Answer:
Option b is correct
Net income = $370,000
Explanation:
Dividend paid to common stock holders = Dividend payout ratio× earnings available to common stockholder
Let the total earnings be "y"
120,000 =80%× y
y = 120,000/0.8
y= 250,000
Net income = Earnings payable to common stockholders + Preferred dividend
Net income = 250000 + 120,000 = $370,000
Net income = $370,000
Answer:
$13,780
Explanation:
For computing the overhead applied first we have to determine the predetermined overhead rate which is shown below:
Predetermined overhead rate = Total overhead cost ÷ Machine hours
= $810,900 ÷ 1,530 machine hours
= $530
Now the amount of overhead applied is
= predetermined overhead rate × number of machine hours used
= $530 × 26 machine hours
= $13,780
By multiplying the predetermined overhead rate with the number of machine hours used we can get the amount of overhead applied
Standard of living includes GROSS DOMESTIC PRODUCTS, which can be bought and sold.
GDP is one of the factors of standard living. However, it is not a strong indicator of the quality of life an individual is living.
The answer is Sales receipt
