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kvasek [131]
4 years ago
5

Mary works 39 hours a week and gets paid $9.25 per hour. she receives a raise, and now gets paid $390 per week. by how much did

her weekly pay increase?
Business
1 answer:
Sever21 [200]4 years ago
7 0
Her weekly pay increased by $29.25.
39 times 9.25 is 360.25
360 minus 360.25 is 29.25
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declared a $0.70 per share cash dividend on its $1 par common stock. On the date of declaration, there were 50,000 shares author
Tamiku [17]

Answer:

Debit Retained Earnings $5,880; credit Common Dividends Payable $5,880.

Explanation:

Based on the information given the appropriate

Journal entry for the dividend declaration will be:

Debit Retained Earnings $5,880

Credit Common Dividends Payable $5,880.

(To record dividend declaration)

$0.70 * (14,000 shares - 5600 shares)

= $0.70*8,400

=$5,880

3 0
3 years ago
Jupiter explorers have $8,200 in sales. the profit margin is 5 percent. there are 5,200 shares of stock outstanding. the market
xxMikexx [17]
<span>Price per earnings ratio is calculated as Price of each share in the market/Earnings made on each share over the last 4 quarters. (P/E) P = $ 1.70 Earnings per share = Net income/Outstanding shares Net income = Revenue - Costs = profit margin =5%*8200= $410 Therefore Earning per share = 410/5200 = $0.078 P/E ratio = 1.7/0.078 = 21.5</span>
6 0
4 years ago
At the end of 2010, Blackhorse Productions, Inc., used the aging of accounts receivable method to estimate that its Allowance fo
White raven [17]

Answer:

A.Dr Bad Debt Expense 7,850

Cr Allowance for Doubtful Accounts 7,850

B.Dr Allowance for Doubtful Accounts 1,000

Cr Accounts Receivable 1,000

Explanation:

Preparation of the Journal entries for Blackhorse Productions,

A.Since we were that the company used the aging of accounts receivable method to help them estimate that Allowance for Doubtful Accounts should be the amount of $19,850 in which the account had an unadjusted credit balance of the amount $12,000 this means that the transaction will be recorded as:

Dr Bad Debt Expense 7,850

Cr Allowance for Doubtful Accounts 7,850

[19,850 - 12,000]

B. Since the company later had an account receivable for the amount of $1,000 whichb was determined to be uncollectible and was written off this means that the transaction will be recorded as:

Dr Allowance for Doubtful Accounts 1,000

Cr Accounts Receivable 1,000

7 0
3 years ago
Global Investments is considering a project that will produce cash inflows of $11,000 in year 1, $24,000 in year 2, and $36,000
Sophie [7]

Answer:

For year 1, present value is $9,821.43

For year 2, present value is $19,132.65

For year 3, present value is $25,624.09

Explanation:

Please refer to the attached file

3 0
4 years ago
A company paid $505,000 to purchase equipment and $15,500 to have the equipment delivered to and installed in the company's prod
Firdavs [7]

Answer:

Using the units-of-production method, the amount of depreciation expense the company would report in the income statement prepared for the year-ended October 31, 2018 would be $105,711.

Explanation:

The unit-of-production method is used when the asset value closely relates to the units of output it is able to produce. It is expressed with the formula below:

(Original Cost - Salvage value) / Estimated production capacity x Units/year

Depreciation expense (DE) is: ($520,500 - $5,500) / 28,500 operating hours x 11,700 hours = $211,421 yearly depreciation expense.

Depreciation from May 1 to October 31, 2018 (6 months): $211,421 / 2 = $105,711

5 0
3 years ago
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