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TEA [102]
3 years ago
7

Cash dividends of $83,126 were declared during the year. Cash dividends payable were $9,151 at the beginning of the year and $15

,635 at the end of the year. The amount of cash for the payment of dividends during the year is a.$92,277 b.$76,642 c.$83,126 d.$107,912
Business
1 answer:
morpeh [17]3 years ago
7 0

Answer:

option (b) $76,642

Explanation:

Data provided in the question:

Cash dividends declared = $83,126

Cash dividends payable at the beginning of the year = $9,151

Cash dividends payable at the end of the year = $15,635

Now,

Cash payment of dividends

= Cash dividends declared + Beginning cash dividends payable - Ending cash dividends payable

= $83,126 + $9,151 - $15,635

= $76,642

Hence,

the answer is option (b) $76,642

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When using the interval recording method, regardless of the number of responses, if the behavior occurs in a given segment, the
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3 years ago
How many calories per day would be need to allow a one pound increase in lean body weight per week during a resistance training
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8 0
2 years ago
Read 2 more answers
Dagnon Corporation uses direct labor-hours in its predetermined overhead rate, At the beginning of the year, the total estimated
xenn [34]

Answer:

a) $17.70

Explanation:

The computation of the predetermined overhead rate is shown below:

But before that we need to do the following calculations

Applied manufacturing overheads is

= $13,850 + $294,130

= $307,980

And,

Applied manufacturing overheads is

= predetermined overhead rate × Actual direct labor hours

Hence predetermined overhead rate is

= $307,980 ÷ 174,00 hours  

= $17.70

Therefore, the correct option is d. $17.70

3 0
3 years ago
Alicia deposited $400 in the bank. The bank paid her simple interest at the rate of 5 percent per year. How much money will she
algol13

Using simple interest, she will have $410 at the end of six months.

Principle = $400

Rate = 5%

Time equals 6 months, or 0.5 years.

Simple interest is equal to PRT/100.

S.I. = 400*5*(1/2)/100

S.I. = 10

Consequently, $400 plus $10 equals $410.

<h3>What is simple interest?</h3>

To calculate the amount of interest that will be charged on a loan, use the quick and easy formula known as simple interest. For the purpose of calculating simple interest, the daily interest rate, the principal, and the number of days between payments are multiplied.

A loan's principal or the first deposit into a savings account serves as the basis for simple interest. Because simple interest doesn't compound, a creditor would only pay interest on the principal sum, and a borrower will never have to pay interest on the interest that has already accrued.

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6 0
8 months ago
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