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
blagie [28]
3 years ago
6

A company with 110,000 authorized shares of $8 par common stock issued 49,000 shares at $13. Subsequently, the company declared

a 2% stock dividend on a date when the market price was $30 per share. What is the amount transferred from the retained earnings account to paid-in capital accounts as a result of the stock dividend?
Business
1 answer:
Jet001 [13]3 years ago
8 0

Answer:

$29,400

Explanation:

The company will distribute dividends only to outstanding shares, since the number of outstanding shares is not specified, we should assume that all the 49,000 shares issued are outstanding shares. The company declared a 2% dividend, so we must multiply the current value of the stock times 2% = $30 x 2% = $0.60 per share.

The total amount distributed was 49,000 outstanding shares x $0.60 per share = $29,400

You might be interested in
NetonBe makes sweaters, which traditionally involved the following steps: dyeing (i.e., into six different colors), knitting of
ArbitrLikvidat [17]

Answer:

NetonBe

The standard deviation in demand for each of these three generic sweaters is:

a) Approximately 600

Explanation:

a) Data and Calculations:

Different sweater color & size combinations in the end = 18

Normally distributed demand mean of size = 1,000

Total demand of sizes = 18,000

Standard deviation of each size = 100

Standard deviation = 10% of mean (100/1,000 * 100)

Standard deviation for the total sizes = 1,800 (18,000 * 10%)

Average demand of new three sizes = 6,000

Total demand for the three new sizes = 18,000 (6,000 * 3)

Therefore, the standard deviation in demand for each of these three generic sweaters will be = 600 (6,000 * 10%)

5 0
2 years ago
These were kane's only temporary differences. in kane's 2021 income statement, the deferred portion of its provision for income
fomenos

These were Kane's best brief variations. in Kane's 2021 income statement, the deferred portion of its provision for earnings taxes must be $a hundred thirty-five,600.

An income tax is an instantaneous tax that a central authority levy on the income of its residents. The earnings Tax Act, 1961, mandates that the significant government acquire this tax. The authorities can change the income slabs and tax charges every year in its Union finances. income does now not best imply cash earned in the form of earnings.

Any Indian citizen elderly beneath 60 years is prone to pay earnings tax if their earnings exceed 2.5 lakhs. If the person is above 60 years of age and earns greater than Rs. three lakhs, they'll pay taxes to the authorities of India.

Income taxes are a source of revenue for governments. they're used to fund public services, pay authorities' responsibilities, and provide goods for residents.

Learn more about Income taxes here:

brainly.com/question/26316390

#SPJ4

5 0
1 year ago
Parole violators account for more than half of prison admissions in many states.
Evgen [1.6K]

This is true Parole violators account for more than half of prison admissions in many states Parole is a popular sentencing option.

8 0
3 years ago
How do you apply force field analysis and brainstorming techniques to a complex business
cluponka [151]

Brainstorming is a technique for the decision making, it encourages arguments between the individuals but this sometimes result in conflicts and disagreements.

<h3 /><h3>What is decision making?</h3>

Decision making is the technique in which the decision is decided, according to the situation and after careful analysis of the environment decision is made.

Force Field technique is a decision making technique, in this technique the participants write the decision in the middle of the paper and list the forces that require and resisting changes.

Decision making techniques are important and should be used to make an effective decision, in a complex business it is difficult to apply the technique but it is also important to implement the technique.

Brainstorming is the technique in which all the participants sit together and share their ideas while some challenge the ideas and so a decision with an agreement is made.

Learn more about Decision making at brainly.com/question/27272241

#SPJ1

6 0
1 year ago
____________the market school aruges that forward exchange rates do the best possible job for forecasting future spot exchange r
rjkz [21]

Answer:

Efficient market school.

Explanation:

Efficient market school is the market school which argues that forward exchange rates do the best possible job for forecasting future spot exchange rates, so investing in exchange rate forecasting services would be a waste of time because it is impossible to have a consistent alpha generation on a risk adjusted excess returns basis as market prices are only affected by new informations.

The efficient market school also known as the efficient market hypothesis (EMH) is a hypothesis that states that asset (share) prices reflect all information and it is very much impossible to consistently beat the market.

Also, forward exchange rates are exchange rates controlling foreign exchange transactions at a specific future date or time.

<em>Hence, according to the efficient market school it would be a waste of time investing in exchange rate forecasting services because all the information about an asset or security is already factored into their prices and as a result of the randomness of the market. </em>

8 0
3 years ago
Other questions:
  • you have 1500 parts in inventory at the beginning of your shift, your total parts for the day need to be 2300. How many more par
    15·1 answer
  • How many european union countries use the euro as their official currency?
    6·1 answer
  • The following information pertained to Azur Co. for the year: Price of goods purchased $102,800 Price discounts 10,280 Freight-i
    11·1 answer
  • Giampanini Fashions hopes to gain a foothold in the Indian designer market. To achieve this objective, they convince ex-super mo
    8·1 answer
  • In the old south, hovland and sears found that as the economy grew worse, the number of lynchings of black men increased. this i
    9·1 answer
  • You have been placed in charge of a large project. Shortened communication lines are required to ensure quick resolution of prob
    10·1 answer
  • The balance of the revenue account is transferred to the
    6·1 answer
  • Which rule requires that contracts that would normally fall under the statute of frauds and need writing if negotiated by the pr
    10·1 answer
  • To encourage employee ownership of the company's common shares, KL Corp. permits any of its employees to buy shares directly fro
    9·1 answer
  • In a mixed-market economy, the government plays a role and can affect the circular flow of income. Governments participate in th
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!