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3 years ago

Brown Company paid $40 in cash dividends.

Business

1 answer:

Mice21 [21]3 years ago

7 0

Answer:

Debited, left and credited, right

Explanation:

The journal entry is shown below:

Dividend A/c Dr $40

To Cash A/c $40

(Being dividend is paid in cash)

As we see that cash is paid that means cash would be credited and it is shown on the right hand side of the T account whereas the dividend is debited that is shown in the left hand side of the T account

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Given the following cash flows for a capital project, calculate its payback period and discounted payback period. The required r

PIT_PIT [208]

Answer:

Ans. c) Discounted period is 1.01 years longer than payback period.

Explanation:

Hi, the payback period is the time that takes for the initial invesment to return to the investor (regardless of the time value of money), so we add the cash flow for every period until the result is zero.

The discounted payback period is almost the same, here we do take into account the time value of money. let´s check out the math to this.

Payback period

Period Cash Flow Adding cash flows Coefficient Payback

0 -$50,000.00 -$50,000.00 3

1 $15,000.00 -$35,000.00 1

2 $15,000.00 -$20,000.00 1

3 $20,000.00 $- 1

4 $10,000.00

5 $5,000.00

Payback period = 3

Discount rate 8%

Period Cash Flow Present Value Adding Cash Coefficient

0 -$50,000.00 -$50,000.00 -$50,000.00

1 $15,000.00 $13,888.88 -$36,111.11 1

2 $15,000.00 $12,860.08 -$23,251.03 1

3 $20,000.00 $15,876.64 -$7,374.38 1

4 $10,000.00 $7,350.29 -$24.09 1

5 $5,000.00 $3,402.91 0.01

Discounted payback period = 4.01

The only thing here that needs some further explanation is the 0.01, this is by doing the following calculation.

$Coefficient=\frac{24.09}{3402.91} =0.01$

This is the fraction of the year that will turn those $24.09 in zero (taking into account the cash flow of period 5 which is 3402.91)

So, discounted payback period - Payback period= 4.01 - 3 = 1.01

Best of luck.

4 0

3 years ago

Which best describes the difference between economic and social policies?

Alex17521 [72]

Answer:

4. Economic policies manage taxes, while social policies provide public assistance.

Explanation:

Social policy:

The services like social service ,wale fare states are the social policies .These policy are usually within a political setting or governmental setting.

Economic policy:

These are the policies which sets levels of government budget, interest rates, money management and national ownership.Like collection of taxes.

So the option 4 is correct.

4. Economic policies manage taxes, while social policies provide public assistance.

5 0

3 years ago

Read 2 more answers

What did the Supreme Court decide about the use of prayers to open government meetings in 2014?

harkovskaia [24]

Answer:

The Supreme Court decided that the use of prayers to open government meetings in 2014 is constitutional and that such meetings can hold, even if it clearly favors one faith, provided that there is no attempt to harass, intimidate, or coerce other religion believers.

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3 years ago

You are headed off to college. Some close family members decide it would be a good idea to buy a house in the college town and t

jek_recluse [69]

The ideal type of business would be the sole proprietorship, as it is a structure that is easy to start and manage.

<h3 /><h3>What is the sole proprietorship?</h3>

It is a simpler business structure, which is managed by an individual, who has the responsibilities for the business, that is, in this configuration there is no legal distinction between the company and the owner.

Therefore, the sole proprietorship is less bureaucratic, being able to close the business at any time, or change type as the business grows and requires greater responsibility.

Find out more about sole proprietorship here:

brainly.com/question/4442710

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3 years ago

Here are selected data for sally day corporation: beginning raw materials inventory $37,000 beginning work in process inventor

DIA [1.3K]

<span>Take the required information from the question, Beginning work in process inventory 61,500 Cost of direct materials requisitioned 91,300 Direct labor incurred 125,000 Cost of goods manufactured 287,000 Cost of goods sold 265,000 Manufacturing overhead rate 125% Calculating the total labor that is incurred = 125000 x (125/100) = 125000 x 1.25 = 156,250 Process inventory balance at the end = add all the used inventory costs and subtracting the cost of manufactured costs = $156,250 + 125,000 + 61,500 + 91,300 - 287,000 = $147,050</span>

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3 years ago