Answer:
D: $8,580
Explanation:
Land = $7,400*$ 15,600/13400
= $8,580
Therefore, The amounts would be debited to the Land account is $8,580.
Answer:
$168
Explanation:
The expense ratio calculates Vanguard 500 index fund expenses as a percentage of total funds invested in a mutual fund.
In this case, it measures the percentage of Jill Thomson's investment in the fund that goes to paying management fees, by comparing the mutual fund management fees with his total assets in the fund.
However, all costs are shared amongst the investors.
Expense ratio = operating expenses/average value of fund asset
Expense ratio = 0.14%,
Amount to be paid = expense ratio x amount invested (0.14% * 120,000= 168)
Answer:
D
Explanation:
Stopgap
A disaster recovery site, which is also known as a temporal backup site, is a place that a company can temporarily relocate to following a security breach or natural disaster. That is why it is known as a stopgap location because it is a temporary measure or short-term solution used until something better can be done about the situation; it serves as the best emergency plan for the typical situation.
Answer:
Mapleleaf Industries
Journal Entry
Debit Cash Dividend $40,800
Credit Dividends Payable $40,800
To record the declaration of $0.85 per share cash dividend.
Explanation:
This journal entry shows the two accounts involved and how they are recorded when a cash dividend is declared (declaration date).
Calculation of cash dividends is based on 48,000 shares of common stock outstanding and not on the issued shares nor the authorized. Usually, dividends are only payable to shareholders of record, who appear on the register of the company as holders of the shares on the specified date (date of records).
So, the divided equals $40,800 (48,000 x $0.85).
The journal entry to replenish the fund on January 31 is $46.
<h3>What is a replenishment?</h3>
In a journal entry, this refers to refilling up a depleted cash box in a petty cash system.
The replenishment = $375- $190 - $95 - $35 - $9
The replenishment = $46
Therefore, the journal entry to replenish the fund on January 31 is $46.
Read more about replenishment
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