Answer
The number of shares.
Explanation
Cash Dividend is the amount of money paid to stakeholders as part of the firm’s current earnings. Cash dividends are applied by companies to return capital to shareholders in a manner of periodic cash payments. Cash dividends are paid on a per-share basis. To figure out Jackson’s cash dividend, we require to know the share number and multiply it by the per share dividend for each quarter.
For the Year Ended December 31, 2022
Sales revenue $ 145,200
Cost of goods sold 105,000
Gross profit 40,200
Selling expenses $10,800
Administrative expenses 3,600 14,400
Income from operations 25,800
Interest expense 1,800
Income before income taxes 24,000
Income tax expense 4,800
Net income $ 19,200
Additional data:
1. Depreciation expense was $10,500.
2. Dividends declared and paid were $12,000.
3. During the year equipment was sold for $5,100 cash.
This equipment cost $10,800 originally and had accumulated depreciation of $5,700 at the time of sale.
Prepare a statement of cash flows using the indirect method.
Answer:
statement of cash flows using the indirect method
Cash flow from Operating Activities
Cash Receipts from Customers $145,200
Cash Paid to Supplies and Employees ($108,900)
Net Cash from Operating Activities $36,300
Cash flow from Investing Activities
Proceeds from Sale of Equipment $5,100
Net Cash from Investing Activities $5,100
Cash flow from Financing Activities
Dividends Paid ($12,000)
Net Cash from Financing Activities ($12,000)
Movement during the period $29,400
Cash and Cash Equivalents at Beginning of the Period 0
Cash and Cash Equivalents at the End of the Period $29,400
Explanation:
Cash Receipts from Customers Calculation :
Sales revenue $ 145,200
Assuming Cash Sales
Cash Paid to Supplies and Employees Calculation :
Cost of goods sold $105,000
Add Selling Expenses $10,800
Add Administrative expenses $3,600
Less Depreciation ($10,500)
Cash Paid to Supplies and Employees $108,900
The statement of cash flows for Crane Company using the indirect method starts with the net income and then adjusts for non-cash items such as depreciation and the gain/loss from equipment sale. The net Cash provided by operating activities would be $17,700. This method helps understand the cash movements within the company.
To prepare a statement of cash flows for Crane Company for the year ended December 31, 2022 using the indirect method, you first start with the net income from the income statement and then make adjustments for changes in non-cash items, add back depreciation expense (a non-cash item) and account for the gain/loss from the sale of equipment. The prepared statement would look like this:
The net Cash provided by operating activities would be $17,700 ($19,200 + $10,500 - $12,000). This method helps in revealing the sources and uses of cash within the company.
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Answer:
The correct answer is D.
Explanation:
Giving the following information:
The per-unit standards for direct labor are 2 direct labor hours at $15 per hour. If in producing 1800 units, the actual direct labor cost was $48000 for 3000 direct labor hours worked.
We need to calculate the total direct labor variance, using two formulas:
Direct labor efficiency variance= (SQ - AQ)*standard rate
Direct labor efficiency variance= (1,800*2 - 3,000)*15= $9,000 favorable
Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity
Direct labor rate variance= (15 - 48,000/3,000)*3,000= $3,000 unfavorable
Total direct labor variance= 9,000 - 3,000= $6,000 favorable
Answer:
Given this change in the cost, the adequacy and quality of the estimated cost drivers and costs used by the system will determine the costing results for SR6 under the new system.
Explanation:
A cost driver can be described as the unit of an activity or any factor that makes the cost of an activity to fluctuate. An estimated cost driver is adequate and of the expected quality when quality or quantity is satisfactory or acceptable.
Therefore, given this change in the cost, the adequacy and quality of the estimated cost drivers and costs used by the system will determine the costing results for SR6 under the new system.
Cannady has transitioned from a traditional to an Activity-Based Costing system, which uses three cost drivers. As a result, the cost of manufacturing SR6 rose from $168 to $178 per unit due to the more accurately distributed costs.
In this context, Cannady's move from a traditional cost system using a single cost driver to an Activity-Based Costing (ABC) system that uses three cost drivers resulted in a change in the unit cost of their SR6 product. The new price reflects a more accurate calculation of the costs incurred in producing SR6.
In a traditional cost system, overhead costs are simply divided by the total number of units produced using one cost driver. With the ABC system, costs are allocated based on the actual activities that consume resources, making the costs more accurate. Therefore, the unit cost of SR6 increased from $168.00 to $178.00 under the new system as the costs were more accurately allocated under the ABC system.
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Answer:
The correct answer is letter "B": False.
Explanation:
Kantian ethics, named after Immanuel Kant (1724-1804), propose that actions such as theft or lying are absolutely forbidden even when the action brings the individual certain level of happiness. The Utilitarian Approach pursues obtaining maximum satisfaction by minimizing harm. Though, that minimal harm is subjective since it could represent greater harm for the individuals affected.
Thus, in both Kantian and utilitarian approaches ethical wrong is committed by deceiving consumers, producers, and the overall market efficiency.
Answer:
Demand And Supply
Explanation:
Demand and supply are the biggest factors of buisness when demand becomes higher than supply it results in angry customers and unhappy reviews
a. Compute the cash payback period. (Round answer to 1 decimal place, e.g. 10.5.)
b. Compute the annual rate of return on the proposed capital expenditure. (Round answer to 2 decimal places, e.g. 10.52%)
c. Using the discounted cash flow technique, compute the net present value.
Answer:
Payback period = 3.6 years
Annual rate of return = 11.50%
NPV = 243.59
Explanation:
The payback period: The estimated number of years it will take the initial cost to be recouped.
Payback period= initial cost/ Net cash inflow
= 183,600/51,000
= 3.6 years
Annual rate of return is the average annual income as a percentage of average investment
Annual rate of return = annual net income/ average investment
Average investment =( Initial,cost + scrap value)/2
= (183,600 + 0)/2 = 91,800
Annual rate of return = (10,557/91,800)× 100
= 11.50%
Net Present Value = The present value of cash inflow less the initial cost
PV of cash inflow = A × (1- (1+r)^(-n))/r
= 51,000 × (1- (1.12)^(-5)/0.12
= 183,843.59
NPV = 183,843.59 - 183,600
= 243.59