The answer is: <span>Jan. 7. Paid cash dividends of $0.18 per share on the common stock. The dividend had been properly recorded when declared on Nov 30 of the preceding fiscal year for $66,600. </span> <span>Dr Common Dividends Payable 66,000 </span> <span>Cr Cash 66,000 </span>
<span>Feb. 9. Issued 50,000 shares of common stock for $600,000 </span> <span>Dr Cash 600,000 </span> <span>Cr Common Stock 400,000 (50,000 x $8 par value) </span> <span>Cr Additional Paid-In Capital 200,000 </span>
<span>May 21. Sold all of the treasury stock for $300,000 </span> <span>Dr Cash 300,000 </span> <span>Cr Common (Treasury) Stock 240,000 </span> <span>Cr Additional Paid-In Capital 60,000 </span>
<span>July 1. Declared a 4% stock dividend on common stock, to be capitalized at the market price of the stock, which is $13 per share. </span> <span>400,000 - 30,000 + 50,000 + 30,000 = 450,000 shares outstanding </span> <span>Dr Stock Dividends 234,000 (450,000 x 4% x $13 market price) </span> <span>Cr Stock Dividends Distributable 144,000 (450,000 x 4% x 8 par value) </span> <span>Cr Additional Paid-In Capital 90,000 (450,000 x 4% x 5 excess of par value) </span>
<span>Aug. 15. Issued the certificates for the dividend declared on July 1 </span> <span>Dr Stock Dividends Distributable 144,000 </span> <span>Cr Common Stock 144,000 </span>
<span>Sept. 30. Purchased 10,000 shares of treasury stock for $100,000. </span> <span>Dr Common (Treasury) Stock 100,000 </span> <span>Cr Cash 100,000 </span>
<span>Dec 27. Declared a $0.20-per-share dividend on common stock </span> <span>400,000 - 30,000 + 50,000 + 30,000 +18,000 - 10,000 = 458,000 shares now outstanding </span> <span>Dr Cash Dividends 91,600 (458,000 x $0.20) </span> <span>Cr Common Dividends Payable 91,600 </span>
<span>31. Closed the credit balance of the income summary account, $485,000. </span> <span>Dr Income Summary 485,000 </span> <span>Cr Retained Earnings 485,000 </span>
<span>31. Closed the two dividends accounts to Retained Earnings. </span> <span>Dr Retained Earnings 234,000 </span> <span>Cr Stock Dividends 234,000 </span>
Sid Maxwell is the head of legal affairs at Hudson Inc., an American toy manufacturer. Hudson's signature toy, the Witty Parakeet, includes an embedded software program that allows the bird to interact with children. Hudson is currently planning to expand its market in Asia but Sid is concerned about reports of software piracy in the region.
The software program embedded in Hudson's signature toy, the Witty Parakeet, is an example of a(n) ________.
Trade secret can be regarded as one of the intellectual property which is a process/ practice such as design, patterns or instrument that is generally not revealed outside the company. It gives a company an edge over her compititors
It is true that this change would probably be a good move, as it would increase the ROE from 7.5% to 13.5%.
<u>Explanation:</u>
Equity multiplier is calculated by dividing the total assets of a company to shareholder’s equity of an organization. If a company has not raised any debt, then such company would be having equity multiplier equal to 1. t is a leverage ratio.
Return on equity is another financial measure to calculate the return. It is calculated by dividing the net income of a company to the shareholder’s equity. It directly shows the amount that a company is earning on its money invested by the equity shareholders.
