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
stepladder [879]
3 years ago
12

The following data were taken from the balance sheet accounts of Masefield Corporation on December 31, 2019.

Business
1 answer:
viktelen [127]3 years ago
7 0

Answer:

Please see below

Explanation:

a. A 5% stock dividend is declared and distributed when the market per share was $39.

Common stock par value($10) 500,000

Retained earning = 50,000 × 5% × 39

= $97,500

Common stock dividend distributed

50,000 × 5% × $10

= $25,000

See attached further explanations.

You might be interested in
Complete this analogy: The computer is to hardware as a productivity program is to _____.
nikitadnepr [17]

Answer:

3. Software

Explanation:

7 0
3 years ago
Manufacturing overhead was applied to production at 60 percent of the direct labor cost of $10,000. The entry under perpetual in
tamaranim1 [39]

Answer:

Dr Work in Process Inventory for $6,000

Cr Manufacturing $6,000

Explanation:

Preparation of The journal entry under perpetual inventory procedure

Based on the information given if the Manufacturing overhead was applied to production at 60% of the direct labor cost of the amount of $10,000 which means that The journal entry under perpetual inventory procedure is :

Dr. Work in Process Inventory for $6,000

Cr Manufacturing $6,000

(60%*$10,000)

4 0
3 years ago
When a company has high operating leverage: Select one: A. It has low fixed costs. B. It borrows to cover most costs. C. It has
docker41 [41]

Answer:

C. It has high fixed costs relative to variable costs is the correct answer.

Explanation:

4 0
3 years ago
The large, heterogeneous market from which specific submarkets (market segments) are drawn is called the aggregate market.
Marysya12 [62]

Answer:

False

Explanation:

The large heterogeneous market is a market structure where diverse commodities and services are available to the customers. Overall, large heterogeneous markets are known as 'Mass markets' or ' Total product market'. This market satisfies customer needs due to mass production of distinctive goods. In the large heterogeneous market, customers have different perspectives, wants, choices and nature etc.

8 0
3 years ago
A decrease in investment spending at each price level will shift the aggregate ______.
salantis [7]

Answer:

A decrease in investment spending at each price level will shift the aggregate demand curve to the left

8 0
2 years ago
Other questions:
  • After graduation, you face a choice. you can work for a multinational consulting firm and earn a starting salary (benefits inclu
    11·1 answer
  • When you're evaluating the risk of starting a new business, which risk is likely to be worth it? Question 17 options: Losing you
    13·1 answer
  • Billy’s Exterminators, Inc., has sales of $592,000, costs of $284,000, depreciation expense of $36,000, interest expense of $28,
    8·1 answer
  • Why are junk bonds more popular during a bear market
    10·1 answer
  • Metallica Bearings, Inc., is a young start-up company. No dividends will be paid on the stock over the next nine years, because
    6·2 answers
  • Is it possible for a country to have a comparative advantage in producing a good without also having an absolute​ advantage? A c
    15·1 answer
  • A good system of internal controls requires that the physical custody of assets be separated from the accounting for those asset
    8·1 answer
  • Hypothetical Country has $120 in currency, $280 in reserves, and $900 in deposits. There are no excess reserves. Use this inform
    10·1 answer
  • The subject is a 15 year old duplex that would cost $240,000 to build new today. It is in good condition and you estimate the ef
    10·1 answer
  • Many of the skills required of a graphic designer can be learned.<br><br> True<br> False
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!