Which US government agency creates regulations such as product labeling?

Roe Corporation owns 2,000 shares of WRJ Corporation stock. WRJ Corporation has 25,000 shares of stock outstanding. WRJ paid $4

Fudgin [204]

Answer:

c. Debit Cash, $8,000; credit Dividend Revenue, $8,000

Explanation:

In the given scenario the number of shares owned by Roe Corporation is 2,000 shares out of a total of 25,000 shares.

So when dividend of $4 is given per share, Roe will have dividend of

Dividend = Number of shares * Dividend per share

Dividend = 2000 * 4

Dividend = $8,000

The entry to indicate reciept of the dividend will be Debit Cash, $8,000; credit Dividend Revenue, $8,000

Cash is an asset account. It increases as the debit balance increases.

So a reciept of $8,000 from the shares owned will result in a cash increase. Therefore cash is debited $8,000

Dividend revenue is a revenue account that increases as positive balance increases.

When the share dividend is recieved revenue increases.

Therefore we will credited Dividend revenue by $8,000 to recognise the increase in revenue

4 0

3 years ago

3–1. Liability to Business Invitees. Kim went to Ling’s Market to pick up a few items for dinner. It was a stormy day, and the w

Natalija [7]

Answer: yes

Explanation: although the manager was aware of the weather condition, his negligence hampered him from posting a sign to caution incoming customers. This negligence had incurred a damage to his account and he is liable to compensate Kim for negligence

8 0

3 years ago

Lenny works for Mechanical Engineers, P.A. While working on a Mechanical Engineers project, Lenny is injured. Under state worker

KengaRu [80]

Answer: accidental.

Explanation: under the state workers compensation laws, Lenny would be compensated only if his injury was accidental. The law aims to protects employers from dooming civil claims and enables both casual and full-time employees to claim compensation directly from the Fund for work-related injuries and disability.

Furthermore, state compensation laws are put in place in every state to protect employees against loss of income and for medical payments because of work-related injuries, accidents, illness, or disease.

3 0

3 years ago

You believe that the Non-Stick Gum Factory will pay a dividend of $2 on its common stock next year. Thereafter, you expect divid

yuradex [85]

Answer:

$16.67

Explanation:

Data provided in the question;

Dividend to be paid next year, D1 = $2

Expected growth rate of dividend, g = 4% = 0.04

Required rate of return on the investment = 16% = 0.16

Now,

Price to be paid for the stock = $\frac{D1}{\textup{(r-g)}}$

or

Price to be paid for the stock = $\frac{\$2}{\textup{(0.16-0.04)}}$

or

Price to be paid for the stock = $16.67

8 0

3 years ago

George Kyparisis makes bowling balls in his Miami plant. With recent increases in his costs, he has a newfound interest in effi

Leno4ka [110]

Answer:

Last Year Now

Units Produced 1,200 1,200

Labor (hours) 300 250

Resin (pounds) 50 46

Capital Invested ($) 9,000 11,000

Energy (BTU) 2,950 2,850

last year's labor productivity = 1,200 / 300 = 4 units per labor hour

current year's labor productivity = 1,200 / 250 = 4.8 units per labor hour

productivity increased by (4.8 - 4) / 4 = 20%

last year's materials productivity = 1,200 / 50 = 24 units per pound of resin

current year's materials productivity = 1,200 / 46 = 26.09 units per pound of resin

productivity increased by (26.09 - 24) / 24 = 8.7%

last year's capital productivity = 1,200 / 9,000 = 0.1333 units per $ invested

current year's capital productivity = 1,200 / 11,000 = 0.1091 units per $ invested

productivity decreased by (0.1091 - 0.1333) / 0.1333 = -18.18%

last year's energy productivity = 1,200 / 2,950 = 0.4068 units per BTU

current year's energy productivity = 1,200 / 2,850 = 0.4211 units per BTU

productivity increased by (0.4211 - 0.4068) / 0.4068 = 3.52%

8 0

3 years ago