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kogti [31]
3 years ago
9

Ray Corp. declared a 5% stock dividend on its 10,000 issued and outstanding shares of $2 par value common stock, which had a fai

r value of $5 per share before the stock dividend was declared. This stock dividend was distributed 60 days after the declaration date. By what amount did Ray's current liabilities increase as a result of the stock dividend declaration?
Business
1 answer:
mars1129 [50]3 years ago
6 0

Answer: The answer is as follows:

Explanation:

We know that dividend is not a part of assets and liabilities. Stockholder's equity section includes the all types of dividend that would be divided among the share holders. Therefore, declaration of dividend is not a part of liabilities and hence, involved in the Stockholder's equity section.

∴ There will be no increase in the  Ray's current liabilities as a result of the stock dividend declaration.

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_____ are the taken-for-granted beliefs and philosophies that are so ingrained that employees simply act on them rather than que
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Answer:

5. Basic underlying assumptions

Explanation:

Basic underlying assumptions represent the core and essence of culture which are too difficult to observe because they exist in unconscious levels and least observable part of a culture. They can be taken lightly but they have a great influence and form the key to understanding why things are they way they are.

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The first of two major components of developing a marketing strategy is to _______. a. select a target market b. determine a seg
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Answer:The first of two major components of developing a marketing strategy is to<u> select a target market.</u>

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Steps to select a target market

  1. Target market is actually those customers whom we want to sell our products.Concentrating on target market will make it easier to sell our products.
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  3. Look at the competition that exist .Identify those areas that have been overlooked by our competitors.
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3 years ago
A store puts everything on sale for 20% off. If the sales tax is 8%, what percent of the original marked price is the final cost
iogann1982 [59]

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86.4%

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that is the post-sales tax price is 108%=1.08 of the pre-sales tax price.

Therefore the final cost (i.e. the post-tax price) is

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Suppose that the market for labor is initially in equilibrium. If the firm employs labor-saving technology, the equilibrium wage and the quantity of labor will both rise.

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In equilibrium, all persons who are looking for work at the going wage can find a job.

<h3>What is equilibrium wage rate?</h3>

The equilibrium market wage rate is at the intersection of the supply and demand for labor.

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