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AVprozaik [17]
2 years ago
3

Which of the following statements about the Dividends account is (are) correct? (Check all that apply.) a. Dividends is used to

record distributions of assets to the owners of a business. b. Dividends are increased on the left side of the T-account. c. Dividends are increased on the right side of the T-account. d. Dividends decrease equity
Business
1 answer:
xenn [34]2 years ago
4 0

Answer:

The correct answer is d. Dividends decrease equity

Explanation:

Dividends are the portion of the profit or the retained earnings that are not reinvested in the business but are distributed among the shareholders or the owners of the company.

So when funds are allocated for the dividends from the profit after tax, this portion is lost to the company.

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An appliance company has two warehouses and two retail outlets. Warehouse A has 400 refrigerators and warehouse B has 300 refrig
Darina [25.2K]

Answer:

Warehouse B:

  • ship 200 refrigerators to outlet 1
  • ship 100 refrigerators to outlet 2

Warehouse A:

  • ship 200 refrigerators to outlet 2

Explanation:

                      Outlet 1 Outlet 2 Availability

Warehouse A    36             30    400

Warehouse B    30     25    300

Requirements  200          300

You should ship 200 refrigerators from warehouse B to outlet 1, total distribution costs = 200 x $30 = $6,000

You should ship 100 refrigerators from warehouse B to outlet 2, and 200 refrigerators from warehouse A to outlet 2, total distribution costs = (100 x $25) + (200 x $30) = $8,500

total distribution costs = $14,500

The difference in distribution costs from warehouses to outlet 1 is $6, and the difference in distribution costs from warehouses to outlet 2 is $5, so you should send all the refrigerators from warehouse B to outlet 1 to incur in the lowest possible cost.

4 0
2 years ago
The following budget information is available for Crescent Company for January Year 2: Sales $ 800,000 Cost of goods sold 540,00
saw5 [17]

Answer:

$232,500

Explanation:

The computation of the amount of expected cash outflows for selling and admin expenses is shown below:

Utilities expense  $2,500

Administrative salaries $100,000

Sales commission ($800,000 ×  5%) $40,000

Advertising $20,000

Rent on administrative building $60,000

Miscellaneous administrative expenses $10,000

Total budgeted cash sales and administrative expenses $232,500

We added those expenses which affect the cash balance i.e decrease in cash balance so that the correct amount could arrive

All other items are not relevant. hence,ignored it

8 0
2 years ago
Piekos Corporation incurred $90,000 of actual Manufacturing Overhead costs during June. During the same period, the Manufacturin
Soloha48 [4]

Answer:

c. credit to Manufacturing Overhead of $92,000

Explanation:

Applied Manufacturing overhead was $92,000

So, The journal entry to record this will be,

                                                Dr.          Cr.

Work in Process of            $92,000

Manufacturing Overhead                 $92,000

So, manufacturing overhead account is credited with the value of $92,000.

8 0
2 years ago
Read 2 more answers
The four general approaches that companies use to develop employees include: Question 41 options:
ad-work [718]
C. is the correct answer
8 0
2 years ago
A newsvendor orders the quantity that maximizes expected profit for two products, X and Y. The critical ratio for both products
Tamiku [17]

Answer:

A. Product A, because it has less certain demand.

Explanation:

According to the statement, the product X (A) is the one with the highest proportion of standard deviation, that is, it has a more uncertain demand. Taking into account this condition, it is expected that the number of optimal products will be greater because it has an average and critical relationship. For this reason, it is expected that the news seller will lean towards the first product, since it will generate higher income as explained at the beginning.

5 0
2 years ago
Read 2 more answers
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