1)The first, and original source is the money that was originally invested in the company.
2)Any additional investments made there after!
Have a Warm and Wonderful Day!!
C is the answer becaause if you do that then you get it
Answer:
Since the answer requires construction of a proforma income statement, please refer to the explanation section for the answer
Explanation:
The proforma invoice has been provided below. Sales have been increased by 18%. The question states that costs vary with sales therefore, the costs are kept at the same percentage of sales in the proforma. Costs as a percentage of sales in the question come out to 82%. Taxable income is Sales less Costs. Taxes are 22% of taxable income. Dividend payout ration is calculated by dividends paid divided by total income available to shareholders. Total income available to shareholders includes Net Income PLUS non cash charges (depreciation) MINUS Non Cash Sales. With the information given in the question, it is assumed that non cash charges and non cash sales are zero so the only income available to shareholders is the net income. Dividend payout in the question comes out to 35%.
Sales 57,820.00
Costs 47,554.00
Taxable Income 10,266.00
Taxes 2,258.52
Net Income 8,007.48
Dividend = Dividend payout ratio x Net Income: 0.35 x 8,007.48
So, Dividends = 2,832.00
Addition in Retained earnings = Net Income - Dividend = 8,007.48 - 2,832
So, Addition in Retained earnings = 5,175.48
Answer:
Unit product cost= $204
Explanation:
Giving the following information:
Number of units produced 10,700
Variable costs per unit:
Direct materials $108
Direct labor $51
Variable manufacturing overhead $7
Fixed manufacturing overhead $417,300
Under the absorption costing method, the unit product cost is calculated using the direct material, direct labor, and total unitary overhead.
First, we need to calculate the unitary fixed manufacturing overhead
unitary fixed manufacturing overhead = 417,300/10,700= $39 per unit
Unit product cost= 108 + 51 + 7 + 39= $204
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