Who sent John this W-2?

Lotoya Davis Corporation has 10 million shares o common stock issued and outstanding. On June 1, the board of directors voted an

Viktor [21]

Answer:

June 1st:

Retained Earnings (Dr.) $8,000,000

Dividends Payable (Cr.) $8,000,000

June 30th

Dividends Payable (Dr.) $8,000,000

Cash (Cr.) $8,000,000

These entries will remain same even in the case of liquidating dividend.

Explanation:

On June 1st the dividend is declared so the journal entry will be

Retained Earnings (Dr.) $8,000,000

Dividends Payable (Cr.) $8,000,000

There will be no journal entry on June 14th.

On June 30th the dividend is paid:

Dividends Payable (Dr.) $8,000,000

Cash (Cr.) $8,000,000

The entry would not have differed if it was a liquidating dividend.

5 0

3 years ago

Requiring industries to recycle 25% of plastics in their manufacturing process is an example of:

vodka [1.7K]

<span>By requiring industries to recycle 25% of plastics in their manufacturing process is one way to prevent pollution and save our environment. We all know that most plastics are not biodegradable, it means that they cannot be decomposed naturally no matter what you do to it. Burning plastic would even harm our environment. In that being said, recycling them would be a better choice. By reusing plastics, the number of it that would just contribute to the world's pollution would be reduced.</span>

4 0

3 years ago

Use your knowledge of the common wind types to complete the blanks in the sentences below.

Liula [17]

Answer:

a). <u>Chinook</u> winds are created when cold air descending the sheltered (leeward) side of the Rockies is warmed by compression.

b). A circulation pattern consisting of a light wind blowing into the city from the countryside is characteristic of a <u>country breeze</u>.

c). A <u>sea breeze</u> is the result of the air over land heating, expanding, and rising, thereby creating a low-pressure area into which cooler air from over the ocean can move.

d). Heated air from mountain slopes gliding up along that slope results in a <u>Valley breeze</u>.

Explanation:

The given blanks have correctly been filled with terms matching the definitions provided. 'Chinook' is described as the descending warm, dry wind on the eastern side of the Rocky Mountains that generally blow from the southwest and can rapidly increase the temperature due to the much warmer air it brings. While country winds are the light winds that blow towards the city from surrounding countries. Sea breezes are defined as the air blowing off the sea on the nearby land and make the area cooler. Valley breeze is the warm air that blows up towards the slopes.

3 0

3 years ago

When the world went to a system of floating exchange rates, the Balance of Payments became a relic of a system of fixed exchange

Hitman42 [59]

Answer:

False

Explanation:

The balance of payments includes all the economic transactions that a country has with the rest of the world, including the balance or trade (exports of goods - imports of goods), balance of services (exports of services - imports of services), capital account (net change in a nation's assets and liabilities), and total unilateral transfers (money sent out f the country vs money sent into the country).

The balance of payments is a very important economic indicator.

8 0

4 years ago

Consider the economies of Hermes and Tralfamadore, both of which produce gobs of goo using only tools and workers. Suppose that,

MAXImum [283]

1. The productivity (in terms of output per worker) in 2016 and 2026 for the economies of Hermes (<u>60 and 72</u>) and Tralfamadore (<u>30 and 54</u>).

2. The 5-unit change in capital per worker causes productivity in <u>Tralfamadore</u> to rise by <u>80%</u> than productivity in <u>Hermes</u> which rose by <u>20%</u>.

3. This illustrates the concept of the <u>catch-up effect</u>, which makes it <u>possible</u> for countries with low output to catch up to those with higher output.

<h3>What is the concept of the catch-up effect?</h3>

The economic concept of the catch-up effect states that developing countries usually develop faster than developed countries, eventually reach the same level of per capita productivity as developed economies.

<h3>Data and Calculations:</h3><h3>Hermes</h3>

Year Physical Capital Labor Force (Workers) Output Productivity

(Tools per worker) (Glops of gloop) (Glops per

worker)

2016 11 30 1,800 60 (1,800/30)

2026 16 30 2,160 72 (2,160/30)

<h3>Tralfamadore</h3>

Year Physical Capital Labor Force (Workers) Output Productivity

(Tools per worker) (Glops of gloop) (Glops per

worker)

2016 8 30 900 30 (900/30)

2026 13 30 1,620 54 (1,620/30)

<h3>Rise in productivity:</h3>

Hermes = 20% (72 - 60/60 x 100)

Tralfamadore = 80% (54 - 30)/30 x 100)

Thus, the productivity (in terms of output per worker) in 2016 and 2026 for the economies of Hermes (<u>60 and 72</u>) and Tralfamadore (<u>30 and 54</u>).

Learn more about the concept of catch-up effect at brainly.com/question/15061995

6 0

3 years ago