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3 years ago

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Which of the following is correctly included in the entry to record the sale of finished goods? Select one: A. CREDIT to Finishe

d Goods Inventory B. CREDIT to Cost of Goods Sold C. DEBIT to Accounts Payable D. DEBIT to Sales Revenue E. CREDIT to Work in Process Inventory

1 answer:

Molodets [167]3 years ago

3 0

Answer:

A. CREDIT to Finished Goods Inventory

Explanation:

The journal entry is shown below:

Cash or Account receivable XXXXX

To Sales revenue XXXXX

(being the sales revenue is recorded)

Cost of goods sold XXXXX

To Finishes goods inventory XXXXX

(Being the cost of goods sold is recorded)

So while recording the sale of finished goods we credited to the finished goods inventory account

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A company's board of directors votes to declare a cash dividend of $1.10 per share of common stock. The company has 22,000 share

lutik1710 [3]

Answer:

$18,150

Explanation:

Calculation for the total amount of the cash dividend

Since A company's board of directors has votes to declare the cash dividend of $1.10 per share of common stock, this means we have to multiply the cash dividend per share of common stock by the shares outstanding which is $16,500

Using this formula

Cash dividend per share of common stock * Shares outstanding

Let Plug in the formula

$1.10*16,500

=$18,150

Therefore the total amount of the cash dividend will be $18,150

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3 years ago

The 5 paragraph essay format allows for the detailed explanation of one supporting argument.

Setler79 [48]

Answer:

-True

Explanation:

The 5 paragraph essay helps detailing one supporting argument as it creates an structure as follows:

1 introductory paragraph
3 development and support paragraphs
1 conclusion paragraph

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2 years ago

Read 2 more answers

Suppose DeepMind Inc. will pay $1.50 per share in dividends next year. The require return on the stock is 10% and its dividends

Brums [2.3K]

Answer:

C. All else being equal, the growth rate of the dividends is greater than 2%

Explanation:

The formula to calculate the fair price of a stock with a constant growth in dividends is as follows,

P = D1 / r-g
Where D1 is the dividend next period
r is the required rate of return
g is the growth rate in dividends
P = 1.5 / 0.1 - 0.02 = 18.75
We are taking 1.5 as D1 as it is the dividend per share DeepMind will pay next year.

So, we will be willing to pay more than 18.75 if the fair price per share today is greater than 18.75. We check all the 3 options.

A. say the required rate is 10.1%

P = 1.5 / (0.101 - 0.02) = 18.52
So if the required rate of return increases from 10%, the fair price per share is falling and we will be willing to pay less than 18.75 per share.

B. P = 1.2 / (0.1 - 0.02) = 15

If D1 = 1.2,the fair price per share will be 15 which is less so we will not be willing to pay more than 15 for such share.

C. Say the growth rate in dividends is 2.1%

P = 1.5 / (0.1 - 0.021) = 18.99
The fair price per share increased to 18.99 if the growth rate in dividend increases by 0.1 percentage point. Thus, C is the correct answer

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2 years ago

Beth is conducting a risk assessment. She is trying to determine the impact a security incident will have on the reputation of h

ddd [48]

Answer:

c) Qualitative

Explanation:

reputation is affected by loss of confidentiality, loss of integrity, loss of availability and etc.

Therefore, The type of risk assessment is best suited to this type of analysis is Qualitative.

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2 years ago

Jane is 22 years old. for her job, she needs to take an intelligence test. which would be the most appropriate test for her age

Makovka662 [10]

The most appropriate intelligence test would be the WAIS IV test. This test is used for anyone between the age of 16 and 90 years old. It is frequently used to test adults and older adolescents. This intelligence test can be used for many different purposes (anything from job qualifications to treating psychological disorders).

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2 years ago