Your evaluation is Egocentric - limited to your own egoic perspective and without consideration of the experiences and understanding of others (which may be very different)
Answer: a) true
Explanation:
The costs incurred to produce the intermediate products have already been incurred and as such are referred to as sunk costs.
They will not change regardless of whether the good is sold before further processing or if it is sold after. They therefore do not matter in the decision to either process or sell and so are not considered.
Answer:
See explanation section
Explanation:
When we need to close accounts, we close the income and expenses accounts. The reason to close those accounts is that those are temporary accounts. Drawings and dividends are also temporary as those accounts have to be settled through capital and retained earnings balance. Therefore,
We will close the entries to income summary are -
D. Depreciation Expense
E. Fees Earned
J. Supplies Expense
L. Wages expense.
The entry to close against a capital account is Drawings. Therefore, Jackie Lindsay, Drawing should be closed.
Answer:
You may not have the experience, you may not meet their requirements, unsuitable personality, dont have the skills
Explanation:
Hope this helps
Answer:
Forecasted Dividend Pay-out Ratio = 47.37%
Explanation:
Capital Budget = $625,000
Net Income = $475,000
Equity Ratio = 40%
Dividend to be paid = Net Income – Equity Ratio*Capital budget
Dividend to be paid =475000 – 40%*675000 = $225,000
therefore, we have that the fortecast dividend pay-out ratio will be given by:
Forecasted Dividend Pay-out Ratio = Dividend to be paid/Net Income
Forecasted Dividend Pay-out Ratio = 225000/475000
Forecasted Dividend Pay-out Ratio = 47.368% or 47.37%
