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3 years ago

The following data were taken from the balance sheet accounts of Masefield Corporation on December 31, 2019.

Business

1 answer:

viktelen [127]3 years ago

7 0

Answer:

Please see below

Explanation:

a. A 5% stock dividend is declared and distributed when the market per share was $39.

Common stock par value($10) 500,000

Retained earning = 50,000 × 5% × 39

= $97,500

Common stock dividend distributed

50,000 × 5% × $10

= $25,000

See attached further explanations.

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The Copy Department in the College of Business at State University provides photocopying service for both the Marketing and Econ

fiasKO [112]

Answer:

The correct answer is $170,000.

Explanation:

According to the scenario, computation of the given data are as follows:

We can calculate the cost allocated to Marketing by using following formula:

Total cost allocated = Fixed cost + Variable cost

Where, Fixed cost = (3,600,000 ÷ 5,400,000) × $120,000

= $80,000

And , Variable cost = $0.025 × 3,600,000 = $90,000

By putting the value, we get

Total cost allocated = $80,000 + $90,000

= $170,000

7 0

3 years ago

Wang Company began operations on January 1, 2018, by issuing common stock for $70,000 cash. During 2018, Wang received $88,000 c

posledela

Answer:

Wang Company

Statement of financial position

Equity and liabilities

Issued share capital $70,000

Retained earnings $45,000

115,000

Assets

Non-Current assets

Fixed assets $22,000

Current assets

Cash in hand $93,000

$115,000

Wang company

Income statement

Net sales $88,000

Cost of sales $38,000

Gross margin $50,000

Less:admin expenses $5,000

Net Profit $45,0000

3 0

3 years ago

The Namibian government has assigned ownership rights of many endangered species to local communities, who have in turn sold hun

Alexxandr [17]

Answer:

These policies would not contribute at all to the preservation of threatened species. Species in danger of extinction, due to their small number, must be preserved from all human acts that limit their expansion, which is why in this sense any hunting authorization of these species is unfeasible.

Even if it is regulated so that the hunting of these species is carried out in a minimal and progressive way, any threat to an animal species in danger of extinction will be a setback in the measures aimed at its conservation.

6 0

3 years ago

Hank Itzek manufactures and sells homemade wine, and he wants to develop a standard cost per gallon. The following are required

Oxana [17]

Answer:

total $3.36

Explanation:

required for producing 50 gallons of wine:

2,400 ounces of grape concentrate at $0.01 per ounce = $24 / 50 = $0.48 x 1.04 = $0.50

54 pounds of granulated sugar at $0.50 per pound = $27 / 50 = $0.54 x 1.1 = $0.59

60 lemons at $0.80 each = $48 / 50 = $0.96 x 1.25 = $1.20

100 yeast tablets at $0.21 each = $21 / 50 = $0.42

100 nutrient tablets at $0.14 each = $14 / 50 = $0.28

3,700 ounces of water at $0.005 per ounce = $18.50 / 50 = $0.37

Hank estimates that 4% of the grape concentrate is wasted, 10% of the sugar is lost, and 25% of the lemons cannot be used.

total standard cost per gallon:

grape concentrate = $0.50
granulated sugar = $0.59
lemons = $1.20
yeast tablets = $0.42
nutrient tablets = $0.28
water = $0.37
total $3.36

3 0

3 years ago

What is the expected dividend to be paid in 3 years if yesterday's dividend was $6.00, dividends are expected to grow at a const

kirill [66]

Answer:

D3 = $7.146096 rounded off to $7.15

Explanation:

The dividend growth projected for the stock expects the stock to grow at a constant rate of 6% each year over an indefinite period of time. This means that the $6 dividend paid by the stock in the current year will grow by 6% every year over its life. Thus, the expected dividend to be paid in 3 years will be calculated as follows,

Lets say that the dividend just paid is D0. Thus, the dividend to be paid in 3 years will be D3. So, D3 will be calculated as follows,

D3 = D0 * (1+g)^3

D3 = 6 * (1+0.06)^3

D3 = $7.146096 rounded off to $7.15

5 0

3 years ago