The following cost data pertain to the operations of Montgomery Department Stores, Inc., for the month of July.
Corporate legal office salaries $56,000
Apparel Department cost of sales—Evendale Store $90,000
Corporate headquarters building lease $48,000
Store manager's salary—Evendale Store$12,000
Apparel Department sales commission—Evendale Store $7,000
Store utilities—Evendale Store $11,000
Apparel Department manager's salary—Evendale Store $8,000
Central warehouse lease cost $15,000
Janitorial costs—Evendale Store $9,000
The Evendale Store is just one of many stores owned and operated by the company. The Apparel Department is one of many departments at the Evendale Store. The central warehouse serves all of the company's stores.
1. What is the total amount of the costs listed above that are direct costs of the Apparel Department?
2. What is the total amount of the costs listed above that are direct costs of the Evendale Store?
3. What is the total amount of the Apparel Department's direct costs that are also variable costs with respect to total departmental sales?

Answers

Answer 1
Total direct costs for the Apparel department is  $105,000Total direct costs for the Even-dale Store $137,000

What is Direct Cost?Direct costs are expenses that can be linked directly to the creation of a good or service. Additionally, a cost object, also known as a department, service, or product, can be used to link a direct cost to. Direct labour expenses, such as those associated with directly providing packing services, and direct material costs are examples of direct costs (e.g., wood for producing wooden tables).Costs that can't be directly attributed to a single cost object because they are connected to two or more final cost objectives are referred to as indirect costs. The industrial facility's guards, for instance, cannot be linked to a single department. Their salaries are indirect expenses as a result.Costs that vary depending on how many units are produced are known as variable costs. This implies that if production volume grows, the total variable cost also does so. For instance, if a producer of wooden tables produces 100 tables rather than 50 tables, the business will need to buy extra wood. Consequently, the overall variable cost will rise.No matter the volume of goods produced, fixed costs are expenses that never change. For example, rent is a fixed expense. The fundamental reason for this is that, regardless of the firm's productivity level, rent must be paid.

The department of apparel's overall direct expenses are as follows:

Cost of sales for the clothing section of Even-dale StoreSales commission for the clothing department of Even-dale StoreSalary of the clothing department manager at Even-dale Store

Therefore:

Total direct costs for the Apparel department = $90,000 + $7,000 + $8,000 = $105,000

The Even-dale Store's overall direct costs are:

Cost of sales for the clothing section of Even-dale Store

Even-dale Store wage for store managersEven-dale Store utilities, the clothing department sales commissionSalary of the clothing department manager at Even-dale StoreEven-dale Store cleaning fees

Therefore:

Total direct costs for the Even-dale Store = $90,000+ $12,000 + $7,000 + $11,000 + $8,000 + $9,000 = $137,000

Total direct expenses for the apparel division that are also variable expenses are as follows:

Cost of sales for the clothing section of Even-dale StoreSales commission for the clothing department of Even-dale StoreSince it is a fixed expense, the manager's compensation is not included.

Therefore:

The total costs and variable costs for the Apparel department = $90,000 + $7,000 = $97,000.

To learn more about Direct Cost refer to:

https://brainly.com/question/28456082

#SPJ4


Related Questions

According to Asch's pioneering work on conformity, which of the following statements is true?Conformity refers to behavior that occurs only in response to direct social pressure.Groups that unanimously support a position show the least pronounced conformity pressures.Having just one person present who shares the minority point of view is sufficient to reduce conformity pressures.The more attractive a group appears to its members, the lesser its ability to produce conformity.

Answers

Option C is correct. Having just one person present who shares the minority point of view is sufficient to reduce conformity pressures.

What happened in Solomon Asch's experiment?

Participants were asked to complete what they believed to be a straightforward vision test in Asch's experiment on conformity, which involved choosing the line that was the closest in size to another line. Confederates, who purposefully provided false information, were assigned to groups of participants. In contrast to the control condition, when only around 1% of participants responded wrongly, about 33% of participants who felt peer pressure gave the wrong answer to a straightforward "vision test."

To know more about Asch's experiment visit:       brainly.com/question/4036719

#SPJ4

efer to exhibit 30-3. suppose that firms a, b, and c are the only polluters in the state and that each emits 4 tons of pollution into the atmosphere. to cut the level of pollution in half the government issues two transferable pollution permits to each firm. what is the total cost to society of decreasing pollution to half its present level if firm c buys one pollution permit from firm a and one pollution permit from firm b? group of answer choices $515 $965 $1,300 $10,350 $1,380

Answers

For Firm C, continuing to pollute and pay taxes will be more cost-effective. Therefore, business C won't make any emission reductions. 2 tons of pollutant removal will cost Firm C $1,300. Insurance deductibles are designed to help insurance companies with their moral hazard issue.

