Answer:
If the company follows the residual dividend policy, it is $50,000 in dividends.
Explanation:
Dividend is calculated by using the formula:
Dividends = Net Income - Equity requirement
where, Equity requirement = Capital budget (% Equity)
= 500,000(70%) = $350,000
∴ Dividends = 400,000 - 350,000
= <u>$50,000
</u>
Answer:
Explanation:
The journal entry is shown below:
On January 1, 2017:
Unearned compensation A/c Dr $120,000
To Common stock (4,000 × $3) $20,000
To Paid-in capital in excess of par value $100,000
(Being restricted stock is issued and the remaining balance is credited to the paid-in capital)
On December 31, 2018:
Compensation expenses A/c Dr $30,000
To Unearned compensation $30,000
(Being compensation expenses are recorded)
The compensation expenses is computed below:
= (Fair value of stock) ÷ (number of years)
= ($120,000) ÷ (4 years)
= $30,000
Answer:
The population is vulnerable.
Explanation:
the reason is that elderly people are majority suffering from health issues and targeting them for marketing may cause them being attacked emotionally. so these marketing practices are subject to criticism.
Answer:
Her personal savings rate is 25%
Explanation:
The formula to compute the personal saving rate is shown below:
= (Earning amount ÷ Net income amount)
where,
Earning amount or saving amount is $68,000
And, the net income or current income equal to
= Earnings - taxes
= $68,000 - $16,000
= $52,000
Now put these values to the above formula
So, the value would equal to
= $13,000 ÷ $52,000
= 0.25 or 25%
