The corporation is required to record entry for cash dividend declaration. Only the common stock outstanding or the 14,800 shares are entitled to receive dividends. Thus, the journal entry to record the dividend declaration is as follows:
Debit: Retained Earnings $7,400.00
Credit: Dividends Payable $7,400.00
<em>To record cash dividend declaration</em>
Answer:
Each firm will produce 20 ÷ N units
Explanation:
Given that
Q = 160N − P
MR = 160N − 4Q
TC = 150 + Q2
MC = 4Q
The computation of the number of units that each firm produce is as follows:-
MR = MC
where
MR = 160N − 4Q
And MC = 4Q
Now we equate
So, the equation is
160 ÷ N - 4Q = 4Q
160 ÷ N = 8Q
Q = 160 ÷ 8N
Q = 20 ÷ N
So, each firm will produce 20 ÷ N units.
Answer:
Option (3) $1,245
Explanation:
Data provided in the question:
General ledger checking account balance = $1,360
Bank balance on bank statement = $1445
Deposits in transit = $150
Outstanding checks = $350
Bank statement service charges = $30
NSF checks = $85
Now,
The Correct cash balance will be
Bank balance on bank statement $1,445
Add : Back deposits in transit $150
Subtract : Outstanding checks $350
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Correct balance $1,245
Hence,
Option (3) $1,245
Answer:
the answer is "D" Although "A" seems to be the favored method
Answer:
c. Bruce owns Buster, a large dog who barks whenever anyone walks near his house. Betty lives next to Bruce, and Buster's barking can be heard whenever anyone walks near her house, too. Thus, Betty receives free protection from burglars because of Buster's barking
Explanation:
Free rider is a form of market inefficiency that occurs when people benefit from a good or service but do not pay or underpay for the product.
Betty is receiving free protection from Bruce's dog.
I hope my answer helps you