What is tax? what does tax mean?

A tax is a necessary fee or financial charge that any government imposes on a person or a business in order to raise money for public projects that fund the greatest services and infrastructure.

Why do we pay taxes?

Taxes give the federal, state, and local governments the money they need to pay for basic services that all residents rely on but are unable to adequately supply for themselves, such as defense, roads, police, and the judicial system.

To know more about tax visit:

https://brainly.com/question/16423331

#SPJ4

huge differences in the wealth of relatively similar countries such as north and south korea are an example of how different and political conditions affect businesses. multiple choice question. cultural social economic geographic

Answers

Huge differences in the wealth of relatively similar countries such as North and South Korea are an example of how different economics and political conditions affect businesses.

How economic and political conditions affect businesses?

The economy encompasses all actions carried out in a nation that are related to the production, usage, and distribution of products and services. Business operations are significantly impacted by the economy. Consumer spending has an impact on prices, investment choices, and the number of employees that businesses hire.

One of the main difficulties in doing business internationally is the subtleties of a given nation's politics. Political leaders frequently make decisions that affect taxation, transportation, education, and labor legislation, all of which have an impact on business.

The market's changing economic conditions have an impact on all businesses, whether they are domestic or global. Among the various economic elements that influence business are interest rates, supply and demand, the recession, inflation, etc.

To learn more about Political conditions affect businesses refer to:

https://brainly.com/question/14740000

#SPJ4

true or false: a social media policy outlines how an organization and its employees should conduct themselves online.

Answers

True, a social media policy outlines how an organization and its employees should conduct themselves online.

What is the purpose of a social media policy?

A social media policy is a document that specifies how staff members are expected to behave on social media. It aids in educating staff members about proper behavior and professionalism while also establishing rules and standards for preserving the brand's online reputation.

The social media policy may be found as a multi-page document on a company's intranet. Expectations for online conduct by employees, Dos and Don'ts, and duties in terms of law or compliance will all be extensively covered.

The social media policy is frequently made available to new employees as a part of the employment contract between them and their coworkers. Additionally, it will be discussed at new employee onboarding.

to learn more about social media click:

https://brainly.com/question/13909780

#SPJ4

mitchell recognizes revenue for the project at a point in time and did not satisfy any of the performance obligations for revenue recognition in year 1. what amount should mitchell recognize as gross profit for year 2?

Answers

Mitchell doesn't fulfil any of the performance requirements for revenue recognition in year 1 and only acknowledges revenue for the project at a specific point in time.

What is performance give example?

A performance is when someone performs anything with the purpose of amusing an audience, such as singing, dancing, or acting. They were performing Bizet's Carmen inside the theatre, and she was playing the betrayed Medea. Synonyms include portraying, playing, acting, and staging. More alternatives to performance. nice, amazing, or subpar performance He was let go for doing poorly. John's leaving had nothing to do with how he performed. formal law

Know more about specific Visit:

https://brainly.com/question/27900839

#SPJ4

a married couple sells their principal residence of 20 years for $750,000.00. the adjusted cost basis is $100,000.00. how much of their gain is taxable

Answers

$100000 will be their gain is taxable at principal residence amount of $750,000 and adjusted cost of $100,000.

given data:

principal residence amount = $750,000

adjusted cost = $100,000

time period = 20 years

so gain is = $750,000 - $100,000

                = $650000

excluded from tax =  $650000 - $100,000

                              =  $550000

taxable = $650000 - $550000

             =$100000

Income that is subject to taxation is known as taxable income. Salary, earnings, tips, bonuses, employer-provided perks, and investment interest are examples of common taxable income. Inheritances and child support are two examples of income that could not be taxed. Someone has paid or will pay tax on something if it is taxable: In the intention of discouraging smokers, tobacco is substantially charged. The accident's contributing vehicle lacked insurance and taxes. Certain forms of income are referred to as exempt income and are not taxed. There are several forms of income that are not subject to either state or federal income taxes. The federal income tax exemptions that are available and the conditions under which they apply are determined by the IRS.

learn more about taxable here

https://brainly.com/question/26356808

#SPJ4

Which national program teaches youth how to make, save and spend money wisely?
a. mantle
b. matrix
c. onychomycosis
d. nail bed

Answers

A national FCCLA peer education programme called Financial Fitness instructs youth on how to earn, save, and spend money sensibly.

