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Gravel and Sand Corporation Has Two Divisions,Refining and Production

question 87

Multiple Choice

Gravel and Sand Corporation has two divisions,Refining and Production.The company's primary product is Quick-dry Cement Mix.Each division's costs are provided below:

The Refining Division has been operating at a capacity of 42,000 bags a day and usually purchases 25,750 from the Production Division and 16,250 bags of cement mix from other suppliers at $62 per bag.
Required
Based on the provided information,what is the transfer price per bag from the Production Division to the Refining Division,assuming the method used to place a value on each bag of cement mix is 190% of variable costs? Compute the transfer price per bag from the Production Division to the Refining Division,assuming the method used to place a value on each bag of cement mix is 115% of full costs.Assume 230 bags are transformed from the Production Division to the Refining Division for a transfer price of $20 per bag.The Refining Division sells the 230 bags at a price of $105 each to customers.What is the operating income of both divisions together?

Calculate and interpret the dividend yield and its changes over years.

Determine the dividends paid to different types of stockholders under various conditions.

Prepare journal entries for partnership transactions, including capital contribution, withdrawals, income allocation, and closing of drawing accounts.

Calculate dividends rate, dividends per share, and eligible shares for dividends under different stock scenarios.

Definitions:

Full Range Leadership Model

A leadership model that suggests leaders can operate across a spectrum of behavioral tactics, from laissez-faire to transformational leadership strategies.

Idealized Influence

A leadership behavior characterized by acting as a strong role model, gaining respect and trust from followers.

Emotional Factor

A variable that influences decisions or behaviors through feelings, sentiments, or mood.

Role Models

Individuals admired for their qualities or achievements, who serve as examples for others to emulate in behavior and decision-making.