Answer:
Dr Dividends payable ($2*42000) $84000
Cr Cash $84000
Explanation:
Initially,on July 15 2017, the necessary entries would be to debit retained earnings and credit dividends payable with $84000 to show that the company owes the shareholders dividends.
On the payment date, the entries would to debit dividends payable and to record outflow of cash used in making the dividends payment,hence cash or bank account is credited as a decrease in cash and corresponding entry posted to dividends payable.
Answer:
Web brosers are not considered a company's resource.
Explanation:
The reasons behind this answer are that in the first place, the company does own the hardware or office equipment the employee uses to send the e-mails. Also, they own the time because they have the arrangement to acquire the employees' time and skills to develop certain tasks. Furthermore, the company's also own the software they paid for. However, web browsers are free to use and they don't require licenses to be used. Therefore, web browsers are not copay's resources.
Answer: Decline stage
Explanation:
The stage of the sales life cycle the product is in the Decline stage of the product cycle. We can see that the average performance of the product over its past life is higher than that of its last year's performance.
Under the decline stage, there will be a reduction in the quantity of goods that's sold thereby leading to a reduction in profits until it gets to a point that producing the goods will not be profitable anymore.
Answer:
Build another toll road because then they won't have any option but to actually use it since there will be 2