Financial Fitness FCCLA aims to educate and motivate teenagers to improve their knowledge of consumer culture, personal finance, and money management. Even though the average kid has a meagre wage, they frequently spend a lot of money. Students will learn sound financial management skills through this curriculum. Teenagers who learn money management skills will grow up to be financially savvy adults who can improve their quality of life, that of their families, and the economy.

To learn more about FCCLA refer here:

https://brainly.com/question/30228744

#SPJ4

anna dropped off her engagement ring with byron mckenna at b b mckenna jewelers to have the ring polished for her upcoming wedding. while byron was at lunch, betty mckenna, not knowing that the ring was there for polishing, placed the ring in a display case. shortly thereafter, harold entered the store, saw the ring in the display case and bought the engagement ring. what type of title does harold have to the ring?

Answers

The type of title does harold have to the ring good title.

What is considered as good title?An implied term of a land sale contract is "good title," which means that the seller must transfer to the buyer a clear, marketable title free of encumbrances, flaws, and potentially risky litigation from third parties who have legal rights to the property. A compelling title starts the process of educating and/or persuading readers by stating the essay's subject, thesis, and methodology. Strong titles also show your teacher or grader that you have comprehended the question and the contents.A business title, which is another name for a job title, describes a person's role inside an organization. An employee's status inside a company can also be determined by their title.

To learn more about good title refer to:

https://brainly.com/question/17387714

#SPJ4

malia's home has been assessed at $100,000. malia is a veteran whose disability from wartime service has been classified at 50%. what is her total homestead exemption?

Answers

The total homestead exemption is $25000.

What is homestead exemption?The homestead exemption is a way to minimize property taxes for homeowners. It is also a legal provision offered in most states that helps shield a home from some creditors following the death of a homeowner's spouse or the declaration of bankruptcy. The homestead tax exemption can provide surviving spouses with ongoing property tax relief, which is done on a graduated scale so that homes with lower assessed values benefit the most.The homestead exemption is helpful since it is designed to provide both physical shelter and financial protection, which can block the forced sale of a primary residence. However, the homestead exemption does not prevent or stop a bank foreclosure if the homeowner defaults on their mortgage. Foreclosure occurs when a bank takes possession of a home due to a failure to make timely mortgage payments.

To learn more about mortgage refer to:

https://brainly.com/question/1318711

#SPJ4

which of the following will prevent firms from engaging in price discrimination? a. yield management b. arbitrage c. transactions costs d. odd pricing

Answers

The following will prevent firms from engaging in price discrimination  Arbitrage .

A firm is a for-profit organization that provides professional services, such as a corporation, limited liability company (LLC), or partnership. Most companies only have one physical location. A business firm, on the other hand, is made up of one or more physical locations that are all owned by the same person and share the same EIN (EIN).The term "firm" can be used to describe a variety of business entities,

graphic design, marketing, and consultancy firms. When the word "firm" appears in a title, it is typically associated with businesses that provide specialized legal and accounting services.A firm is a for-profit business that provides expert services like accountancy or legal representation. Usually, it takes the form of an alliance.

Learn more about firm:

https://brainly.com/question/29840644

#SPJ4

Executive leaders champion and guide ideas by A) increasing their personal power. C) reinforcing ideas that did not work. B) creating a learning infrastructure. D) validating their formal authority.

Answers

Executive leaders champion and guide ideas by B) creating a learning infrastructure.

The ability of those who manage or supervise personnel in an organization to influence and steer these persons is referred to as executive leadership.

Those in charge of executive leadership processes often manage company operations such as meeting organizational goals, developing strategic plans, and making overall decisions.

Executive leadership comes in many forms, including servant leadership, honest leadership, and paternalistic leadership. Accountability, motivational leadership skills, problem solving talents, and considerable professional experience in their sector are all characteristics of great executive executives.

Strong executive executives must also be analytical in order to improve workforce productivity and obtain the maximum business benefit from corporate resources.

Executive leaders will use methods such as corporate and individual employee performance measurement, as well as risk assessment/analysis, to accomplish this.

