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Marta_Voda [28]
3 years ago
11

Fetzer Company declared a $0.55 per share cash dividend. The company has 200,000 shares authorized, 190,000 shares issued, and 8

,000 shares in treasury stock. The journal entry to record the payment of the dividend is: Multiple Choice Debit Retained Earnings $104,500; credit Common Dividends Payable $104,500. Debit Common Dividends Payable $104,500; credit Cash $104,500. Debit Retained Earnings $100,100; credit Common Dividends Payable $100,100. Debit Common Dividends Payable $100,100; credit Cash $100,100. Debit Retained Earnings $110,000; credit Common Dividends Payable $110,000. g
Business
1 answer:
Evgesh-ka [11]3 years ago
3 0

Answer:

Debit Retained Earnings $104,500; credit Common Dividends Payable $104,500.

Explanation:

Dividends Payable = 190,000 x $0.55 = $104,500

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Answer:

using pull money from the bank/business instead of using withdraw or get or take out

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3 0
3 years ago
Read 2 more answers
A furniture factory produced 1600 standard chairs in eight days. If the factory employed five workers, what was the labor produc
kari74 [83]

Answer:

A. 40

Explanation:

Calculation for what was the labor productivity, in chairs per worker per day

Using this formula

Labor productivity per day =Company Per day output/ Number of labor

Let plug in the formula

Labor productivity per day= 1600/8 days×5 workers

Labor productivity per day=1,600/40

Labor productivity per day= 40

Therefore the Labor productivity per day will be 40

8 0
3 years ago
A physical count of Ayayai Company’s inventory at year-end determined that inventory on hand had a value of $1,628,000. Upon fur
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Answer:

The amount that should be reported for inventory on Ayayai Company’s balance sheet at December 31, 2022 is $1,504,800

Explanation:

In order to calculate the amount that should be reported for inventory on Ayayai Company’s balance sheet at December 31, 2022 we would have to make the following calculation:

amount that should be reported for inventory on Ayayai Company’s balance sheet at December 31, 2022= Inventory as per physical count -inventory purchase-goods shipped-goods held on consignment

amount that should be reported for inventory on Ayayai Company’s balance sheet at December 31, 2022= $1,628,000-$51,900-$55,500$-$16,300

amount that should be reported for inventory on Ayayai Company’s balance sheet at December 31, 2022=$1,504,800

3 0
4 years ago
To help them estimate the company's cost of capital, Smithco has hired you as a consultant. You have been provided with the foll
Zarrin [17]

Answer:

Option (D) is correct.

Explanation:

Cost of common stock:

= (Expected dividend at the end of Year 1 ÷ Price of stock) + Growth rate.

= (1.45 ÷ 22.50) + 0.065

= 0.0644 + 0.065

= 0.1294 i.e., 12.94%

Conclusion:-

Cost of common stock = 12.94%

Note:-

D1 = Expected dividend at the end of Year 1,

P0 = Current price of common stock, and

gL = Growth level i.e., growth rate in dividend.

3 0
4 years ago
The head of an advertising agency predicts that the client's sales will double within six months after the new advertising campa
finlep [7]

Answer:

It is a prediction made from the results of some data that have been taken as the basis of an investigation.

Explanation:

A hypothesis is a conjecture or assumption made from a sample of data that serves as the basis for initiating an investigation, and its results yield what can be expected upon execution.

6 0
3 years ago
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