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2 years ago

Gabuat Corporation, which has only one product, has provided the following data concerning its most recent month of operations:

Business

1 answer:

Ludmilka [50]2 years ago

5 0

Answer:

Gross Margin $82,130

Explanation:

The computation of the gross margin under the absorption costing approach is as follows:

Sales ($147 × 1,910 units) $280,770

Less:

Direct Material ($47 × 1,910 units) $89,770

Direct Material ($34 x 1,910 units) $64,940

Variable Manufacturing Overhead ($5 × 1,910 units) $9,550

Fixed Manufacturing Overhead ($39,600 ÷ 2,200 units) × $1,910 units $34,380

Gross Margin $82,130

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Pecan Theatre Inc. owns and operates movie theaters throughout Florida and Georgia. Pecan Theatre has declared the following ann

alekssr [168]

Answer:

Pecan Theatre Inc.

Annual Dividends:

Year Amount Cumulative Common Stock

Declared Arrears

20Y1, $64,000 $64,000 $96,000 $0

Per share dividends $1.60 $0

20Y2, $128,000 $128,000 $128,000 $0

Per share dividends $3.20 $0

20Y3, $288,000 $288,000 $0 $0

per share dividends $7.20 $0

20Y4, $368,000 $160,000 $0 $208,000

Per share dividends $4.00 $2.08

20Y5, $448,000 $160,000 $0 $288,000

Per share dividends $4.00 $2.88

20Y6, $576,000 $160,000 $0 $416,000

Per share dividends $4.00 $4.16

Explanation:

a) Data and Calculations:

Outstanding common stock = 100,000 shares at $10 par

Outstanding 4% cumulative preferred stock = 40,000 at $10 par

Annual preferred stock dividend = 4% * 40,000 * $100

= $160,000

Annual Dividends:

Year Amount Cumulative Common Stock

Declared Arrears

20Y1, $64,000 $64,000 $96,000 $0

Per share dividends $1.60 ($64,000/40,000) $0

20Y2, $128,000 $128,000 $128,000 $0

Per share dividends $3.20 ($128,000/40,000) $0

20Y3, $288,000 $288,000 $0 $0

per share dividends $7.20 ($288,000/40,000) $0

20Y4, $368,000 $160,000 $0 $208,000

Per share dividends $4.00 ($160,000/40,000) $2.08 ($208,000/100,000)

20Y5, $448,000 $160,000 $0 $288,000

Per share dividends $4.00 ($160,000/40,000) $2.88 ($288,000/100,000)

20Y6, $576,000 $160,000 $0 $416,000

Per share dividends $4.00 ($160,000/40,000) $4.16 ($416,000/100,000)

6 0

2 years ago

1. The roles of money Antonio just graduated from college and is now in the market for a new car. He has saved up $4,000 for a d

anyanavicka [17]

Answer:

Explanation:

Antonio used the value of money as a unit of account to compare the value of the two cars namely Super and Duper and come to the conclusion that Duper was cheaper to Super

Antonio saved $ 4000 in his checking account which he gave to the seller. This represent money's role as a store of value

Antonio write a check of the money he saved to the seller and the seller accepted it and gave him the car which fulfill the role of money as a medium of exchange.

5 0

3 years ago

1. A company issues new stock with a fair value of $120,000 to acquire 85% of the stock of another company. The fair value of th

Delicious77 [7]

Answer:

A. $10,500

Explanation:

FV of IDNA:

Book value $ 15,000

Revalued plant assets ($25,000)

license agreements $30,000

Intangible assets $50,000

$ 70,000

Non-controlling interest valued at the date of acquisition, following the alternative method allowed by IFRS = 15% * 70,000 = $10,500.

4 0

3 years ago

The first step in the target market selection process is

Rus_ich [418]

Identifying a target strategy

8 0

2 years ago

Lisa is very picky about her peanut butter. she believes that the brand she buys tastes much better than any other brand on the

elena-14-01-66 [18.8K]

Answer:

Schizotypal

Explanation:

...

7 0

2 years ago