Answer:
A. Debit Cash $8,614; credit Dividend Revenue $8,614.
Explanation:
The journal entry for recording the dividend as on April 15 is shown below:
On April 15
Cash Dr (7,300 shares × $1.18 per share) $8,614
To Dividend revenue $8,614
(Being the dividend is recorded)
For recording this here we debited the cash as it increased the assets and credited the dividend revenue as the revenue is also increased
Therefore the correct option is A.
<span>Rachel is already on her way to work, in this case she will write the note to herself and store it in her pocket. When she returns home she will then proceed to paste the note on her door preventing her from forgetting it tomorrow.</span>
The reason why hosa require students to joint through local chapter instead of joining as individuals is :
Hosa activities are so closely connected with the school curriculum,
And this curriculum usually more compatible if it's carried out in groups.
Answer:
$587.79
Explanation:
Data provided in the question
Amount paid in three years = $700
Discount rate in the first year = 5%
Discount rate in the second year = 6%
Discount rate in the third year = 7%
So by considering the above information, the present value is
= (Amount paid in three years) ÷ (1 + Discount rate in the first year × 1 + Discount rate in the second year × 1 + Discount rate in the third year)
= ($700) ÷ (1 + 0.05 × 1 + 0.06 × 1 + 0.07)
= ($700) ÷ (1.05 × 1.06 × 1.07)
= $700 ÷ 1.19091
= $587.79
Answer:
7 shares and $70
Explanation:
The computation is shown below:
The additional shares is
= 60 shares ÷ 9
= 7 shares
And, the amount of money that have to be paid is
= Additional shares × purchase price
= 7 × $10
= $70
Therefore the same would be considered relevant
