Answer:
1.
Debit Credit
Retained Earnings ($0.75*3,100) $2,325
Dividend payable $2,325
2. "No Journal Entry Required"
3.
Debit Credit
Dividend payable $2,325
Cash $2,325
Explanation:
The following journal entries will be required to be made
1. Recording declaration of dividend
The Divine Apparel shall record the the following journal entry on October 1 in respect of dividend declared by it.
Debit Credit
Retained Earnings ($0.75*3,100) $2,325
Dividend payable $2,325
2.Record the entry on date of record
"No Journal Entry Required"
3.Record the payment of cash dividends
The Divine Apparel shall record the the following journal entry on October 31 in respect of dividend paid by it.
Debit Credit
Dividend payable $2,325
Cash $2,325
Answer:
a) Accounts Receivable 2015 = $443,000 2014 = $515,600
b) Bad Debt Expense = $144,100
c) Gross sales = $6,083,300
d) Cash collected from Customers = $6,005,000
Explanation:
a and b are given.
c) Gross Sales = $6,076,500 + $6,800 = $6,083,300
d) Cash collected = opening balance in Account receivable + credit Net sales - Bad debt - Closing balance in Accounts Receivables
= $515,600 + $6,076,500 - $144,100 - $443,000
=$6,005,000
Kei·ret·su
kāˈretso͞o/
noun
(in Japan) a conglomeration of businesses linked together by cross-shareholdings to form a robust corporate structure.
Answer:
number of payment is 3.05 payment
so correct option is b 3.05 payments
Explanation:
balance = $5000
annual rate r1 = 18.7 % = 
= 0.01558
credit card charging r2 = 5.9% = 
= 0.004917
payments P = $250 month
to find out
How many fewer payments will you have to make to pay off this debt if you transfer the balance to the new card
solution
we first find time t both rate by total balance formula that is
balance = 
...........................1
here P is payment and t is time and r is rate
put here all value and find t for r1
balance =
5000 = 
take log both side
log 0.6884 = log 1 - log
t = 24.1519 .................2
and now put here all value and find t for r2
balance =
5000 = 
take log both side
log 0.9016 = log 1 - log
t = 21.1055 .....................3
so by equation 2 and 3
so no of payment will be 24.1519 - 21.1055
so number of payment is 3.05 payment
so correct option is b 3.05 payments
