The production system designed to eliminate waste is the ________. full costing
ID: 2603698 • Letter: T
Question
The production system designed to eliminate waste is the ________.
full costing system
just-in-time system
traditional system
activity-based system
Wizard Corporation has 20,000 shares of cumulative, 5%, $100 par, preferred stock outstanding as well as 100,000 shares of $3 par common stock. As of the beginning of this fiscal year, there were three years of dividends in arrears on the preferred stock. The board of directors wants to give the common stockholders a $1.25 dividend per share. The total dividends to be declared must be _______.
$400,000
$525,000
$400,000
$225,000
$400,000
$525,000
Explanation / Answer
Answer
1.B just-in-time system
Supplying "what is needed, when it is needed, and in the amount needed" according to this production plan can eliminate waste
2. D. $225000
A.For cumulative, 5%
2000000*5%=$100000
(20000shares * $100=2000000)
B. For common stock
1000000*$1.25=125000
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.