Answer:
D All of these answers are correct.
Explanation:
Given that the corporation had 1,000,000 shares of $10 par value common stock outstanding. On March 31, the company declared a 20% stock dividend. Market value of the stock was $18/share. As a result of this event
Paid-in Capital in Excess of Par = 1000000*20%*(18-10) = 1600000
Stock dividend = 1000000*20%*18= 3600000
Edison's total stockholders' equity was unaffected because increase in Stock dividend leads to decrease in retained earnings by the same amount.
Answer is option D All of these answers are correct.
(c)Regarding hedge fund investment, the extra layer of fees is the sole reason why the net return to an investor in a fund of funds (FOF) would be lower than that obtained from a single hedge fund.
Small investors who seek to gain better exposure with fewer risks than investing directly in securities—or even in individual funds—typically turn to FOFs. Investor receives skilled wealth management services and knowledge when they invest in a FOF.
Hedge funds pool the money of investors and make investments to generate a profit. Compared to mutual funds, for instance, hedge funds often offer more flexible investing methods.
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The correct option is D.
When one is about to start using a particular social media, it is needful that one first creates a trial for some important reasons. Firstly, creating a trial gives one the opportunity to become familiar with the program, so that one will know what using the media entails. Creating a trial also gives one the opportunity to decide whether the social media is fit for one's needs or not. During this period, one will surely make some mistakes, but their impacts will be minimized because one is just trying out the social media.
Answer:
The correct words for the blank spaces are: efficient; technological change.
Explanation:
The New Classical school of Economics was originated at the beginning of the 1970s having as its main characters to American economists Robert Lucas (born in 1937) and Edward Prescott (born in 1940). New classicals pay special attention to economic models based on individuals' behaviors, indicating they pursue to maximize their utility by making rational decisions.
When it comes to business cycles, they proposed fluctuations in the economy were boosted by unanticipated "<em>shocks</em>". <em>Changes in aggregate demand were the result of unexpected monetary or fiscal policies. Changes in aggregate supply were caused by </em><u><em>efficient</em></u><em> changes in productivity as a result of temporary changes in </em><u><em>technology</em></u><em>.</em>
Actual manufacturing overhead costs traced to jobs just as direct materials and direct labor costs are traced to jobs
- Job order Costing: It is a method of cost accounting, in which cost is collected and accumulated for each job, work order, or project separately. Especially the job order costing is followed in organizations where customized goods are produced.
- The cost of goods manufactured incurred in each job, or project, work order are determined in the Good Manufactured Schedule.
- Cost of goods manufactured Schedule: The cost of goods manufactured is calculated in a statement. For the calculation of cost of goods manufactured it takes the beginning and ending work in process, direct materials, direct labor, and manufacturing overhead into consideration.
- Beginning work-in process: It refers to the units that are yet to be converted into finished goods. It belongs to the previous period’s closing balance that is shown as beginning balance for the current period.
- Ending work-in process: It refers to units that could not converted into the finished goods in the current period.
- Direct materials: Direct materials are the raw materials which are directly related with the production of the goods.
- Direct labor cost: The labor cost includes the wages or salaries paid to employees who physically produce goods or services. Labor refers to the actual work that the employees do to produce products. Labor costs refer to the amount of money that the employer pays the employees to complete the work.
- Manufacturing Overhead costs: The costs, which do not relate directly with the manufacturing of products, are referred to as manufacturing overhead costs or indirect costs.
- Units of Production: It refers the number of units produced during a particular period of time that are ready for sales.
Step: 1
- Tracing is the process of identifying the material or labour costs with a product. Material and labour costs are direct costs which are directly traced to a product. Manufacturing overhead is an indirect cost which cannot be specifically identifiable with the product.
Explanation:
- The actual manufacturing overhead costs are not traced to jobs like direct materials and direct labour costs are traced because it is very difficult and expensive to find out in a precise manner, the accurate amount of manufacturing overhead cost that has contributed towards each unit of production.
Hint:
- Based on definition explained and data given, an example is provided to explain the reason.
Step: 2
- Example: It is too difficult for a cost accountant to calculate what amount of plant manager’s salary or rent or electricity should be allocated to each unit produced in the factory.
- Manufacturing Overhead costs are indirect costs that are not directly involved in the production activities however, it helps in completing the production process. Thus, manufacturing overhead costs are never calculated on per unit basis rather the entire amount of cost is taken into consideration.
Actual manufacturing overheads are difficult to trace to individual jobs and expensive to allocate.
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