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4 years ago

Identifying and Analyzing Financial Statement Effects of Dividends

Business

1 answer:

Inessa05 [86]4 years ago

7 0

Answer:

The Retained Earnings for 2017 will be $1,239,200.

Explanation:

The Retained Earnings shows Income attributable to Stockholders.

It is computed by adjusting the Opening Retained Earnings balance with the Income and Dividends <em>Declared</em> during the year as follows :

Opening Retained Earnings Balance $747,000

Add Net Income During the year $523,000

Less Dividends Declared :

Preferred Stock

Preferred Stock ( 4% × $100 × 6,000) ($24,000)

Preferred Stock ( 4% × $50,000) ($2,000)

Common Stock

Common Stock ( 80% × 6,000) ($4,800)

Opening Retained Earnings Balance $1,239,200

Conclusion :

The Retained Earnings for 2017 will be $1,239,200.

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Problem 13-13 A mail-order house uses 18,000 boxes a year. Carrying costs are 60 cents per box a year, and ordering costs are $9

uranmaximum [27]

Answer:

A. 5,000 boxes per order

B. 3.6 orders per yr

Explanation:

See attached file

4 0

3 years ago

Debeers sells most of the diamonds it produces to industry. the company controls over 90 percent of the market and has great pow

Leokris [45]

DeBeers is called a channel leader. There is the strength, determination, knowledge, and management to control the industry. He/She has a talent and strategy on distributing and delivery of the business through networks. He/She knows that market very well enough to control the 90% as said.

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4 years ago

Prepare journal entries to record the following production activities.

blagie [28]

Answer:

1.Dr Work in progress inventory75,000

Dr Payable Factory payroll 75,000

2. Dr Factory overhead 20,000

Cr Factory Payroll Payable 20,000

3. Dr Factory wages payable 95,000

(75,000+20,000)

Cr Cash 95,000

Explanation:

Preparation to record Journal entry

1. Since the amount of $75,000 was been Incurred of the direct labour production this means we have to record the transaction as :

Dr Work in progress inventory75,000

Dr Payable Factory payroll 75,000

2. Since the amount of $20,000 was Incurred of indirect labor in production this means we have to record the transaction as:

Dr Factory overhead 20,000

Cr Factory Payroll Payable 20,000

3. Since factory payroll was paid the transaction will be recorded as :

Dr Factory wages payable 95,000

(75,000+20,000)

Cr Cash 95,000

5 0

3 years ago

Pepsi has cooperated with America on the Move to improve many of its products and their labels, such as reducing the saturated f

Kitty [74]

Answer:

ShareHolders.

Explanation:

A share holder is the ultimate owner of any company who has invested his share in return of the profits earned.

Hence, this form of social responsibility by Pepsi will portray a positive image of Pepsi in the market and will ultimately help the shareholders in the form of increased revenue due to more sales and high profits.

I hope this helps. Best of Luck.

4 0

3 years ago

Stockholders, employees and environmentalists are examples of stakeholders whose interests

Gelneren [198K]

Stockholders, employees and environmentalists are examples of stakeholders whose interests and needs often conflict.

<h3>Who is a stakeholder?</h3>

A stakeholder can be defined as an independent individual, organization or social group that has an interest in a particular business organization (company), and as such they can either affect or be affected by the decisions taken in the business.

This ultimately implies that, stockholders, employees, investors, and environmentalists are examples of stakeholders whose interests and needs often conflict.

Read more on stakeholders here: brainly.com/question/15532995

#SPJ1

7 0

3 years ago