To know more about executive leaders:

https://brainly.com/question/4232872

#SPJ4

water industries' quality control report for august contains the following items: gathering, analyzing, and reporting quality data$ 1,000 inspecting raw materials received from vendors2,000 testing and inspecting finished products3,000 visiting customer sites to test product4,000 designing product to reduce production problems5,000 repairing and/or replacing products under warranty6,000 maintaining the equipment used to gather quality data7,000 cost (net) of materials wasted during production8,000 what would be the total of the prevention costs on the august quality control report for water industries?

Answers

Total preventative expenses for the water industry reported in the quality control report for August: 21,000

How do QA and QC vary from one another?

Training, documentation, monitoring, and audits are just a few of the processes and procedures that QA primarily concentrates on. QC concentrates on the finished product to detect flaws that persisted after development. Software testing, beta testing, and canary testing are just a few of the methods used by QC experts to identify these problems.

What makes quality control crucial?

To ensure that a service or product is produced in accordance with a specified set of quality standards or that it fulfills the demands of the client or customer, quality control (QC) is a process or combination of procedures. QA and QC are connected yet different from one another (QA).

prevention costs = 1000 + 5000 = 6000

appraisal costs = 1000 + 3000 +4000 + 7000 = 15,000

conformance costs= 6000 + 15000 = 21,000

To know more about quality control visit:

https://brainly.com/question/14545138

#SPJ4

The August quality assurance report for such water industries lists a total of 21,000 in preventative costs.

By costs, what else do you mean?

Costs are the current price of items bought of supplier, services, manpower, goods, equipment, and other commodities for use by a business or other reporting entity. It is the amount that is shown as the wholesale cost and is documented in the accounting files as the market value of an item or asset.

Why do costs matter so much?

It helps you determine how to set prices and just how profitable your company is. However, precise costing is difficult, and many businesses struggle with it.

prevention costs = 1000 + 5000

= 6000

appraisal costs = 1000 + 3000 +4000 + 7000

= 15,000

conformance costs= 6000 + 15000

= 21,000

To know more about costs visit:

https://brainly.com/question/30045916

#SPJ4

a state or local government has the following funds: special revenue fund pension (and other employee benefit) trust fund investment trust fund permanent fund enterprise fund custodial fund internal service fund capital projects fund private-purpose trust fund how many governmental funds does this entity have? 9 5 3 4

Answers

he monies utilized to support public parks, libraries, universities, and wastewater management are a few example of special revenue funds.

What about Capital One as a bank?

Capital One Bank: Is it secure? To protect the security of account holders and personal information, Capital One takes a number of security precautions. These consist of SSL encryption, fraud prevention, locking functionality for debit cards, and more. In 2019 there was a security incident concerning credit card accounts at Capital One.

What is the capital of a bank?

Box 1: Capital requirements for banks and regulatory capital. Banks issue loans to individuals and businesses. They use both capital (stock) and debt to finance their lending operations. The liabilities portion of a balance sheet is made up of capital and debt: The most dependable source of funding is a bank's original capital.

To know more about capital visit:
https://brainly.com/question/29946431

#SPJ4

in assigning jobs to work centers in a low-volume system what three aspects are minimized? multiple choice question. number of work centers, setup time, and number of sequence steps scrap material, inventory levels, and throughput time processing costs, idle time, job completion time

Answers

In assigning jobs to work centers in a low-volume system the three aspects that are minimized are inventory levels, idle time and job completion time.

By inventory, what do you mean?

Inventory is the term used to describe all the products, materials, goods, and merchandise that a company has on hand and plans to sell to customers for a profit. The only item that will be regarded as inventory is the newspaper if the vendor delivers newspapers to customers using a vehicle. The car will be handled like an asset.

What is the primary objective of inventory?

The primary purpose of inventory is to guarantee a steady supply of resources for operations. Your company should seek to strike a balance between having enough inventory and not having enough, without ever running out, in order to carry out this function efficiently.

To know more about Inventory visit:

https://brainly.com/question/14184995

#SPJ4

For a large firm that produces and sells automobiles, which of the following costs would be a variable cost?a. The $20 million payment that the firm pays each year for accounting services,b. The cost of the steel that is used in producing automobiles,c. The rent that the firm pays for office space in a suburb of St. Louis,d. All of the above are correct.

Answers

For a large firm that produces and sells automobiles, b. The cost of the steel that is used in producing automobiles, would be a variable cost.

An expense for the company that varies according on how much is produced or sold is called a variable cost. Depending on a company's production or sales volume, variable costs grow or fall. They climb as production rises and reduce as production declines.

A manufacturing company's raw material and packaging costs, or a retail business' credit card transaction fees or shipping costs, which increase or decrease with sales, are examples of variable costs. A fixed cost and a variable cost can be compared.

Per unit produced, the variable cost of production is a fixed sum. Variable costs will rise as output and production volume do as well. On the other hand, the variable costs related to production will therefore go down if fewer products are created.

To know more about variable cost:

https://brainly.com/question/27853679

#SPJ4

All the activities a property manager does when marketing rental space are aimed toward the single goal of getting a list of potential tenants. rent paid. word of mouth advertising. a lease agreement.

Answers

Setting the rent price, promoting and marketing a property, putting vacant units up for rent, choosing desirable tenants, creating lease agreements, resolving complaints and other difficulties, collecting rent, and modifying the price are all tasks that fall under the purview of the property manager.

Explain the rent price with reference to business.

#1 Square feet for rent

The maximum amount that your landlord can charge you for space. When determining the rentable square footage of commercial real estate, owners frequently use the guidelines established by BOMA (Building Owners and Managers Association International).

Useful square feet, second

The total square footage of the space you are renting after subtracting the fee for the space you don't have access to. You may still be required to pay for space that is not useable, such as sections of the interior and exterior walls, corridors, and building lobby areas.

Factor #3: Building Load

The proportion of the building's common areas that is taken into account when calculating your lease payment. Consider an office building with 100,000 square feet and a 10,000 square foot lobby.

To learn more about rent price

https://brainly.com/question/28742076

#SPJ4

what would cause a bank statement not to agree with the cash balance in the accounting records? (select all that apply.)

Answers

-Outstanding deposits that are shown on the company's records but not the bank's.

-A company deposit was incorrectly recorded by the bank.

-When recording a deposit, the business erred.

-Interest was paid by the bank, which the business has not documented.

What is cash balance?

The sum of money that a business has on hand at the moment is called its cash balance. This cash is held in reserve to cover any unforeseen cash outflows. Without this financial safety net, companies might find themselves unable to cover their expenses.

Normally, cash balances are put toward debt repayment or given as dividends to investors. A cash balance is especially important for businesses where there is a big variance in the timing and volume of cash inflows and withdrawals. Businesses that have a large cash balance suffer from a financial drag and frequently miss out on investment possibilities.

To learn more about cash balance visit;

https://brainly.com/question/28873432

#SPJ4

if real estate prices tumble such that wealth declines by $320, what will be the new level of consumption at the $340 billion level of disposable income?

Answers

With $340 billion in disposable income, the new level of consumption will be $316 billion.

What do economists call the situation with savings indicated at the $240 level of income?

Therefore, $260 is the income necessary to break even. Saving $240 at the income level results in a loss. This is known as dissaving among economists.

What much of discretionary income must be earned to break even?

When all income is spent and savings are at zero, there is a break-even level of disposable income.

How do you calculate the equilibrium income and interest rate in a Keynesian setting?

The intersection of the AD and AS curves, in accordance with Keynesian theory, determines the equilibrium amount of income in an economy. Total demand refers to the

To know more about Disposable income visit:

https://brainly.com/question/30002018

#SPJ4

question 1 your supervisor gives you a new data analysis project with unclear instructions, and you become frustrated trying to figure out how to proceed. which actions can you take next that demonstrate a responsibility to move the project forward? select all that apply.

Answers

Conduct more study to comprehend the request's context.Plan a time to speak with your supervisor about the overall objectives in more detail.

What is a task including data analysis?

All of these processes are a part of data analysis, including data gathering, organization, connecting of data to show how variables relate to one another, interpretation of the data, and reporting of findings. The method used to acquire the data will usually dictate the sort of analysis that is required.

How have you acted in an ambiguous situation at work?

When describing the murky situation to your interviewer, be sure to include how you handled it in your previous job by using specific techniques. Highlight how you organized your teammates or came up with a strategy to resolve the confusing problem to show how you contributed to finding a solution.

How do you handle ambiguity when addressing challenges in a project?

You can combat uncertainty by being aware of its causes. After that, employ the appropriate strategies to address the causes, eradicating them if possible or reducing the risk that they will occur, as well as managing their effects.

Learn more about data analysis: https://brainly.com/question/28840430

#SPJ4

Assuming Elena is guaranteed to sell 100 plates at the Brain Food event, what's the relevant benefit of attending it

Answers

The relevant benefit is guaranteed profit.

Profit is a source of income given to the owner throughout a successful market-producing procedure. Profitability, which is the owner's primary interest in the income-formation process of market production, is measured by profit. Individuals from an organisation receive guaranteed income from partners in exchange for their time, services, or financial contributions.

The payments are essentially free remuneration for partners, regardless of the organization's success. Since she will be selling 100 plates at the Brain Food event, Elena will specifically benefit by going because she is assured of making a profit of at least $100. She has a fantastic chance to boost her income and promote her company at the same time.

Read more about guaranteed profit on:

https://brainly.com/question/21637154

#SPJ4

howard's in the process of creating a display campaign and decides to use custom intent audiences as a targeting option. he'd like to influence customer consideration, but his niche audience isn't covered by an in-market audience segment. which two data inputs can howard submit to best represent his audience? (choose two.)

Answers

Keywords and URLs are the two data inputs that Howard can submit to best represent his audience.

The origin of the English given name Howard is Old French Huard (or Houard), which is connected to Old High German *Hugihard ("heart-brave") or *Hoh-ward ("high defender; chief protector"). The unrelated Hayward and the Old Norse cognate Haward (Hávarr), which means "high guard," might occasionally also be mistaken with it. It occasionally derives from the Old English word "ewe herd," eowu hierde. The Anglo-Norman language commonly rendered the French digraph "ou" as "ow," as in the terms "tour" (tower), "flour," a westernised variant of "fleur," "flower," etc (with svarabakhti). Howie is a diminutive, while Ward is a condensed form (most common in the 19th century).

learn more about Keywords here

https://brainly.com/question/16559884

#SPJ4

cpa 3% of oro's ending accounts receivable have been uncollectible. after provision is made for bad debt expense for the year ended december 31, the allowance for uncollectible accounts balance would be:

Answers

The allowance for uncollectible accounts balance after provision is made for bad debt expense would be 0.09 (3% of Oro's ending accounts receivable of 3,000).

The allowance for uncollectible accounts is an estimate of the amount of accounts receivable that will not be collected. To calculate the allowance for uncollectible accounts after provision is made for bad debt expense, you need to multiply the ending accounts receivable by the estimated uncollectible rate. In this case, the rate is 3% and the ending accounts receivable is 3,000, so the allowance for uncollectible accounts balance after provision is made for bad debt expense would be 0.09 (3% of 3,000).

To know more about accounts here

https://brainly.com/question/13565895

#SPJ4

the process of creating a product in the entertainment business, whether it be a movie or video game, is called

Answers

The process of creating a product in the entertainment business, whether it be a movie or video game, is called storyboard.

What does a storyboard explain?

A storyboard is a visual representation of how your video will progress, shot by shot. It consists of a number of squares with images or illustrations depicting each shot, along with comments on what's happening in the scene and what is being said in the screenplay at that point in the shot.

Why do storyboards get used?

A storyboard serves as a planning tool. It is produced in advance of the creation of the finished product and is employed to illustrate a narrative or highlight scene changes.

                  This will frequently be determined by a timeline, but it may also be determined by the user's navigation or selection choices.

Learn more about  storyboard.

brainly.com/question/23908422

#SPJ4

mountain view, inc. has 50,000 shares of 8%, $100 par value, noncumulative preferred stock and 100,000 shares of $1 par value common stock outstanding at december 31, 2017. there were no dividends declared in 2016. the board of directors declares and pays a $500,000 dividend in 2017. what is the amount of dividends received by the common stockholders in 2017? group of answer choices $0 $400,000 $500,000 $100,000

Answers

The common investors got $400,000 in dividend payments in 2017.

What is the amount of dividends received by the common stockholders in 2017?

As of December 31, 2017, Mountain View, Inc. has 50,000 shares of 8% noncumulative preferred stock with a par value of $100 and 100,000 shares of common stock with a par value of $1 outstanding. The $100 par value of the 8% preferred stock entitles each share to an annual dividend payment of $8. Therefore, 50,000 shares times $8 is $400,000 in total dividends for the preferred stock.

In 2017, the board of directors declares and distributes a dividend of $500,000.The number of dividends received by common shareholders must be calculated by deducting the $400,000 in dividends paid to preferred stockholders from the $500,000 in dividends declared since the preferred stock has a priority claim to dividends. Therefore, the amount of dividends received by the common stockholders is $500,000 - $400,000 = $100,000.

Therefore, $100,000 is the right response.

