Record the journal entries for the following facts: a. 500 shares of common stock outstanding. b. 600 shares of $100 six percent cumulative preferred stock have been outstanding since 2016. c. 800 shares of $100 seven percent non-cumulative preferred stock have been outstanding since 2010. d. The cumulative preferred stock is subordinate to the non-cumulative preferred stock. e. The common shareholders received a dividend in 2017. f. Dividends in 2018 were $5,000. g. Dividends declared by the board of directors were $16,000 in 2019. h. The dividends were paid twelve days after the board of directors declared them.

Galwaysc electronics makes two products. model a requires component a and component c. model b requires component b and component c. new versions of both models are released each year with updated versions of all components. all components are sourced overseas, and abc contracts annually for a quantity of each component before seeing that year’s demand. components are only assembled into finished products once demand for each model is known. for the coming year, alwaysc’s purchasing manner has proposed ordering 500,000 units of component a, 630,000 of component b, and 1,000,000 units of component c. her boss has asked why she has recommended purchasing so much of components a and b when alwaysc will not have enough of component c to fully use all of the inventory of a and b. what factors might the purchasing manager cite to explain her recommended order? explain your reasoning.

Which of the following would be an accurate statement about achieving a balanced budget

Which of the following statements are false regarding activity-based costing? non-manufacturing costs are important to include when calculating the cost of each product. costs are allocated based on a pre-determined overhead rate. transitioning from traditional costing methods to activity-based costing can be complicated and costly. activity-based costing follows the same basic calculation methods as traditional costing approaches. none of the above