Answer:
<u>December 31, 2018</u>
Debit : Dividend $40,000
Credit : Shareholders for dividends $40,000
Explanation:
When dividends are declared, we Debit an Equity Element - Dividend and Credit the Liability - Shareholders for dividends.
Calculation of this dividend is made on the stockholders in existence at the on a stated date (January 15 in this case) and at par value ($2) as follows :
Dividend = 100,000 x $2.00 x $0.20 = $40,000
Answer:
A) Hunting license fees
B) License plate fees
D) Marriage license fees
Explanation:
A miscellaneous tax is any tax levied other than incomes taxes or transfer taxes (e.g. excise taxes including sales and gasoline taxes, real estate transfer taxes, estate taxes, gift taxes). Transfer taxes are paid when the ownership of a property (including goods and services) is transferred from one person to another.
Sales taxes and gasoline taxes are both excise taxes, therefore they fall under the category of transfer taxes.
Inheritance taxes are called estate taxes, which also fall under the category of transfer taxes.
Cost-plus pricing<span>, also known as mark-up </span>price<span>, takes place when a firm calculates its unit costs and then adds a percentage profit to determine </span>price<span>.</span>
Answer:
The units started and completed is 59,900 tons
Explanation:
The computation of the number of tons started and completed during October is shown below:
Units Completed = Beginning Work in Process Units Completed + Units started and Completed
74,900 units = 15,000 tons + Units started and Completed
So, the units started and completed is
= 74,900 tons - 15,000 tons
= 59,900 tons
Hence, the units started and completed is 59,900 tons
Lots of ways pick a subject and try hard.
