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natta225 [31]
3 years ago
8

Mango Company applies overhead based on direct labor costs. For the current year, Mango Company estimated total overhead costs t

o be $300,000, and direct labor costs to be $150,000. Actual overhead costs for the year totaled $330,000, and actual direct labor costs totaled $170,000. At year-end, Factory Overhead account is:
Business
1 answer:
marishachu [46]3 years ago
8 0
Cool 56 jack mppphtt
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You are considering opening a small flower store. You anticipate that you will earn $100,000 each year in revenue. It will cost
Anarel [89]

Answer and Explanation:

The computation of the economic profit is shown below:

Economic profit = Revenue from flower shop - costs of a flower shop - salary of the job

= $100,000 - ($30,000 - $10,000) - $70,000

= -$10,000

As there is an economic loss so you should not open the flower store

Therefore the same would be considered

8 0
3 years ago
The 2019 balance sheet of Dyrdek’s Skate Shop, Inc., showed $530,000 in the common stock account and $2.3 million in the additio
Tju [1.3M]

Answer:

$80,000

Explanation:

The  \ expression \  for \  calculating \  cash  \ flow  \ to  \ stockholders \ is:

Cashflow  \ = \  Dividend  \ paid  \ during \  the \  year  \ -  \ change  \ in  \ t he \  value  \ of \  common  \ stock  \ during \  -  \ change \ in \ value \  of \ stock \ in \ the  \ previous \  yearHere;

Change \  in \  value  \ of \  Common  \ stock \ during  \ the  \ year \ = \ Value \ of \  Common \ stock \  of  \ the  \ Curren t \ Year -  Value\  of  \ Common  \ stock  \ of  \ the \ Previous \  Year

Change   \ in  \ valu e \  of  \ Additional \  paid  \ in  \ surplus \  account \  during  \ the \  year =

Value  \ of  \ Additional \ paid  \ in \  surplus \ account \ o f \  the  \ Current \  Year \ - \ Value \  of \ Additional \  paid  \ in \ surplus \  account \  of \ th e \ Previous \  Year

From the information given:

Dividend \ Payment  \ during \  the \  year 2020 = $320000

Value \  of  \ stock \  in \  current  \ yr= i.e. 2020 = $570000

Value \ of \ stock \ in \ previoius \ yr = i.e. 2019 = $530000

Change = $570000 - $530000 = $40,000

Value  \ of \  Ad ditional \  paid-in  \ surplus   \  acct  \ of    \ the  \ current  \ year = $2,500,000

Value  \ of \  Ad ditional \  paid-in  \ surplus   \  acct  \ of    \ the  \ previous  \ year = $2,300,000

Change = $2,500,000 - $2,300,000  = $ 200000

∴

By  \ using \  the  \ above \  information \ in \  the \  formula  \ for  \ calculating  \ the  \ cash  \ flow \ to

\ stackholder, \  we \ get:

= $320000 - $40,000 - $ 200000

= $80,000

4 0
3 years ago
Explain and give an example of any three of the following: good, service, free good, nuisance good, economic good, economic serv
Lapatulllka [165]

Answer: The answer is as follows:

Explanation:

1. Good : Goods refers to an item or material that can be used by the consumer to satisfy their wants and it is tangible in nature. For example; mobile phone, pen, pencil, etc.

2. Service: Service is intangible in nature. Service is provided by the other person which includes medical services by doctors, travelling services, etc.

3. Free good: A free good is a good that is available at a zero price and a good that is not scarce in quantity. For example; ideas, web page, sunlight, etc.

4 0
4 years ago
Panmar Inc. is preparing a statement of stockholders' equity for 2014. On January 1, 2014, Panmar started the year with a $200,0
OLEGan [10]
Can you dm me for the answer I’m not home rn I’m trying to help out a lot of people
7 0
4 years ago
EFT, Inc. wants to empower and engage its employees. They have several teams consisting of highly skilled employees and no one p
notsponge [240]

Answer: shared leadership

Explanation:

Shared leadership occurs when the employees in a company lead each in order to achieve a successful outcome.

In shared leadership, the team environment relies on a shared voice and purpose. In shared leadership, the human resources in the company are maximized by empowering the employee and then giving them an opportunity to take up leadership positions.

Shared leadership are most effective when organizations are utilizing teams to achieve organizational objectives.

5 0
3 years ago
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