Learn more about dividends from the link below

https://brainly.com/question/29510262

#SPJ4

carey company adheres to us gaap, whereas jonathan company adheres to ifrs. it is least likely that:

Answers

Carey Company adheres to US GAAP, whereas Jonathan Company adheres to IFRS. It is least likely that Carey has reversed an inventory write-down.

Option A is correct .

Reversing inventory write-downs is not permitted by US GAAP.

Write- down inventory :

When an inventory loses value and falls below its book value, the procedure that must be followed is an inventory write-down. A company's balance sheet and income statement are affected by the write-down, which ultimately affects the company's net income and retained earnings.

How is the write-down of inventory calculated?

The difference between the inventory's book value and the cash the business can make by disposing of it in the best possible way is the amount that needs to be written down.

What distinguishes inventory write-off from inventory write-down?

Inventory must be written off completely from the profit and loss account and valued at zero in inventory written down, while inventory written off must be valued at the lower of cost or net realizable value.

complete question is given below :

For questions 6-17, assume the companies use a periodic inventory system.

Carey Company adheres to US GAAP, whereas Jonathan Company adheres to IFRS. It is least likely that:

A.Carey has reversed an inventory write-down.

B.Jonathan has reversed an inventory write-down.

C.Jonathan and Carey both use the FIFO inventory accounting method.

Learn more about Write-down inventory :

brainly.com/question/29835125

#SPJ4

beatrice, hazel, cleo, and john are all siblings. between them, they provide 100% of the support for their mother. each of them contributes the following amounts: beatrice - 45%, $13,500. hazel - 38%, $11,400. cleo - 9%, $2,700. john - 8%, $2,400. who may claim the dependent exemption for their mother?

Answers

As long as she contributes the greatest percentage and everyone signs the multiple support paperwork, Beatrice could claim the exemption.

Claims exemption: what is it?

You can only request an exemption from withholding if both of the following conditions hold true: Because you were no tax obligation the previous year, you were entitled to receive a refund among all federal tax withheld. You anticipate receiving a refund over all government income income withheld. withheld for such current year.

What qualifies as a withholding exemption claim?

The employee would have had no taxable income for the prior year and not anticipate having any for the coming year in order to be eligible for this exempt status.

To know more about claim exemption visit:

https://brainly.com/question/26691563

#SPJ4

Which of the following is the easiest and most popular technique for appraising employee performance?A) alternation rankingB) graphic rating scaleC) forced distributionD) constant sum rating scale

Answers

The correct option is (B) i.e. graphic rating scale is the easiest and most popular technique for appraising employee performance.

A graphic rating scale is a type of performance appraisal method that involves rating an employee's performance on a scale of 1 to 10 or 1 to 5, with corresponding descriptions of performance levels. The scale is usually divided into several categories such as job knowledge, quality of work, productivity, etc. The supervisor or manager then rates the employee's performance in each category, providing a quantitative measure of the employee's performance. This method is popular because it is easy to understand and use, it is objective, and it can be used for a variety of jobs. It also allows for an easy comparison of performance between employees, and it also allows for a clear communication of expectations to employees. Alternation ranking, forced distribution, and constant sum rating scale are also methods used to evaluate employee performance, but they are less popular and more complex than the graphic rating scale. Alternation ranking involves ranking employees from best to worst. Forced distribution involves placing a certain percentage of employees in different performance categories. Constant sum rating scale involves allocating a fixed number of points among several performance factors.

To know more about performance please refer: https://brainly.com/question/13342991

#SPJ4

which of the statements below are true about lcm? (check all that apply.) multiple select question. when market value is lower than cost, a loss is recorded. market value is used as the replacement cost when using the lifo method. when market value is higher than cost, a gain is recorded. a decline in market value means a loss in value of inventory.

Answers

A loss is recognised when the market worth is less than the cost. The replacement cost when applying the lifo approach is market value.

What do you mean by your replacement?

A replacement is a thing that stands in for something else or the process of replacing something else. Your absent teacher's replacement is a grating replacement.

replacing something or someone with something else: replacement of sth To pay for the replacement of a failing pipe network, water prices will increase.

A replacement is a thing that stands in for something else or the process of replacing something else. Your absence's replacement is.

To know more about  market visit:

https://brainly.com/question/13414268

#SPJ4

given the following tax structure: taxpayer salary total tax mae $ 10,000 $ 600 pedro $ 20,000 ??? required: what is the minimum tax that pedro should pay to make the tax structure vertically equitable with respect to the amount of tax paid? this would result in what type of tax rate structure?

