What is licensure? I’m doing intro to business

Which of the following manufacturing cost elements occurs in a process cost system? Direct materials. Direct labor. Manufacturin

olga2289 [7]

Answer:

Option D, Direct Materials, Direct Labor, & Manufacturing Overhead

Explanation:

Process costing with in a company is used as a method to assign manufacturing costs to the product units produced which are nearly identical.

For all items manufactured in a manufacturing firm, some process related cost is common in all cases such as direct material cost, conversion cost, labor cost etc. Also these cost parameters are same from one department to other.

Hence, option D is correct

4 0

3 years ago

Analyzing and Distributing Cash Dividends to Preferred and Common Stocks Potter Company has outstanding 16,000 shares of $60 par

blondinia [14]

Answer:

Year 1

Preferred Stock Dividend = $ 0

Common Stock Dividend = $0

Year 2

Preferred Stock Dividend = $96,000

Common Stock Dividend = $164,000

Year 3

Preferred Stock Dividend = $48,000

Common Stock Dividend = $0

Explanation:

Preferred Stock has preference when it comes to payments of dividends. The remainder of the dividends will then be paid to Common Stock Holders after distributions have been made to Preference Stock Holders.

Then, If preferred stock is cumulative, this means all outstanding preferred stock dividends not paid are not waived, but are paid up in the year that the cash for dividend is available.

Preferred stock dividend is fixed calculated as :

Preferred Stock Dividend = 16,000 share x $60 x 5% = $48,000

thus

Cash dividends paid to each class of stock in each of the three years will be determined as :

Year 1

Preferred Stock Dividend = $ 0 , but $48,000 carried over to next year.

Common Stock Dividend = $0

Year 2

Preferred Stock Dividend = $48,000 (current year) + $48,000 (previous year) = $96,000

Common Stock Dividend = $260,000 - $96,000 = $164,000

Year 3

Preferred Stock Dividend = $48,000

Common Stock Dividend = $0

5 0

3 years ago

Arreaga Corp. has a tax rate of 40 percent and income before non-operating items of $928,000. It also has the following items (g

Sedbober [7]

Answer: $324,800

Explanation:

It is a general Principle that when calculating income tax expense, that the Extraordinary loss is treated separately because it is not a usual thing.

The income gained from changing the Accounting principle is not included as well.

The Taxable income to be recorded therefore is,

Taxable income = Income + Gain on disposal - Unusual loss (due to its infrequency)

Taxable income = 928,000 + 32,000 - 148,000

Taxable income = $812,000

Tax expense would therefore be,

= 812,000 * 40%

= $324,800

$324,800 is the amount of income tax expense Arreaga would report on its income statement.

3 0

3 years ago

"Long Margin Account Market Value: $210,000 Debit Balance: $100,000 If the debit balance in the account is reduced to $90,000, t

qwelly [4]

Answer:

25%

Explanation:

The formula to compute the equity in the long margin account is

long market value - debt = equity

Also we know that the account will be at maintenance if the equity is 25% of the long market value

Here 25% represents the equity so 75% would be debit

And, the drop in the market value is of

= $90,000 ÷ 0.75

= $120,000

So at this point, the equity is $30,000

Now the margin percentage is

= $30,000 ÷ $120,000

= 25%

3 0

3 years ago

When a goal is not met, a manager should assume that Multiple Choice the control process was flawed. employees need to improve t

solong [7]

Answer:

the set goal was too ambitious or employees need to improve their performance.

Explanation:

A manager can be defined as an individual who is saddled with the responsibility of providing guidance, support, supervision, administrative control, as well as acting as a role model or example to the employees working in an organization by being morally upright.

Generally, managers are typically involved in taking up leadership roles and as such are expected to be build a strong relationship between their employees or subordinates by creating a fair ground for effective communication and sharing of resources and information. Also, they are required to engage their staff members (entire workforce) in the most efficient and effective manner.

Business strategy sets the overall direction for the business because it focuses on defining how a business would achieve its goals, objectives, and mission; as well as the funds and material resources required to implement or execute the business plan.

Hence, when a goal is not met, a manager should assume that the set goal was too ambitious or employees need to improve their performance. Thus, the set goals for an organization shouldn't be too ambitious while encouraging employees to be up and doing in performing their duties.

6 0

3 years ago