Answer:
The journal entries are as follows:
(i) On March 31,
Finished Goods A/c Dr. $56,400
To Work in Process $56,400
(To record the completion of the two jobs)
(ii) On March 31,
Cash A/c Dr. $38,000
To sales $38,000
(To record the sale Job 10)
(iii) On March 31,
Cost of goods sold A/c Dr. $21,400
To finished goods $21,400
(To record the cost of the job sold)
Answer:
$10,000
Explanation:
A company's income is either shared out as dividends or kept in as retained earnings. Therefore, the total of retained earnings and dividend paid out is the net income. This is the amount that will reflect in the income statement. In other words, income is calculated first before dividends or retained earnings are declared.
For Martinville, income will be calculated first before dividends are paid. Net income will be
=revenue - expenses
=$17,000 -$7,000
=$10,000
Balance in the Income Summary account was $10,000
Sourcing a supply from a small, women-owned business is an example of a corporate social responsibility action to promote workforce diversity.
What is workforce diversity?
Workforce diversity means having a workforce that comprises of people of diverse backgrounds, cultures, genders, orientations, races, perspectives and shared values.
In a bid to give a greater sense of belonging to the women folks(the same it has always be given to men folks), a firm may decide that it needs to source certain inputs or resources or materials from a small, women operated businesses, which in turn promote the corporate image, brand awareness and also functioning as a way of the firm giving back to the society or leaving positive impact on its host community.
Overall, such kind gesture would reflect on the financials of the company sooner or later by a way of increasing sales revenue and consequently, increase profitability
Find out more about corporate social responsibility on:brainly.com/question/13334545
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There were 72 (108 - 36) more maple trees in the woodlot before the bug problem. There were 108 maple trees in the woodlot before the bug problem. There are 36 maple trees in the woodlot after the bug problem.
The following information is given in the question:
Ratio of maple trees to oak trees before bug problem = 9:5
Ratio of maple trees to oak trees after replanting = 3:11
Total number of oak trees after replanting =132
Total number of trees in the woodlot is the same before and after the bug problem.
Let the number of maple trees after replanting be 'x'
From the data above, we can find the number of maple trees after replanting as follows:
So, number of maple trees after replanting in the woodlot are 36.
Let number of maple trees before bug problem be 'z'.
We can find the number of maple trees before bug problem as follows:
