Envirosax reusable shopping bags are stylish and affordable, and they eliminate the need for plastic store bags. Envirosax reusable shopping bags most likely fall in the category of ________ products
A) deficient
B) pleasing
C) mature
D) desirable
E) unpleasing
D
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Ace Industries has the following shareholders' equity accounts at December 31, 2018: Preferred stock, $100 par value, 10% dividend, 50,000 shares issued and outstanding$5,000,000 Common stock, $6 par value, 1 million shares issued and outstanding 6,000,000 Paid-in capital in excess of par 119,000,000 Unrestricted retained earnings 7,500,000 Retained earnings restricted for plant expansion 2,500,000 Assuming that the preferred stock is cumulative, and that there are no dividends in arrears, what is the maximum dividend that may be distributed to common shareholders at December 31, 2018?
A. $9,500,000 B. $7,000,000 C. $2,000,000 D. $7,500,000
How would XBRL GL facilitate the SEC-required XBRL submission of a company's regulatory filings?
What will be an ideal response?
Labadie Corporation manufactures and sells one product. The following information pertains to the company's first year of operations: Variable costs per unit: Direct materials$94Fixed costs per year: Direct labor$575,000Fixed manufacturing overhead$1,600,000Fixed selling and administrative expenses$748,000 The company does not have any variable manufacturing overhead costs or variable selling and administrative expenses. During its first year of operations, the company produced 25,000 units and sold 22,000 units. The company's only product is sold for $251 per unit.Assume that the company uses a variable costing system that assigns $23 of direct labor cost to each unit that is produced. The unit product cost under this costing system is:
A. $215 per unit B. $117 per unit C. $181 per unit D. $94 per unit
What is a distribution of profits to shareholders, usually paid quarterly?
A) Splitting B) Stock Splits C) Dividends D) Profit Sharing E) Re-Disbursing