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Sergio039 [100]
3 years ago
8

The declaration, record, and payment dates in connection with a cash dividend of $375,000 on a corporation’s common stock are Oc

tober 1, November 7, and December 15. Journalize the entries required on each date. If no entry is required, choose "No Entry Required" and leave the amount boxes blank. If an amount box does not require an entry, leave it blank.
Business
1 answer:
Natali5045456 [20]3 years ago
4 0

Answer and Explanation:

The Journal entry is shown below:-

October 1

Cash Dividends Dr, $335,000

         To Cash Dividends Payable $335,000

(Being a cash dividend is recorded)

November 7

No Journal entry is required

December 15

Cash Dividends Payable Dr, $335000

           To Cash  $335,000

(Being a cash dividend is recorded)

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The optimal reorder point of Sweet Cream Dairy is 27.71 or 28 (rounded off)  and Safety stock is 15. 91  or 16 gallons (rounded off)

Explanation:

the reorder point is to multiply the average daily usage rate for an inventory item by the lead time in days to replenish it.

The safety stock formula with standard deviation is more complicated but also more accurate.

Safety stock = desired service level × standard deviation of lead time × demand average

Safety stock = ( 93÷100) ×  2.9 × 5.9 =  15. 91  or 16 gallons (rounded off)  

Safety stock = ( 93÷100) ×  2.9 × 5.9 =  15. 91  or 16 gallons (rounded off)

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= (5.9 x 2) + 15. 91 = 11.8 + 15.91 = 27.71 or 28 (rounded off)

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Imari brown is attending community college. she has 1000 of educational expenses. she claims herself on her tax return. she is t
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Since companies do not know precisely how much demand will be placed on their computing resources in the​ future, an attractive
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A company had net income of $200,000 and paid dividends to common stockholders of $50,000 in 2022. The weighted average number o
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