Randall's,Inc

question 43

Multiple Choice

Randall's,Inc.has 20,000 shares of stock outstanding with a par value of $1.00 per share.The market value is $12 per share.The balance sheet shows $42,000 in the capital in excess of par account,$20,000 in the common stock account,and $50,500 in the retained earnings account.The firm just announced a 5 percent (small) stock dividend.What will the balance in the retained earnings account be after the dividend?

• A)$38,500
• B)$39,500
• C)$50,500
• D)$61,500
• E)$62,500

Apply expense allocation for office and departmental expenses.

Calculate allocated expenses based on given allocation bases such as floor space, employee count, or another specific factor.

Identify differences between service departments and production/operating departments.

Calculate the return on investment (ROI) for investment centers.

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Definitions:

Grievance Procedure

A formal process used by an organization to address complaints or disputes from employees regarding workplace issues.

Social Responsibility Strategy

A business approach that integrates social and environmental concerns in operations and interactions with stakeholders.

Consumer Protection

Laws and regulations designed to ensure the rights of consumers as well as fair trade, competition, and accurate information in the marketplace.

Legal Fight

A dispute handled and resolved within a judicial or legal system.