Answers

The minimum tax that Pedro should pay is $1,200, which is double Mae's tax of $600.

What is tax?

Tax is a financial obligation or levy imposed by a government on people or businesses to fund various public expenditures. Taxes are typically based on income, wealth, or property, and are collected by the government to fund public services such as infrastructure, defense, public welfare, and public health. Taxation is one of the primary sources of revenue for governments, and is used to finance a variety of public services and programs.

This results in a progressive tax rate structure, where those with higher incomes pay a higher rate of tax. This type of structure is designed to ensure that those with higher incomes pay their fair share of taxes and contribute more to the government’s revenue.

To learn more about tax
https://brainly.com/question/28798067
#SPJ4

The state in which Jim Jungle works requires a mortgage loan originator be covered by a surety bond. The bond must be maintained in an amount that reflects the
number of loans Jim's employer originates annually.
dollar value of loans Jim originates annually.
dollar value of loans Jim closes annually.
number of loans originated by Jim annually.

Answers

Option B is correct, dollar values of loans Jim originates annually. The surety bond's punitive sum must be kept in an amount that corresponds to the total amount of originated loans.

What Is a Performance Bond?

A performance bond is a sum of money that protects one party to a contract from the other party's breach of contract. It's also known as a contract bond. To ensure that a contractor completes specified projects, a bank or insurance firm would typically offer a performance bond. A performance bond serves as a financial assurance that a contract's conditions will be upheld. The bond is paid to the other party in the event that one of the contract's parties is unable to fulfill their duties, making up for any losses or expenses incurred.

To know more about Performance Bond visit:                   brainly.com/question/14127419

#SPJ4

Other Questions
when c++ is working with an operator, it strives to convert the operands to the same type. T/F which of the following instruments is usually tuned to the notes E - A - D - G - B - E the physician suspects a client may have klinefelter syndrome. to confirm the diagnosis, the chromosome pattern would identify: How much work is done using a 60 W lightbulb for one hour a firm is operating in the long run where marginal cost, marginal revenue, average total cost, and demand intersect at a single point. this market structure must be Luis, Mara y Ricky presentaron un ensayo sobre sus respectivas edades. Ricky es 3 aos mayor que Luis. Si la edad de Luis es de 23 aos y la suma de las edades de los tres es de 77 aos, cul es la edad de Mara? Read the Republican Party platform from 1860 in the original and in a modern copy. List the specific ways that the party is appealing to northern and western voters. The short-run economic outcome resulting from the increase in production costs is known asstagflation . Now suppose that the government immediately pursues an accommodative policy by increasing government purchases in response to the short-run economic impact of the higher oil prices. In the long run, when the government pursues accommodative policy, the output in the economy will be $100 billion and the price level will be 100 . you are writing guidance for departmental managers to request new software installs. you want each manager to consider impacts to the business, operation, network, and devices as part of their request. in terms of impacts to business, you have written guidance to consider support and training requirements. what other topic should you include? the new astm standards for footwear specify that it should local contributing factors alone can initiate gingivitis. local contributing factors alone cannot cause periodontal disease. group of answer choices a) both statements are true b) both statements are false c) the first statement is true; the second is false d) the first statement is false; the second is true Scenario A dump truck is making a very fast left turn as shown. In the back are two blocks of ice, one mass M and one mass m (M > m). The truck does not roll over. a near vision screening test, which can be used in the provider's office, can screen the patient for which vision problem? PLEASE HELP IXLL i need to answer this one right only a couple more points An error was made in writing this function so that it does not work as intended. Which line of code would need to be fixed in order for the function to work as designed how can you distinguish between a manually added page break and an automatic page break in a worksheet? a. automatic page breaks appear as dashed lines while manual page breaks appear as wavy lines. b. automatic page breaks appear as curved lines while manual page breaks appear as jagged lines. c. automatic page breaks appear as zigzag lines while manual page breaks appear as solid lines. d. automatic page breaks appear as dashed lines while manual page breaks appear as solid lines. Homework Help please for Algebra, the math problem is in the picture below Suppose that Boris' blood pressure can be modeled by the following function.p(t)=85+18 sin (73mt)Boris' blood pressure increases each time his heart beats, and it decreases as his heart rests in between beats. In this equation, p (t) is the blood pressure inmmHg (millimeters of mercury), and t is the time in minutes.Find the following. If necessary, round to the nearest hundredth. why did martin luther disagree with johann tetzel which of the following is not considered crucial for life to exist on some world?a liquid, such as liquid water.