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vampirchik [111]
3 years ago
14

Precision Camera Services started the year with total assets of $80,000 and total liabilities of $40,000. The revenues and the e

xpenses for the year amounted to $140,000 and $60,000​, respectively. During the​ year, the company did not issue any common​ stock, but it distributed dividends of $55,000. What is the amount of​ stockholders' equity at the end of the​ year?
Business
1 answer:
Alexeev081 [22]3 years ago
8 0

Answer:

$65,000

Explanation:

Stockholder's equity is the net value of a company's asset. It is the remaining value of a company asset after adjusting for retained earnings and liabilities.  

For Precision Camera Services.

Current year additions to stakeholder equity will be the retained earnings.

Retained earning is revenues- expenses - dividends paid out  

=$140,000 - $60,000 - $55,000

=$25,000                

 

Stockholders equity : Assets + retained earning - liabilities

=$80,000 + $25,000 - $40,000

=$105,000- $40,000

=$65,000

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The manufacturing costs of Mocha Industries for three months of the year are as follows: Total Cost Production April $60,226 1,3
Anton [14]

Answer:

Variable cost per unit = $4.60

Explanation:

To calculate the element of variable cost in a mix cost using high-low method, we need to take the cost of the highest activity level and subtract the cost of the lowest activity level from it and divide the answer by the difference between the highest and the lowest activity levels.

<u>High-low method</u>

  • Variable cost per unit = (Highest Activity Cost - Lowest Activity Cost) / (Highest Activity Units - Lowest Activity Units)

  • Variable cost per unit = (66436 - 60226) / (2660 - 1310) = $4.60 per unit
3 0
4 years ago
The total factory overhead for Big Light Company is budgeted for the year at $403,750. Big Light manufactures two different prod
Nataliya [291]

Answer:

a. Total number of budgeted direct labor hours for the year = Direct labor hours for night lights + Direct labor hours for desk lamps

= 30,000*1/2 + 40,000*2

= 15,000 + 80,000

= 95,000 hours

b. Single plant-wide factory overhead rate using direct labor hours = Budgeted factory overhead / Budgeted factory hours

= $403,750 / 95,000 hours

= $4.25 per hour

c. Per unit factory overhead = Number of hours required to complete one unit * Factory overhead rate per hour

<u />

<u>Night light</u>

Per unit factory overhead = 0.5 * 4.25

Per unit factory overhead = $2.125 per unit

<u>Desk lamp</u>

Per unit factory overhead = 2 * 4.25

Per unit factory overhead = $8.50 per unit

5 0
3 years ago
In which workplace can Diagnostics Services workers be found?
dalvyx [7]
I think the answer is D
3 0
3 years ago
What is the approximate future value of $1,000 compounded at 10% interest (end of period) over a three-year period
Ahat [919]

The future value for annuity is $3030.

<h3>What is future value of an annuity?</h3>

The worth of a series of recurrent payments at a specific future date, assuming a specific rate of return, and discount rate, is the future value of the annuity. The future value of the annuity increases with the discount rate.

Some key features of future value of annuity are-

  • A approach to determine how much money a stream of payments will be worth at some future date is to determine future value of an annuity.
  • A present value of an annuity, on the other hand, calculates how much cash will be needed to provide a series of future payments.
  • Payments are made in a typical annuity at the conclusion of each predetermined time frame.
  • Payments are made at the start of each period in an annuity payable.

The formula for future value of annuity are-

F.V = P×\frac{\left((1+r)^{n}-1\right)}{r}

F.V = future value of annuity

P = Initial deposit; $1,000

r = rate of interest; 10%

Substitute the given values in the formula;

F.V = 1,000×\frac{\left((1+0.01)^{3}-1\right)}{0.01}

     = 1,000×3.03

F.V = 3030

Therefore, the future value of the annuity of the deposited amount of $1,000 is $3030.

To know more about future value of annuity, here

brainly.com/question/14702616

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5 0
2 years ago
In this situation, the male employees are individual members of an organization that are engaged in a conflict because of their
N76 [4]

Answer:

<u>Interpersonal </u>

Explanation:

When a conflict arises between individual members of an organization owing to differences in goals and values, such a conflict is referred to as interpersonal conflict.

As the word interpersonal suggests, inter i.e between and personal i.e person to person conflict, interpersonal conflict arises when the goals and values of individuals differ owing to which disagreements arise.

Goals and values may differ owing to several factors. Individual values are an outcome of an individuals own conscience and judgement apart from the society, an individual belongs to.

Such a situation is undesirable as it disrupts the coordination among employees and at the same time creates an atmosphere which is non conducive.

8 0
4 years ago
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