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zzz [600]
3 years ago
11

Mapleleaf Industries declared a $0.85 per share cash dividend. The company has 130,000 shares authorized, 51,000 shares issued,

and 48,000 shares of common stock outstanding. What is the journal entry to record the dividend declaration
Business
2 answers:
PSYCHO15rus [73]3 years ago
8 0

Answer:

Debit Dividends and credit Dividends Payable for $40,800 was recorded in the journal entry as dividend declaration

Explanation:

Dividends are distribution (share or proportion) of profits paid to shareholders of a company from a company earnings. Dividends are not represented in the companies income statement. Dividends are only paid to outstanding shares.

Dividends = outstanding shares × cash dividend

Dividends = $0.85 per share cash dividend × 48,000 shares of common stock outstanding. = $40800

Therefore a Debit Dividends and credit Dividends Payable for $40,800 was recorded in the journal entry as dividend declaration

patriot [66]3 years ago
3 0

Answer:

Mapleleaf Industries

Journal Entry

Debit Cash Dividend $40,800

Credit Dividends Payable $40,800

To record the declaration of $0.85 per share cash dividend.

Explanation:

This journal entry shows the two accounts involved and how they are recorded when a cash dividend is declared (declaration date).

Calculation of cash dividends is based on 48,000 shares of common stock outstanding and not on the issued shares nor the authorized.  Usually, dividends are only payable to shareholders of record, who appear on the register of the company as holders of the shares on the specified date (date of records).

So, the divided equals $40,800 (48,000 x $0.85).

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The Wall Street Journal reports that the current rate on 5-year Treasury bonds is 2.20 percent and on 10-year Treasury bonds is
Elanso [62]

Answer:

E(5r5) = 0.06

Explanation:

The expected rate <u><em>(which is the the projected return on a monetary investment)</em></u> on the treasury bonds at 4.05% can be calculated as seen below:

Rate on 5-year Treasury Bonds, E(r5) = 2.20%

Rate on 10-year Treasury Bonds, E(r10) = 4.05%

(1 + E(r5))^5 * (1 + E(5r5))^5 = (1 + E(r10))^10

1.0220^5 * (1 + E(5r5))^5 = 1.0405^10

1.11495 * (1 + E(5r5))^5 = 1.48738

(1 + E(5r5))^5 = 1.33403

1 + E(5r5) = 1.05933

E(5r5) = 0.05933

E(5r5) = 0.06

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What is 5-6-(-7)+-10-21
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5-6+7-10-21

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Anna11 [10]
Consumers influence the decisions of producers c) through the purchasing decisions they make.
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Answer:

E. new restaurant

Explanation:

The entrepreneurial strategy matrix is a interesting model for the ongoing ventures an d the new ventures. It helps to identify the proper business strategies.

In the context, according to the entrepreneurial strategy matrix, a new restaurant is most likely to have a high risk and high returns as there is a lot of competition and rivalries in the restaurant industry in the market. Many people already have their favorite restaurant and they prefer going to their favorite or their selected restaurant.

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