Answer:
A. reduces record keeping.
Explanation:
A periodic system of inventory can be defined as a method of financial accounting, that typically involves updating informations about an inventory on a periodic basis (at specific intervals) as the sales or purchases are being made by the customers, through the use of either an enterprise management software applications or a digitized point-of-sale equipment.
Hence, a periodic system of inventory reduces record keeping because there's no continuous records in real-time of the amount of inventory sold or purchased by the customers.
The company has declared a 100% stock dividend on its common stock will not be considered while calculating the earnings per common shares should be.
Earnings per share = Net Income / Number of equity shares.
where Net Income = $1,520,000
Common equity shares = 300,000
Earnings per share = $1,520,000 / 300,000
Earnings per share = $5.07
Therefore, earnings per common share for year 2015 for Rice Corporation is $5.07
Answer:
6,600 hours
Explanation:
For computing the standard hours allowed, first we have to compute the hours per unit which is shown below:
Hours per unit = Produced direct labor-hours ÷ Number of units produced
= 8,000 ÷ 2,000 units
= 4
And, the 1,650 units were produced
So, the standard hours allowed would be
= 1,650 units × 4
= 6,600 hours
Answer:
The correct answer is: No, he may not recover his money in court.
Explanation:
To begin with, due to the fact that this type of purchase is prohibited by law in the state then the even thought that the company agrees to return the money back the court will charge him a quite expensive bill because he broke the law so the money he paid will not be fully recovered indeed. Moreover, the court will state that the buyer must have acted with responsibility and that is that, at the time of buying something the buyer must gather information about it in order to know if it is legal or not, therefore that acting with that responsibility the buyer will not have a defense in order to recover his money.
