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Leto [7]
3 years ago
13

A company paid jen rogers, its sole stockholder, a total of $22,000 in dividends during the current year. the entry needed to cl

ose the dividends account is:
Business
1 answer:
Natasha_Volkova [10]3 years ago
8 0

Answer:

Retained earnings......................Dr          $22,000

              Dividend expense                                       $22,000

Explanation:

There are two accounts, temporary and permanent accounts. Temporary accounts such as dividends and revenue need to be closed and charged against permanent accounts at the end of reporting period. This is done to estimate the total earnings of the firm during the period.

Dividends are charged to permanent account, retained earnings. Following is the closing entry:

Particulars                                Debit                Credit

Retained earnings                   $22,000

       Dividend expense                                     $22,000

(Dividends expenses closed

by charging to retained earnings)

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Jessica spends all her income on two goods, A and B. The price of A is $5, and the price of B is $7. At the current consumption
masha68 [24]

Answer:

Jessica should consume more of good A.

Explanation:

Jessica spends all her income on two goods, A and B.

The price of A is $5, and the price of B is $7.

At the current consumption bundle, the marginal utility of A is 10, and the marginal utility of B is 21.

The total utility is maximized when the ratio of marginal utility and price of the goods consumed is equal for all the goods in the bundle.

The ratio for Good A

= \frac{10}{5}

= 2

The ratio for good B

= \frac{21}{7}

= 3

Since the ratio is higher for good B, the consumer should shift from consumption of good B to good A until the ratio is equal for both the goods.

5 0
3 years ago
According to the video, what are the goals of window displays? Check all that apply.
motikmotik

Answer: to catch the eye and to make merchandise look irresistible

7 0
3 years ago
Read 2 more answers
Over a five-year span, the ABC Co. reduced the amount of labor it hired. At the same time, the marginal productivity of labor in
tankabanditka [31]

Answer: D. All of the above

Explanation: The three options listed could explain why the productivity of labor increased with a reduction in the quantity of labor hired. The law of diminishing returns states that as more and more inputs of production are added, a time comes in when additional inputs causes no corresponding increase in productivity. At points like this a reduction in the input added would restore productivity.

Reducing the amount of labor obviously is a labour saving technical change. Changes in organizational innovation can also result in changes in productivity.

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3 years ago
The following information is taken from Reagan Company's December 31 balance sheet:
zimovet [89]

Answer:

Firm’s sales uncollected for year is 42 days.

Explanation:

Account receivable turnover ratio = $621,000 / $70,422

Account receivable turnover ratio = 8.69

Thus, accounts receivable turnover ratio is 8.69

Average collection period = 365 / Account receivable turnover ratio

Average collection period = 365 days / 8.69

Average collection period = 42.00

Thus, firm’s sales uncollected for year is 42 days.

8 0
3 years ago
In a proposal, where should you introduce the problem, need, or opportunity you'll address?
natita [175]

In the opening as the introduction is the place where introduce the problem, need, or opportunity that will address by the person, in a proposal.

<h3>What does it mean to write a proposal?</h3>

A proposal is a document that, technically speaking, tries to persuade the reader to adopt a plan or project that is being provided. For their operations to be successful and to land new contracts, the majority of firms rely on persuasive proposal writing.

A person can observe that a proposal frequently contains the following: a brief explanation of the problem, the suggested solution, the costs involved, and the benefits.

Thus, In the opening as the introduction is the place.

For more details about write a proposal, click here:

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2 years ago
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