A common type of inflation is (select all that apply)

Kohler Corporation reports the following components of stockholders’ equity on December 31, 2017. Common stock—$10 par value, 10

aev [14]

Answer:

Explanation:

1.) Kindly check attached picture

2.) Statement of retained earning

Statement of Retained Earnings

For Year Ended December 31, 2018

Retained earnings, Dec. 31, 2017, 270,000

Add: Net income 388,000

Less: Cash dividends declared (152,000)

Less: Treasury stock reissuance (1,500)

Retained earnings, Dec. 31, 2018, 504,500

C.) Stockholders' Equity Section of the Balance Sheet

December 31, 2018

Common stock - $10 par value 400,000

Paid-in capital in excess of par value, common stock 60,000

Retained earnings 504,500

3 0

3 years ago

During its most recent fiscal year, Raphael Enterprises sold 350,000 electric screwdrivers at a price of $19.50 each. Fixed cost

Reil [10]

Answer:

the variable cost is $4,025,000

Explanation:

The computation of the variable cost is as follows:

Given that

Sales units = 350,000 units.

Sale Price = $19.50.

Fixed cost = $1,225,000.

Pre tax income = $1,575,000

Based on the above information

Sale Value is

= 350,000 units × $19.50

= $6,825,000.00

Now

Contribution Margin is

= Sales - Fixed cost

= $6,825,000 - $1,225,000

= $5,600,000

And,

Variable Cost is

= Contribution margin - Pretax income

= $5,600,000 - 1,575,000

= $4,025,000

hence, the variable cost is $4,025,000

3 0

4 years ago

Preferred stock comes in many varieties. ___ preferred stock includes a requirement that past dividends not paid must be paid in

Keith_Richards [23]

Answer:

Cumulative

Participating

Convertible

Redeemable

Repurchase

Explanation:

Cumulative preference shares are those preference shares wherein the annual dividend must be paid. In case dividend is not paid for an year, it gets accrued and in such a scenario, no common stock dividend can be paid unless cumulative preference dividend is paid.

Participating preference shares are those preferred stock holders who apart from receiving their own dividends are eligible to participate in dividends payable to common stockholders provided the dividend rate for common stockholders is increased.

Convertible preferred stocks are those which can be converted into common stock as per a specified conversion ratio and under other conditions.

Redeemable or callable preferred stocks are those wherein the issuer company has the right to repurchase/call or redeem such preferred stocks via creation of a sinking fund for such redemption.

5 0

3 years ago

Iverson Company purchased a delivery truck for $45,000 on January 1, 2018. The truck was assigned an estimated useful life of 5

Alla [95]

Answer:

Results are below.

Explanation:

Giving the following information:

Purchase price= $45,000

Useful life= 5 years

Salvage value= $10,000

To calculate the annual depreciation under the double-declining balance method, we need to use the following formula:

Annual depreciation= 2*[(book value)/estimated life (years)]

2018:

Annual depreciation= 2[(45,000 - 10,000) / 5]

Annual depreciation= 14,000

2019:

Annual depreciation= 2*[(35,000 - 14,000)/5]

Annual depreciation= $8,400

4 0

3 years ago

Based on the operant approach, the bonus that SkyBlue is offering for employees who hit certain goals is considered a(n) _______

Dmitry_Shevchenko [17]

Based on the operant approach, the bonus that SkyBlue is offering for employees who hit certain goals is considered a(n) Contingent reward. This is further explained below.

<h3>What is a Contingent reward.?</h3>

Generally, Employees and followers might be motivated to perform better and reach their objectives with the help of contingent incentives. Bonuses, accolades, and higher ranks are all part of this.

In conclusion, From an operant perspective, SkyBlue's bonus for meeting targets is a Contingent reward.