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Firdavs [7]
3 years ago
14

The board of directors declared cash dividends totaling $168,000 during the year. The comparative balance sheet indicated divide

nds payable of $46,000 at the beginning of the year and $42,000 at the end of the year. What was the amount of cash payments to stockholders during the year
Business
1 answer:
Paul [167]3 years ago
4 0

Answer: $172,000

Explanation:

The amount of cash payments to stockholders during the year will be calculated thus:

Cash dividend declared = $168,000

Add: Beginning dividends payable = $46,000

Less: Ending dividends payable = $42,000

Cash payments to stockholders = $172,000

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A manufacturing company is interested in how a new sick-leave policy affects the number of days its employees miss per year. The
nignag [31]

Answer: Simple Random Sampling.

Explanation:

When a research is conducted, it’s almost impossible to collect data from everyone involved in that particular group, that is why a sample is selected. A sample are the individuals who will take part in the research.

In the question, the random sampling method is used. One manufacturing facility was chosen out of seven to know the effects a new sick leave policy has on employees absenteeism. In a simple random sample, all the members of a population have an equal chance of selection. Any of the seven manufacturing facilities have an equal chance of selection.

5 0
3 years ago
Which of the following statements is true?
SIZIF [17.4K]
Ummmmm I will go with answer A cause at my house its always like that.
6 0
4 years ago
Wilson Wonders's bonds have 12 years remaining to maturity. Interest is paid annu- ally, the bonds have a S1,000 par value, and
MAXImum [283]

Answer:

approximate YTM = 12.16%.

Explanation:

the approximate yield to maturity = {coupon + [(face value - market value) / n]} / [(face value + market value) / 2]

approximate yield to maturity = {100 + [(1,000 - 850) / 12]} / [(1,000 + 850) / 2] = 112.5 / 925 = 0.1216 = 12.16%

An investor that purchases this bond at $850 can expect to earn a 12.16% return.

3 0
3 years ago
Aspen Company estimates its manufacturing overhead to be $515,000 and its direct labor costs to be $515,000 for year 2. Aspen wo
Step2247 [10]

Answer:

COGS    3807 debit

FG          7896 debit

WIP         2397 debit

  Factory Overhead  14,100 credit

--to record the underapplication of overhead--

Explanation:

overhead rate:

\frac{Cost\: Of \:Manufacturing \:Overhead}{Cost \:Driver}= Overhead \:Rate

$515,000 overhead /  515,000 labor cost = $1

each labor cost generates a dollar of overhead.

221,400 x 1 =   221,400 overhead in COGS

459,200 x 1 = 459,200 overhead in Finished Goods

139,400 x 1 =   139,400 overhead in WIP inventory

Total applied  820,000

Actual            805,900

Underapplied    14,100

Now we weight each concept and determiante the portion underapplocated in each concept

\left[\begin{array}{cccc}Item&Value&Weight&Allocated\\COGS&221400&0.27&3807\\FG&459200&0.56&7896\\WIP&139400&0.17&2397\\&&&\\Total&820000&1&14100\\\end{array}\right]

4 0
3 years ago
On August 1, Gilgen Brothers bought goods with a list price of $19,200, terms 2/10, n/30. The firm records purchases at invoice
N76 [4]

Answer:

Accounts payable Dr,    $16,800

Purchase discount Dr,    $336

             To Cash                    $16,464

Explanation:

The Journal entry is shown below:-

Accounts payable Dr,    $16,800

Purchase discount Dr,    $336

             To Cash                    $16,464

(Being Cash is recorded)

Working Note :-

List price of goods after return = $19,200 - 2400

= $16,800

Discount on balance = 16800 × 0.02

= $336

For recording the cash we simply debited accounts payable, purchase discount and credited the cash

5 0
4 years ago
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