Answer:
The cash flow saving will be of $1,274 considering the taxeslanation:
Answer: C. escalation of commitment
Explanation:
Escalation of commitment bias refers to a situation where an entity continues to invest resources in an endevor that is not working out which means it is not contributing any value but is still being invested in.
The Town Council can see what has happened to the town and how their restaurants have suffered. The project has also stalled and yet they keep pushing it on. They are committed to an endevor that is not working out so this is an escalation of commitment bias.
Answer: $6.10 per direct labor hour
Explanation:
Predetermined shop overhead rate = Estimated Overhead costs / Estimated Direct labor hours
Estimated overhead costs:
= Shop and repair equipment depreciation + Shop supervisor salaries + Shop property taxes + Shop supplies
= 37,900 + 105,300 + 19,100 + 14,600
= $176,900
Estimated direct labor hours
= Shop direct labor / Average Direct labor rate
= 406,000 / 14
= 29,000 hours
Predetermined shop overhead rate = 176,900 / 29,000
= $6.10 per direct labor hour
Answer:
$5.50 dividend per share to common stock
Explanation:
In case a company has cumulative preference shares then the company has to pay preference dividend in arrears
Here, preference dividend was not paid in the year 2017
Preference dividend for 2017 = 500
$100
4%
= $2,000
Since the dividend is paid in between the year 2018, dividend is paid for the year 2017 and not for 2018 thus preference dividend is for a year, only for 2017
Therefore, dividend to common equity = $35,000 - $2,000 = $33,000
Dividend per share = $33,000/6,000 = $5.50 per share
Answer:
The correct answer is C.
Explanation:
In the inventory of a company, when it is on the balance sheet date, goods in transit purchased at an f.o.b. shipping point must be included.
Goods in transit are goods that are not physically in the warehouse but have already been paid for by the company. This already acquired merchandise is property of the company, only that its arrival is only waited for to the deposit.
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