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meriva
3 years ago
15

The board of directors of Capstone Inc. declared a $0.60 per share cash dividend on its $1 par common stock. On the date of decl

aration, there were 50,000 shares authorized, 20,000 shares issued, and 5,000 shares held as treasury stock. What is the entry when the dividends are declared? A. Dividends 9,000 Dividends Payable 9,000 B. Dividends 9,000 Cash 9,000 C. Dividends 12,000 Dividends Payable 12,000 D. Dividends 12,000 Cash 12,000 Select one: A. Option C B. Option A C. Option D D. Option B

Business
1 answer:
Vinvika [58]3 years ago
6 0

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

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Brent is a full-time exempt employee in Clark County, Indiana. He earns an annual salary of $39,360 and is paid semimonthly. He
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Answer:

  • Federal Income tax ⇒ $80
  • FICA ⇒ $125.46
  • State income tax ⇒ $52.97
  • Local deduction - Clark County Income tax ⇒ $29.52

Explanation:

Brent gets paid semi-monthly so his pay per period is:

= 39,360 / (12 months *2)

= $1,640

Based on the table therefore, his federal tax is:

= $80

This figure is based on the intersection between income of $1,640 and 3 withholding allowances.

FICA tax rate is 7.65% so his FICA tax is:

= 1,640 * 7.65%

= $125.46

State income tax = $52.97

Local deduction - Clark County Income tax = $29.52

Total deductions:

= Federal tax + FICA + State income tax + Clark County income tax

= 80 + 125.46 + 52.97 + 29.52

= $287.95

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3 years ago
Suppose your firm has a​ u-shaped average variable cost curve and operates in a perfectly competitive market. if you produce whe
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Go app so so so so so do
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3 years ago
Bartosiewicz Clinic uses client-visits as its measure of activity. During January, the clinic budgeted for 3,100 client-visits,
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Answer:

$354 Favorable

Explanation:

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Net Operating Income in Planned budget = (3,100*$35.10) - (3,100*$17.40 + $44,400)

Net Operating Income in Planned budget = $108,810 - $98,340

Net Operating Income in Planned budget = $10,470

Net Operating Income in Flexible budget = Revenue - Total Expense

Net Operating Income in Flexible budget = (3,080*$35.10) - (3,080*$17.40 + $44,400)

Net Operating Income in Flexible budget = $108,108 - $97,992

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Activity variance for net operating income = $10,470 - $10,116

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3 years ago
A strategic vision for a company__________
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Answer:

e. describes "where we are going" by delineating the course and direction management has charted for the company's future product-customer-market-technology focus.

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The vision is how the company will shape the future. How is going to be in term of culture, place in the market and consumer view of the brand.

It is the idealistic foundation of the firm. Is the goal as pure as it can be.

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Henry Edwards was injured in an accident caused by another driver who did not have insurance. Henry's medical expenses would be
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The correct answer is option D, uninsured motorists protection

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