Answer:
b. Dividends and a credit to Dividends Payable for $824,000
Explanation:
Dividends payable = 2,060,000 shares * $0.40 per share = $824,000
Journal entry on February 16
Dividends $824,000
Dividends payable $824,000
Answer:
the direct material quantity variance is $5,000 favorable
Explanation:
The computation of the direct material quantity variance is shown below:
Direct material quantity variance is
= (Actual quantity - standard quantity) × standard price
= (9,200 pounds - 5,100 units × 2 pounds) × $5 per pound
= (9,200 pounds - 10,200 pounds) × $5 per pound
= $5,000 favorable
hence, the direct material quantity variance is $5,000 favorable
After having consumed electricity and producing carbon dioxide, I made up for it by buying Carbon Offsets.
Answer:C
Explanation: this quantity is allocatively inefficient because the marginal cost of producing the last lawnmower exceeds the marginal benefit to consumers.
Losses from <u>transaction</u> exposure generally reduce taxable income in the year they are realized. <u>Operating </u>exposure losses may reduce taxes over a series of years.
Transaction exposure is the extent of uncertainty companies concerned in international exchange face. Specifically, it's far the chance that currency exchange quotes will fluctuate after a company has already undertaken a financial duty.
Taxable income is the part of your gross income that the IRS deems a problem with taxes. It includes each earned and unearned profit. Taxable earnings are normally less than adjusted gross income because of deductions that reduce it.
Gross profits consist of all income you obtain that is not explicitly exempt from taxation below the Internal Sales Code (IRC). Taxable profits are the portion of your gross earnings that's sincerely a problem with taxation. Deductions are subtracted from gross profits to reach your amount of taxable earnings.
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