Use the information below for Barton Shipping Corp for 2016 and 2017 to answer the following question. Retained earnings, December 31, 2016 $300,000 Retained earnings, December 31, 2017 345,000 Dividends payable, December 31, 2016 19,000 Dividends payable, December 31, 2017 29,000 Net income—2017 150,000 How much cash did Barton Shipping pay for dividends during 2017?
a. $95,000
b. $105,000
c. $115,000
d. $140,000
a
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All of the following are ways one corporation could affect the operating and financial policies of another corporation except
a. analysis of data regarding profitability. b. material transactions between the companies. c. representation on the board of directors. d. exchange of managerial personnel.
Many companies use referrals by current employees as a source for new hiring because
A. current employees are normally very careful in recommending someone because their credibility is on the line. B. it is more expensive than the fees paid to headhunters. C. it is a good test of employee loyalty. D. current employees are very competitive and want to outperform those they refer.
Hadley Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price$126 Units in beginning inventory 0Units produced 1,900Units sold 1,800Units in ending inventory 100 Variable costs per unit: Direct materials$49Direct labor$28Variable manufacturing overhead$5Variable selling and administrative expense$11Fixed costs: Fixed manufacturing overhead$32,300Fixed selling and administrative expense$23,400What is the total period cost for the month under variable costing?
A. $43,200 B. $55,700 C. $75,500 D. $32,300
Travis, age 24, serves as a reverse mentor to his boss Clarissa, age 56, when he
A) invites her to his backyard barbeque with his family and friends. B) coaches her on the latest technology in their field. C) asks for her to help him improve his financial situation. D) suggests that she transfer to a different division of the company.