Answer:
$71,500
Explanation:
Given that,
Preferred stock = 9,700 shares of $100 par value
Common stock outstanding = 38,800 of $1 par value
Total dividend declared and paid in 2018 worth of $120,000.
Firstly, we need to calculate the preferred stock dividend:
= 9,700 × $100 × 5%
= $48,500
Now, the amount of dividend available to common stockholder is determined by deducting the preferred stock dividend from the total dividend paid.
Amount of dividends received by the common stockholders in 2018:
= Total dividend paid -Preferred stock dividend
= $120,000 - $48,500
= $71,500
Answer:
C.) $490,000
Explanation:
The Cost of goods manufactured of $680,000 <u>plus</u> the Finished Goods beginning would give us the Cost of goods available for sale. Since there is no <em>Finished Goods beginning (0)</em>, The Cost of goods available for sale will then automatically be $680,000.
Then <u>deduct</u> the Finished Goods ending of $190,000. The result would give us $490,000 which is the Cost of Goods Sold.
<em>(680,000 - 190,000 = 490,000)</em>
Answer:
The correct is breakdown.
Explanation:
The sales forecast is the central part of the strategic planning process since it becomes the cornerstone of all the company's planning, budgeting and operational decision making. Sales managers care about five levels to calculate demand. Market capacity is the maximum amount of a product or service that the market could use regardless of the price of the product. The potential of the market is the largest possible sale in an entire industry of a product or service over a given period. The sales potential is the potential of the greater market share that a given company can expect to achieve. The sales forecast is the best estimate of the company's dollar or unit sales to be achieved during a given period under a proposed marketing plan. Sales quotas are the sales goals or objectives that are assigned to individual sellers or to the entire sales force.
Answer:
Please find the complete question in the attached file and its solution can be defined as follows:
Explanation:
The standard kgs permitted
Current production Standard cost permitted 
Variance of materials for expenditure 
Outlined various of materials 
Variability of additional channel 
Answer:
Labour rate variance
= (Standard rate - Actual rate) x Actual hours worked
= ($19 - $18) x 3,000 hours
= $3,000(U)
Actual rate = <u>Actual direct labour cost</u>
Actual direct labour hours worked
Actual rate = <u>$54,000</u>
3,000 hours
Actual rate = $18 per direct labour hour
Explanation:
Labour rate variance is the difference between standard rate and actual rate multiplied by actual direct labour hours worked. Actual direct labour hours worked is calculated as actual direct labour cost divided by actual direct labour hours worked.
