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astra-53 [7]
3 years ago
11

Foghorn Company entered into a sales transaction in which it agreed to receive common stock from Leghorn Corporation as payment

for services provided to Leghorn Corporation. The journal entry to record the receipt of payment for the sales transaction will include a
Business
1 answer:
Sedbober [7]3 years ago
8 0

Answer:

The journal entry should be:

Dr Investment in Leghorn Corporation XX

    Cr Accounts receivable XX

Explanation:

Foghorn Company must record the noncash payment as an asset which should be equal to the amount of money that it generally would have collected from the services provided. Since the payment is done through stocks, it must record that collection as an investing account.

Since transferring stocks usually takes a couple of days at least, the original journal entry should have recorded a debit to accounts receivable and a credit to service revenue.

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A company wants to market different types of shampoo using color-coded bottles, lids, and label print. It has four different col
Oxana [17]

Answer: 40 types

Explanation:

From the question, we are informed that a company wants to market different types of shampoo using color-coded bottles, lids, and label print and that the company has four different colors of lids, five different colors of bottles, and two different colors of print for the label available.

To calculate the different types of shampoo that the company can package, we use the multiplication principle. This will be:

= 4 × 5 × 2

= 40 types

7 0
3 years ago
Angelina's made two announcements concerning its common stock today. First, the company announced that its next annual dividend
Agata [3.3K]

Answer:

44

Explanation:

according to the constant dividend growth model

price = d1 / (r - g)

d1 = next dividend to be paid

r = cost of equity

g = growth rate

2.2 / 0.1 - 0.05 = 44

6 0
3 years ago
Black Corporation declared $50,000 cash dividends to shareholders. The coporation has 4,000 shares of $25-par, 5% preferred stoc
Liono4ka [1.6K]

Answer:

$5,000 will be distributed to preferred stockholders and $45,000 will be distributed among common stockholders.

Explanation:

The accrued dividend on preferred stock based on predetermined rate or amount is known as preferred stock dividend. Preferred stock has priority over common stockholders, It means that dividend will be given to preferred stockholder first.

Preferred stock dividend = 4,000 shares x $25 x 5% = $5,000

Common stock dividend = $50,000 - $5,000 = $45,000

6 0
4 years ago
n its 2016 annual report, Lockheed Martin reports net earnings of $5,302 and dividends paid of $2,048. Your forecast of the net
KiRa [710]

Answer:

$2,126 million

Explanation:

Calculation for the Projected dividends for 2017

Using this formula

Projected dividends for 2017=2107 Forescated net income ×(2016 Dividends/2016 Net Income )

Let plug in the formula

Projected dividends for 2017=$5,504 million × ($2,048 million / $5,302 million)

Projected dividends for 2017=$5,504 million×0.38626933

Projected dividends for 2017 = $2,126

Therefore the Projected dividends for 2017 will be $2,126 million

5 0
3 years ago
starlight creations is beginning to prepare for what they expect will be a grand exit (many people retiring) in the next five ye
Firlakuza [10]

Starlight creations can build a pipeline of leadership talent by providing leadership coaching.

  • Starlight Creations may fill the void created when most high management leaves in five years by "offering leadership mentoring" to younger employees (particularly in middle management) inside the firm.
  • The leadership training will prepare younger staff for top management roles while also saving the organization money on hiring external professionals to replace empty jobs.
  • Leadership coaching is the deliberate process of improving individuals' abilities and competences so that they can work more successfully with others. Leadership development frequently focuses on effective communication skills, corporate coaching, and understanding the influence of various leadership styles. Coaches create a beneficial interaction that reveals the leader's hidden assets and faults.

Thus this is the meaning of leadership coaching.

Refer here to learn more about leadership coaching: brainly.com/question/13956838

#SPJ4

4 0
1 year ago
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