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kirza4 [7]
3 years ago
6

Consider the following cost items:

Business
1 answer:
UNO [17]3 years ago
3 0

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

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In the first three years of operations, Lindsey Corporation reported net income(loss) of $(150,000), $100,000, and $250,000. At
Dmitriy789 [7]

Answer:

$80,000

Explanation:

The calculation of the total amount of dividend for three years is given below

= Net loss for first-year - net income for the second year + net income for the third year - ending retained earning balance

= -$150,000 + $100,000 + $250,000 - $120,000

= $200,000 - $120,000

= $80,000

And,

As we know,  

The ending balance of retained earning = Beginning balance of retained earnings + net income - cash dividend paid

So, we used the same formula to compute the dividend amount

3 0
3 years ago
Joe was tired of working for other people. He had an idea to start his own ice cream business and wanted to set it up where he a
d1i1m1o1n [39]

Answer:

Authority - Responsibility Balance & Incentive Development.

Explanation:

Authority refers to the power to command, give orders to somebody. And enjoying the position of having right to get it obeyed.

Responsibility refers to being in a position of accountability, answerability for an allocated task or job & its performance.

For Eg : A manager  given responsibility to complete a task of production targets achievement, is also given authority to command the entire staff at the production site.

Joe had problem while working for someone else that :- he had responsibility to complete employers allocated task, but may be not given enough authority to do so, thats why he felt he is being 'commanded by, working for' someone else. Also, he doesn't owe the rewards of his acts, so lacks incentive.

Being an entrepreneur will entitle him with managerial responsibilities, but at the same time will also give him higher authority to take his own independent decisions. And, he is himself responsible for his acts, will bear losses or enjoy profits for himself. So, it also incentivises him to work for himself.

8 0
3 years ago
Who manages Woolworths
Rasek [7]

Answer:

Christie Koorts the Chief Information Officer, Justin Crowhurst the Chief Financial Officer Woolworths, and Charmaine Huet the Chief Marketing Officer.

8 0
2 years ago
Which of the following statements is false?
REY [17]

Answer:

Which of the following statements is false?

a. Actual overhead costs always enter the Work-in-Process account.

Explanation:

a. Actual overhead costs always enter the Work-in-Process account.

A normal job-order costing system is a system that uses: Actual costs for direct materials and direct labor and estimated costs for overhead. Actual overhead costs are not assigned directly to jobs

b. The use of normal costing means that overhead is applied to each job using a predetermined rate.

The cost of a job includes direct materials, direct labor, and applied overhead. The use of normal costing means that overhead is applied to each job using a predetermined rate.

c. Indirect labor is assigned as a part of overhead.

Since direct materials and direct labor are usually considered to be the only costs that directly apply to a unit of production, manufacturing overhead is (by default) all of the indirect costs of a factory. Manufacturing overhead does not include any of the selling or administrative functions of a business

6 0
3 years ago
What is the anser to -2+1=
Serhud [2]

Answer: -1

Explanation: Maffs

5 0
2 years ago
Read 2 more answers
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