The board of directors declared a $2 per share cash dividend on common stock and the corporation had 5,000 shares authorized and 4,000 shares outstanding. The entry required to record the declaration of dividends would be
a. a debit to Cash and a credit to Common Dividends Payable.
b. a debit to Common Dividends Payable and a credit to Cash.
c. a debit to Retained Earnings and a credit to Common Dividends Payable.
d. a debit to Cash Dividends and a credit to Common Dividends Payable.
d
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Cost of Materials Used $40,000 Direct Labor costs $55,000 Factory Overhead $32,000 Work in Process, beg. $28,000 Work in Process, end. $18,000 Finished Goods,beg. $28,000 Finished Goods, end. $18,000 What is Cost of Goods Sold?
A) $147,000 B) $137,000 C) $10,000 D) $128,000
A customer-focused business strategy:
A. stresses doing more with less by minimizing costs, encouraging productivity increases, and specifying in greater detail exactly how jobs should be performed. B. places less emphasis on evaluating skills and jobs and more emphasis on incentives designed to encourage innovations. C. stresses new products and short response times to market trends. D. focuses on business practice or process that results in better performance than one's competitors. E. stresses delighting customers and bases employee pay on how well they do this.
Methods employed in estimating costs include each of the following except
A) ROI. B) DE. C) AHE. D) ROME.
Adam Smith was a great proponent of the ____________________ of labor.
Fill in the blank(s) with the appropriate word(s).