On January 1, 2021, Sikie Shoe Manufacturing Corporation had 60,000 shares of $5 par value common stock issued and outstanding and 10,000 6% $50 cumulative preferred stock issued and outstanding. During the year, the following transactions occurred:

3/1/2021 Declared a 20% stock dividend on outstanding common stock to stock holders of record March 15. The market price per share as of March 1 is $18

4/1/2021 The 20% stock dividend declared on March 1 was issued to the common stockholders.   

4/10/2021 Declared cash dividend to preferred stockholders of record on April 20

4/30/2021 Paid preferred stockholders' dividend declared on April 10.

5/10/2021 Declared a 35% stock dividend on outstanding common stock to stockholders of record May 20. The market price per share as of May 10 is $25

5/30/2021 The 35% stock dividend declared on May 10 was issued to the common stockholders.

9/30/2021 A 3 for 1 stock split was announced for common stock holders on record as of October 15. The market price of the share was $90 on Sept 30

12/1/2021 Declared a cash dividend of $1.00 per share to common stockholders of record on Dec. 10

12/20/2021 Paid the $1.00 cash dividend to the common shareholders.

instructions:

a. Prepare journal entries to record each of the above transactions. If no entry is required, indicate so.

b. Prepare all closing entries at year-end.

1. Suppose that a firm is considering moving from a batch process to an assembly-line process to better meet evolving market needs. What concerns might the following functions have about this proposed process change: marketing, finance, human resources, accounting, and information systems? (Marks 1) (word count maximum: 150)

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Diego Company manufactures one product that is sold for $71 per unit in two geographic regions—the East and West regions. The following information pertains to the company’s first year of operations in which it produced 54,000 units and sold 49,000 units.

The company sold 36,000 units in the East region and 13,000 units in the West region. It determined that $280,000 of its fixed selling and administrative expenses is traceable to the West region, $230,000 is traceable to the East region, and the remaining $76,000 is a common fixed cost. The company will continue to incur the total amount of its fixed manufacturing overhead costs as long as it continues to produce any amount of its only product.   

1.) Diego is considering eliminating the West region because an internally generated report suggests the region’s total gross margin in the first year of operations was $46,000 less than its traceable fixed selling and administrative expenses. Diego believes that if it drops the West region, the East region's sales will grow by 5% in Year 2. Using the contribution approach for analyzing segment profitability and assuming all else remains constant in Year 2, what would be the profit impact of dropping the West region in Year 2?

2.) Assume the West region invests $44,000 in a new advertising campaign in Year 2 that increases its unit sales by 20%. If all else remains constant, what would be the profit impact of pursuing the advertising campaign?

1. Take a tour of the Soap Factory and describe the process used? (Marks 1) (word count maximum: 100)

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The Matsui Lubricants plant uses the weighted-average method to account for its work-in-process inventories. The accounting records show the following information for a particular day:

Quantity information is obtained from the manufacturing records and includes the following:

Compute the cost of goods transferred out and the ending inventory using the weighted-average method. (Do not round intermediate calculations.)

COST OF GOODS TRANFERRED OUT ???????
COSTS IN ENDING INVENTORY    ??????

How do you come up with your bid/response for the Request for Proposal?

Please Provide Detailed Answer. Prove that a PDA that has access to two stacks is as powerful as a Turing Machine. Such a PDA has labels on the transition arrows of the form (a, α, β → α' , β' ), meaning that read an a from the input, pop an α from the first stack, β from the second stack, and push α' on the first stack, and β' on the second stack.

Debate the advantages and disadvantages of quantitative and qualitative research based on your research experiences.

Analyze the Fed’s reaction to the Sept. 11 terrorist attacks.

Determine the mass flow rate of the refrigerant flowing through the condensor of a two-stage compression refrigeration cycle (in kg/s). The fraction of the refrigerant that evaporates as it is throttled to the flash chamber is 0.19. The enthalpy of the refrigerant entering the evaporator is 55.14 kJ/kg and the enthalpy of the refrigerant leaving the evaporator is 239.19 kJ/kg. The amount of heat removed from the refrigerated space is 28 kW. (Round your answer to three decimal places).

Internal analysis of firm’s resources, including core competencies and competitive advantage (Apply the VRIO framework) on Panera Bread Company 2016

An audit firm must evaluate the client and the engagement according to professional standards. Do you feel that the full evaluation must be done on both new and existing clients? Do you think this evaluation is an effective method to assess clients

A plastic sphere floats in water with 45.0% of its volume submerged. This same sphere floats in glycerin with 35.8% of its volume submerged.

(a) Determine the density of the glycerin.
kg/m³

(b) Determine the density of the sphere.
kg/m³

Consider the following relational schema and set of functional dependencies.

S(A,B,C,D,E,F,G)

D → E

E → B

C → FG

BE → AC

Is the decomposition of S into S1(E,G,F) and S2(A,B,C,D,G) a lossless join decomposition?

Choose one of the following queries as your answer: SELECT ’lossy’; SELECT ’lossless’;