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Evgesh-ka [11]
3 years ago
6

Willow Wanderer Cameras Inc. reported the following results for the year ending October 31, 20Y9: Retained earnings, November 1,

20Y8 $2,269,000 Net income 680,700 Cash dividends declared 50,000 Stock dividends declared 127,000
Prepare a retained earnings statement for the fiscal year ended October 31, 20Y9.
Business
1 answer:
ANTONII [103]3 years ago
3 0

Answer:

The statement would be:

Date: October 31, 2019

Net Income                $680,700

Cash dividends           $50,000

Stock dividends         $127,000

Retained earnings     $503,700

The retained earnings are equal to the sum of declared dividends substracted  from the net income.

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Clonex Labs, Inc., uses a process costing system. The following data are available for one department for October:
Alex73 [517]

Answer:

Equivalent units of Production = 46500 & 37800

Explanation:

At the start of October, Clonex Labs inc, started with 385000 units into production and at the end of the month it had completed 409000 units this means the difference between 409000 and 385000 is the number of units transferred to the next department (i.e 24000), now that we have computed this, we find ending work-in-process as follows:

Clonex Labs, Inc.                                           Materials   Conversion

Units transferred to the next department:    24000        24,000

Ending work in process :

Materials : 30000x75%                                  22500

Conversion : 30000x46%                                                    13800

                                                                      -------------        -------------

Equivalent units of Production =                    46500           37800            

                                                                     =========        ========  

3 0
3 years ago
The cost of equity is: Group of answer choices equal to the amount of asset turnover the weighted average cost of capital the in
san4es73 [151]

Answer:

the rate of return required by investors to incentivize them to invest in a company

Explanation:

In finance, the cost of equity is the Cost of Equity is the rate of return which an organization pays those that invested in equity. The organization uses cost of equity to check how attractive investments are.

It can be calculated by using the CAPM which is Capital Asset Pricing Model

6 0
3 years ago
Government regulations that prevent two firms from merging to become a monopoly address which type of market failure?
Kitty [74]
Market power because it is the ability of a firm to set on price of goods ( when both firms merges to have power over market
4 0
2 years ago
An HR manager trying to recruit for a number of key positions in a firm asks the best talent to recommend the best employees the
Natali [406]

Answer:

school buses are yellow

Explanation:

8 0
3 years ago
Pretty Lady Cosmetic Products has an average production process time of 40 days. Finished goods are kept on hand for an average
Yuki888 [10]

Based on the production process time, the days finished goods are kept on hand and others, the operating cycle would be 50 days.  

<h3>What is the operating cycle?
</h3>

The operating cycle can be found as:

= Average production time + Finished goods holding period + Accounts receivable outstanding period - Days of credit

Solving gives:

= 40 + 15 + 35 - 40

= 50 days

Find out more on operating cycle at brainly.com/question/26482515.

6 0
2 years ago
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