Employees who are paid a portion of the profit from the sale of a product or service are paid on a(n).

Alan runs a small manufacturing business. One day, a subordinate informed Alan about a problem in the production process because

Anton [14]

D. Resourcefulness; if you can pick more than one than also chose A. Confidence.

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3 years ago

Read 2 more answers

What type of event would cause two separate journal entries to be made?

Lorico [155]

The answer is e i did the test too

8 0

3 years ago

Shore Co. sold merchandise to Blue Star Co. on account, $112,000, terms FOB shipping point, 2/10, n/30. The cost of the goods so

Crazy boy [7]

Explanation:

On the books of Shore Co

Cash A/c Dr $111,560

Sales discount A/c $2,240 ($11,2000 x 2%)

To Accounts receivable A/c $113,800 ($112,000 + $1,800)

(Being cash is received)

On the books of Blue star

Accounts payable A/c Dr $113,800 ($112,000 + $1,800)

To Merchandise inventory A/c $2,240 ($11,2000 x 2%)

To Cash A/c $111,560

(Being cash is paid)

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3 years ago

In the macroeconomic long run 2) _______

melomori [17]

a.output always is above potential output.

4 0

3 years ago

Cooper Industries, Inc. began 2012 with retained earnings of $25.32 million. During the year it paid four quarterly dividends of

d1i1m1o1n [39]

Answer:

The correct answer is option C:

$750,000; $3,850,000; $4,600,000; $25,870,000

Task 1

Annual cash dividend preferred stock = $750,000

Task 2

Total annual common stock dividend = $3,850,000

Task 3

Total dividend paid = $4,600,000

Task 4

Retained earnings balance = $25,870,000

Explanation:

Task 1:

Annual cash dividend preferred stock

Preferred shares = 500,000 shares

semi-annual dividend (after six months) = $0.75 per share

500,000 shares × 0.75 per share × 2 times = $750,000 (A)

Task 2:

Total annual common stock dividend

Quarterly dividend = $0.35 per share

Common shares = 2,750,000 shares

Total quarterly dividend = 2,750,000× $0.35 per share

Total quarterly dividend = $962,500

Total annual common stock dividend = $962,500 × 4

Total annual common stock dividend = $3,850,000 (B)

Task 3

Total dividend paid

Total dividend paid (A+B) = Annual cash dividend -preferred stock + Total annual common stock dividend

Total dividend paid = $750,000 + $3,850,000

Total dividend paid = $4,600,000

Task 4

Retained earnings balance

Retained earnings balance = Opening retained earnings + Net income after total cash dividend paid

Retained earnings balance = $25,320,000 + $5,150,000 - $4,600,000

Retained earnings balance = $25,870,000

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4 years ago