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aleksley [76]
3 years ago
12

West company declared a $0.50 per share cash dividend. the company has 190,000 shares issued, and 10,000 shares in treasury stoc

k. the journal entry to record the dividend declaration is:
Business
2 answers:
Damm [24]3 years ago
4 0
To record the dividend declaration
   Ordinary Share Capital   $90000
          Dividend Payable         $90000
to record payment
     Dividend Payable         $90000
           Cash                            $90000

The amount is derived from the shares issued and outstanding so, the 190000 issued is deducted by 10000 treasury shares because treasury shares are reacquired by the company so it is not an outstanding share, then just multiply the answer with the dividend per share to arrive at $90000

190000-10000shares * $.50 =$90000
zloy xaker [14]3 years ago
4 0

The journal entry to record the dividend declaration is:

Debit Retained Earnings $90,000 and Credit Common Dividends Payable $90,000

The steps below are correct in how to solve for the journal entry. A dividend declaration is that date where a company lets everyone know their next dividend payment. There is usually a press release prior to the dividend paying out. Retained earnings describes the money left over after a business pays out dividends to their shareholders. Dividends payable is the money that is paid to their shareholders.

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What is a characteristic of the leader substitutes model?
sladkih [1.3K]

It says that managers don't have to play a leading role under certain conditions.

<u>Explanation: </u>

Leadership Substitute:

A characteristic of a delegate or a circumstance or condition in which leadership works in place of a leader, inappropriate in leadership. All Leaders of an organization can sometimes work very well without a director controlling the management.

The most important aspects of a company are effective leadership, many experts agree. But sometimes it's not necessary to have leadership.  

For example, Raj is a father and that he wants his daughter to do her work. Raj knows he can usually make his daughter do things if he gives her an exchange piece of candy.

However, it's the day after Halloween in this scenario but she already has chocolates. In this respect, Raj's power of leadership has been eliminated, since the normally used award is not effective.

3 0
2 years ago
The narrowest definition of the money supply (M1) includes:
fenix001 [56]

Answer:

c. cash, checking account balances, and travelers' checks.

Explanation:

Money Supply is the concept that means the amount of the liquid financial products and total currency in the market or economy. It is regulated the macro-economically by the monetary policy. So, there are types of measures of money supply or stock:

-M0: narrowly, it means the hard currency in circulation

-MB: it equals M0+ the hard currency which are not technically in circulation and in bank reserves.

-M1: it is the most common one and equals M0 plus checking accounts plus travelers’ checks and other checkable deposits.

-M2: covers M1 and saving accounts and CDs.

-M3: it surrounds the larger deposits.

-MZM: finally, this indicates the money market deposits.

That’s why we could notice that M1 narrowly means the cash, checking account and travelers’ checks.

5 0
3 years ago
You observe that the inflation rate in the United States is 1.5 percent per year and that T-bills currently yield 2.0 percent an
Kamila [148]

Answer:

(a) 7.5%

(b) 8.5%

(c) 9.5%

Explanation:

(a) Foreign country inflation rate - US inflation rate = Foreign country risk free rate - US risk free rate

Lets foreign country inflation rate = X

X - 1.5 = 8 - 2

X - 1.5 = 6

X = 6 + 1.5

   = 7.5%

(b)

Lets foreign country infllation rate = X

X - 1.5 = 9 - 2

X - 1.5 = 7

X = 7 + 1.5

   = 8.5%

(c)

Lets foreign country inflation rate = X

X - 1.5 = 10 - 2

X - 1.5 = 8

X = 7 + 1.5

   = 9.5%

6 0
3 years ago
Assume that in the year 2010, the US Nominal GDP was $15 trillion, while the GDP deflator was 200. Calculate the US Real GDP for
oksian1 [2.3K]

Assume that in the year 2010, the US Nominal GDP was $15 trillion, while the GDP deflator was 200. US Real GDP for 2010 is 7.5%.

<h3>Real GDP</h3>

Using this formula

GDP=Nominal GDP/GDP deflator×100

Where:

Nominal GDP=$15 trillion

GDP deflator=200

Let plug in the formula

GDP=$15 trillion/200×100

GDP=7.5%

Therefore US Real GDP for 2010 is 7.5%.

Learn more about Real GDP here:brainly.com/question/6348208

3 0
2 years ago
Whats a thesaurus and why would you use it for an internet search
larisa86 [58]
<span>A thesaurus is a reference work that lists words grouped together according to the similarity of meaning. 
Hope this helps :)</span>
7 0
3 years ago
Read 2 more answers
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