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3 years ago

7

Lisa owns stock in Company ABC. Company ABC sent out an earnings report and gave each of the stockholders an amount of money bas

ed on how much stock they owned. This is a _____.
capital gain

dividend

commission

tip

2 answers:

Paraphin [41]3 years ago

5 0

Answer:

b

Explanation:

VikaD [51]3 years ago

3 0

Dividend means that a company is how much a company pays of its profits to shareholders or investors.

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Sykora, Inc., which uses a predetermined overhead rate based on direct labor hours, estimated total overhead for the year to be

bekas [8.4K]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Sykora, Inc., which uses a predetermined overhead rate based on direct labor hours, estimated total overhead for the year to be $12,000,000 and total direct labor hours to be 320,000 hours.

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 12,000,000/320,000= $37.5 per direct labor hour

In April, Sykora incurred actual overhead costs of $1,050,000 and used 30,000 hours.

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 37.5*30,000= $1,125,000

Over/under allocation= real MOH - allocated MOH

Over/under allocation= 1,050,000 - 1,125,000= 75,000 overallocated

6 0

3 years ago

Jamie works as a salesperson at a car dealership. He takes his sales very seriously. After selling a car to a customer, he waits

Alika [10]

Answer:

cognitive dissonance

Explanation:

Cognitive dissonance -

It is a type of mental stress which is felt by a person , who have two or more contradictory ideas or beliefs regarding any action , is known as cognitive dissonance .

This problem increases due to any new idea or new approach .

hence , from the question , Jamie , being a good salesperson , after selling the car , wait at least for a week and then call the customer to to insure them for their good decision .

Hence , Jamie is trying to reduce cognitive dissonance .

7 0

3 years ago

Assume that a 10-year Treasury bond has a 12% annual coupon, while a 15-year T-bond has an 8% annual coupon. Assume also that th

Lady bird [3.3K]

Answer:

A)If interest rates decline, the prices of both bonds will increase, but the 15-year bond would have a larger percentage increase in price.

TRUE

As it has more time to maturity it will have a higher time expose to the rate therefore, will be more volatile against the rate fluctuations

Explanation:

The 10-year ond is issued at premium, above par as the coupon rate 12% is higher than market rate 10%. Each year will decrease the market value to come closer to maturity date.

The 15-year ond is issued at discount, below par as the coupon rate 8% is lower than market rate 10%. Each year will increase the market value to come closer to maturity date.

3 0

3 years ago

The following transactions apply to Ozark Sales for 2016:

-Dominant- [34]

Answer and Explanation:

The preparation of the income statement for 2016 is shown below:-

OZARK SALES

Income Statement

For the Year Ended December 31, 2016

Sales revenue $510,000

Cost of goods sold $330,000

Gross margin $180,000

Expenses

Operating expenses $78,000

Warranty expenses $10,200

Total operating expenses $88,200

Operating income $91800

Interest expense $667

Net income $91133

b. The preparation of balance sheet for 2016 is shown below:-

OZARK SALES

Balance Sheet

As of December 31, 2016

Assets

Cash $284,600

Merchandise inventory $50,000

Total assets $334,600

Liabilities

Accounts payable $130,000

Sales tax payable $8,800

Notes payable $50,000

Warranties payable $4,000

Interest payable $667

Total liabilities $193,467

Here, we added all liabilities to reach the total liabilities

Stockholders' equity

Common stock $50,000

Retained earnings $91,133

Total stockholders' equity $14,1133

Total liabilities and stockholders'

equity $334,600

c. The Preparation of statement of cash flow is shown below:-

OZARK SALES

Statement of Cash Flows

For the Year Ended December 31, 2016

Cash flows from operating activities:

Inflow from customers $510,000

Inflow from sales tax $40,800

Outflow for expenses -$84,200

Outflow for sales tax -$32,000

Outflow to purchase inventory -$250000

Net cash flow from operating activities $184,600

Cash flows from investing activities

Cash flows from financing activities:

Inflow from loan $50,000

Inflow from stock issue $50,000

Net cash flows from financing activities $100,000

Net change in cash $284,600

Plus: Beginning cash balance 0

Ending cash balance $284,600

5 0

3 years ago

Whirly Corporation’s contribution format income statement for the most recent month is shown below: Total Per Unit Sales (10,000

ivann1987 [24]

Answer:

See explanation section.

Explanation:

Requirement 1

New sales volume after increasing 100 units = (10,000 + 100) = 10,100 units. The revised net operating income is calculated as follows

Whirly Corporation’s

Contribution format income statement

For the year ended December 31 20YY

Sales Revenue (10,100 × 35) = 353,500 (Note - 1)

Less: Variable expense (10,100 × 20) = 202,000 (Note - 2)

Contribution Margin = $151,500

Less: Fixed Expense $135,000

Net Operating Income $16,500

Note 1: Sale price per unit $350,000 ÷ 10,000 = $35

Note 2: Variable expense per unit $200,000 ÷ 10,000 = $20

Requirement 2

From requirement 1 we get,

Sale price per unit = $35

Variable expense per unit = $20

New sales volume after decreasing 100 units = (10,000 - 100) = 9,900 units. The revised net operating income is calculated as follows

Whirly Corporation’s

Contribution format income statement

For the year ended December 31 20YY

Sales Revenue (9,900 × 35) = 346,500

Less: Variable expense (9,900 × 20) = 198,000

Contribution Margin = $148,500

Less: Fixed Expense $135,000

Net Operating Income $13,500

Requirement 3

From requirement 1 we get

Sale price per unit = $35

Variable expense per unit = $20

If the sales volume is 9,000 units, the revised net operating income is calculated as follows

Whirly Corporation’s

Contribution format income statement

For the year ended December 31 20YY

Sales Revenue (9,000 × 35) = $315,000

Less: Variable expense (9,000 × 20) = $180,000

Contribution Margin = $135,000

Less: Fixed Expense $135,000

Net Operating Income $0

If the company sells 9000 units, there will be no loss, no profit.

8 0

3 years ago