Answer:
A. Dividends 11,700 Dividends Payable 11,700
Explanation:
The journal entry to record the dividend declared is shown below:
Dividend A/c Dr $11,700
To Dividend payable $11,700
(Being the dividend is declared)
The computation is shown below:
= (Number of shares issued - treasury stock) × cash dividend per share
= (20,000 shares - 7,000 shares) × $0.90
= 13,000 shares × $0.90
= $11,700
Answer:
When an investor adds international stocks to his or her U.S. stock portfolio, a. he or she needs to seek professional management because he or she doesn't have access to international investments on his or her own. b. it will have no impact on either the risk or the return of his or her portfolio. c. he or she will increase his or her expected return but must also take on more risk. d. he or she can reduce the risk of his or her portfolio. e. it will raise his or her risk relative to the risk he or she would face just holding U.S. stocks.
Answer and Explanation:
The answer is attached below
Answer:
C) Rise about 15 percent
Explanation:
The computation of the increase or decrease of real income is shown below:
Initial income equals to
= Nominal income ÷ Consumer price index
= $10,000 ÷ 100
= 100
If it increases, then it would be
= Nominal income ÷ Consumer price index
= $12,000 ÷ 105
= 114.28
So, the real income is increased from
= 114.28 - 100
= 14.28 approx i.e 15 percent
Answer:
1. b) $2 U
2. d) $2800 F
3. a) $6920 F
4. d) $10253 F
Explanation:
1) The activity variance for administrative expenses in May would be closest to: (3000-3020)*.10 = 2 U
Therefore, answer is b) $2 U
2) Revenue variance = (38*4100)-158600 = 2800 F
Hence, answer is d) $2800 F
3) Revenue variance = (5940*32.60)-200564 = 6920 F
So answer is a) $6920 F
4) Spending variance for plane operating costs = (39590+2649*85+4*297)-255690 = 10253 F
So answer is d) $10253 F
