Answer:
Explanation:
The statement of stockholder's equity comprises common stock and retained earnings. The ending balance after adjustment shown in the attached spreadsheet.
The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid
And, the ending balance of the common stock = Beginning balance of common stock + issued shares
Before preparing the statement of stockholders’ equity we need to calculate the net income or net loss as the case may be. The computation is shown below:
Net income = Sales revenue - cost of goods sold - operating expenses
= $780,800 - $519,000 - $88,800
= $173,000
The preparation of the statement of stockholders’ equity is presented in the spreadsheet. Kindly find the attachment below:
Answer:
bad debt expense 18,000
Explanation:
bad debt 1% of credit sales:
180,000 x 1% = 18,000
When the adjustment is made base on sales, the current balance in the allowance for doubtful debts is irrelevant.
So no calculation is needed for those.
Answer: Manufacturing overhead for the month was underapplied by $19,000.
Explanation:
From the question, we are informed that before the closing of the overapplied or underapplied balance to cost of goods sold, the total of the debits to the manufacturing overhead account was $75,000 and the total of the credits to the account was $56,000.
This implies that the manufacturing overhead for the month was underapplied by ($75000 - $56000)= $19000. The manufacturing overhead debit balance shows that manufacturing overhead was simply underapplied in this case.
Answer:
- D (Mia realized that Jason was being overpaid) relates to Equity Theory.
- B (Offering range of rewards) relates to Expectancy Theory.
- A (Identifying causes of dissatisfaction) relates to Two Factor Theory.
- C (Offering trips) relates to The Porter-Lawler Model.
Explanation:
Equity Theory: Equity theory says that employees are motivated by the amount of fair treatment they are getting in the company.
For example: A employee would be satisfied, if he is paid equal to the other employee, but will be dissatisfied if the other is overpaid despite the fact that both have the same position and qualification.
Expectancy Theory: It suggests that employees are motivated by the value of the rewards, the more the value will the more they will be motivated to work.
For example: Employee knows the worth of their own effort, and the reward they will get against those efforts should be worth it.
Two Factor Theory: Suggested by Hezberg, there are factors of satisfaction and dissatisfaction, he categorized them as, <em>Hygiene factors and Motivation factors. </em>So, it's necessary to identify them and fix them.
The porter - Lawler Model: It suggests that the motivation is caused by rewards.
For example: Company is offering high rewards which will increase the motivation of the employees.
Debit Cash $2058; credit Cash Over and Short $8; credit Sales $2050
Cash over and short is an income statement account used to account for mistakes and differences in recorded sales and collected revenues.
