When purchasing fish you should look for slick and moist skin to indicate that it is fresh enough to buy. True or False.

Odessa Corporation had 20,000 shares of $2 par value common stock outstanding on July 1. On that day, the board of directors dec

Nataly [62]

Answer:

Debit Retained earnings $18,000

Credit Common stock $4,000

Credit paid in capital in excess of par value common stock $14,000

(To record declaration of 10% stock dividend)

Explanation:

The overall effect this declaration would has on the retained earnings would be determined using the current market value, meanwhile the effect on common stock would determined using the par value.

The appropriate entries above were determined by:

Stock dividend declared = 10% x 20,000 units x $9 = $18,000

The effect on common stock will be = 10% x 20,000 unit x $2 = $4,000

So, paid in capital in excess of par value common stock is $18,000 - $4,000 = $14,000.

3 0

3 years ago

If Preble had purchased 188,000 pounds of materials at $7.20 per pound and used 170,000 pounds in production, what would be the

Vesna [10]

f Preble had purchased 188,000 pounds of materials at $7.20 per pound and used 170,000 pounds in production, what would be the materials quantity variance for March?

Standard cost

Direct Material: 6 pounds at $8 per pound 48

Direct labour :4 hours at $13 per hour 52

Variable overhead 4 hours at $5 per hour 20

The planning budget for for March is to produce and sell 20,000 units but the However during March the company actually produce 25,500 units

Answer:

Material quantity Variance =$122,400 unfavorable

Explanation:

Material quantity variance occurs when the actual quantity used to achieved a given level of output is more or less than the standard quantity.

It is determined by the difference between the actual and standard quantity of material for the actual level of output multiplied by the the standard price

Pounds

25,500 should have used (25,500× 6) 153,000

but did use 170,000

Quantity variance 17,000

Standard price × $7.20

Material quantity Variance $122,400 unfavorable

Material quantity Variance =$122,400

6 0

4 years ago

In a department meeting, Jamira engages in a thoughtful dissent aimed at constructively challenging her manager, Shivana, to ret

kvasek [131]

Answer:

The correct answer is a) Constructive resistance.

Explanation:

Constructive Resistance is the ability of structural elements to withstand the efforts to which they are subjected without breaking. It depends on many factors among which the material used, its geometry and the type of union between the elements stand out.

6 0

3 years ago

Crystal Glass recently paid $3.60 as an annual dividend. Future dividends are projected at $3.80, $4.10, and $4.25 over the next

Elina [12.6K]

Answer:

share price today = $42.92

Explanation:

given data

annual dividend paid = $3.60

dividends = $3.80

dividends = $4.10

dividends = $4.25

dividend increase = 3.25 percent annually

discount rate = 12.5 percent

solution

we find here horizon value that is express as

horizon value P1= $\frac{4.25*(1+0.0325)}{0.125-0.0325}$

horizon value P1 = $47.44

so share price today will be

share price today = $\frac{D1}{(1+0.125)^1} +\frac{D2}{(1+0.125)^2} +\frac{Horizon value}{(1+0.125)^3}$

share price today P2 = $\frac{3.80}{(1+0.125)^1} +\frac{4.10}{(1+0.125)^2} +\frac{4.25-47.44}{(1+0.125)^3}$

share price today = $42.92

5 0

3 years ago

Caterpillar is a manufacturer of heavy machinery that is sold around the world. A growing business for this U.S.-based company a

liq [111]

Answer:

licensing

Explanation:

Licensing is another great source of income for big companies. Usually, it involves a legally binding agreement in which the bigger company (Licensor) grants the smaller company (Licensee) the right to use the licensor’s company's name or logo for an agreed fee.

Thus, Caterpillar could be said to have licensing agreements in over 150 countries.

8 0

3 years ago