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hoa [83]
3 years ago
15

Prepare journal entries to record the declaration and payment of these stock and cash dividends. 2. Prepare the December 31, 202

1, shareholders' equity section of the balance sheet for the Nicklaus Corporation. (Assume net income for the fourth quarter was $2,250,000.) 3. Prepare a statement of shareholders' equity for Nicklaus Corporation for 2021.
Business
1 answer:
erma4kov [3.2K]3 years ago
5 0

Answer:

Retained Earning (Dr.) $295,000

Stock Dividend Payable (Cr.) $295,000

To record stock dividend

Retained Earnings (Dr.) $157,800

Cash (Dr.) $157,800

To record cash dividend

Explanation:

Statement of Shareholder's Equity

Retained Earnings Beginning Jan 21 $1,275,000

Net Income $2,250,000

Cash Dividend $157,800

Stock Dividend $295,000

Retained Earning Ending $3,072,200

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Shear-it, Inc., produces paper shredders. Shear-it is considering a new shredder design for home offices. The marketing vice pre
stira [4]

Answer:

$49

Explanation:

Desired Profit = 0.3 x $70 =&21

Target cost = $70 - $21 = $49

8 0
3 years ago
During October, Dorinirl Corporation incurred $66,700 of direct labor costs and $9,300 of indirect labor costs. The journal entr
Papessa [141]

Answer:

d. debit to Work in Process of $66,700

Explanation:

The journal entries for recording the given transactions are as follow

1. Work in process Dr $66,700

         To Wages $66,700

(Being direct labor transferred to Work in process account)

2. Factory overhead Dr $9,300

        To indirect labor cost $9,300

(Being indirect labor transferred)

These entries are recorded for recording the wages and the indirect labor cost

3 0
3 years ago
A firm buys two inputs, labor L and capital K, the total amount of which cannot exceed 100 units. The wage is $8, and the rental
balu736 [363]

Answer:

a.

Input limit: K + L = 100

Budget limit: 8L + 10K = 840

b.

L = 80

K = 20

See below

Explanation:

With regards to the above, we need to develop equations and put in function of one of the variable , say with L(labor)

Input limit

K + L = 100. Equation 1

Budget limit

8L + 10K = 840 Equation 2

From equation 1, make K subject of the formula

K + L = 100

K = 100 - L

Substitute for K in equation 2

8L + 10K = 840

8L + 10(100 - L) = 840

8L + 1,000 - 10L = 840

8L - 10L = 840 - 1,000

-2L = -160

L = 80

We can also get the value of K by substituting for L in equation 1.

K + L = 100

K + 80 = 100

K = 100 - 80

K = 20

Since we have the optimum K, we can replace in any of two equations to find the optimum L,

Also, we will replace the input limit and budget limit equation to verify

Input limit

K + L = 100

20 + 80 = 100

Budget limit

8L + 10K = 840

8(80) + 10(20) = 840

640 + 200 = 840

840 = 840

5 0
3 years ago
Myra, a new branch manager, shares her personal story of how she came into the profession, her family life, and the challenges s
777dan777 [17]

Answer:

The correct answer is E

Explanation:

In the theory of the organizational, transferring the knowledge is the practical problem of sharing or transferring the knowledge from one part of the firm to another.

Such as the capture or share knowledge, management of knowledge and assure its availability for the future users.

In this case, Myra shares the knowledge with everyone. So, she is a part of the firm through transferring the knowledge.

8 0
3 years ago
When companies mislead consumers about the benefits of their products, they infringe on?
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