Answer:
Debited to Retained Earnings of $500,000.
Explanation:
At the time of declaration of the dividend, the journal entry is recorded which is shown below:
Retained earning A/c Dr $500,000
To Dividend payable A/c $500,000
(Being cash dividend declared)
On the declaration date, the dividend amount is recorded. So while recording we debited the retained earning account and credited the dividend payable account
All other information which is given is not relevant. Hence, ignored it
Answer:
which of the following alternatives is most attractive?
Explanation:
Lower the price of the remaining bagels, even if the price falls below $1.00 per dozen.
It can be the improvement in order to recover the bagels cost without having to throw them away
Answer:
The obvious negative consequence of the two examples is that the customer will not be satisfied, while the consequence of the third is the unethical damage done to the employees. In the first example, customer care agents are not focusing on the actual problem, but rather the time invested in handling a call, which is not the crucial KPI.
a. This example could be modified by creating a new KPI, which is not time related. A better KPI would be the <u>number of satisfied customers</u> after reporting a problem. Time should be taken into consideration as a limit when certain complaints take too much time.
b. In this example, the KPI should be sales revenue, not volume. They should focus on enhancing the benefits of products rather than giving large discounts straight ahead. Also, trying to cross-sell to customers even when it is irrelevant (and bothersome) can negatively influence the long-term customer relationship.
c. This is vastly unethical practice to use the low number of injuries as a means of productivity. There are plenty of other more relevant KPIs for bonus eligibility such as the number of produced items in a day, punctuality, manager reference etc. It is understandable that a company wishes to minimize the injuries (as it is a downtime for a worker and reduces overall productivity), but it is not the best way.
Answer:
350 units
Explanation:
The break even point shows the earnings that the company has to generate to be able to cover all the expenses. The formula to calculate the break even point is:
Break even point= Fixed costs / contribution margin
Break even point= $7,000/0.50
Break even point= $14,000
Now, to determine the break even point in units you have to divide $14,000 by the sales price per unit:
$14,000/$40= 350 units
According to this, the break even point in units is 350.
Answer:
The correct answer is "$9450".
Explanation:
Given:
Payoff from investment,
= $6000
Lending to bank,
= 
= 
Now,
At 15% interest,
The amount to be received from bank will be:
= 
= 
= 
= 
($)
hence,
In her old age, most she can assume will be:
= 
= 
($)
