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4 years ago

On January 1, 2020, Crone Corporation had the following stockholders' equity accounts.

Business

1 answer:

Serga [27]4 years ago

4 0

Answer and Explanation:

February 1

Dr Dividends 113,000

Cr Dividend Payable 113,000

To record the declaration of cash dividends.

March 1

Dr Dividend Payable 113,000

Cr Cash 113,000

To record the payment of dividends previously declared.

April 1

No entry

July 1

Dr Dividends 169,500

Cr Stock Dividends Distributable 169,500

To record the declaration of stock dividends.

December 1

Dr Stock Dividends Distributable 169,500

Cr Common Stock 146,900

Cr Paid in Capital in Excess of Par 22,600

December 31

Dr Income and Expense Summary 398,500

Cr Retained Earnings 398,500

To record the net income.

December 31

Dr Retained Earnings 282,500

Cr Dividends 282,500

To close the dividends account.

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According to the map, which continent has the most countries with a low GDP level? Which two countries have the highest GDP leve

Nuetrik [128]

Guessing it is the world map since there is no map on here,
USA and China for the highest GDP
South Sudan has the lowest GDP

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4 years ago

Read 2 more answers

Small changes in consumer demand can result in large variations in orders placed because of the:_______

UkoKoshka [18]

Small changes in consumer demand can result in large variations in orders placed because of the Bullwhip Effect. Thus the correct answer is D.

<h3>What is a consumer?</h3>

The consumer is referred as an end user of any product or service. He is the person who utilizes or takes the benefit of the products purchased. The person who buys a product is called a customer.

Demand estimations result in ineffective supply chains due to the bullwhip effect which is a characteristic of distribution channels. As one moves higher up the supply chain, it informs of increasing inventory variations in reaction to variations in consumer demand.

Therefore, option D Bullwhip effect is appropriate.

Learn more about the Bullwhip effect, here:

brainly.com/question/2815747

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The complete question is attached below-

Small changes in consumer demand can result in large variations in orders placed because of the:

A) Supply chain

B) Safety stock requirement

C) Lead time effect

D) Bullwhip effect

E) FCFS scheduling

4 0

1 year ago

Manufacturing overhead was estimated to be $400,000 for the year along with 20,000 direct labon hours. Actual manufacturing over

Jobisdone [24]

Answer:

If overhead was overapplied, then the COGS should be debited overhead.

The correct answer is B.

Explanation:

<u>First, we need to calculate the predetermined overhead rate:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 400,000 / 20,000

Predetermined manufacturing overhead rate= $20 per DLH

<u>Now, we allocate overhead:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 20*21,000

Allocated MOH= $420,000

<u>Finally, the over/under allocation:</u>

Under/over applied overhead= real overhead - allocated overhead

Under/over applied overhead= 415,000 - 420,000

Overapplied overhead= $5,000

If overhead was overapplied, then the COGS should be debited overhead.

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3 years ago

For the product, moose with calf, what was the total dollar sales amount for february 2016?

ddd [48]

Answer:

H 0LA

Explanation:

C OMO ESTAS

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2 years ago

Which option is best described as a complementary good for computer hard drives?

Nutka1998 [239]

Answer: Computer monitor

Explanation:

A complementary good is a good that's used together with another good. A good example of a complementary good is a car and petrol since they are used together.

A complementary good for computer hard drives would be the computer monitor. The monitor simply looks like a television and it helps in showing the information which is being displayed.

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3 years ago