No. of shares outstanding before stock dividend = 634000
Price per share = $46
Stock dividend issued (shares issued) = 634000 x 13%
= 82,420
Value of stocks issued as stock dividend = 82420 x $46 = $3,791,320
No. of shares outstanding after stock dividend = 634,000 +82,420
=716420
Cash dividend = 716420 x 0.60
= 429,852
Total reduction in retained earnings = total value of dividend issued
= $3,791,320 + $429,852
= $4,221,172
What are the options, sir?
Ethical usually means what is right, or morally right. For example, killing someone isn't ethical, but helping an elderly person up from falling would be the ethical thing to do.
The major factors that determine investment are interest rates and inflation. The relationship between interest rate and aggregate demand is inversely related. The relationship between inflation and aggregate demand is positvely related.
<h3>What is aggregate demand?</h3>
Aggregate demand is the sum total of all goods and services produced in an economy in a given period.
To learn more about aggregate demand, please check: brainly.com/question/24319248
Total transferred units = 121,500
Direct labor costs = $30,000
Completed unit from the ending inventory = 42,400 x 25% = 10600
Now the total units transferred = 121,500 + 10600 = 132100
Direct labor cost per equivalent unit = Direct labor costs / total units transferred
= 30,000 / 132100 = 0.227
Direct labor cost per equivalent unit = 0.23.
