Answer: $45 per machine hour
Explanation:
Company uses machine hours as its overhead allocation base and there were 106,000 machine hours planned.
The overheads are $3,800,000 for indirect labor and $970,000 for factory utilities.
The rate will therefore be;
= Total Overhead / Machine hours
= (3,800,000 + 970,000) / 106,000
= $45 per machine hour
Answer:
The land should be reported in the financial statements at $41,500
Explanation:
The company will report the asset value in the financial statements as their original purchase price of $40,300. Under Historical cost principle, the price of an asset on the balance sheet is always based on the original cost when the company purchased the asset. It follows the Generally Accepted Accounting Principles (GAAP) which is widely accepted. Therefore the land is reported in the financial statements at its purchase value of $41,500
The answer is:
B. They must establish a fair labor market.
D. They must open up trade to other countries
In mixed-market economy, both government and the private sectors play equally important roles in managing/regulating the economy.
Establishing fair labor market is being done in order to prevent the private sectors from abusing their workers. Opening trade to other countries is being done by the government sectors through mutually beneficial foreign policies which will improve our total exports.
A cash dividend is a payment made from the corporation's current earnings or accumulated profits to stockholders in general.
<h3>What is Cash dividend?</h3>
A cash dividend is a payment made from the corporation's current earnings or accumulated profits to stockholders in general. Instead of being distributed as a stock dividend or another kind of value, cash dividends are paid in cash.
Typically referred to as dividends, cash dividends are a distribution of a corporation's net income. Dividends are comparable to the draws and withdrawals made by a solo proprietor. The income statements will not include the withdrawals and dividends because they are not expenses.
You must have the stock in your demat account on the record date of the dividend issue in order to be eligible for dividends. To ensure that the stocks are delivered to your demat account by the record date, you should have purchased the stock at least one day before the ex-date.
Hence, The last day to purchase the stock and receive the dividend is 2 business days prior to record date or the 18th. Ex date - or the very first day the stock trades without the value of the dividend - is the 19th.
To learn more about Cash dividend refer to:
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