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
viktelen [127]
3 years ago
15

Divine Apparel has 2,600 shares of common stock outstanding. On October 1, the company declares a $0.25 per share dividend to st

ockholders of record on October 15. The dividend is paid on October 31. Record all transactions on the appropriate dates for cash dividends.
Business
1 answer:
murzikaleks [220]3 years ago
6 0

Answer:

Explanation:

The journal entries are shown below:

On October 1

Dividend Declared A/c Dr $650        (2,600 shares × $0.25)

         To Dividend payable A/c $650

(Being dividend is declared)

On October 15

No entry is required

On October 31

Dividend payable A/c Dr  $650

        To Cash A/c  $650

(Being dividend is paid for cash)

You might be interested in
Easywriter manufactures an erasable ballpoint pen, which sells for $1.75 per unit. management recently finished analyzing the re
maxonik [38]

a. 50 cents

Contribution margin per unit is price per unit- variable cost per unit

1.75 - ($50,000/40,000 units)

1.75 - 1.25 = $ .50

b. $8750

Margin of safety is the expected sales - break even sales

(45,000 units * $1.75 per unit) - (40,000 *1.75)

78,750 - 70,000 = $8750

6 0
3 years ago
A bank that has liabilities of $150 billion and a net worth of $20 billion must have:
Yakvenalex [24]
Had to look for the options and here is my answer. Given that the bank possesses a liability that is worth $150 billion and its net worth is only $20 billion, then this would mean that the bank must have ASSETS OF $170 BILLION. Hope this answers your question.
7 0
3 years ago
A company purchased inventory for $ 2 comma 000 from a vendor on​ account, FOB shipping​ point, with terms of 2​/10, ​n/30. The
Flauer [41]

Answer:

Inventory would be 1, 768

Explanation:

2,000  goods

 +200  freight-in (A)

  -400  returned goods

 <u>   -32 </u> discount (B)

1, 768 net amount for inventory

<u>Notes:</u>

(A) The freight-in will be included in the inventory, as is a cost needed to have the inventory in the company's possession and be ready to use or sell.

(B) goods x discount rate

net goods 2,000 - 4,00 return = 1,600

discount for payment within 10 days 2%

Discount on purchase: 1,600 x 2% = 32

8 0
3 years ago
What do the three numbers at the bottom of the check stand for?
Vadim26 [7]

Answer:

Routing number, account number and check number

Explanation:

There are three numbers present at the bottom of the check. On the left side or the first number is a nine digit number that is also called RTN, is routing number. This represents the code of the bank where the account was opened.

Second number in the middle is the account number which is a unique number. All transactions are carried out using this number.

The last number on the right side is the check number. It just represents the check number that one is writing to maintain records.

5 0
3 years ago
Read 2 more answers
The weighted average cost of capital is​ ________. A. the cost of capital for the firm as a whole B. made up of three financing​
Alona [7]

Answer:

The answer is D. All of the above

Explanation:

The Capital structure of most companies comprise equity, debt and/or preference shares. All these that made up capital structure has cost or let's say return. We have cost of capital, cost of debt, cost of preference shares.

Therefore, weighted average cost of capital is average of the cost of each financing​ component(cost of capital, cost of debt and cost of preference shares), weighted by the proportion of each component

All the options relates to the weighted average cost of capital(WACC).

5 0
2 years ago
Other questions:
  • Dr. Duran was asked by company X to develop a selection system for hiring new employees and to revise the existing performance a
    7·1 answer
  • If real GDP per capita in the United States is currently $50,000 and grows at 2.5% per year, it will take approximately how many
    12·1 answer
  • How can the federal budget be used to advance the president's policy agenda?
    8·1 answer
  • Which of the statements below is FALSE?
    15·1 answer
  • Marketing managers at a cosmetic company wanted to find out how resistant their product is to smudging. They hired a research fi
    7·1 answer
  • Lãi suất được trả bởi vì
    11·1 answer
  • Which document gives Congress the power to lay and collect taxes?
    9·1 answer
  • Planes frequently push back from the gate on time but then wait 2 feet from the gate until it is time to queue up for takeoff. T
    8·1 answer
  • Refined Grains, Inc., agrees to sell to sunny cereal company a certain quantity of refined oats each week but no mention is made
    9·1 answer
  • The impact of Furman v. Georgia (1972) was that states had to
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!