Piper Corporation’s standards call for 5,400 direct labor-hours to produce 1,800 units of product. During October the company worked 1,700 direct labor-hours and produced 1,550 units. The standard hours allowed for October would be: (Round your intermediate calculations to 1 decimal place.) Multiple Choice 5,400 hours 1,700 hours 4,650 hours 3,850 hours
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Ответ:
A : $240,000
Explanation:
Provided information, we have
Opening stockholder's Equity = $200,000
Net income earned during the month = $50,000
Dividends paid during the month = $10,000
Stockholder's Equity = Common Stock + Retained Earnings
Retained Earnings = Net income - Dividend
= $50,000 - $10,000 = $40,000
Therefore, Stockholder's Equity at month end = $200,000 + $40,000 = $240,000
Correct option is
A : $240,000