1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
a_sh-v [17]
3 years ago
6

Ayayai Corporation has outstanding 400,000 shares of $10 par value common stock. The corporation declares a 100% stock dividend

when the fair value of the stock is $63 per share. Prepare the journal entries for both the date of declaration and the date of distribution. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
Business
1 answer:
maxonik [38]3 years ago
8 0

Answer:

Explanation:

The journal entries are shown below:

On Declaration date

Retained Earnings A/c Dr $4,000,000         (400,000 shares × $10)

        To Common Stock Dividend Distributable A/c $4,000,000        

(Being dividend is declared)

On distribution date:

Common Stock Dividend Distributable A/c Dr $4,000,000    

           To Common Stock A/c $4,000,000    

(Being the dividend is distributed)

You might be interested in
If the marginal product of capital net depreciation equals 8 percent, the rate of growth of population equals 2 percent, and the
Sphinxa [80]

Question:                                                                                                                                                                                                                                                                                  

If the marginal product of capital net depreciation equals 8 percent, the rate of growth of population equals 2 percent, and the rate of labor-augmenting technical progress equals 2 percent, to reach the Golden Rule level of the capital stock, the ____ rate in this economy must be _____.      

A) saving; increased  

B) population growth; decreased

C) depreciation; decreased

D) total output growth; decreased

Answer

The correct answer is  A) <u>Saving</u> rate of the economy must be i<u>ncreased</u> in order for the economy to reach the Golden Rule Level of the Capital Stock.

Explanation

Golden Rule Level of the Capital Stock is the level at which

MPK = δ,

Where MPK is Marginal Product; and δ the depreciation rate;

so that the marginal product of capital equals the depreciation rate.

In the Solow growth model, a <em>high saving rate results in a large steady-state capital stock and a high level of steady-state output.</em> A low saving rate results to a small steady state capital stock and a low level of steady-state output. Higher saving leads to faster economic growth only in the short run. An increase in the saving rate raises growth until the economy reaches the new steady state. That is, if the economy retains a high saving rate, it will also maintain a large capital stock and a high level of output, but it will not maintain a high rate of growth forever .  

5 0
3 years ago
Two college students went to Guadalajara, Mexico, on their spring breaks. One took the vacation in 2002, while the other went in
ad-work [718]

Answer:

1. 2006 Student

2. 4400 pesos left

Explanation:

If each student had $500 to spend and In 2002, the exchange rate of MXN/USD (Mexican pesos to U.S. dollars) was 9 and In 2006, the exchange rate was 11.

If the hotel room in Guadalajara cost 200 pesos per night in 2002 and 220 pesos in 2006 and each student spent five nights in a hotel, which student had more pesos left over:

Student A - 2002

Spent 5 nights x 200 pesos = 1000 pesos

Total pesos  = $500 x 9 = 4500 pesos

Pesos left = 4500 - 1000 = 3500 pesos

Student B - 2006

Spent 5 nights x 220 pesos = 1100 pesos

Total pesos  = $500 x 11 = 5500 pesos

Pesos left = 5500 - 1100 = 4400 pesos

5 0
3 years ago
In a data warehouse environment, ETL refers to extraction, transformation, and language. True or False?
vagabundo [1.1K]

In a data warehouse environment, ETL does not refers to extraction, transformation, and language.

<h3>What is ETL?</h3>

ETL means Extract, transform and load (ETL).

It is a procedure for copying data usually form one or more sources into another system.

This language is used in data environment

Therefore, In a data warehouse environment, ETL does not refers to extraction, transformation, and language.

For more details on ETL data warehouse kindly check

https://brainly.in/question/368501

4 0
2 years ago
Assume that you are saving up for a trip around the world when you graduate in two years. If you can earn 6% on your investments
AURORKA [14]

Answer:

$12,015 approx.

Explanation:

To calculate present value of a future amount, the future amount is discounted at the rate of interest for the period of investment, which reveals present value as on today. The technique is referred to as discounting technique.

Suppose P denote the amount invested today, which when matured after period of two years yields $13500. Following formula is used for calculating the money invested:

A =\ P (1\ +\ \frac{R}{100}) ^{n}

wherein, A = Amount

              P = Principal

              R = Rate of interest

               n = number of years

13500 =\ P (1\ +\ \frac{6}{100}) ^{2}

13,500 = 1.1236 P

⇒ P = 12,015 Approx.

Thus, $12015 is required to be deposited today so as to yield $13,500 after 2 years compounded at 6% per annum rate of interest.

5 0
3 years ago
Read 2 more answers
1. Which of the following ratios use de-levered net income? (check all that apply)
notka56 [123]

Answer:

The ROA (Return on Assets) and the Return on Sales are the ratios which use the de-levered net income.

Explanation:

The shareholders want to evaluate or measure the return without any effects of the interest expense. De- levered net income is required to alter the net income so that it can be added back it to the interest expense.

The ratio which using De-levered net income are the ROA that is Return on assets and the Return on Sales because it is used to measure the return.

6 0
3 years ago
Other questions:
  • Which factors can help you to judge the credibility of a website? Check all that apply
    6·2 answers
  • Which of the following tells you how much your credit card interest will be if you only pay the minimum balance each month?A) La
    5·1 answer
  • ___________ is a technique to analyze and sequence tasks involved in completing a project, to estimate the time needed to comple
    7·2 answers
  • In computing the present value of the lease payments, the lessee should Group of answer choices use its incremental borrowing ra
    13·1 answer
  • MC Qu. 116 CWN Company uses a job order costing... CWN Company uses a job order costing system and last period incurred $90,000
    9·1 answer
  • Kahil Mfg. makes skateboards and uses a weighted average process costing system. On May 1, 2013, the company had 400 boards in p
    10·1 answer
  • Which one is the correct answer ?
    14·1 answer
  • Where do most banks get the text to explain their calculations of interest?
    10·1 answer
  • Wingate Company, a wholesale distributor of electronic equipment, has been experiencing losses for some time, as shown by its mo
    11·1 answer
  • When calculating loan payments, to show a down payment toward the purchase of an asset, you must adjust the __________ argument
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!