Answer:
Decrease in operating income $3,200
Explanation:
The computation is shown below:
Particulars Old method New method
Sales $1,710,000 $1,786,000
(9,000 units × $190) (9,400 units × $190)
Less:
Variable expenses $513,000 $592,200
(9,000 units × $57) (9,400 units × $63)
Contribution margin $1,197,000 $1,193,800
Less:
Fixed expenses ($913,000) ($913,000)
operating income $284,000 $280,800
Decrease in income $3,200
We simply take an difference of operating income under both methods that reflects the decrease in operating income
The problem or opportunity that requires a business decision on the part of the decision maker is called a management dilemma .
Management dilemma is the problem or opportunity that has emerged and requires to be resolve through a business decision. Management dilemmas are usually as a result of rising costs, high turnover rates, increasing negative perception, and reduced sales.
Dilemma management is the process of addressing complicated problems and resolving them in a systematic manner. To do this, it is important to keep the following dilemma management framework in mind.
Dilemmas can stem from a lack of foresight and preparation or from something completely out of your control. The original dilemma opposed to the modern dilemma is the controversy of freedom.
The correct answer is management dilemma.
Learn more about management dilemma, refer:
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Answer:
A. management dilemma
Explanation:
The problem or opportunity that requires a business decision on the part of the decision maker is called a management dilemma.
Answer:
$371,500
Explanation:
The retained earnings account represents the cumulative net income of an entity over the years after considering the dividend paid over the periods of existence.
The movement in the dividend account at the start and end of a given period is as
Opening balance + Net income - dividend declared and paid = closing balance. Hence , the Retained Earnings balance as of December 31, 2020
= $347,600 + $56,100 - $32,200
= $371,500
Answer:
cool
Explanation:
Answer:
Decreases the Accounts Payable account and decreases the Checking account
Explanation:
In the case when the bill is paid in quick books by using the window of pay bills so the liabilities would be reduced also the liquid asset would be decreased
Since the liabilities is reduced i.e. account payable so automatically the checking account would also be reduced
hence, the last option is correct
The same is to be considered
Answer:
You would decrease the accounts payable (paying the bill relieves part of the balance in this account) and decreases the cash account (when you pay the bill, you use or reduce the cash)
Explanation:
see my answer for explanation
Answer:
The dividend of $147,420 is allocated to preferred stockholders
A dividend of $38,580 is allocated common stockholders
Explanation:
The preferred stock has a fixed amount of dividend which is a percentage of its par value computed thus:
preferred dividend=13,000*$81*14%=$ 147,420.00
However, when preferred stock dividend is taken away from the total dividends, the result is dividends for common stockholders
Common stockholders' dividends=$186,000-$147,420=$38,580.00
Had Marcus clicked on the link at the bottom of the screen, he would have seen the following:
The second screen stated "Three-day trial version- Free! $59.99 annual fee thereafter." Marcus was annoyed that the app would cost him almost $60 but figured he would set a reminder on his phone to cancel the app before the trial period expired so he wouldn't get charged. Plus, he wanted to see the app in action. If it was actually worth the price, he wouldn't mind paying the annual fee. He clicked "Continue" and put in his bank card information on the next screen. The following screen asked Marcus a series of questions about his stress level and what he felt caused stress in his life. He clicked "high" and "work" as the level and cause. He then completed the first CalmDown meditation in the app, but was not impressed with its functionality. Deciding he would cancel his subscription immediately, he went into the profile settings to try to find the cancel option but couldn't. He searched every possible place on the app but didn't see a way to cancel the subscription. Marcus decided to try to find the app's developer through their website, but a quick search didn't turn up anything. Already stressed and becoming more frustrated, Marcus decided to contact the app store. They informed him that he should be able to go into his app store account and cancel the subscription there. However, when Marcus went there, he didn't see the app as an option or as a subscription. Thinking that maybe his subscription didn't process, he just deleted the app from his phone.
Marcus didn't give the app or the subscription any more thought, becoming increasingly more distracted by the amount of stress at work. Four months later, Marcus was looking at his bank account online and noticed it was lower than it should have been. He began reviewing the charges and noticed multiple charges for $59.99 to a merchant named "CDgotU." He immediately remembered the app and contacted his bank to dispute the charges. His bank replied that due to the charges being debit withdraws he needed to dispute them within 2 days of being made. Moreover, if he had been diligent about watching his account, they could have put a block on the account and the remaining fraudulent charges would have been prevented. The bank representative also told him that he should try to get a refund from the company that charged him. After making his case with the bank representative for several hours about how he tried to cancel his subscription, he was unsuccessful. The bank's representative was able to provide Marcus a phone number attached to the Merchant account, but when Marcus called the number it was disconnected. The bank could not provide him with any additional information such as a company address or website.
After more internet searching, Marcus saw a number of other complaints online about the app, and noticed it had been removed from the app store and was no longer available for download. Marcus decided to bring an action against the company for fraud, breach of contract, conversion, and several other claims in his home state of Vermont.
Can Marcus compel the bank or the app store to provide additional information about the creator of CalmDown in order to determine the creator's location and potential assets?
a. No, these records are not subject to being subpoenaed due to their confidential nature.
b. Yes, he can subpoena records during the discovery process from both, but the bank and the app store may ask the judge to deny the request or limit the request due to privacy concerns.
c. Yes, but he must subpoena these records prior to the filing of the complaint.
d. Yes, he can file interrogatories during the discovery process to both the bank and the app store.
Answer: b. Yes, he can subpoena records during the discovery process from both, but the bank and the app store may ask the judge to deny the request or limit the request due to privacy concerns.
Explanation:
Marcus can indeed compel the bank or the app store to provide additional information about the creator of the app should he wish to find out the creator's location and its potential assets so he can purse the case appropriately legal wise.
He can do this by subpoenaing the required information when laying the background for the suit. As this information is considered private and confidential however, both the bank and the store could appeal to the Judge to refuse Marcus's request on the grounds of privacy concerns.
Answer:
the anser is B
Explanation:
Answer:
(a)
Preferred stock Dividend = ( 10,000 x 100 ) x 8% = $80,000
Cumulative Dividend
Date Dividend for the year Balance
December 31, 2015 $80,0000 $80,000
December 31, 2016 $80,0000 $160,000
December 31, 2017 $80,0000 $240,000
Payable of $240,000 Dividend will be reported on the Balance Sheet.
(b) Dr. Cr.
Preferred Stock (4,000 x $100) $400,000
Common stock ((4000 x 7) x $10) $280,000
Paid-In Capital in excess of Par - Common share $120,000
(c)
Cash ( 4000 x 107 ) $428,000
Preferred Stock (4000 x $100) $400,000
Paid-In Capital in excess of Par - Preferred share $28,000
It will be reported in balance sheet as follow:
Equity $
Preferred Stock 400,000
Paid-In Capital in excess of Par - Preferred share 28,000
Explanation:
(a) Last dividend was paid on December 31, 2014, the subsequent 3 years are outstanding until December 31, 2017, so the total payable dividend is $240,000 which will be reported on Balance sheet.
(b) 4000 preferred shares on par value are converted to 7 common shares each at $10 par value.
(c) Preferred stock issued @ $107 will be reported as Preferred stock of $400,000 and Paid-In Capital in excess of Par - Preferred share of $28,000.