There is clear evidence that the benefits of regular exercise throughout life include

Hemingway Corporation has 100,000 shares of common stock issued and outstanding. At the meeting of the board of directors on Dec

DaniilM [7]

Answer:

See the journal entry below

Explanation:

Retained earnings A/c Dr $500,000

Dividends payable A/c Cr $500,000

Here, cash dividend is being declared by the board on 100,000 shares hence the account of retained earnings is debited and account of dividends payable is credited.

NB.

Amount = Share × Price per share

Given that;

Share = 100,000

Price per share = $5

Amount

= 100,000 × $5

= $500,000

4 0

2 years ago

The following is a schedule of the projected unit sales of Western Company, which manufactures casual wear. Each unit sells for

Likurg_2 [28]

Answer:

The correct option is A,the fourth quarter budgeted revenue is $32500 as shown below.

Explanation:

The budgeted sales quantity for fourth quarter is 1300 units at $25 each.

From Economics equation of revenue equals price multiplied by quantity, the revenue for the fourth quarter is calculated below.

Revenue=P*Q

P=price=$25

Q=budgeted quantity=1300 units

Revenue=$25*1300

Revenue=$32500

The value of this revenue that would be collected in the same quarter is 75%*$32500 is $24375 while the balance of $8125 in the first quarter of the succeeding year.

This way cash flow planning in terms of matching capital payments with cash receipt is better enhanced.

7 0

2 years ago

Security M has expected return of 17% and standard deviation of 32%. Security S has expected return of 13% and standard deviatio

Murljashka [212]

Answer:

0.047424

Explanation:

Given that

Expected return of security M = 17%

Standard deviation of Security M = 32%

Expected return of security S = 13%

Standard deviation of security S = 19%

And, the correlation coefficient = 0.78

So, by considering the above information the co variance is

= Correlation coefficient × Standard deviation of Security M × Standard deviation of security S

= 0.78 × 0.32 × 0.19

= 0.047424

5 0

2 years ago

As far as GOODS (compared to services) are concerned, there is ___ opportunity to correct problems due to ___ customer contact.

ioda

Answer:

More , High ( D )

Explanation:

As far as GOODS (compared to services) are concerned, there is More opportunity to correct problems due to High customer contact.

and this is because when dealing with Services instead of Goods the direct customers of services are people hence the level of accessibility to enable the prompt correction of problems that might arise is very high and its faster as well to do that

5 0

3 years ago

Apr. 2 Purchased $4,600 of merchandise from Lyon Company with credit terms of 2/15, n/60, invoice dated April 2, and FOB shippin

harina [27]

Answer:

Apr-02

Dr Purchase $ 4,600

Cr Accounts payable-Lyon $ 4,600

Apr-03

Dr Transportation - in $ 300

Cr Cash $ 300

Apr-04

Dr Accounts payable-Lyon $ 600

Cr Purchase returns & Allowances $ 600

Apr-17

Dr Accounts payable-Lyon $ 4,000

Cr Purchase discount$ 80

Cr Cash $ 3,920

Apr-18

Dr Purchase $ 8,500

Cr Accounts payable-Frist corp. $ 8,500

Apr-21

Dr Accounts payable-Frist corp. $ 500

Cr Purchase returns & Allowances $ 500

Apr-28

Dr Accounts payable-Frist $8,000

Cr Purchase discount$ 160

Cr Cash $7,840

Explanation:

Preparation of the journal entries to record the above transactions for a retail store. Assume a perpetual inventory system.

Apr-02

Dr Purchase $ 4,600

Cr Accounts payable-Lyon $ 4,600

(Being To record purchase merchandise from Lyon company )

Apr-03

Dr Transportation - in $ 300

Cr Cash $ 300

(Being To record shipping charges paid on above purchase )

Apr-04

Dr Accounts payable-Lyon $ 600

Cr Purchase returns & Allowances $ 600

(Being To record purchase return to Lyon company )

Apr-17

Dr Accounts payable-Lyon $ 4,000

($4,600 -$600)

Cr Purchase discount$ 80

{($4600 - $600)* 2% }

Cr Cash $ 3,920

($ 4,000 -$ 80 )

(Being To record cash paid to Lyon company for above purchase )

Apr-18

Dr Purchase $ 8,500

Cr Accounts payable-Frist corp. $ 8,500

(Being To record purchase merchandise from Frist corp. )

Apr-21

Dr Accounts payable-Frist corp. $ 500

Cr Purchase returns & Allowances $ 500

(Being To record received allowance on above purchase)

Apr-28

Dr Accounts payable-Frist $8,000

($8,500 -$500)

Cr Purchase discount$ 160

{($8,500 -$500)*2%}

Cr Cash $7,840

($ 8,000 -$ 160 )

(Being To record cash paid to Frist corp. for above purchase )

6 0

2 years ago