Explanation:
The journal entries are as follows
a. Retained earnings A/c Dr $300,000 (600,000 shares × $0.50)
To Dividend payable A/c $300,000
(Being the dividend is declared)
b. No journal entry is required
c. Dividend payable A/c $300,000
To Cash A/c $300,000
(Being the dividend is paid for cash is recorded)
Answer:
$403,000
Explanation:
Calculation for what The unadjusted Cost of Goods Sold for the year was:
Finished goods inventory, 1/1 38,000
Add: Cost of goods manufactured 415,000
Goods available for sale 453,000
(38,000+415,000)
Less Finished goods inventory, 12/31 50,000
Unadjusted Cost of goods sold $403,000
(453,000-50,000)
Therefore The unadjusted Cost of Goods Sold for the year was:$403,000
Karla would pick option (B) uses hand labor with fixed costs of $10,000 and variable costs of $.5/candle.
<h3>
What is manufacturing?</h3>
- Manufacturing is the process of creating or producing items using equipment, labor, machines, tools, and chemical or biological processing or formulation.
- It is the essence of the economy's secondary sector.
- The phrase can relate to a wide range of human activities, from handcraft to high-tech, but it is most usually applied to industrial design, which involves the transformation of raw materials from the primary sector into finished commodities on a big scale.
To find which option will Karla pick:
- If the demand for Karla's candles is 25,000.
- Total Cost in Machine A = 25000 + 0.1*25000
- = $ 27500 Total
Therefore, Karla would pick option (B) uses hand labor with fixed costs of $10,000 and variable costs of $.5/candle.
Know more about manufacturing here:
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The correct question is given below:
Karla's candle factory is considering two different manufacturing options.
Option A is highly automated with fixed costs of $25,000 and variable costs of $.1/candle.
Option B uses hand labor with fixed costs of $10,000 and variable costs of $.5/candle.
If the demand for Karla's candles is 25,000, which option should she pick?
Answer:
Additional Funds Needed: $ 346,000
Explanation:
To forecast the additional funds needed it's necessary to use the following equation:
AFN = A0 + S1/S0 - L0 x S1/S0 - S1 x PM x b
Where :
A0 = Current Level of Assets
S1/S0 = Percentage Increase in sales
L0 = Current Level of Liabilities
S1 = New Level of Sales
PM = Profit Margin
b= Retention rate = 1 - payout rate
Final Value
AFN = A0(3,000,000) + S1/S0(0,20) - L0(1,000,000)
x S1/S0(0,20) - S1(6,000,000) x PM (0,03) x b (0,30) = $346,000
