Troubleshooting computer problems can best be described as a(n) ___

Listed below are the transactions that affected the shareholders' equity of Branch-Rickie Corporation during the period 2021-202

Zina [86]

Answer:

a)

dividends 55.5 million debit

dividends payable 55.5 million credit

--Nov 1st, 2021--

dividends payable 55.5 million debit

cash 55.5 million credit

b)

dividends 2,600,000 debit

dividends distributable 2,600,000 credit

--March 1st--

dividends distributable 2,600,000 debit

Warner Securities 2,300,000 credit

Gain on Investment 300,000 credit

--April 5th--

c)

dividends 119.88 million debit

cash 11.88 million credit

common stock 18 million credit

additional paid-in CS 90 million credit

d)

dividends 58.5 debit

Dividends Payable 58.5 credit

--Nov 1st

Dividends payable 58.5 million debit

cash 58.5 million credit

--Dec 1st--

e) NO ENTRY REQUIRED

f)

dividends 61.425 debit

Dividends Payable 61.425 credit

--Nov 1st

Dividends payable 61.425 million debit

cash 61.425 million credit

--Dec 1st--

Explanation:

a) 111 millions shares x $0.50 = $55.5 millions

c)

111 millions x $18 per share x 6% = 119.88 millions

660,000 x $18 = 11.88 millions

net: 119.88 - 11.88 = 108 millons on shares

$108 millons / $18 per share = 6,000,000 shares

d)

111 + 6 new shares = 117 shares

$117 x $0.50 = $58.5 millons

f) 3-2 split gives 3 shares for every 2 shares

117 x 3/2 = 175.5 millons

175.5 millions x 0.35 per share = 61.425 million cash dividends

7 0

3 years ago

Modern environmentalism works with businesses to promote sustainable development.

Akimi4 [234]

True because it is reguarding concerns for environmental protection, and if a company "cares" about the enviroment or at least the public thinks they care that will improve the development of their company

7 0

3 years ago

Read 2 more answers

A formula is a math equation used in a spreadsheet....... true or false

lisabon 2012 [21]

True, you can use a formula in Excel spreadsheet!

6 0

4 years ago

Read 2 more answers

The Miller Company earned $190,000 of revenue on account during Year 1. There was no beginning balance in the accounts receivabl

Rama09 [41]

Answer:

The amount of uncollectible accounts expense that will be recognized on the Year 1 income statement is $1,620.

Explanation:

To arrive at the amount of uncollectible accounts expense that will be recognized on the Year 1 income statement, we simply need to calculate 3% of the company's sales on account balance, as follows:

3% of ($190,000 - $136,000) = $1,620

So, $1,620 would be the bad debt expense that will be recorded in Year 1 income statement, since there is no opening balance of sales on account and allowance for doubtful accounts.

Also, note that the collection on account during the year would reduce the sales on account balance, as shown above.

4 0

4 years ago

Simon purchases a bond, newly issued by Amalgamated Corporation, for $1000. The bond pays $60 to its holder at the end of the fi

monitta

Answer and Explanation:

The computation is shown below:

a. The principal amount is $1,000

The term is 3 years

The coupon rate is 6%

So, the coupon payment is

= $1,000 × 6%

= $60

b. At the closing of the second year, the remaining amount i.e. paid should be

= $1,000 + $60

= $1,060

Now if the rate of interest is 3%

So, the amount of $1,060 one year from today is

= $1,060 ÷ 1.03

= $1,029

And, if the rate of interest is 8%

So, the value of the bond today is

= $1,060 ÷ 1.08

= $981

And, if the rate of interest is 10%

So, the amount of the today bond is

= $1,060 ÷ 1.10

= $964

c. In the case of the bad news related to the amalgamated corporation

that results in the financial investors to have terror that the firm may be go to bankrupt because of non -payment of debt. In the case when the amount of $1,060 is not made so the financial investor would not be pay $1,000 as they are well known that they can earn 6% without have any risk

7 0

3 years ago

Troubleshooting computer problems can best be described as a(n) ____.