1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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)

You might be interested in
In the context of internal components of organizations, the _____ is the wide range of tools, knowledge, and/or techniques used
abruzzese [7]

Answer:

The correct answer is letter "C": Organizational technology.

Explanation:

Organizational technology refers to all the equipment -hardware and software- a company counts on to fasten, automate, and improve the firm's operations. This technology also includes unique strategies and knowledge in general that allow entities to have a competitive advantage.  

<em>Thanks to organizational technology companies can use inputs -such as raw materials- and transform them in intermediaries goods or products ready to be offered to end-consumers.</em>

4 0
3 years ago
Suppose you own a stock that you believe will produce a return of 13% in a good economy and 4% in a poor economy. Given the prob
agasfer [191]

Answer:

The correct answer is letter "B": Expected return.

Explanation:

Expected return is the return an investor expects from an investment given the investment's historical return or probable rates of return under different scenarios. To determine expected returns based on historical data, an investor simply calculates an average of the investment's historical return percentages and then, uses that average as the expected return for the next investment period.

In the example, the expected return would be:

<em>Expected return </em><em>= (return in a good economy + return in a poor economy)/2</em>

<em>Expected return </em><em>= (13% + 4%)/2</em>

<em>Expected return </em><em>= </em><em>8,5%</em>

7 0
3 years ago
Explain the make-or-buy process and describe how to perform the financial calculations involved in the simple lease-or-buy examp
ioda

Answer:

A make-or-buy decision is an act of choosing between manufacturing a product in-house or purchasing it from an external supplier.

The three main types of contracts if you want to outsource are

  1. Time and materials Contract
  2. Fixed Price Contract
  3. Target Cost Contract

Explanation:

Make-or-buy decisions, like outsourcing decisions, speak to a comparison of the costs and advantages of producing in-house versus buying it elsewhere.

There are many factors at play that may tilt a company from making an item in-house or outsourcing it.

Make-or-buy decisions must be based on the relevant cost of each option.

Relevant costs in make-or-buy decisions include all incremental cash flows.

Any cost that does not change as a result of the decision should be ignored such as depreciation and indirect fixed costs.

3 0
3 years ago
Assume the owners of the only gambling casino in wisconsin spend large sums of money lobbying state government officials to prot
Oksana_A [137]
When the<span> owners of the only gambling casino in Wisconsin spend large sums of money lobbying state government officials to protect their gambling monopoly. economists will refer to these expenditures as: Rent-seeking

Rent-seeking expenditure refers to an expenditure that happened in during the effort of lobbying external party in order to gain economic favor.</span>
6 0
3 years ago
he local botanical society wants to ensure that the gardens in the town park are properly cared for. The group recently spent $1
Gennadij [26K]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

The members want to set up a perpetual fund to provide $100,000 for future replantings every 10 years. The interest rate is 5%.

I will assume that the money is deposited as a lump sum:

FV= PV* (1 + i)^n

PV= FV/ (1+i)^10

PV= 100,000 / 1.05^10= $61,391.33

Now, if n is 100 years:

PV= 100,000/ 1.05^100= $760.45

7 0
3 years ago
Other questions:
  • Wilson is currently operating at maximum capacity. The firm has a net income of $2,250, total assets of $24,600, long-term debt
    14·1 answer
  • We learned that a firm should hire employees as long as the rule that marginal revenue product exceeds marginal cost holds. Many
    8·1 answer
  • Grayson (single) is in the 24 percent tax rate bracket and has sold the following stocks in 2019: (Loss amounts should be indica
    13·1 answer
  • The leader must believe that workers should be treated as honorable individuals, justly rewarded, encouraged in their own progre
    11·1 answer
  • Larry and Teri allocate their consumption between two goods: hats and bats. The price of hats is $4 each, and the price of bats
    15·1 answer
  • Can someone help me please? I attached the question and table. THANKS!!
    13·2 answers
  • Wayne grants his cousin, Vinnie, a franchise in Wayne's local sandwich shop. Wayne writes the agreement so that he controls ever
    12·1 answer
  • Waze, a GPS Navigation app, relies on inputs from users to provide information on traffic conditions and uses artificial intelli
    13·1 answer
  • Stella, age 38, is single with no dependents. The following information was obtained from her personal records for the 2020 year
    12·1 answer
  • Select the correct answer. cameron purchased an electric guitar for $1,875. the value of the guitar depreciates by 20% each year
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!