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Vsevolod [243]
3 years ago
12

Greentea Company earned a net income of $ 95,000 during the year ended December ​31, 2018. On December ​15, Greentea declared th

e annual cash dividend on its 6​% preferred stock​ (par value, $128,000​) and a ​$1.00 per share cash dividend on its common stock (52,000 ​shares). Greentea then paid the dividends on January ​4, 2019.
Requirements:
1. Journalize for Java the entry declaring the cash dividends on December 15, 2018.
2. Journalize for Java the entry paying the cash dividends on January 4, 2019.
Business
1 answer:
qwelly [4]3 years ago
8 0

Answer:

Explanation:

The journal entries are shown below:

1. Retained earnings A/c Dr $59,680

             To Dividend payable A/c $59,680

(Being the declaration of the cash dividend is recorded)

The computation is shown below:

= Preferred stock × cash dividend percentage + common stock shares × cash dividend per share

= $128,000 × 6% + 52,000 shares + $1

= $7,680 + $52,000

= $59,680

2. Dividend payable A/c Dr $59,680

                To Cash A/c $59,680

(Being the dividend is paid for cash)

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I believe this is business but idk but if anyone could help me with this that would be amazing
s2008m [1.1K]

The correct answer is a Car salesman

Explanation:

Event planners are professionals in planning and organizing events, which includes weddings, conferences, birthday parties, festivals, among others. Moreover, planning events involves multiple elements such as music, food, decoration, among others and this makes event planners be in contact with vendors (companies or people that sell specific products or services).

In this context, an event planner is likely to be in contact with musicians because music is an essential element in many events, caterers because food is quite common in events, and florists because flowers are often used as part of the decoration. However, it is not likely event planners are in contact with a car salesman because most events do not require buying cars and this is not a common element in events.

6 0
3 years ago
When an organization evaluates people based on the economic or productive potential of their knowledge, experience, and actions
Kryger [21]

Answer:

Human Capital.

Explanation:

When an organization evaluates people based on the economic or productive potential of their knowledge, experience, and actions they are viewing them as human capital which is termed as an intangible asset for any organization but not present on an organization's balance sheet. Human capital is the economic value of the employees skills, expertise and experience which comprises of their training, education, health, intelligence, punctuality, values, ethics, corporate citizenship and loyalty etc.

5 0
4 years ago
Which of the following statements about packaging is the most accurate?
Alik [6]

The answer is: B. For most products, packaging performs only one basic function, to protect the goods inside during shipping, handling and storage. However, this is a critical function, so packaging Must be given a high priority.

I hope this helped. If so, please mark brainliest!

7 0
3 years ago
arciano Manufacturing uses a standard cost system. Standards for direct materials are as​ follows: Direct materials​ (pounds per
denpristay [2]

Answer:

C. Raw material inventory Dr,  $ 72,000

       To Direct material cost variance $27,600

        To Accounts payable $44,400

Explanation:

The Journal entry is shown below:-

The variation in material costs would be favorable in a given situation. Since standard costs higher than real costs. And the journal submission would be for a desirable variance:

Raw material inventory Dr,               $72,000

(12,000 × $6)

       To Direct material cost variance           $27,600

        To Accounts payable                             $44,400

(Being Raw material inventory is recorded)

7 0
3 years ago
6. Global Exporters wants to raise $31.3 million to expand its business. To accomplish this, it plans to sell 15-year, $1,000 fa
kvv77 [185]

Answer:The minimum number of bonds it must sell to raise the money it needs will be 73,242 bonds

Explanation:

Number of bonds = Amount need to expand business / Bond price

But

Bond price = $1,000 / [1 + (0.0575 / 2)^(15 × 2)

Bond price = $1,000 / 1.02875 ^ 30

Bond price = $1,000 /2.340

Bond price = $427.350

Therefore the Number of bonds = $31, 300,000 / $427.350

Number of bonds= 73,242 bonds

The minimum number of bonds it must sell to raise the money it needs will be 73,242 bonds

8 0
3 years ago
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