Each of two stocks, C and D, are expected to pay a dividend of $3 in the upcoming year. The expected growth rate of dividends is

Response:

$8,000

Clarification:

                                                    khaki shorts           khaki pants

machine minutes per unit                    15                         24

contribution margin per unit               $16                       $32

CM per machine minute                  $1.067                   $1.33

minimum demand                            3,000                   3,000

machine minutes required              45,000                72,000

total machine minutes available               288,000

total machine minutes remaining               171,000

production                                             0                       7,125

total production                                3,000                   10,125

total contribution margin               $48,000               $324,000

adding 100 more machine hours will elevate production time by 6,000 minutes, enabling the creation of an additional 250 khaki pants. Thus, the contribution margin increases by 250 x $32 = $8,000

I calculated contribution margin per minute; alternatively, contributing margin per hour could also be computed to identify which product yields better profitability.  Contribution margin per hour for shorts = $64, and for pants = $80. The outcome remains unchanged.

Answer:

He will incur a charge of $2000 due to a special assessment tax for the sidewalk.

Explanation:

The information provided indicates that the lot in question is an interior one, suggesting we should assess only one dimension of the property since the sidewalk is constructed at either the front or the rear.

The lot size is 100 feet in width and 500 feet in length.

The cost for constructing the sidewalk is $40 per linear foot.

The city will pay half of the total expense.

100 feet multiplied by $40 equals $4000.

The city contributes 50% of the expense, meaning the homeowner is responsible for the remaining 50%.

Thus, the homeowner's share will be 50% of $4000, which is calculated as 0.5 times $4000, yielding $2000.

He will incur a charge of $2000 due to a special assessment tax for the sidewalk.

Answer:

5. Recognized direct and indirect labor utilized.

Debit Work in Process Inventory and Manufacturing Overhead.

Credit Factory Labor

Direct labor is debited to Work in Process Inventory to demonstrate its direct contribution. Both are credited to the Factory Labor account.

6. The production department requested indirect materials for factory use.

Debit Manufacturing Overhead

Credit Raw Materials Inventory.

Since these materials are indirect, they fall within Manufacturing Overheads.

These were taken from the Raw Materials account, necessitating a credit.

8. Completed products were shifted to finished goods.

Debit Finished Goods Inventory

Credit Work in Process Inventory

Both accounts being asset accounts means when reducing one account, you credit it, and when increasing another, you debit it. Goods were moved from the Work in Process account, so it was credited.

10. Payment was made for previously purchased raw materials on account. (The response for this transaction is for the prior question).

Debit Accounts Payable

Credit Cash.

These raw materials were acquired on credit, making them a liability. Once they are paid, Accounts Payable must be reduced through a debit. Cash is credited since it represents an asset decreasing.