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kotykmax [81]
2 years ago
10

Zwick Company bought 21,500 shares of the voting common stock of Handy Corporation in January 2021. In December, Handy announced

$201,500 net income for 2021 and declared and paid a cash dividend of $9.00 per share on all 207,500 shares of its outstanding common stock. Zwick Company's dividend revenue from Handy Corporation in December 2021 would be:
Business
1 answer:
Tanya [424]2 years ago
7 0

Answer:

$193,500

Explanation:

Calculation to determine what Zwick Company's dividend revenue from Handy Corporation in December 2021 would be

Using this formula

Dividend revenue =Voting common stock shares *Cash dividend

Let plug in the formula

Dividend revenue=21,500 shares x $9.00 per share

Dividend revenue = $193,500

Therefore Zwick Company's dividend revenue from Handy Corporation in December 2021 would be:$193,500

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The Tolar Corporation has 400 obsolete desk calculators that are carried in inventory at a total cost of $576,000. If these calc
katrin2010 [14]

Answer:

$20,000

Explanation:

Given :

Total cost of inventory=  $576,000

Upgraded cost of calculator  =$170,000

Sold cost  of calculator =$230,000

Present sales cost = $40,000.

The incremental revenue of the calculator of sales can be determined by

=  Sold\  cost\  of\  calculator\  -\ Upgraded\  cost\  of\  calculator\

=$230,000 -  $170,000

=$60,000

Therefore financial advantage  to the company from upgrading to the calculators can be determined

$\ 60,000-  $40,000\\

=$20,000

6 0
3 years ago
How do trade agreements help the countries involved?
devlian [24]
They are at a standstill with each other and can make business happen with each other. Therefore they're like associates or friends working together to better themselves.
3 0
3 years ago
Tetra Co. uses the perpetual inventory system and a FIFO cost flow method. On January 1, the company purchased 2,400 units of in
Juli2301 [7.4K]

Answer:

The options are not correct:

Dr costs of good sold  $15,800

Cr inventory                                   $15,800

Explanation:

The 4,400 units sold consist of the 2,400 units purchased on 1 January at $4.00 per unit and the balance of 2,000 units from the purchase made on January 12 at $3.10 per unit

cost of goods sold=(2,400*$4)+(2,000*$3.10)=$15,800

The cost of goods sold is $15,800 ,neither is it $11,900 nor $11,800

The appropriate entries is to debit costs of good sold with $15,800 while merchandise inventory is credited with $15,800

3 0
3 years ago
Rizzo Goal Inc. produces and sells hockey equipment, often custom made for online orders. The company has the following performa
forsale [732]

Answer and Explanation:

The computation is shown below:

a. The new customer retention rate is

(a) the day above 3 days from order to delivery

= 3.5 - 3

= 0.5 days

And,

The reduction in customer retention rate is

= 0.5 ×  1%

= 0.5%

errors above three per month is

= 6 - 3  

= 3

The reduction in customer retention rate is

= 3 ×  1.5%

= 4.5%

So, the new customer retention rate is

= 60% - 0.5% - 4.5%

= 55%

(b) The total reduction in customer retention rate is

= 0.5 + 4.5

= 5.0%

The reduction in market share is

= 5% × 0.5

= 2.5%

Now

New market share is

= 21.4% - 2.5%

= 18.9%

8 0
3 years ago
. List and describe two types of cues that people use when speaking to others. (2 points)
BartSMP [9]
1. Direct
2. Indirect

I think this is correct.
5 0
3 years ago
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