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olganol [36]
3 years ago
6

Phil Graves Cemetery had 63,000 shares of common stock issued and outstanding at January 1, 2021. During 2021, Graves took the f

ollowing actions: June 1 Declared a 2-for-1 stock split, when the fair value of the stock was $38 per share. October 15 Declared a $0.50 per share cash dividend. In Graves's statement of shareholders' equity for 2021, what amount should Graves report as dividends
Business
1 answer:
Whitepunk [10]3 years ago
7 0

Answer:

Dividends for the year $63,000

Explanation:

Phil Graves Cemetery

Jan. 1 Shares issued and outstanding 63,000

June 1 2-for-1 stock split x 2

June 1 Shares issued and outstanding 126,000

Oct. 15 Cash dividend declared (per share)x $ .50

Dividends for the year $63,000

Therefore the amount that Graves should report as dividends is $63,000

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If a contract involves a significant financing component:____________.
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Answer:

The time value of money is used to determine the fair value of the transaction ( B )

Explanation:

If a contract involves a significant financing component the time value of money is used to determine the fair value of the transaction and this is because the time value of money states that the money at hand ( available money ) is worth more than the identical sum of money in the future due to the earning capacity of the money.

therefore a contract involving a significant financing component ( present monetary component ) would have its fair value determined by the time value of money

7 0
3 years ago
Read 2 more answers
Which is not true of a perfectly competitive market? a. At the long-run equilibrium, economic profit is less than accounting pro
shtirl [24]

Answer:

B is the correct option.

Explanation:

In theory, the perfect market is the structure in which all the firms sell identical products,They all are price takers, the market share doesn't influence the prices, firms can enter or exit the market without cost and resources are perfectly mobile. No markets are in the sphere of the perfect competition model. so they are classified as imperfect. The imperfect and perfect market is the outcome of post-classical economic thought of the Cambridge tradition.

5 0
3 years ago
The Grange was an organization that____________.
Fittoniya [83]

Answer: Option A. established cooperatives for storing and marketing farm output

Explanation:

The Granges consist of many group of people that are mainly farmers and other group of people. The Grange is based on farm and rural community value. The Grange helps people, especially farmers by established cooperatives for storing and marketing farm output. Most Granges support community service and volunteer work in addition to providing their members with a community with whom to discuss farming matters. The Grange tries to bring together people involved in different areas of agriculture as well as different parts of the community.

8 0
3 years ago
Which following statement about FAFSA process are TRUE?
aleksklad [387]
FAFSA stands for Free Application for Federal Student Aid. It is a form that can be prepared annually by current and prospective college students  in the United States to determine their eligibility for student financial aid. Hope this helps.
3 0
3 years ago
In the text, Curves is an example of which path? a. Looking across alternative industries b. Looking across strategic groups wit
Elena L [17]

Answer:

The correct option is D) Looking across complementary offerings

Explanation:

There are about 6 well-known paths to achieving a <em>Blue Ocean Strategy.</em>

Generally, the Blue Ocean Strategy (BOS) seeks to avoid locking horns with the competition by identifying niche areas that are critical to the attainment of a competition-free space. According to the BOS took kit, there are 6 paths to achieving a blue ocean strategy.

One of them is called looking across complementary offerings.

Another term for the Curve is Value Ramp. Value Ramp simply refers to a methodology for evaluating one's service/product offerings. It consists of a graph that plots a curve sloping upwards from left to right, showing the relationship between price and the value or perception of value being delivered by the business.

The principle offered here stated that the higher the perception of one's brand, the more one should be able to charge for their services.

Value is thought to increase as the business delivers more and more personalized services in a relationship-oriented fashion rather than generic products and services which are readily available off the shelf in most cases.

Cheers

7 0
3 years ago
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