Answer:
$45.027 million
Explanation:
The accounting equation shows the relationship between the various elements of the balance sheet. These are the assets, liabilities and equity. It is given as
Assets = Liabilities + Equity
The owner's equity is made up of the common stock and retained earnings (which is the net income less dividend paid over the period).
Equity = $125.989 million - $77.152 million
= $48.837 million
Retained earnings = Equity - Common stock
= $48.837 million - $3.810 million
= $45.027 million
Digby Corporation's retained earnings is $45.027 million
Answer:
$1,000
Explanation:
Fixed assets must be recorded at historic cost or purchase value. Their valuation is not affected by changes in market values, e.g. land might appreciate over time, but its historic cost will be used for accounting purposes.
In this case, Lisi doesn't have a bill to show the price of the rack, and since she paid in cash, she has no way of proving what she actually paid for it. In this case, in order to record the purchase of the rack you must use the fair market value of similar racks.
Imagine if someone could just say that they purchased things at X price but didn't get a bill, soon people would be recording buying pencils at $500 each because they are gorgeous and perfectly crafted.
<span>The court should rule in favor of the company, given clearly outlined policies and a counseling session. Documentation and expectations were stated, and the behavior continued beyond the counseling session. Monitoring her behavior as indicated seemed within the company's discretion.</span>
Answer:
Unit Cost = $196
Explanation:
As per the data given in the question,
Total variable overhead estimated = 4×31,400 = $125,600
Total overhead estimated = $125,600+$219,800 = $345,400
Predetermined overhead rate = $345,400÷31,400 = $11 per hour
Total overhead applied = $11×20 = $220
Hence, Total job cost = Direct material + Direct Labor + Total overhead
= $580 + $1,160 + $220
= $1,960
So, Unit cost = $1,960 ÷ 10 = $196
<span>machine. She uses a simulative approach to increase the effectiveness and efficiency. If Kelly is at the output stage of the process, then she is identifying the inputs utilized in the process for measuring the productivity.</span>
