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raketka [301]
4 years ago
15

Record the entry for cash dividend received of $200,000 from the Ferry Intercommunications common shares.

Business
1 answer:
Marizza181 [45]4 years ago
5 0

Answer:

Dr Cash Account and Cr Income statement (i.e investment income)

Explanation:

This represents returns received on  shareholding with  Ferry Intercommunications.

This will credited  as other income in the income statement and it will also increase the company's cash balance since it is a cash inflow.

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A section at the top of the page that makes it easy for the recipient to respond to a letter is called a(n)
RoseWind [281]

Answer:

address block.

Explanation:

A recipient of a letter can respond to it if they have sufficient information about the sender. This is found in the address block section of the letter. It includes the individual's or organization's name, the individual's title, the city, state, zip code and the country of residence. The receiver is therefore able to respond by writing back to the same address contained in the aforementioned section of the letter hence leading to effective communication.

4 0
3 years ago
Suppose a commercial bank has checkable deposits of $60,000 and the legal reserve ratio is 25 percent. If the bank's required an
MAXImum [283]

Answer: $30000

Explanation:

Based on the information given in the question, the required reserve will be:

= $60000 × 25%

= $15000

Since the bank's required and excess reserves are equal, then the excess reserve will be $15000.

Therefore, the actual reserves will be:

= Required reserve + Actual reserve

= $15000 + $15000

= $30000

6 0
3 years ago
Take It All Away has a cost of equity of 11.17 percent, a pretax cost of debt of 5.32 percent, and a tax rate of 40 percent. The
frozen [14]

Answer:

WACC=(Ke*E+D*Kd)/(E+D)

Explanation:

Ke (Cost of Equtiy)=11.17%

Kd (Cost of Debt)=5.32%

E (Market value of Equity)=?

D(Market Value of Debt)=65

If D market value is 31% of Total Market value of company  so by grossing up D We get E+D=65/.31=210. So E=210-65=145

WACC=(Ke*E+D*Kd)/(E+D)

WACC=(11.17%*145+65*5.32%)/(145+65)

WACC=(16.2+3.5)/(210)

WACC=9.36%

3 0
3 years ago
In the month of March, Ivanhoe Salon services 550 clients at an average price of $150. During the month, fixed costs were $26,88
Fed [463]

Answer and Explanation:

The computation is shown below:

a. Total sales is

= 550 clients × $150

= $82,500

Variable costs is

= 60% of sales

= 60% × $82,500

= $49,500

Now

Contribution margin is

= total sales - variable costs

= $82,500 - $49,500

= $33,000

and, Contribution margin per unit is

= contribution margin ÷ total units

= $33,000 ÷ 550

= $60

And,

Contribution margin ratio is

= contribution margin ÷ total sales

= $33,000  ÷ $82,500

= 40%

3 0
3 years ago
On a production possibilities curve, where would a society dealing with unemployment be producing?
dezoksy [38]
Unemployment willl cause the production possibilities to shift inwards, so I the answer would be option A.
During massive unemployment period, production possibilities will heavily decrease due to the lower amount of capital and the lower amount of consumers for that potential product (which happen because the consumers lose a lot of its purchasing power). This situation will cause the curve to move inwards.
3 0
3 years ago
Read 2 more answers
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