The entry to close the dividends account at the end of the year is: Debit cash $5,200 and Credit dividends $5,200
<h3>What is a dividend?</h3>
Dividend is a form of payment made by the company to its existing shareholders, usually as a distribution of profits. It is a portion of company's earnings during the period being returned to their investors.
Dividends are means of both profit distribution and incentives for the investor who keeps on investing in the company.
The entries for dividend accounts are :
Debit cash $5,200
Credit dividends $5,200
Hence, the entry to close the dividends account at the end of the year is: Debit cash $5,200 and Credit dividends $5,200
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Answer
Sheridan should buy because doing so would save it $5900
Explanation
To determine the right course of action we will consider the relevant cost of making and buying
The relevant cost of making $
Variable cost ( 18 × 5,900 106200
Fixed cost (3× 5,900) <u> 17700
</u>
Total cost <u> 123,900</u>
Relevant of buying (20 × 5,900 ) = 118,000
Saving in cost by buying = 123,900 -118,000 =$5900
Answer:
A $ 50
B $ 88
C $ 50
D $ 110
E $ 30
Explanation:
Cost Selling Price Sales Cost NRV
A 50 70 14 56.0
B 90 110 22 88.0
C 50 90 18 72.0
D 110 140 28 112.0
E 30 40 8 32.0
We pick between the net realizable value and the historic cost
In all cases but B , the Cost is lower than NRV
If Daniel took the cash, he could be found guilty of the crime of embezzlement. Embezzlement is a specific type of theft. It is when someone was entrusted with someone else's property (like an employer) and they steal some/all for their personal benefit.
Hope this helps! :)
The long run will see the supply curve of a completive firm changing to the b. portion of the marginal-cost curve that lies above the average-total-cost curve.
<h3>What is the long-run supply curve in a perfect competition?</h3>
In a perfect competition, a company will only produce goods and services at a level where the marginal cost curve is above the average total cost in the long run.
This means that the supply curve will be the marginal cost curve but only the portion of this curve that is above the long-run average total cost curve.
The reason for this is that in the long-run., all the costs in a perfectly competitive firm are considered variable and so they can afford to avoid supply mishaps in the short term.
In conclusion, option B is correct.
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