Answer:
Retained earnings A/c Dr $500,000 (100,000 shares × $5)
To Dividend payable A/c $500,000
(Being the dividend is declared)
Explanation:
The journal entry is shown below:
Retained earnings A/c Dr $500,000 (100,000 shares × $5)
To Dividend payable A/c $500,000
(Being the dividend is declared)
For recording this we debited the retained earning as it reduced the stockholder equity and at the same time it increased the liabilities so dividend payable is credited
Answer:
Land 373,500
Building 1,100,000
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land improvements 67,000
Fence 55,000
Sign 12,000
Explanation:
Land cost:
cash 160,000
note payable 145,000
delinquent property tax 4,000
insurance costing 1,500
level the land 3,000
soil <u> 60,000</u>
Total land: 373,500
The land will be recorded for all the cost necessary to get it ready for use.
The soil, once added can't be differentiate from the original land. It is added to the land is not an improvement.
The office building will be for 1,100,000
land improvements will be the fence and signs:
fence 55,000
sign <u> 12,000 </u>
total 67,000
Answer:
Payment will be made within 31 days of birth
Explanation:
Value Pricing policy is honda using.
This is an example of " Value Pricing" since value pricing is based on the "Value" that the product creates in the minds of the customer.
Explanation of why others are not selected.
1. CUmulative quantity discount is offered for customers who purchase several items at once which is not the case
2. Bundle pricing is offred for the customer who purchases all the goods at once which is not the case.
3. Introductory pricing involves pricing low at the time of introducing a new model to gain market penetration which is also not the case
Value pricing is customer-oriented pricing. H. Companies set prices based on how much customers believe in the value of their products. Value-based pricing differs from "cost plus" pricing, which includes production costs in the price calculation.
Learn more about Value Pricing here: brainly.com/question/7459025
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