1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kogti [31]
4 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]4 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.

You might be interested in
A customer tells his broker "Sell my position in ABCD (a NASDAQ stock) and use the proceeds to buy EFGH (another NASDAQ stock)."
MrMuchimi

Answer: C. purchase of EFGH separately; and the sale of ABCD separately

Explanation:

7 0
4 years ago
Compound Interest:
MA_775_DIABLO [31]

Option answer:

d. Interest = $10.64 and New Balance = $360.64

Answer:

A = $360.64

A = P + I where

P (principal) = $350.00

I (interest) = $10.64

Calculation Steps:

First, convert R as a percent to r as a decimal

r = R/100

r = 1.5/100

r = 0.015 rate per year,

Then solve the equation for A

A = P(1 + r/n)nt

A = 350.00(1 + 0.015/4)(4)(2)

A = 350.00(1 + 0.00375)(8)

A = $360.64

Summary:

The total amount accrued, principal plus interest, with compound interest on a principal of $350.00 at a rate of 1.5% per year compounded 4 times per year over 2 years is $360.64.

7 0
3 years ago
n investor is considering a $10,000 investment in a start-up company. She estimates that she has probability 0.39 of a $23,000 l
alexdok [17]

Answer:

The expected profit is -$13,162.

I would not recomend the investor to make this investment.

Explanation:

The expected profit can be calculated multypling the probabilities of every outcome and the profit of each outcome, and substracting the total invevstment.

The outcomes are:

1) probability 0.39 of a $23,000 loss,

2) probability 0.24 of a $8700 profit,

3) probability 0.12 of a $31,000 profit, and

4) probability 0.25 of breaking even

NOTE: It is assumed that the outcomes does not include the initial investment.

Then, the expected profit of this investment is:

E(P)=[0.39*(-23,000)+0.24*8,700+0.12*31,000+0.25*0]-10,000\\\\E(P)=[-8,970+2,088+3,720+0]-10,000\\\\E(P)=-3,162-10,000\\\\E(P)=-13,162

6 0
3 years ago
The level of difficulty a manufacturer experiences in getting retailers to purchase its products is determined by the degree to
lesya692 [45]

The difficulty level that a manufacturer experiences in getting retailers to purchase its products is determined by the degree to which the channel is vertically integrated.

<h3>What is vertical integration?</h3>

It should be noted that vertical integration simply means the process of acquiring business operations towards identical production.

In this case, the difficulty level that a manufacturer experiences in getting retailers to purchase its products is determined by the degree to which the channel is vertically integrated.

Learn more about vertical integration on:

brainly.com/question/19815172

4 0
3 years ago
Partial balance sheets and additional information are listed below for Funk Company. Funk Company Partial Balance Sheets as of D
mart [117]

Answer:

$786,100

Explanation:

Funk Company

Accounts receivable $93,500 -$ 89,600

=$3,900

Sales totaled $790,000 - $3,900

=$786,100

Hence;

Cash (received from customers)$786,100

Add Accounts receivable $3,900

Sales revenue $790,000

Therefore the amount of cash received from customers during 2021 will be $786,100

5 0
3 years ago
Other questions:
  • For lunch, Maria eats only salads or vegetarian burgers. Her weekly food budget is $36. Each salad costs $6 and each vegetarian
    14·1 answer
  • Which of these factors would tend to lower overall property values most in a single-family residential neighborhood?
    8·1 answer
  • Suppose a firm expects it’s EBIT to be 105,000 per year forever. Assume the firm can borrow at 6.75% ad has a tax rate of 32%. I
    8·1 answer
  • Hardy Company is a wholesale electronics distributor. On December 31, 2008, it prepared the following partial income statement:
    8·1 answer
  • 5. What has made California a particularly good place for entrepreneurs
    5·1 answer
  • how can good boilerplate tersm and conditions of contract still fail to protect an orgnaization against some risk
    6·1 answer
  • Why drill should be performed in single beat?​
    10·1 answer
  • Is Dodgetown, 196 of the 200
    8·1 answer
  • All of the following statements about flexible spending accounts (FSAs) are TRUE, EXCEPT:
    9·1 answer
  • Work with delivery teams that are implementing the solution to ensure the technology features are appropriate. Ensure alignment
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!