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3 years ago

When previously declared cash dividends on common stock are paid which account would the corporation debit?

Business

1 answer:

garri49 [273]3 years ago

4 0

Answer:

Explanation:

Financial Statements depicts the financial position of a firm at a particular point of time or specified date. The users of financial statements use various types of analysis to understand or compare the current financial statements of the company to prior years or with those of the competitors.

The journal entry on declaration of dividend would lead to a debit to retained earnings and credit to dividends payable.

No journal entry is passed on the date of recording dividend.

Later, on the date of payment of dividend would lead to a debit to dividends payable and credit to cash account.

The journal entries have been shown below:

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Four hospitals are located within a city at coordinate points P1=(10,20), P2=(14,12), P3=(8,4) and P4=(32,6). The hospitals are

Illusion [34]

Answer:

The coordinates of the location of the Blood bank = ( 20.7826, 9.73913 )

Explanation:

Coordinates of the Four(4) hospitals are

P1=(10,20), P2=(14,12), P3=(8,4) and P4=(32,6)

Number of deliveries to be made each year for each hospital respectively:

450, 1200, 300, and 1500

conditions :

(i) if travel is rectilinear in the city

(ii) if travel is measured in Euclidean distance.

Determine where the Blood bank is to located to minimize weighted distance travelled each year

find the values of the below variables :

Total load of the Hospitals( ∑load ) = 450 + 1200 + 300 + 1500 = 3450

Lx = ∑x * load = ∑ 10*450 + -------- + 32*1500 = 71700

Ly = ∑y * load = ∑ 20*450 +--------- + 6*1500 = 33600

The coordinates of the Blood bank = [ ( Lx / ( ∑load ) ) , Ly / ( ∑load ) ]

=[ (71700/3450) , (33600/3450) ]

Hence The coordinates of the location of the Blood bank = ( 20.7826, 9.73913 )

6 0

3 years ago

Match each feature with the savings account type.

Marysya12 [62]

1. Basic savings account

-allows ATM withdrawals

-allows money transfer

A savings account is an interest bearing deposit account held at a bank or other monetary foundation that gives an unassuming loan fee. The budgetary organizations may constrain the quantity of withdrawals you can make from your investment account every month. They additionally may charge expenses except if you keep up a specific normal month to month balance in the record. In most cases banks don't give checks investment accounts.

2. CD

-offers a higher interest rate

-has a maturity date

A certificate of deposit is a consent to store cash for a settled period with a bank that will pay you premium. You can contribute for three months, a half year, one year or five years. You will get a higher loan fee for the more drawn out time duty. You guarantee to leave all the cash, in addition to the enthusiasm, with the bank for the whole term.

Basically, you are loaning the bank your cash as an end-result of premium. The CD is a promissory note that the bank issues you.

8 0

3 years ago

Read 2 more answers

Salon Company originally issued 4,000 shares of $10 par value common stock for $120,000 ($30 per share). Salon subsequently purc

katen-ka-za [31]

Answer:

(D) Credit to Paid-In Capital from Treasury Stock for $800.

Explanation:

Please see attachment

6 0

3 years ago

Instructions: Read the Grand View Grocers Corporation case below.

Natali5045456 [20]

Solution and Explanation:

The following would be the specifications of the training module for the cashiers:

1. There would be multiple modules consisting of the job responsibilities as refresher courses and at the same time, the new market conditions and additional job related things that they must be doing in the near future would be the other modules.

2. The key areas that the multi module training program would be focussing on would be, customer relationship training, system and data maintenance training, documentation and accounting module

3. The training intervention would be preferably on job and alongside there would be a mentor/coach allotted to the cashiers who are experts in the field preferably store managers and functional experts. For the system related modules, they would be having simulation based modules. Only during the non rush-hours there would be offline training and update sessions with respect to the progress made on their training and the productivity improvement they have achieved over the past week.

The incentives associated with the productivity improvement would be translated into incentivising the cashiers to take up the training modules. The weekly update on the productivity improvement and the progress in their training would inturn make them competitive in nature. While coming to why such distribution has been done with respect to the modules, essentially if we look at the job of the cashiers, it’s a round the clock job and they would lose out on precious working hours if the training is done on an offline basis.

The simulations would definitely help understand the process but the on job training would be the one that is standing out, as they would be continuing their task and at the same time, the result is right in front on them to experience and therefore the distribution of the modules to not stress them out and at the same time not losing out on their time as well.

6 0

3 years ago

Veruca sells therapeutic bath salts on the Internet. Her annual revenue is $52,000 per year, the explicit costs of her busines

koban [17]

Answer:

D. $38,000

Explanation:

The formula to compute the accounting profit is shown below:

Accounting profit = Annual revenue - Explicit cost

= $52,000 - $14,000

= $38,000

It shows a relationship between the annual revenue and the explicit cost. The difference between these two is known as accounting profit.

8 0

3 years ago