Answer:
a. $61,500
Explanation:
Calculation for the amount of cash paid for
dividends
Using this formula
Dividend amount=Cash dividends payable at the beginning of the year +Dividend declared during the period - Cash dividends payable at the end of the year
Let plug in the formula
Dividend amount =$30,250+$68,750-$37,500
Dividend amount =$61,500
Therefore the amount of cash paid for
dividends will be $61,500
Answer:
12 months
2020 $22,400
2021 $22,400
24 months
2020 $22,400
2021 $44,800
Explanation:
Calculation to Determine the income to be recognized in taxable income in 2020 and 2021.
Length of Contract
12 months
2020 Income=$44,800 * 6/12=$22,400
2021 Income=$44,800 * 6/12=$22,400
24 months
2020 Income=$89,600 *6/24=$22,400
2021 Income =$89,600 *12/24=$44,800
Therefore the income to be recognized in taxable income in 2020 and 2021 will be:
12 months
2020 $22,400
2021 $22,400
24 months
2020 $22,400
2021 $44,800
Natural monopolies <span>benefit from large economies of scale, in which the costs of goods decrease as output increases.
</span>A natural monopoly<span> is a distinct type of </span>monopoly<span> that may arise when there are extremely high fixed costs of distribution, such as exist when large-scale infrastructure is required to ensure supply.</span>
The answer is inventory account and Cost of goods sold account(COGS) respective to the order of the blanks.
Goods not yet sold means the stock we still have in our inventory. Therefore, the costs related to them will be shown in the inventory account as an asset. As we can recover the cost by selling the goods.
On the other hand, goods sold are included in the sales. Therefore, the costs related to these goods which are sold should be written off and adjusted with the sales account by recording them in the Cost of goods sold (COGS) account
Hence, The cost of goods not yet sold is recorded in the Inventory account, whereas the cost of goods that are sold to customers is recorded in the Cost of goods sold account.
Learn more about Cost of goods sold:
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