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3 years ago

What is ownership in entrepreneur

2 answers:

6 0

Ownership is taking the initiative to bring about positive results. Means not waiting for others to act and caring about the outcome as much as an owner of the company would

Rzqust [24]3 years ago

5 0

The control over an enterprise, providing the power to dictate the operations and functions.

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Select those statements below that are true about cash dividends.

Serga [27]

Answer: A and C

Explanation: Dividends is an amount of money that is paid out to shareholders by its company. The cash used for this payout comes from the profits that the company made. When dividends are going to be issued, they need to be declared first. Once declaration has occurred this can then be recorded in the books, as it is a guarantee that dividends will be paid out. Dividends payable account is created, and sits in the books until dividends are paid out. On payment date the dividends payable account is closed off, and the bank account is decreased, as cash is leaving the company. This means the following multiple choice options apply:

A) On payment date, current assets are decreased. CORRECT.

When the dividends are actually paid out, then the bank account decreases. Bank is a current asset, which means bank only decreases on payment date.

B) On payment date, retained earnings is decreased. INCORRECT.

Retained earnings are actually affected on declaration date. On declaration date the company decides that it will issue dividends and processes this transaction by debiting retained earnings, as an indication that the profits of the business will decrease on payment date.

C) On declaration date, liabilities are increased. CORRECT.

When the company states that they will issue dividends, they will normally pay it out at a later date. This creates a liability, as an obligation exists that will be fulfilled on a later date.

D) On the date of record, Retained earnings is decreased. INCORRECT.

The record date is the last date to confirm which shareholders will actually qualify to receive a dividend. This has no affect on the financials of the business, and does not constitute any transaction being recorded.

7 0

3 years ago

Please help I'll give brainliest

zimovet [89]

In case of legal issues

3 0

3 years ago

PA12. LO 5.4Complete this production cost report:

Lubov Fominskaja [6]

Using weighted average method

Statement of equivalent units

Material Conversion

Units Units

Units transferred out 70,000 70,000

Add: Closing work-in-progress 25,000 6,250

Average divisor  95,000  76,250

Computation of cost per unit

Material Conversion

$ $

Cost of beginning work-in-progress 3,500 16,000

Cost added 25,000 45,000

Total cost  28,500  61,000

Material cost per unit = $28,500

95,000 units

= $0.30 per unit

Conversion cost per unit = $61,000

76,250 units

= $0.80 per unit

Value of units transferred out

Material = 70,000 x $0.30 = $21,000

Conversion = 70,000 x $0.80 = $56,000

Value of closing work-in-progress

Material = 25,000 x $0.30 = $7,500

Conversion = 6,250 x $0.80 = $5,000

Explanation:

In this case, we will obtain the average divisor by adding the ending work-in-progress to the units transferred out. Then, we will determine the total cost of material and conversion ,which is the aggregate of cost of opening work-in -progress and cost added during the year. We also need to obtain the unit cost of material and conversion, which is total cost of material and conversion divided by the average divisor.

Finally, we will value the units transferred out and ending work-in-progress at unit cost of material and conversion.

8 0

3 years ago

Since the HR strategy seeks to address business issues, involving _____ can increase the quality of information from which the H

Len [333]

Answer:

The correct answer is Line executives.

Explanation:

It can be said that the role of a line manager in a company is to direct the work of the subordinates and fight because the company's objectives are fully met. He is the person whom we call our boss at our job site and come to him when we need advice or when he asks us to do certain work. Or, that person who rebukes us when something was not done well.

4 0

3 years ago

Read 2 more answers

On June 30 of the current year the company purchased Equipment costing $110,000, having a salvage value of $10,000 and a 5-year

polet [3.4K]

Answer:

$10,000

Explanation:

Given that

Cost of equipment = 110,000

Salvage value = 10,000

Useful life = 5 years

Using straight line method

Depreciation = cost of equipment - salvage value ÷ useful years

= 110000 - 10000 ÷ 5

= 100000 ÷ 5

= $20000

Thus

By December 31

Entry of depreciation = 6/12 × 20000

= $10,000

5 0

3 years ago

What is ownership in entrepreneur​

What is ownership in entrepreneur