All categories

11 months ago

The date the board of directors votes to declare and pay a cash dividend is called the?

1 answer:

5 0

The date the board of directors votes to declare and pay a cash dividend is called the date of declaration.

<h3>What does the declaration date mean?</h3>

A declaration date refers the date on which the board of directors of a company announces the next date of dividend payment. The board of directors of a company announces a cash dividend on a declaration date, which involve paying a certain amount of money per common share.

A declaration statement is issued that mainy includes the details such as the size of the dividend, the record date and its payment date.

Basically, the date on which the directors vote to declare and pay a dividend is called the declaration date.

Learn more about declaration date here:-

brainly.com/question/23156395

#SPJ4

You might be interested in

On July 1, 2019, Sunland Company purchased new equipment for $80,000. Its estimated useful life was 5 years with a $10,000 salva

Paraphin [41]

Answer:

On December 31,2019

Depreciation expense Dr $7,000

To Accumulated depreciation $7,000

(Being the depreciation expense is recorded)

Explanation:

The journal entry is shown below;

On December 31,2019

Depreciation expense Dr $7,000

To Accumulated depreciation $7,000

(Being the depreciation expense is recorded)

The computation is shown below:

= ($80,000 - $10,000) ÷ 5 years × 6 months ÷ 12 months

= $7,000

For recording this we debited the depreciation expense as it increased the expenses and decreased the assets so the accumulated depreciation is credited

And, the six months is taken from July 1 to December 31

4 0

2 years ago

The best way to research an expensive product is to? A. Visit multiple company websites B. Watch many television commercials C.

uysha [10]

All of them are good options, but I would say that D would be the most practical. This is because you’re able to find a large amount of information about a product and view its uses in your situation without paying the cost of the actual product itself.

5 0

2 years ago

Read 2 more answers

In the market for breakfast cereal, the market is currently in equilibrium. suddenly there is a storm that destroys the wheat th

Reika [66]

The answer is<u> "Supply will decrease."</u>

A storm that crushed the wheat products would make the cost of that grain to rise. Given that grains are a critical contribution to the make of oat, the ascent in the cost of grain speaks to an expansion in input costs for oat. This is spoken to in the grain advertise as a leftward move of the supply bend and no adjustment in the demand curve.

7 0

2 years ago

University Printing Services offer a program of reproducing class notes for participating professors teaching large classes with

Licemer1 [7]

Answer:

233 copies

Explanation:

Cost of shortage (Cs)= Revenue per unit - Cost per unit

Cost of shortage (Cs) = $12 - $8

Cost of shortage (Cs) = $4

Cost of excess (Ce) = Original cost per unit - Salvage value per unit

Cost of excess (Ce) = $8 - $0

Cost of excess (Ce) = $8

Service Level (SL) = Cs/(Cs+Ce)

Service Level (SL) = $4 / ($4+$8)

Service Level (SL) = $4/$12

Service Level (SL) = 0.33

Optimum Level = Minimum student + SL*(Maximum student - Minimum student)

Optimum Level = 200 + 0.33*(300 - 200)

Optimum Level = 200 + 33

Optimum Level = 233 copies

8 0

2 years ago

Wexpro, Inc., produces several products from processing 1 ton of clypton, a rare mineral. Material and processing costs total $5

beks73 [17]

Answer:

1. What is the financial advantage (disadvantage) of further processing product X15?

financial advantage of further processing X15 = $10,206

2. Should product X15 be processed further or sold at the split-off point?

X15 should be processed further

Explanation:

processing costs for every batch of X15 (6,300 units) = $54,000 x 1/4 = $13,500

production cost per unit $13,500 / 6,300 = $2.14286 = $2.14 per X15

contribution margin per unit without further processing = $17 - $2.14 = $14.86

costs of further processing $8,700, per unit = $8,700 / 6,300 = $1.38

total costs per unit $2.14 + $1.38 = $3.52

contribution margin with further processing = $20 - $3.52 = $16.48

total financial advantage of further processing X15 = ($16.48 - $14.86) x 6,300 = $10,206

3 0

3 years ago