1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
strojnjashka [21]
4 years ago
11

The board of directors of Capstone Inc. declared a $0.80 per share cash dividend on its $1 par common stock. On the date of decl

aration, there were 50,000 shares authorized, 18,000 shares issued, and 6,000 shares held as treasury stock. What is the entry when the dividends are declared
Business
1 answer:
erik [133]4 years ago
6 0

Answer: Please see below for answer

Explanation: To calculate dividends, we use the formulae

Dividend =(Number of shares issued -treasury stock held) x Dividend per share =

where number of shares issued = $18,000

treasury stock held = 6000 shares

Imputing the values in formulae becomes

($18,000 - $6000) x 0.80 = 12,000 x 0.80 = $9,600

Journal entry to record declaration of dividends of Capstone Inc.

   Account                                              Debit             Credit

Dividend                                               $9,600

Dividend payable                                                       $9,600

You might be interested in
Company X's current assets increased by $40 million from 2007 to 2008, while the company's current liabilities increased by $25
Virty [35]

Answer:

b. An increase of $15 million

Explanation:

The computation of the cash impact of the change in working capital is shown below:

As we know that

Working capital = Current assets - current liabilities

So, the change in working capital is

= Increase in current assets  - increased in current liabilities

= $40 million - $25 million

= $15 million

Hence, the b option is correct

7 0
3 years ago
Who advanced both preservation and managing resources sustainably to found the discipline of wildland management used in the Uni
Mariulka [41]

Answer:

Aldo Leopold

Explanation:

Aldo Leopold (1887 - 1948) was a founder of wildlife management. He taught at the University of Wisconsin and is famous for his book <u>A Sand County Almanac</u>, 1949, which sold over 2 million copies.

His work focused on the development of environmental ethics and wilderness conservation.

4 0
4 years ago
Mi familia y yo fuimo al cine y noscoperamo papra la entrada que fue $245 si mi hermana dio 1/5 del total mientras yo di 4/10 y
Blizzard [7]

Answer: (55 x 30) + 245 = 1895

Explanation:

translation from spanish to english: My family and I went to the movies and we collected for the entrance that was $ 245 if my sister gave 1/5 of the total while I gave 4/10 and my father gave the rest how much money each one contributed.

Spanish:

la parte superior es la respuesta, espero que esté bien.

english:

the top is the answer, hope it was right.

7 0
3 years ago
Choose the term that best matches the description given.
Maksim231197 [3]
Specific Goals are goals that are specific, and example would be “I want to go to the beach and meditiate” so you would make it specific by saying in detail how you would get there like “sub” goals. Realistic Goals is when you have a goal that can be achieved. I’m not sure what a planning goal is.
4 0
3 years ago
Cassie's Quilts​ alters, reconstructs, and restores heirloom quilts. Cassie has just spent​ $800 purchasing,​ cleaning, and reco
eduard

Answer:

The marginal cost is $200 that she needs to complete the task.

Explanation:

Giving the following information:

Cassie has just spent​ $800 purchasing,​ cleaning, and reconstructing an antique quilt which she expects to sell for​ $1,500 once she is finished. After having spent​ $800, Cassie discovers that she would need some special period fabric that would cost her​ $200 in material and time to complete the task. ​ Alternatively, she can sell the quilt​ "as is" now for​ $900.

The $800 is a sunk cost. Now we need to determine the marginal cost. The marginal cost is $200 that she needs to complete the task.

6 0
4 years ago
Other questions:
  • Based on the concept of service blueprinting, what is the "line of visibility?" select one:
    14·1 answer
  • Which type of ICS facility is used to temporarily position and account for personnel, supplies, and equipment awaiting assignmen
    7·1 answer
  • Barb works in a local factory. She receives 92 cents for each of the first 100 units she produces and $1.01 for each unit over 1
    5·1 answer
  • What is Flex tape?????
    10·2 answers
  • award a scholarship of $30,000 each year. The family wants the yearly awards to continue indefinitely. Assume that the fund will
    15·1 answer
  • Over the course of 40 years, Sal grew his company to six package shipping stores. With his retirement approaching and the increa
    6·2 answers
  • K-Too Everwear corporation can manufacture mountain climbing shoes for $35.85 per pair in variable raw material costs and $26.45
    14·1 answer
  • During a severe recession Congress passes legislation to cut taxes, this would be an example of a(n): g
    15·1 answer
  • Please help it id urgent!
    13·1 answer
  • Lee Ray bought 250 shares of a mutual fund with a NAV of $13.85. This fund also has a load charge of 7%.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!