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
Naily [24]
3 years ago
8

Following is a recent BusinessSoftware Corp. press release: REDMOND, Wash.—March 16, 2016 — BusinessSoftware Corp. today announc

ed that its board of directors have declared a quarterly dividend of $0.18 per share. The dividend will be payable on June 9, 2016, to shareholders of record on May 19, 2016. The ex-dividend date will be May 17, 2016 Prepare the journal entries BusinessSoftware Corp. used to record the declaration and payment of the cash dividend for its 8,600 million shares.
Business
1 answer:
Dimas [21]3 years ago
5 0

Answer:

Explanation:

1. The journal entry for declaration of dividend is shown below:

Retained Earnings A/c Dr

= (8,600 million shares × $0.18 per share) = $1,548 million

          To Dividend payable in cash                                         $1,548 million

(Being dividend is declared)

2. No journal entry should be passed on the record date

3. The journal entry for payment of the cash dividend is shown below:

Cash dividend payable A/c Dr     $1,548 million

      To Cash                                                              $1,5480 million

(Being payment is made for cash dividend)

You might be interested in
Reggie purchased a life insurance policy with a face amount of $500,000. after 15 years, the cash value has accumulated to $100,
Nadusha1986 [10]
<span>Universal Life Policy

This policy allows you to adjust your annual payments based on your capability (although is has a minimum limit requirement) and sometimes allows you to borrow money based on the accumulated value in the policy itself.
</span><span>Universal Life Policy usually has higher profit rates than whole-life policy.</span>
8 0
3 years ago
At the equilibrium price, the quantity of the good that buyers are willing and able to buya. is greater than the quantity that s
miskamm [114]

Answer:

The correct answer is (B)

Explanation:

The point where demand and supply intersect is known as the equilibrium point. The equilibrium point can shift downward and upward, and it depends on the demand and supply movement in the market. The equilibrium price is the point where the demand for a good is exactly equal to the supply of that good in the market. The equilibrium price is a desirable point in the market because, at this point, demand is equal to supply.

5 0
3 years ago
If the fed sells $5 billion of u. S. Bonds in the open market and the reserve requirement is 5 percent, m1 will eventually:.
olasank [31]

If the fed sells $5 billion of u. S. Bonds in the open market and the reserve requirement is 5 percent, m1 will eventually decrease by $100 billion.

<h3>What is the effect of the sale of bonds on M1?</h3>

M1 is comprised of the most liquid money supply e.g. currency, demand deposits.  When the Fed sells bonds they are conducting a contractionary monetary policy. The aim of this policy is to reduce the supply of money in the economy.

Reduction in the value of money = value of bonds sold / reserve requirement

$5 billion /0.05 = $100 billion.

To learn more about monetary policy, please check: brainly.com/question/3817564

#SPJ1

8 0
2 years ago
A manager is requested to help whenever there is a breakdown in a firm's production line. Which primary skills does this manager
exis [7]

Answer:

engineering

Explanation:

if there is a break down the manager should be able to fix it using engineering.

7 0
3 years ago
Suppose Mexico’s opportunity cost for producing 1 unit of food is 3 units of clothing and the United States’ opportunity cost fo
Paul [167]

Answer:

Mexico export 1 unit of cloth and  import 2 unit of food

Explanation:

given data

Mexico’s cost producing 1 unit of food = 3 units of clothing

US cost producing 1 unit of food = 0.5 units of clothing

Trade  ratio = 1:1

to find out

How beneficial would it be for Mexico

solution

as given in question we know that Mexico opportunity cost of producing food is lower in the US

so here United States will produce food and Mexico will produce cloth

and trade ratio is 1:1 so that  Mexico has export 1 unit of cloth and can import 1 unit of food

and

when the trade ratio is 1 unit of clothing for every 2 unit of food

Mexico export 1 unit of cloth and  import 2 unit of food

so as that Mexico will gains more by  later trade ratio

8 0
3 years ago
Other questions:
  • It costs $1,200 to produce 50 pounds of a chemical and it costs $2,200 to produce 150 pounds. The chemical sells for $15 per pou
    12·2 answers
  • Travis has a 2,400 square foot home. He is a sales representative for a pharmaceutical company and uses one room of his home exc
    11·1 answer
  • The ________ of focus group participants should be judged against the target market profile to assess to what degree the groups
    6·2 answers
  • If a hard fact or visual representation of a fact is needed, which method of incorporating evidence would be most effective?
    14·2 answers
  • True or false? fat loading in the days and weeks prior to an event is recommended as a method of enhancing athletic performance.
    12·1 answer
  • Austin is a self-employed accountant who has been certified in his state. He mostly prepares financial records for small busines
    9·2 answers
  • United Plastics Group of Houston, Texas, decided to invest in a foreign country by setting up two independent injection-molding
    11·1 answer
  • started with total assets of and total liabilities of . At the end of ​, total assets stood at and total liabilities were . Requ
    10·1 answer
  • Scratch Miniature Golf and Driving Range Inc. was opened on March 1 by Scott Verplank. The following selected events and transac
    14·1 answer
  • MARKETING/BUSINESS helpppp
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!