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uranmaximum [27]
3 years ago
11

DuBois, Inc. announces a large stock dividend of 65% of the 4.96 million outstanding shares of common stock. The current price p

er share is $13.85. Par value of the stock is $0.01 per share. What effect does this dividend have on retained earnings?
A. $49,600 decrease
B. $32,240 decrease
C. $44,652,000 decrease
D. $11,591,288 decrease
E. None of the above
Business
1 answer:
Karolina [17]3 years ago
6 0

Answer:

Option (B) is correct.

Explanation:

Dividend per share:

= (65% of Par value of the stock)

= (65% × 0.01)

= $0.0065

Hence, the total dividend:

= (Dividend per share × outstanding shares of common stock)

= (0.0065 × 4.96 million)

= $32,240

Hence, the dividend would cause a decrease in retained earnings.

Therefore, the correct option is B.

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All functions and departments in the enterprise have tasks that they need to complete to produce outputs or ________ in order to
VMariaS [17]

Answer: 1. Deliverables

2. Objectives

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An objective in this context is a goal that an enterprise aspires towards achieving.

In every enterprise each section is tasked with producing outputs within each department, and deliver to customers. The intention is to of achieve the overall objectives set by the enterprise. Functions are designed to operate cohesively, with the aim of achieving these 2 aspects and ensuring that the enterprise runs smoothly and generates the best possible outcome.

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3 years ago
Blank describes the practice of products and services traded between countries around the world.
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Global Trade

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3 years ago
Read 2 more answers
On November 1, Bahama National Bank lends $3.8 million and accepts a six-month, 6% note receivable. Interest is due at maturity.
babymother [125]

Answer and Explanation:

The journal entries are shown below:

a. Note receivable Dr $3,800,000

        To Cash $3,800,000

(Being the acceptance of the note is recorded)

For recording this we debited the note receivable as it increased the assets and credited the cash as it decreased the liabilities

b. Interest receivable Dr  $38,000

                 To Interest revenue  $38,000

(Being the interest revenue is recorded)

For recording this we debited the interest receivable as it increased the assets and credited the interest revenue as it increased the revenue

The computation is shown below:

= $3,800,000 × 6% × 2 months ÷ 12 months

= $38,000

,

7 0
3 years ago
if the discount (or interest) rate is positive, the future value of an expected series of payments will always exceed the presen
AlekseyPX

if the discount (or interest) rate is positive, the future value of an expected series of payments will always exceed the present value of the same series

True

What is a discount(or interest) rate?

An interest rate is the rate of return the present value of the series can over as an interest over the investment time horizon.

On the premise that the interest rate is positive, it means that there would positive value-added over the investment period which increases the present value to ensure that the future value exceeds the present value

In other words, a positive discount or interest ensures a higher future value

Find out more about future value on:brainly.com/question/24703884

#SPJ1

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Citrus2011 [14]

The important consideration for this company is that they should think or have at least the idea of the patents, trade secrets and copyrights are being treated differently by the countries in which is one way of helping them of how they should struggle or do their way of doing things.

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