1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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  

You might be interested in
How can the 3d rendering service helps you to win the architecture competition?
prohojiy [21]

Explanation:

We would take your architectural plans or basic 3D model and turn it into a photorealistic visual

3 0
3 years ago
A major bank has an application where customers can see their balances in their checking accounts, the positions in their broker
Leokris [45]

Answer:

The correct answer is letter "D": The customer service center.

Explanation:

The customer service center is a web attractor that allows customers to self-assist in basic operations or by accessing basic data of their own. Balances, statements, payment history, and recent transactions are among the information consumers can access to in a blink of an eye thanks to this online data feed. In case a piece of information is unclear, this feed usually has direct access to reach a customer service representative for an explanation.

5 0
3 years ago
GDP is the market value of: A. Resources (land, labor, capita, and entrepreneurship) in an economy in a given year B. All final
frutty [35]

Answer:

B) All final goods and services produced in an economy in a given year

Explanation:

That's the definition of GDP, gross domestic product. By virtue of the name, it's the total product (output) of a given economy. It's measured through the values of all final goods and services, so as to not count the same good or service twice.

3 0
2 years ago
What ethical standard is being violated when you tell a friend that the company you work for is going to report lower than expec
zhenek [66]

Answer:

Confidentiality

Explanation:

The Ethical standard of Confidentiality is one that demands an individual keeps information about a person or company out of public knowledge. It means that any information you have about a client or company that you work for is strictly meant to be between you and the company; no third parties. Information such as health details, company earnings, therapy session details, etc are examples of information meant to be kept confidential. A failure to keep confidentiality can result in legal action being taken against the erring individual.

Cheers

4 0
3 years ago
ou are considering implementing a lockbox system for your firm. The system is expected to reduce the collection time by 3 days.
Taya2010 [7]

The net present value of this lockbox arrangement is $1,205,378.06.

Since you are considering implementing a lockbox system for your firm, and on an average day, your firm receives 1,370 checks with an average value of $ 880 each, and the daily interest rate on Treasury bills is 0.01 percent, and the bank charge per check would be $ 0.25, to determine what is the net present value of this lockbox arrangement, the following calculation must be performed:

  • ((1370 x 880) x 1.0001) - (1370 x 0.25) = X
  • 1,205,720.56 - 342.5 = X
  • 1,205,378.06 = X

Therefore, the net present value of this lockbox arrangement is $1,205,378.06.

Learn more about maths in brainly.com/question/25903947

5 0
2 years ago
Other questions:
  • The last time an attorney addresses a jury is during the
    11·2 answers
  • Patricia deposited $350 in a savings account with two percent simple interest. If she keeps it in the account for one year, how
    15·1 answer
  • Institutional review boards help to ensure the safety of subjects of review. who sits on such a board?
    6·1 answer
  • All fees and costs associated with the booking of a hotel room reservation for a consumer need to be disclosed in which of the f
    6·1 answer
  • Alice helped a sales manager place an ad on job boards and hire five new salespeople. She calculates that the total cost to recr
    8·2 answers
  • In Econland autonomous consumption equals 700, the marginal propensity to consume equals 0.80, net taxes are fixed at 50, planne
    11·1 answer
  • Assume instead that the equipment was disposed of in 2022 and the original error was discovered in 2023 after the 2022 financial
    10·1 answer
  • If a bank sells​ $10 million of bonds to the Fed to pay back​ $10 million on the loan it​ owes, what will be the effect on the l
    9·1 answer
  • The availability of a commodity is referred to as its
    13·1 answer
  • An overhead variance report includes which of the followings:
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!