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mihalych1998 [28]
3 years ago
13

How are dividends and dividends payable reported in the financial statements prepared at december 31

Business
1 answer:
Agata [3.3K]3 years ago
4 0

Answer:

1. Dividends are deducted from the Statement of Retained Earnings as dividend expenses.

2. Dividends payable are reported in the Balance Sheet as current liabilities.

Explanation:

Dividends are distributions to the shareholders from earnings (income) after all expenses and taxes have been deducted from the revenue for the period.  Dividends payable are unpaid dividends, which are reported as current liabilities until they are paid for in the next accounting period.

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Boxes of​ Honey-Nut Oatmeal are produced to contain 14.0 ​ounces, with a standard deviation of 0.15 ounce. For a sample size of
raketka [301]

Answer:

UCL 14.08oz

LCL 13.93oz

Explanation:

´x=σ/√n

0.15/36 =0.15/6=0.025

´x= =14oz

UCL=´x+z σ´x

UCL=´x−z σ´x

UCL= 14 +3σ´x=14 +3(0.025)

=14+0.075

UCL=14.075oz approximately 14.08oz

LCL= 14 -3σ´x=14 -3(0.025)

=14- 0.075

LCL=13.925oz approximately 13.93oz

4 0
4 years ago
At the end of the current year, Smith Software Inc. reported $27 million of net income and $420 million of retained earnings. Th
Afina-wow [57]

Answer:

Dividends paid is $2 millions

Explanation:

The change in retained earnings during the year can be calculated by taking the difference between the opening and the closing balance which is calculated as under:

Change in Retained Earnings = $420 million - $395 million = $25 millions

The change in retained earnings during the year is the share of Net income retained by the company which means the remainder amount which is not retained by the company is Dividend paid.

And

Dividends paid = $27 million Net Income - $25 million Earnings Retained

Dividends paid = $2 millions

3 0
3 years ago
Identify and analyze a department in your organization that experiences frequent equipment or process failures. If you are not c
lord [1]

Answer:

Find the explanation below.

Explanation:

The name of my organization is Prime Plc. known for the production of confectionaries. The Production Department in my organization has been experiencing frequent equipment failures quite recently. A close investigation showed that the delays were caused by a breakdown of the sugar mills, mixers and, coating machines. This has resulted in delays in the production process. To improve these failures, I believe that the organization should:

1. Employ Technicians who can quickly carry out repair work on these machines when they breakdown instead of outsourcing the repair work for this would take a longer amount of time to get the machines up and running.

2. Introduce the periodic maintenance of these machines. Machines are subject to wear and tear, so I would suggest that the maintenance of these machines is carried out within intervals of three months.

3. Train the production personnel on the proper usage of these machines. Production personnel should be updated on current and effective ways of handling machines so as to guarantee their safety and longer use.

4. Make provisions for backup machinery and equipment. The organization would do well to purchase backup equipment especially for machines that the organization cannot do without so that in the event of an equipment failure, the production process would not be stalled.

When these measures are considered, there would be a significant improvement in the production department.

8 0
3 years ago
Which of these is the per-hour labor productivity of a factory that can produce 1,500 mops in 90 minutes?
Katen [24]
C. 1000

notice the question says 90 minutes, so an hour is 60 minutes. half of 1000 is 500, and half of 60 is 30.
6 0
1 year ago
Tally Corp. sells softwares during the recruiting seasons. During the current​ year, 12 comma 000 softwares were sold resulting
gogolik [260]

Answer:

The correct option is B $28.33 contribution margin per software

Explanation:

Contribution margin per software is calculated by deducting variable cost per unit from sales price per unit.

This implies how much each unit of software sold contributed to Tally Corp's total fixed costs of $52000 during the period.

Kindly find detailed computation in the attached spreadsheet.

Download xlsx
3 0
3 years ago
Read 2 more answers
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