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Elodia [21]
3 years ago
10

Scott Lockhart owns and operates AAA Delivery Services. On January 1, 20Y7, Common Stock had a balance of $60,000, and Retained

Earnings had a balance of $825,500. During the year, no additional common stock was issued, and $13,000 of dividends were paid. For the year ended December 31, 20Y7, AAA Delivery reported a net income of $65,500. Prepare a statement of stockholders' equity for the year ended December 31, 20Y7.

Business
1 answer:
inessss [21]3 years ago
7 0

Answer:

Explanation:

The stockholder's equity statement is composed of common stock and retained earnings. The ending balance shown in the attached spreadsheet, after modification.  

The Ending balance of earnings retained = Starting balance of earnings retained + net income - dividend paid

And, Ending balance of common stock = Starting balance of common stock + issued stock

The preparation of the stockholders ' equity statement for the year ended December 31, 20Y7 is provided in the spreadsheet. The attachment below is:

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Answer:

B&T Company's factory overhead incurred for May is $8,890

Explanation:

Manufacturing overhead is all indirect costs incurred during the production process, includes indirect labor cost.

In B&T Company,

Factory overhead incurred for May = Indirect labor cost + property taxes on production facility cost + factory heat, lights and power cost + insurance on plant and equipment cost = $6,800 + $830 + $1,030 + $230 = $8,890

6 0
2 years ago
A manufacturer of nickel-hydrogen batteries randomly selects 100 nickel plates for test cells, cycles them a specified number of
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Answer:

Explanation:

The calculation is shown in the picture attached

P-value > 0.05 it is concluded that the null hypothesis is not reject.

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2 years ago
Which of the following is an example of the planning function of the budgeting​ process? A. Budget figures are used to evaluate
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Answer:

The correct answer is letter "C": The budget outlines a specific course of action for the coming period.

Explanation:

Budgets are estimates of the expenditures a firm expects over a certain period. They serve as tools to measure the amount of money the company should use to conduct its different activities. In most cases, managers of each department within an organization handle their own budgets to be provided to the central department in charge of budgeting the overall firm budget which will approve or adjust the unit's budget.

5 0
2 years ago
Discuss the differences between subsistence and industrialized agriculture with respect to relative inputs of land, labour, fina
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<h2><u>Answer:</u></h2>

Industrialized Agriculture: Uses substantial hardware and a lot of money related capital, non-renewable energy sources, water, business inorganic manures, and pesticides to deliver single yields.

The real objective of industrialized horticulture is to consistently build each product's yield - the measure of nourishment delivered per unit of land.

Traditional Subsistence Agriculture: Supplements vitality from the sun with the work of people and draft creatures to deliver enough products for a ranch family's survival, with minimal left over to move or store as a save for hard tough occasions.

Industrialized farming is increasingly profitable in light of the fact that its significant objective is to deliver the most yield of harvest while subsistence has the objective of creating enough to endure and live reasonably and does not have an immense spotlight on efficiency.

6 0
3 years ago
The Puyer Corporation makes and sells only one product called a Deb. The company is in the process of preparing its Selling and
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Answer:

The total budgeted fixed selling and administrative expenses for February is $170,400.  The answer is D.

The calculation is as follows:

a) Advertising -  $50,100

b) Executive Salaries -$60,100

c) Depreciation - $20,100

d) Others - $40,100

Total = $170,400.

Explanation:

To obtain the above answer, we add up all the budgeted fixed selling and administrative expenses, excluding variable elements.

Fixed costs are costs which do not vary according to the level of production or activity.

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4 0
3 years ago
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