Answer:
Mapleleaf Industries
Journal Entry
Debit Cash Dividend $40,800
Credit Dividends Payable $40,800
To record the declaration of $0.85 per share cash dividend.
Explanation:
This journal entry shows the two accounts involved and how they are recorded when a cash dividend is declared (declaration date).
Calculation of cash dividends is based on 48,000 shares of common stock outstanding and not on the issued shares nor the authorized. Usually, dividends are only payable to shareholders of record, who appear on the register of the company as holders of the shares on the specified date (date of records).
So, the divided equals $40,800 (48,000 x $0.85).
Answers
a. Government bonds
Explanation:
Hungarian government is the issuer for these bonds and these are government bonds. The bond issuer is the borrower, while the bondholder or purchaser is the lender. At the maturity of the bond, bond issuers repay the bondholder the principal value.
Answer:
Constructive Conflict and Coordination
Explanation:
The Mary Parker Folett's Principle of Constructive Conflict and Coordination is a based on the belief that there are benefits in conflicts only when dealt with constructively. Conflict is described as the difference of interests and opinions and the appearance of same.
The Constructive Conflict Coordination principle advocates the school of thought that employees should be allowed to be self starters whose conflicting situations are treated constructively. Furthermore, management should basically serve as a tool for coordinating activities and actions rather than controlling and demanding adherence.
This traits allow the employees to willingly do their jobs and also develop a high level of confidence at thier jobs as well.
Monopoly output is _the same as (B) ______ the corresponding output for perfectly competitive industries
<h3>Similarity between a monopolistic market and perfectly competitive market </h3>
A monopolistic market is similar to a perfectly competitive market because both markets determine the prices and supply of goods and services in the market. although a perfectly competitive market consists of several firms no particular firm controls the market which makes the group of firms as act as a monopoly.
Hence the output of a monopoly is similar to the output of a perfectly competitive industries.
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Answer:
The income elasticity of demand for generic potato chips=-4.00
Explanation:
Elasticity of demand can be defined as a measure of how responsive the demand for a certain good is when the price of that good or service changes. The elasticity of demand is usually negative. A negative elasticity of demand implies that the demand of a good or service reduces with an increase in price. The elasticity of demand can be measured using different methods. The mid-point method will be used in this case. The mid-point method of calculating elasticity of demand is as shown;
E=%Q/%P
where;
E=elasticity of demand
%Q=percentage change in quantity demanded
%P=percentage change in the price
And;
%Q=[(Final quantity-Initial quantity)/{(Final quantity+Initial quantity)÷2}]×100
Final quantity=0
Initial quantity=2
replacing;
[(0-2)/{(0+2)÷2}]×100=(-2/1)×100=-200%
%P=[(Final price-Initial price)/{(Final price+initial price)÷2}]×100
%P=[(15-9)/{(15+9)÷2}]×100=(6/12)×100=50%
E=%Q/%P
replace for %Q and %P
E=-200%/50%
E=-4
The income elasticity of demand for generic potato chips=-4.00
