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meriva
1 year ago
13

What is the journal entry for declaring $9000 dividend to be paid next month

Business
1 answer:
meriva1 year ago
3 0

The journal entry for declaring a $9,000 dividend to be paid in the coming month is:

Date                   Account Title                                      Debit          Credit

XX-XX-XXXX    Retained earnings                           $9,000

                          Dividends Payable                                               $9,000

<h3>How is dividend declared recorded?</h3>

The Retained earnings account will be debited to show that the account is decreasing. This is because dividends are taken from the retained earnings of a company.

The dividends payable account will be credited with $9,000 to show that the company now owes its shareholders $9,000. This will then be debited next month to show payment.

In conclusion, retained earnings are debited, and dividends payable are credited.

Find out more on dividends declared at brainly.com/question/25845157

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Answer:

IRR = 13.05%

Explanation:

using an excel spreadsheet, the cash flows are:

year 0 = -$3,200,000

year 1 = $425,000

year 2 = $425,000 x 1.08 = $459,000

year 3 = $459,000  x 1.08 = $495,720

year 4 = $535,378

year 5 = $578,208

year 6 = $624,464

year 7 = $674,422

year 8 = $728,375

year 9 = $786,645

year 10 = $849,577

year 11 = ($849,577  x 1.08) - $480,000 = $917,543 - $480,000 = $437,543  

IRR = 13.05%

The internal rate of return (IRR) is the discount rate at which a project's NPV (net present value) would equal $0.

6 0
3 years ago
The inflation premium: A. increases the real return. B. is inversely related to the time to maturity. C. remains constant over t
krok68 [10]

Answer:

The answer is E. compensates investors for expected price increases.

Explanation:

Inflation premium arise from  that, investors holding nominal assets

are exposed to unanticipated changes in inflation.

8 0
3 years ago
Jahwana works for a large corporation with a 401(k) retirement plan. The company matches dollar for dollar the first 5% of the e
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Answer:

$8,000

Explanation:

Jahwana earns $40,000:

her 401k contributions = 15% x $40,000 = $6,000

Jahwana's employer contributes $1 per $1 that she contributes but only up to 5%, so her employee's 401k contribution = 5% x $40,000 = $2,000

total annual contribution = $6,000 + $2,000 = $8,000

7 0
3 years ago
Read 2 more answers
Martha Manufacturing produces a single product that sells for $80. Variable costs per unit equal $32. The company expects total
garri49 [273]
Each unit sells: $80
Each unit costs to make: $32
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Goal: 2,000 units sold

If they meet their goal, let's see how that would go:

(2,000 * 80) - (2,000 * 32) - 72,000 = ?
160,000 - 64,000 - 72,000 = 24,000

24,000 is the profit they would make for hitting their goal.

Question 1:
What is the break-even point? The break-even means they make no money, but they also lose no money. So that final number (24,000) would be 0 instead. How many units would they have to make to hit zero?
(x * 80) - (x * 32) - 72,000 = 0.
80x - 32x = 72,000
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We can verify by using our first formula we've already determined, using this new value for units.
(1,500* 80) - (1,500 * 32) - 72,000 = ?
120,000 - 48,000 - 72,000 = 0? True!

Question 2: If they increase their expenses by 16,000, what is their new break even point?

(x * 80) - (x * 32) - 72,000 - 16000 = 0.
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Question 3: 10% reduction in selling price and 10% increase in sales. (Assuming based off the original formula the problem provided.)

Original: (2,000 * 80) - (2,000 * 32) - 72,000 = ?

10% Reduction in price: 8
80-8 = 72

10% increase in sales: 200
2000 + 200 = 2200

Plugin to our formula:
(2200 * 72) - (2200 * 32) - 72,000 = ?
158400 - 70400 - 72,000 = 16,000

Since this number is positive, this is income. (D)
7 0
3 years ago
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Leokris [45]

Answer:

38 bouquets

Explanation:

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20 + 18 = 38

8 0
3 years ago
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