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g100num [7]
3 years ago
15

Copper Manufacturing has prepared the following monthly flexible manufacturing overhead budget for its Mixing Department:

Business
1 answer:
Inessa05 [86]3 years ago
3 0

Answer:

Factory supplies 4,500 6,000

Total variable 22,500 30,000

Fixed costs

Depreciation 20,000 20,000

Supervision 12,000 12,000

Property taxes 15,000 15,000

Total fixed 47,000 47,000

Total costs $69,500 $77,000

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A company's board of directors votes to declare a cash dividend of $1.00 per share of common stock. The company has 20,000 share
matrenka [14]

Answer:

$14,500

Explanation:

From the above, the below details are given;

Authorized share capital , which represent maximum number of shares that a company is allowed to issue.

Issued shares, which is the number of shares issued by a company including shares purchased and backed by a company(treasury stock).

There is also outstanding shares which is treasury stock less issued shares.

We do also know that treasury stock does not have any right of dividend because the shares are held by the company hence cannot pay dividend to itself.

Therefore, the total amount of the cash dividend is = 14,500 × $1.00

= $14,500

7 0
4 years ago
On January 1, 2021, Tru Fashions Corporation awarded restricted stock units (RSUs) representing 5 million of its $1 par common s
aliina [53]

Answer:

Check the explanation

Explanation:

Journal entries (figures in million)

s.no             Particulars                                          Debit     Credit

2            No entry on grant date  

 

3         Compensation expenses (45/3)                  15  

            paid in capital-restricted stock                                  15

 

4          Compensation expenses                            15  

            paid in capital-restricted stock                                   15

 

5          Compensation expenses                           15  

            paid in capital-restricted stock                                    15

 

6        paid in capital-restricted stock                    45  

            common stock                                                                5

            paid in capital -excess of par                                       40

4 0
4 years ago
Net Income of $10,000,000 Increase in Accounts Payable of $800,000 Increase in Accounts Receivable of $600,000 Depreciation of $
Viefleur [7K]

Answer:

Cash flow generated from operating activities <em>12,010,000</em>

Explanation:

10,000.000

+1,600,000

Adjusted Net Income 11,600,000

↑AR -600,000

↓Inventory 100,000

↑AP   800,000

Change in working capial 300,000

Other adjustment 110,000

Cash flow generated from operating activities 12,010,000

4 0
4 years ago
A random telephone survey of 1052 adults (aged 18 and older) was conducted by opinion research corporation on behalf of complete
vredina [299]

Answer: See explanation

Explanation:

Your question isn't complete but here is it.

a. Develop a descriptive statistics that can be used to estimate the percentage of all taxpayers who file electronically.

This will be:

= 649/1052 × 100%

= 61.69%

b. The survey reported that the most frequently used method for preparing the tax return is to hire an accountant. If 60% of the people have their tax return prepared this way, how many people used an accountant?

This will be:

= 60% × 1052

= 60/100 × 1052

= 0.6 × 1052

= 631.2

= 631 people

3 0
3 years ago
What are two methods employers may offer to pay employee wages?
Assoli18 [71]
<span>Employers can pay hourly, which is the typical way most employees are paid. In addition, they can pay as a salary, which is a set amount of money for a number of stipulated hours worked, usually agreed to in a contract at the time of hire. Third, and less commonly, commissions can be earned by the employee based upon achieving a certain agreed-upon sales goal.</span>
3 0
3 years ago
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