400 units added to closing inventory under absorption costing method has now been released into income statement as an additional cost in the current year,as result profit under absorption costing method reduce by the increased fixed costs:
net operating income under variable costing $52,400
less:additional fixed costs (1,400*$8) ($11,200)
Profit under absorption costing method $41,200
The correct option is D,$41,200
