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S_A_V [24]
3 years ago
14

Hutter Corporation declared a $0.50 per share cash dividend on its common shares. The company has 26,000 shares authorized, 12,6

00 shares issued, and 10,400 shares of common stock outstanding. The journal entry to record the dividend declaration is:
Business
1 answer:
DanielleElmas [232]3 years ago
3 0

Answer:

Dr Retained Earnings $5,200

Cr Common Dividends Payable $5,200.

Explanation:

Preparation of Hutter Corporation journal entry to record the dividend declaration

Since we are told that the Corporation declared a $0.50 per share cash dividend on its common shares in which they had 10,400 as the shares of common stock outstanding. This means the journal entry to record the dividend declaration will be :

Dr Retained Earnings $5,200

Cr Common Dividends Payable $5,200.

(0.50 per share cash dividend ×10,400 shares of common stock outstanding)

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According to OSHA standards, a competent person is defined as one who is capable of identifying existing and predictable hazards
Olin [163]

Answer:

True

Explanation:

OSHA standards are health and safety rules that an employer must put in place to ensure the safety of employees and reduce hazards in the workplace.

Different standards are applicable to different industries like the construction , maritime and other industries.

A competent person , according to the standard is one who is capable of identifying existing and predictable hazards in the surroundings , or working conditions which are unsanitary , hazardous or dangerous to employees and who has authorization to take prompt corrective measures to eliminate them.

6 0
3 years ago
___________ is/are associated with collecting, storing, and distributing the product or service to buyers. They consist of wareh
gayaneshka [121]

Answer:

Outbound logistics

Explanation:

Logistics is defined as the process by which inventory and other goods are moved from their source to locations of use or consumption.

Outbound logistics for a business is concerned with movement of finished goods from a company to the consumer. It is movement of goods outward.

Various activities involved in this are storing, collection, order processing, warehousing, and distribution.

On the other hand inbound logistics deals with inflow of required raw materials and equipment for production or operations.

4 0
3 years ago
Job shops tend to be __________ while continuous processes tend to be __________. Small-scale and flexible; Large-scale and infl
Blizzard [7]

Answer:

Small-scale and flexible; Large-scale and inflexible.

Explanation:

Job shops tend to be <u>small scale and flexible</u> while continuous processes tend to be <u>large scale and inflexible</u>.

Job Shop: It is defined as small manufacturing units that produce a specific and customized product in small batches. Most of the products produced in this process have a unique set up. The estimation of costs is generally most difficult when the Job shop process has been chosen.

Continous processes: It is a streamlined process that has a production flow of products from one step to another without any interruption. A larger quantity is produced at one time, not in batches. It requires sophisticated control system.

7 0
4 years ago
In practice, a common way to value a share of stock when a company pays dividends is to value the dividends over the next five y
kap26 [50]

Answer:

Explanation:

Calculation for 5th year dividend.

Year Dividend Growth Dividend

1 1.23 1.18 1.45

2 1.45 1.18 1.71

3 1.71 1.18 2.02

4 2.02 1.18 2.38

5 2.38 1.18 2.81

Now we find EPS for 5th year through payout ratio.

EPS5 = D5 / Payout ratio

EPS5 = $2.81 / 0.30

EPS5 = $9.37

Calculation for price.

P0 = Benchmark PE ratio x EPS5

P0 = 18 ($9.37)

P0 = $168.66

B. What is the stock price today.

Year Dividend Table value at 14% PV of dividend

1 1.45 0.8771 1.27

2 1.71 0.7694 1.32

3 2.02 0.6749 1.36

4 2.38 0.5920 1.41

5 171.47 0.5193 89.04

Total 94.40

Stock price today = $94.40

3 0
3 years ago
Read 2 more answers
A customer charges a treadmill at Annie's Sport Shop. The price is $4,000 and the financing charge is 9% per annum if the bill i
Alenkasestr [34]

Answer:

$29.59 ≈ $30

Explanation:

Data provided in the question:

Charges for treadmill = $4,000

Financing charges = 9% per annum

number of days in the billing cycle = 30

Now,

The customer fails to pay the charges within the 30 days

therefore,

The financing charges for 30 days will be

= ( Amount × Financing charges × number of days in the billing cycle) ÷ 365

=  ( $4,000× 0.09 × 30 ) ÷ 365

= $29.59 ≈ $30

6 0
3 years ago
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