Answer:
$36,000
Explanation:
Given that,
Beginning retained earnings = $22,000
Beginning Common Stock account = $30,000
Net income = $24,000
Dividend declared and paid = $10,000
Ending retained earnings:
= Beginning retained earnings + Net income - Dividends paid
= $22,000 + $24,000 - $10,000
= $36,000
Therefore, the amount of its retained earnings at the end of the year would be $36,000.
Answer: See explanation
Explanation:
1. The return on investment for Osaka will be:
= (816000/10200000) × (10200000 × 2550000)
= 32%
The return on investment for Yokohama will be:
= (3200000/32000000) × (32000000/16000000)
= 20%
2. See attachment
3. Yokohama’s greater amount of residual income is not an indication that it is better managed. Since Yokohama Division is bigger than Osaka Division, it's expected that Yokohama will have a greater residual amount.
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Answer,:
increase in operating income by $840,000
Explanation:
The computation is shown below:
Offer price per unit $60
Less: Variable costs per unit:
Direct materials ($20)
Direct labor ($14)
Variable overhead ($12)
Variable selling $0
Incremental profit per unit (a) $14
Units offered to sell (b) 60,000
Effect on Operating Income (Increase) (a × b) $840,000
Therefore, in the case when the special order is accepted, the effect on operating income would be increase by $840,000