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Goshia [24]
3 years ago
12

What is the maximum cash dividend Jones can pay on December 31, year 2?

Business
1 answer:
gladu [14]3 years ago
3 0

Answer 5,000 is the maximum dividend that can be paid to shareholders.

Explanation:

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Rugged Bicycles, Inc. collects 25% of its sales on account in the month of the sale and 75% in the month following the sale. If
damaskus [11]

Answer:

$412,500

Explanation:

March

Cash receipts from sales on account for April = $400,000 * 75%

Cash receipts = $300,000

April

Cash receipts from sales on account for April = $450,000 * 25%

Cash receipts = $112,500

Total Cash receipts = Cash receipts from sales on account from March + Cash receipts from sales on account from April

Total Cash receipts = $300,000 + $112,500

Total Cash receipts = $412,500

5 0
3 years ago
During 2015, Wright Company sells 470 remote-control airplanes for $110 each. The company has the following inventory purchase t
Kaylis [27]

Answer:

Cost of Good Sold Using Fifo $40,570

Ending inventory using Fifo $3,600

Ending inventory Using Specific Identification can not be calculated as the total sales (555) exceeds the available inventory (510)  

Explanation:

8 0
3 years ago
Ivanhoe Corporation issued $468,000 of 6% bonds on May 1, 2020. The bonds were dated January 1, 2020, and mature January 1, 2023
max2010maxim [7]

Answer:

May 1, 2020

Dr Cash $477,360

Cr Bonds Payable $468,000

Cr Interest Expense $9,360

July 1, 2020

Dr Interest Expense $14,040

Cr Cash $14,040

Dec 31, 2020

Dr Interest Expense $14,040

Cr Interest Payable $14,040

Explanation:

May 1, 2020

Dr Cash $477,360

Cr Bonds Payable $468,000

Cr Interest Expense $9,360

(Accrued Interest = 468,000 x 6% x 4/12)

July 1, 2020

Dr Interest Expense $14,040

Cr Cash $14,040

(Bond interest expense = $468,000 x 6% x 6/12)

Dec 31, 2020

Dr Interest Expense $14,040

Cr Interest Payable $14,040

6 0
3 years ago
Flex Co. uses a periodic inventory system. The following are inventory transactions for the month of January: 1/1 Beginning inve
Radda [10]

Answer:

The total cost of goods sold =  $37,500

Explanation:

Given:

Beginning inventory = 10,000 units at $3

Purchase inventory = 5,000 units at $4

Purchase inventory = 5,000 units at $5

Sale inventory = 10,000 units at $10

Total inventory units = [10,000 + 5,000 +5,000]

Total inventory units = [20,000]

Total Cost of inventory units = [(10,000×$3) + (5,000×$4) + (5,000×$5)]

Total Cost of inventory units = [$30,000 + $20,000 + $25,000]

Total Cost of inventory units = [$75,000]

Average price per unit = Total Cost of inventory units / Total inventory units

Average price per unit = $75,000 / 20,000

Average price per unit = $3.75

The total cost of goods sold = 10,000 units sold × $3.75

The total cost of goods sold =  $37,500

3 0
3 years ago
when considering the materials aspect of your art show budget, you should consider everything you need others to do to make the
sladkih [1.3K]

When considering the materials aspect of your art show budget, you should consider everything you need others to do to make the show happen, this statement is false.

An art show is historically the distance wherein artwork objects meet an target market. The showcase is universally understood to be for a few brief duration except, as is hardly ever genuine, it is said to be a "everlasting exhibition". In American English, they may be referred to as "showcase", "exposition" or "display".

What is the reason of an art show?

"Short solution: to make artists' ideas public. "long answer: The reason of an art show is ultimately unique to every exhibition, pushed with the aid of artists' ideas, the context of the distance, and the organizer/curator.

How do I get into art show?

Recognize the topic.

Study and understand the rules thoroughly.

Follow the regulations.

Input the most quantity of portions that you are allowed.

Provide the info but not any greater than that.

Enter as many suggests as possible.

Do not take it for my part in case your artwork doesn't get in.

Learn more about art show here:- brainly.com/question/25729154

#SPJ4

8 0
2 years ago
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