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
STatiana [176]
4 years ago
8

Cash dividends of $45,000 were declared during the year. Cash dividends payable were $10,000 at the beginning of the year and $1

5,000 at the end of the year. The amount of cash for the payment of dividends during the year isA. $50,000B. $40,000C. $55,000 D. $35,000
Business
1 answer:
gogolik [260]4 years ago
4 0

Answer:

The amount of cash for the payment of dividends during the year is B. $40,000

Explanation:

To Determine the amount of cash for the payment of dividends during the year, we open a Dividends Payable T - Account and find the amount via <em>missing figure approach</em> as follows:

Debits :

Cash (<em>Balancing figure</em>)                          $40,000

Ending of year Dividends Payable          $15,000

Totals                                                        $55,000

Credits :

Beginning of year Dividends Payable    $10,000

Dividends declared during the year      $45,000

Totals                                                        $55,000

You might be interested in
You want to invest $18,000 and are looking for safe investment options. Your bank is offering you a certificate of deposit that
insens350 [35]

Answer:

The correct solution is "6.09%".

Explanation:

Given:

Nominal rate,

= 6%

or,

= 0.06

As we know,

⇒ EAR = [(1+\frac{APR}{m} )^m]-1

By substituting the values, we get

             =[(1+\frac{0.06}{2} )^2]-1  

             =[(1+0.03 )^2]-1

             =1.0609-1

             =6.09 (%)  

3 0
3 years ago
Which of the following are sources of​ income-based payments that domestic residents make to​ foreigners? ​(Check all that apply
alina1380 [7]

Answer:

options (b),(c) and (e).

Explanation:

Okay let us take the options one after the other;

(a). People in Oregon send money to help cyclone victims in Bangladesh: this is WRONG because the question asked us to identify an INCOME-BASED payment and it is not.

(b). A resident of Maryland buys a car produced by Toyota in Japan: this is CORRECT. The person making the payment is a US resident making payment to a Japanese firm.

(c). Apple corporation pays a stock dividend to a resident of India: This is also CORRECT because Apple is a US based company making payment to Indian(a foreigner).

(d). A foreign exchange student from Paris comma France comma sends wine and cheese to her host family in Columbus comma Ohio : this WRONG because the student is also a foreigner.

(e). Orange Telecom comma a French company comma pays a stock dividend to a resident of Kansas City: this is CORRECT. Orange Telecom is a France company paying income to a foreigner (a U.S resident).

4 0
3 years ago
Mariposa Corporation is considering purchasing equipment for $200,000. Mariposa expects this equipment will last for 20 years an
Westkost [7]

Answer:

$24,220

Explanation:

After tax cashflow formula as follows;

AT cashflow = Income before taxes(1- tax) + annual depreciation amount

Depreciation amount is added back because even though it is an expense deducted to arrive at the income before tax, it is not an actual cash outflow.

Annual depreciation amount = $200,000/ 20 = $10,000

AT cashflow = 18,000*(1-0.21) + 10,000

= 14,220 + 10,000

= 24,220

Therefore, Mariposa’s expected cash flow after taxes per year is $24,220

6 0
3 years ago
A process cost system would be used for all of the following products except computer chips. motion pictures. chemicals. soft dr
denpristay [2]

One thing that a process cost system cannot be used for from the given options is Motion pictures.

<h3>What is process costing?</h3>

This is a method of allocating cost that is based on the same item being mass-produced such that there is no discernable difference between the goods that were produced.

Motion pictures cannot be mass produced which is why they cannot use process costing, Every motion picture is unique and so something more specific is needed to apportion their cost.

Find out more on process costing at brainly.com/question/17129908

#SPJ1

5 0
2 years ago
How can you improve your credit score?
BARSIC [14]

Answer:

Explanation:

According to Forbes, some ways to raise a credit score quickly include raising credit limits, keeping accounts open and paying bills on time

HAVE A GREAT DAY!

6 0
2 years ago
Other questions:
  • Inventory turnover is calculated as _____. a) cost of merchandise sold divided by inventory b) cost of merchandise sold divided
    11·1 answer
  • Three institutions that deal with human rights violations
    6·1 answer
  • _________ memos state policies or procedures the writer wishes the reader to follow.
    9·1 answer
  • 19. Regarding alternate backup sites, which of the following is a low-cost site?
    5·1 answer
  • In his work with companies, henry gantt found that workers achieved their best performance levels if they were trained first. tr
    14·1 answer
  • The CEO of your company asks you to hire her nephew, Dave, who has been struggling to find a job. This is _________ because Dave
    7·1 answer
  • What do you call a bar of soap that doesn't clean worksheet answer key?
    7·1 answer
  • In which of the following cases is it most likely that an increase in the size of a tax will decrease tax revenue? Answers: A) T
    15·1 answer
  • The main purpose of most tariffs and quotas is to
    7·1 answer
  • A building's owner pays a property manager in 81/2% commission based on the units annualized rent for each new tenant last year
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!