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IceJOKER [234]
3 years ago
13

The 20x9 balance sheet of E.I. du Pont de Nemours and Company shows average DuPont shareholders' equity attributable to controll

ing interest of $9,996 million, net operating profit after tax of $2,308 million, net income attributable to DuPont of $2,513 million, and common shares issued of 950.044 million. Assume the company has no preferred shares issued. DuPont's return on equity (ROE) for the year is: A 30.7% B. 37.6% C.25.1% D.36.4% E. There is not enough information to calculate the ratio
Business
1 answer:
Ghella [55]3 years ago
6 0
The person above me is right
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Exercise 13-02 The following are selected 2020 transactions of Sandhill Corporation.
Lorico [155]

Explanation:

a. The journal entries are as follows:

1. Purchase A/c Dr $52,000

     To Account payable A/c $52,000

(Being the purchase of inventory is recorded)

2. Account payable A/c $52,000

           To Notes payable A/c

(Being the payment is done via note payable)

3. Cash A/c Dr $52,000

Discount on Note payable A/c Dr $4,400

       To Note payable A/c $56,400

(Being the borrowed amount is recorded)

b.

Interest expense A/c Dr $1,040

      To Interest payable A/c $1,040

(Being the interest expense is recorded)

The computation is shown below:

= $52,000 × 8% × 3 months ÷ 12 months

= $1,040

Interest expense A/c Dr $1,040      ($4,160 × 3 months ÷ 12 months)

     To Discount on notes payable A/c $1,040

(Being the interest expense is recorded)

c. Now the total net liability is

i. For the interest-bearing note

= Note payable + interest payable

= $52,000 + $1,040

= $53,040

ii. For zero-interest-bearing note

= $56,400 - $3,120      ($4,160 - 1,040)

= $53,280

5 0
3 years ago
Which of the following is correct?
Alex17521 [72]

Answer:

The correct answer is b) "The greater the degree of product variation, the greater is the excess capacity problem."

Explanation:

Excess capacity means that the demand for a stock is less than the quantity that the company probably could provide to the market.

  • The greater the degree of product variation, the greater is the excess capacity problem.
  • A lower scale of output than it has been designed for creates an excess of capacity.

4 0
3 years ago
Identify whether each of the following examples belongs in M1 or M2. If an example belongs in both, be sure to check both boxes.
Sergio [31]

Answer:

M2

M1 M2

M2

Explanation:

7 0
3 years ago
Which of the following personnel policies is not relevant to recruitment
Lena [83]
<span>Lead-the-market pay strategies. An employer may choose to establish an internal compensation strategy that is in excess of the pay rates in the prevailing marketplace. This compensation strategy may increase the supply of candidates, increase selection rates of qualified applicants, decrease employee turnover, increase morale and productivity, or prevent unionization efforts. However, prior to implementing a lead compensation strategy, an organization should carefully consider what benefits it expects to realize from such a strategy, keeping in mind that this type of structure has the greatest propensity of increasing overall labor costs.</span>
4 0
3 years ago
Read 2 more answers
the fixed cost of producing wedding cakes is $10,000 per month. the variable cost for producing 10 wedding cakes per month is $1
Alex

The fixed cost of producing wedding cakes is <u>$10,000 </u>per month. The variable cost for producing 10 wedding cakes per month is <u>$12,000</u>. The average cost of producing 10 wedding cakes per month is <u>$2,200</u>.

The average fixed cost curve associated with a given level of output decreases as output expands. The total product produced by a firm for each level of output or unit of input used. Fixed costs include rent building or machinery. Variable costs are plant products water and seeds.

Fixed costs do not change as the firm changes levels of production. Rent price salary. Variable costs change according to the company's production volume. Fuel costs wage raw materials and parts. The cost of goods sold to trading companies directs materials direct labor costs variable components of manufacturing overheads sales and administrative expenses such as handling and shipping costs.

Learn more about Fixed costs here:- brainly.com/question/3636923

#SPJ4

8 0
11 months ago
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