Answer:
C. $737,500
Explanation:
The formula to compute the ending balance of retained earning is shown below:
The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid
= $659,000 + $220,000 - $141,500
= $737,500
The net income is calculated below:
= Sales revenues - expenses
$600,000 - $380,000
= $220,000
Answer:
The answer is: TRUE
Explanation:
The marketing mix of a company includes the four Ps; place, product, price and promotion. The marketing mix defines the company's marketing strategy.
While the marketing plan is how the marketing strategy will be carried out and executed: e.g. how much should a product cost, how will our product be promoted, etc.
Answer: $12,280
Explanation:
The question asks for the budgeted cash payments for materials in January.
It also states that payments for purchases are expected to be made 50% in the month of purchase and 50% in the month following purchase.
The means that the amount from December is the balance to be paid in January as the other 50% has already been paid.
We then have to take 50% of the January figure to know how much cash payments are to be paid in January.
= 6,200 + 12,160(0.5)
= 6,200 + 6,080
= $12,280
$12,280 is the budgeted cash payments for materials in January.
Time tickets and materials requisition slips are similar to. The cost associated with both must be credited to the Work in Process Inventory. Option A. This is further explained below.
<h3>What are time tickets?</h3>
Generally, A time ticket is a form filled out by workers to keep track of their working hours.
In conclusion, Both time tickets and materials requisition forms have certain similarities. Both must be accounted for in the Work in Process Budget.
<h3>Complete Question</h3>
How are time tickets and materials requisition slips similar?
The cost associated with both must be credited to the Work in Process Inventory. Costs associated with both must be recorded in the general ledger and job cost sheets.
Costs associated with both must be debited to Manufacturing Overhead.
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