Answer:
Common stock dividend distributable = Par * Number of shares * % dividend
= 13 * 46,500 * 15%
= $90,675
Stock Dividend = Number of shares * market price * % dividend
= 46,500 * 18 * 15%
= $125,550
Date Account Title Debit Credit
Dec, 1 Stock Dividend $125,550
Common Stock Dividend Distributable $90,675
Paid in Capital in excess of Par- $34,875
Common stock
Date Account Title Debit Credit
Dec, 31 Common Stock Dividend Distributable $90,675
Common Stock $90,675
Answer:
A price that includes both the cost of the product plus transportation to the buyer
Explanation:
Landed cost is defined as the total price of a product after it has arrived at a buyer's hands all the eay from the factory.<em> It considers the original price of the product, the transportation in land, air and ocean, customs, taxes, insurance, handling, fees, etc.
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Answer: (B) Manufacturer agent
Explanation:
A manufacturer agent is refers to the independent sales agent in an organization.
The responsibility of a manufacturer agent is that it is an intermediary an organization as it helps in the product distribution process.
It mainly control all the promotional and the proving decision of the products in an organization and also represent organization as the seller. According to the given question, the company should hire the manufacturer agent.
Therefore, Option (B) is correct.
Answer:
See attached file
Explanation:
The Retained Earnings Statement is prepared to show changes in the amount of retained earnings over the accountable period. Retained earnings and Stockholders´ contributions are the main accounts in Stockholders´ Equity.
The first ones are profits reserved by the company to invest in future projects rather than distribute as dividends to shareholders, that’s why are calculated as follows:
Retained Earnings Final Balance = Retained Earnings Beginning balance – Dividend in cash – Stock dividend + Net Income – Net loss.
Stock Divided will register as Stockholders´ contributions.
Answer:
1. False
2. True
3. False
4. False
5. True
6. True
Explanation:
1. False: Investment spending is spending on financial assets like stocks and bonds.
2. True: Transfer payments are not counted in the calculation of GDP.
3. False: If the nominal GDP increases then the economy is definitely experiencing inflation.
4. False: An economy is not at full employment unless there is no unemployment.
5. True: Countries that have generous unemployment benefits tend to have higher natural rates of unemployment. 6. True: Lumberjacks are structurally unemployment when they are replaced by machines.
