Answer:
Debited to Retained Earnings of $500,000.
Explanation:
At the time of declaration of the dividend, the journal entry is recorded which is shown below:
Retained earning A/c Dr $500,000
To Dividend payable A/c $500,000
(Being cash dividend declared)
On the declaration date, the dividend amount is recorded. So while recording we debited the retained earning account and credited the dividend payable account
All other information which is given is not relevant. Hence, ignored it
Your question is not complete but from the information I sourced for, there are total 660 families and 412 families claimed they would buy ecolabeled apples.
Answer:
0.6242 fraction of families claim they will buy ecolabeled apples
Explanation:
When a binary variable ecobuy is defined such that ecobuy = 1 if ecolbs > 0 else ecobuy = 0.
Out of 660 families, there are 412 families who claimed they would buy ecolabeled apples.
The fraction of families who claim they would buy ecolabeled apples is therefore calculated as follows; 412/660 = 0.6242 fraction of families.
In percentage; 0.6242*100 = 62.42% of families.
That means 62.4242% of families claimed they would buy ecolabeled apples.
Answer:
The answer is: B) $3,000 deduction
Explanation:
Tom can make only a $3,000 deduction this year since this loss qualifies as a capital loss. He doesn't have any capital gains to offset this loss. Therefore this year he is limited to make a $3,000 deduction against ordinary income and the remainder must be carried over to subsequent years.
Answer:
In house counsel
Explanation:
In house counsel handle of legal matters of the firm, policy, tax and regulatory matters or may occupy managerial positions
Answer:
800 units of product A must be sold for break-even
Explanation:
Given, weighted-average contribution is $100.
Total break-even units = Total fixed cost / Weighted-average contribution
Total break-even units = $400,000 / $100
Total break-even units = 4,000 units
Product A break-even = 4,000 x 20%
Product A break-even = (800 units)
Hence, the correct answer is 800 units.
