Answer:
$124,000 is the correct answer if we use 6% which is the correct question scenario. If we take 7% then its
Explanation:
The cash dividend announced is $160,000. Remember the first payment goes to preferred shareholders and then the amount left would be distributed among the ordinary shareholders.
The dividend share of Preferred shareholders = 6000 shares * $100 par value * 6% fixed rate = $36,000
After deducting this amount from the dividend announce will go to ordinary shareholders and is calculated as under:
Share of Dividend of ordinary shareholders = $160,000 - $36,000
= $124,000
Similarly if we use 7% fixed rate, then
The dividend share of Preferred shareholders = 6000 shares * $100 par value * 7% fixed rate = $42,000
After deducting this amount from the dividend announce will go to ordinary shareholders and is calculated as under:
Share of Dividend of ordinary shareholders = $160,000 - $42,000
= $124,000
Salary. That is a paycheck that you get from working. Some adults don’t make money from taxes. So best answer is salary
Answer:
Roth IRAs
Explanation:
A Roth IRA is an individual retirement savings account tax-free withdrawals in retirement. The money that one saves in an IRA account is not subject to any taxation at the time of withdrawal if all conditions are met. A Roth IRA account allows one to pay for taxes now on small amounts and avoid paying taxes on huge amounts upon retirements.
Oscar should research a Roth IRA account and consider it for retirement savings. The account will allow him to save for many years and not pay taxes on the savings gains. The savings on the Roth IRA can be passed to beneficiaries and be withdrawn tax-free.
Answer:
c.) 1165F
Explanation:
The computation of the variable overhead rate variance is shown below:
= (Actual total variable manufacturing overhead cost) - (Actual direct labor-hours × Standard variable overhead rate)
= $95,840 - (8,700 direct labor hours × $11.15 per DLH)
= $95,840 - $97,005
= $1,165 favorable
Simply we multiply the actual direct labor hours with the standard variable overhead rate and then subtract with the actual variable manufacturing overhead cost
All other information which is given is not relevant. Hence, ignored it