
1.
Outstanding shares
Outstanding shares are referred as all the shares of company and financial assets that have been authorized, issued and purchased by the investors.
To determine:Calculate the number of outstanding shares on each cash
2.
Cash Dividend
Cash dividends are referred as the money which is paid to stockholders for the investment made in the shares of organization.
To explain:Calculate the amount for each of the cash dividends.
Stock Dividend
Stock dividend are referred as dividend which are declared from profits of the company which are distributing by the company by issuing additional shares.
To determine:Calculate the capitalization of
Stock Dividend
Stock dividend are referred as dividend which are declared from profits of the company which are distributing by the company by issuing additional shares.
To determine:Calculate the per share cost purchased treasury cost.
Net Income
Net income is referred as the profitability of the company. It is calculated as entity’s income minus Cost of goods sold, expenses,
To determine:Calculate the net income for the year 2016.

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Chapter 11 Solutions
Connect Access Card for Financial Accounting: Information and Decisions
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- Step by Step Answerarrow_forward??!!arrow_forwardBlakely Manufacturing bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for the most recently completed year appear below: • Estimated machine-hours = 24,000 • . Estimated variable manufacturing overhead = $7.95 per machine- hour Estimated total fixed manufacturing overhead = $530,400 • Actual machine-hours for the year = 25,500 What is the predetermined overhead rate for the recently completed year?arrow_forward
- HELParrow_forwardI Want Answerarrow_forwardA traveling production of Fame Broadway performs each year. The average show sells 1,500 tickets at $60 per ticket. There are 120 shows each year. The show has a cast of 70, each earning an average of $350 per show. The cast is paid only after each show. The other variable expense is program printing costs of $7 per guest. Annual fixed expenses total $1,500,000. Requirements: Compute revenue and variable expenses for each show.arrow_forward
- Compute the anticipated break even salesarrow_forwardDK Industries uses a predetermined overhead rate based on machine-hours to apply overhead to the manufacturing process. Last year, DK incurred manufacturing overhead costs totaling $310,000 and used 120,000 machine-hours. This year, DK estimated manufacturing overhead to be $360,000 and expected to incur 130,000 machine-hours. DK actually incurred $375,000 of manufacturing overhead and incurred 140,000 machine-hours this year. What is the manufacturing overhead applied to production?arrow_forwardCan you please answer the financial accounting question?arrow_forward
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