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3 years ago

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Divine Apparel has 4,000 shares of common stock outstanding. On October 1, the company declares a $0.75 per share dividend to st

ockholders of record on October 15. The dividend is paid on October 31. Record all transactions on the appropriate dates for cash dividends.

1 answer:

kipiarov [429]3 years ago

6 0

I got to think about this again. Come back. later!! X=22.15

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Differential Analysis for a Discontinued Product A condensed income statement by product line for Healthy Beverage Inc. indicate

Varvara68 [4.7K]

Answer:

Healthy Beverage Inc.

a) Differential Analysis

1) Continue Fruit Cola (Alt. 1)

Sales $12,750,000

Cost of goods sold 8,500,000

Gross profit $4,250,000

Operating expenses 6,000,000

Loss from operations ($1,750,000)

2) Discontinue Fruit Cola (Alt. 2)

Differential Effect on Income (Alternative 2):

Fixed costs:

Cost of goods sold $2,125,000

Operating expenses 900,000

Income (Loss) ($3,025,000)

b. Should Fruit Cola be retained ?

The production and sale of the Fruit Cola should be continued. Discontinuing it would not save the company the incurrence of the fixed cost.

Explanation:

Differential analysis is a managerial accounting technique for analyzing the different costs and benefits that would arise from alternative solutions to a particular problem.

In the above scenario, discontinuing the production and sale of Fruit Cola would not save the company the fixed costs, so the product should be continued. It is not the product that is causing the net loss but allocated fixed costs. Fixed cost is a sunk cost that is not relevant in differential analysis type of decision making.

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3 years ago

Emily jones, a junior design artist with a studio called eye for design, was known to be very good at her job. she had a lot of

Thepotemich [5.8K]

Answer:

Lack of growth

Explanation:

Emily jones, a junior design artist with a studio called eye for design, was known to be very good at her job. she had a lot of experience from working on numerous projects and she often mentored new employees successfully. she was paid well and her colleagues and peers, some of whom emily knew for four years, appreciated her helpful and lively nature. it came as a surprise to everyone when emily resigned after the recent round of annual appraisals. during her exit interview, emily said that the only reason that she was taking this move was because she had a strong feeling that she was stagnant in her career. her reason for leaving is the lack of growth in her job in this company.

A strong feeling of being stagnant is normally a sign that the growth process has been truncated., because Emily didnt seem to be learning anything new

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4 years ago

What effect might use of outdated or incorrect information have on a business?

Viefleur [7K]

Answer:

it could misslead or make there buisness fail

Explanation:

7 0

3 years ago

Millburn Corporation has acquired a property that included both land and a building for $ 510 comma 000. The corporation hired a

Sav [38]

Answer:

cost of land record = $206550

Explanation:

given data

market value of the land = $320000

market value of the building = $470000

acquired both land and building = $510000

to find out

amount should the corporation record the cost of land

solution

first we find market value to total assets that is

market value to total assets = market value of the land + market value of the building ......................1

put here value

market value to total assets = $320000 + $470000

market value to total assets = $790000

and

share of land in the total market that is

share of land in the total market = $\frac{market\ value\ of \ land}{total\ assets \ value}$ .......................2

put here value

share of land in the total market = $\frac{320000}{790000}$

share of land in the total market = 40.50 %

and

cost of land record = share of land in the total market × acquired both land and building .......................3

put here value

cost of land record = $510000 × 40.50%

cost of land record = $206550

8 0

3 years ago

Petrus Framing's cost formula for its supplies cost is $1,730 per month plus $11 per frame. For the month of March, the company

Stells [14]

Answer:

-$55 U

Explanation:

For computation of activity variance for supplies cost in March first we need to find the budgeted activity of standard supplies cost and actual activity of standard supplies cost is shown below:-

Budgeted activity of standard supplies cost = Supplies cost + Per frame cost × budgeted Activity frames

= $1,730 + $11 × 613

= $1,730 + $6,743

= $8,473

Actual activity of Standard supplies cost = Supplies cost + Per frame cost × Actual activity frames

= $1,730 + $11 × 618

= $1,730 + $6,798

= $8,528

So, activity variance for supplies cost = Budgeted activity of standard supplied cost - Actual activity of Standard supplies cost

= $8,473 - $8,528

= -$55

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3 years ago