Once a problem or opportunity has been identified, market potential research is undertaken to arrive at a solution

What is the result if the amount of net income for the year is less than the amount of the Dividends?

A) Retained Earnings increases B) Cash balance decreases C) Cash balance increases D) Retained Earnings decreases

Connecticut Manufacturing began business on January 1

During its first year of operation, Connecticut worked on five industrial jobs and reported the following information at year-end: Job 1 Job 2 Job 3 Job 4 Job 5 Direct Materials 2,300 7,900 4,000 3,500 1,500 Direct Labor 14,000 23,000 13,000 12,000 800 Allocated Mfg. Overhead 1,600 6,500 2,500 7,500 200 Job completed: Jun 30 Sep 1 Oct 15 Nov 1 Not completed Job sold: Jul 10 Sep 12 Not sold Not sold N/A Revenues: 47,000 41,000 N/A N/A N/A Connecticut's allocation of overhead costs left a debit balance of $1,400 in the Manufacturing Overhead account, which was adjusted to zero at year-end. What was the final balance in Cost of Goods Sold for the year ended December 31? A) $55,300 B) $56,700 C) $53,900 D) $17,900