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lord [1]
3 years ago
15

(Cash dividends) Marshall Pottery Barn is a privately owned importer of Mexican pottery and garden supplies. The firm plans on p

aying a $1.43 per share dividend on each of its 6,000 shares of common stock. The firm's most recent balance sheet just before payment of the dividend looks like the following:
A. What would happen to the firm's balance sheet after payment of the cash dividend?
B. If the above balance sheet also represented market values (as well as book values), how would it change following the payment of the cash dividend?
A. What would happen to the firm's balance sheet after payment of the cash dividend? The accounting entry would be:
(Select from the drop-down menus and round to the nearest dollar.)
Cash 18,000
Accounts receivable 22,500
Inventories 30,700
Accounts payable 71,200
Notes payable 5,000
Current liabilities 129.800
Current assets 201,000
Long-term debt 22,200
Fixed assets 4,900
Equity 27,100
Total assets 139,900
Total 201,000
Business
1 answer:
zhannawk [14.2K]3 years ago
3 0

Answer:

A.The impact on the balance sheet after the payment of the dividends is a reduction in current asset-cash by $8580 as well as a drop in equity-specifically retained earnings by the same amount.

B.Total assets (book and market values) will decrease by $8580 and equity and liabilities on the other hand will also reduce by $8580.

A.The accounting entries in respect of the dividend payment will be :

Debit Retained earnings $8580

Credit Cash                                       $8580

Explanation:

The dividends of $1.43 gives $8580 in total i.e $1.43*6000 shares

The impact of the dividend payment will be in terms of reduction in cash available for daily operations and reduction in funds attributable to shareholders.

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Internal failure costs are costs incurred​ ________. A. after the company delivers poorminusquality goods or services to custome
Grace [21]

Answer:

c. when the company corrects poorminusquality goods or services before delivery to customers.

Explanation:

Internal failure costs are costs incurred when the company corrects <u>poorminusquality goods or services before delivery to customers.</u>

5 0
2 years ago
Bao has been notified by his electric company that his rates are going up on his graduated fee schedule. He currently pays?
Salsk061 [2.6K]

Bao has been notified by his electric company that his rates are going up on his graduate fee schedule. he currently pays $81.

Baozi (Chinese: 包子), or bao, is a form of yeast-leavened crammed bun in diverse Chinese cuisines. there are numerous variations in fillings (meat or vegetarian) and arrangements, even though the buns are most usually steamed. they're a version of mantou from Northern China. Baozi.

The Bao ('bun') developed in Chinese language subculture as a filled form of 'Mantou,' a plain steamed dumpling that is frequently compared to bread. The story in the back of this steamed pride explains not just its particular form, but purchase why its improvement into Baos (or ) was the sort of herbal one.

Bánh bao (literally "dumplings") is a Vietnamese bun primarily based on the Cantonese da bar added to Vietnam through Cantonese immigrants. it is a ball-formed bun containing red meat or fowl meat, onions, eggs, mushrooms, and greens, in Vietnamese delicacies.

Learn more about bao here:

brainly.com/question/1632995

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5 0
2 years ago
Nce managers of The Grecian Urn have decided on their product concept and marketing strategy, they can evaluate the business att
Nataliya [291]

Answer:

2. feasibility study

Explanation:

A feasibility study is done to analyse whether for example a school should or not expand the building open new sections and so on. the study also evaluates for labor and work in progress. It is an analysis of a proposed project to determine whether it is feasible and should go further. Feasibility is further divided into different categories such as economical , technical, operational etc. It aims to check the competitiveness of the business in the market and check its economic growth.

6 0
3 years ago
Eastline Corporation had 11,000 shares of $10 par value common stock outstanding when the board of directors declared a stock di
andrey2020 [161]

Answer:

e. Debit Retained earning $49,280 Credit Common stock dividend distributable $35,200

Credit Paid in capital in excess of par value(Common stock) $14,080

Explanation:

The journal entry is as follows:

Retained earnings (3,520 shares × $14)

Dr $49,280

_______ Common stock dividend distributable (3,520 shares × $10)

Cr $35,200

_______ Paid in capital in excess of par value ($49,280 - $35,200)

Cr $14,080

3 0
2 years ago
Debbie promises to sell Brian a one of a kind baseball card for $1,000. Brian says that he does not have the money right now, bu
const2013 [10]

Answer:

d. Yes, the offeror must be a merchant, pursuant to the UCC definition of merchant.

Explanation:

The Uniform Commercial Code (UCC) establishes that firm offers can only be made by merchants. They also apply only to the sale of goods, but the baseball card is a type of good.

The problem is that Debbie is not probably a merchant. In order for her to be considered a merchant, she would need to be in the business of buying and selling baseball cards on a regular basis.

3 0
3 years ago
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