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Mashutka [201]
2 years ago
15

Statement of stockholders’ equity Financial information related to Organic Products Company for the month ended June 30, 20Y9, i

s as follows: Net income for June $ 112,000 Dividends paid in June 26,000 Common stock, June 1, 20Y9 150,000 Common stock issued in June 70,000 Retained earnings, June 1, 20Y9 1,610,000 a. Prepare a statement of stockholders’ equity for the month ended June 30, 20Y9.
Business
1 answer:
Nata [24]2 years ago
6 0

Answer:

As for the provided information, we have,

<u>Statement of Stockholder's Equity</u>

Date              Common Stock    Retained Earnings        Total

1 June                $150,000              $1,610,000              $1,760,000

Stock issued       $70,000                                                 $70,000

Net income                                        $112,000                   $112,000

Dividends                                          ($26,000)                 ($26,000)

30 June               $220,000             $1,696,000              $1,916,000

Note: Dividend is deducted from net income.

And net income is a part of retained earnings.

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Answer:

vertical integration strategy

Explanation:

In supply chain management, vertical integration refers to expanding the company's operations to either include some of its vendors, distributors and retailers, or both. This way, the company will be able to control the upstream of the supply chain management (vendors) and/or the downstream (distributors and retailers).

In this case, Beatrice is advocating for a vertical integration strategy in order for the company to expand into dairy farms. This way they company will control the supply of raw milk.

3 0
2 years ago
Swifty Corporation had net sales of $2,419,200 and interest revenue of $39,300 during 2020. Expenses for 2020 were cost of goods
damaskus [11]

Answer:

Please find the income statement below;

Explanation:

<u>Single step Income statement</u>

Revenues

Net sales              2,419,200

Interest revenue        39,300

<em>Total revenues                                2,458,500</em>

Expenses

Cost of goods sold      1,464,600

Admin. expenses            216,400

Selling expenses            294,800

Interest expense               46,000

<em>Total expenses                                   2,021,800</em>

<em><u>Net Income  </u></em><em>                                         </em><u><em>436,700</em></u>

6 0
2 years ago
The ____ is a type of operational plan that saves managers time because it is created once and then used repeatedly to handle fr
vagabundo [1.1K]

Answer:

a. standing plan

Explanation:

operational plan make a room for strategy plan it give clear picture of the goals to be accomplished as well as the objectives and the task behind it to the personnel in an organization. It is an implementation of strategies.It should be noted that standing plan is a type of operational plan that saves managers time because it is created once and then used repeatedly to handle frequently recurring events.

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1 year ago
Assignment Background Ellie Johnson Associates surveys American eating habits. The company's 1) Using the General Journal tab, c
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Answer

The answer and procedures of the exercise are attached in a microsoft excel document.  

<em>You didn´t post the complete information of the exercise, I searched the exercise online and tried to ask the most useful question.</em>

<em> </em>

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  

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5 0
2 years ago
The Southern Corporation manufactures a single product and has the following cost structure: Variable costs per unit: Production
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Answer:

d. $1,600 less than under absorption costing.

Explanation:

The computation of the carrying value on the balance sheet of the ending inventory of finished goods under variable costing is shown below:

But before that first we have to determine the unit cost which is

Unit fixed manufacturing overhead

= $96,320 ÷  6,020

= $16

Now the difference is

= Unit fixed manufacturing overhead × Change in inventory in units

= $16 × (6,020 units - 5,920 units)

= $1,600 less than under absorption costing.

5 0
1 year ago
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