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leva [86]
3 years ago
6

November 12 - Declared a total cash dividend of $45,000 for stockholders of record November 20 payable on December 1. Record the

journal entries required by these events. If no entry is required, select "No Entry" and leave the amount boxes blank. If an amount box does not require an entry, leave it blank. Nov. 12 Nov. 20 Dec. 1 Briefly describe the significance of November 20. It represents the date .
Business
1 answer:
Kisachek [45]3 years ago
4 0

Answer:

Following are the journal entries recorded;

November 12

Debt: Cash Dividend = $45,000

Credit: Dividend Payable = $45,000

Declaration of Cash Dividend is recorded  

November 20

No Entry is recorded

December 01

Debt: Dividend Payable = $45,000

Credit: Cash = $45,000

Cash Dividend Payment recorded

The significance of date November 20 is to record the dividend date, the organization regulates the eligibility of the shareholder to collect the dividend  

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Suppose Ford Motor Company issues a five year bond with a face value of $5,000 that pays an annual coupon payment of $150.
blondinia [14]

Answer:

interest rate =  15%

value of the bond will decrease

Explanation:

given data

face value = $5,000

time = 5 year

annual coupon payment = $150

solution

we get here interest rate on the borrowed funds that will be as

interest rate = \frac{annual\ coupon}{face\ value/time}  × 100

put here value we get

interest rate =  \frac{150}{\frac{5000}{5} }  × 100

interest rate =  15%

and

when bond issued at interest rate =  3 %

but market interest rate 4%

so seller will reduce price of bond less than the face value

because we will look for atleast 4% payout when bond matures

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6 0
4 years ago
The College Bookstore sells a unique calculator to college students. The demand for this calculator is constant at 20 units per
siniylev [52]

Answer:

c. 246 units

Explanation:

Daily demand, d = 20 units

Service Level = 95 % = 0.95. Z (according to Standardized Normal Curve) = 1.65

Average Lead Time, LT-bar = 9 days

Standard deviation of Lead Time, σLT = 2 days

Reorder Point = Expected Demand during Lead time + Safety Stock

Reorder Point = d*LT-bar + z*d*σLT

Reorder Point = (20*9) + (1.65*20*2)

Reorder Point = 180 + 66

Reorder Point = 246 units

6 0
3 years ago
in one or two sentences explain the role of prices in a market and include distribution, producers and consumers
xenn [34]
<h2>Answer:</h2>

The price of goods represents a crucial role in managing an effective distribution of supplies in a market system. Price serves as a signal for deficits and surpluses which help firms and customers respond to changing market conditions.

8 0
3 years ago
Read 2 more answers
Standard inc. has an annual interest expense of $40,000. if standard's times-interest-earned ratio is 3.0, what is standard's ea
valentina_108 [34]

Hello!

Time interest earned ratio=income before tax and interest expenses÷interest expenses

3=X÷40000
Solve for x
X=3×40000
X=120000 This is income before tax and interest expenses but we need to figure out earning before tax only as required so
Earning before tax=120,000−40,000
=80,000. Answer

Good luck!

5 0
3 years ago
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serg [7]
The options were 
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7 0
3 years ago
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