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White raven [17]
2 years ago
10

On May 1, 2018, Love Corporation declared a $56,900 cash dividend to be paid on May 31 to shareholders of record on May 15. Requ

ired: Record the events occurring on May 1 and May 31 in a horizontal statements model. In the Cash Flow column, indicate whether the item is an operating activity (OA), investing activity (IA), or financing activity (FA). If an element was not affected by the event, leave the cell blank. (Enter any decreases to account balances with a minus sign.)
Business
1 answer:
Naya [18.7K]2 years ago
4 0

Answer:

May 1st 2018

Dr Retained Earnings                 56,900

Cr Dividend Payable                 56,900

(to record Love Corporation's dividend declaration in May 1st 2018)

May 31st 2018

Dr Dividend Payable                   56,900

Cr Cash                                       56,900

(to record Love Corporation's  actual dividend payment in May 31st 2018)

The event in may 1st 2018 is an non-cash item thus not affected the Cash Flow statement because no dividend cash payment was made.

While the event in May 31st 2018 is recognized as a financing activity as actual cash dividend is made to shareholders.

Explanation:

Explanation is given in the Answer part.

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According to your text, the best means of using direct foreign investment to attract new sources of demand is probably to
Serhud [2]

Answer:

c. establish a subsidiary or acquire a competitor in a new market.

Explanation:

A foreign direct investment can be referred to as investment made by a firm in one country into business interests located in another country. Foreign direct investments can be made through the establishing a subsidiary or associate company in a foreign country, acquiring a controlling interest in an existing foreign company, or a merger or joint venture with a foreign company.

Option C is therefore correct as establishing a subsidiary or acquire a competitor in a new market to attract new sources of demand is a means of foreign direct investment.

3 0
2 years ago
Brand x batteries have a mean life span of 102 hours, with a standard deviation of 6.8 hours. brand y batteries have a mean life
prohojiy [21]

Answer:

about 68% of brand x’s batteries have a lifespan between 95.2 hours and 108.8 hours. about 68% of brand y’s batteries have a lifespan between 98.6 hours and 101.4 hours. the life span of brand y’s battery is more likely to be consistently close to the mean.

Explanation:

According to the empirical rule (68–95–99.7 rule) for a normal distribution, 68% of the data falls within the first standard deviation (μ ± σ).

Given for brand x, mean (μ) = 102 hours and standard deviation (σ) = 6.8 hours.

first standard deviation (μ ± σ) = 102 ± 6.8 = (95.2, 108.8)

about 68% of brand x’s batteries have a lifespan between 95.2 hours and 108.8 hours.

Given for brand y, mean (μ) = 100 hours and standard deviation (σ) = 1.4 hours.

first standard deviation (μ ± σ) = 100 ± 1.4 = (98.6, 101.4)

about 68% of brand x’s batteries have a lifespan between 98.6 hours and 101.4 hours.

Since the standard deviation of brand y is smaller than that of brand x, brand y battery is more likely to be consistently close to the mean

5 0
3 years ago
Losses on the sale of long-term assets for cash:
atroni [7]

Answer: (D) Are the excess of the book value over the cash received

Explanation:

 The long term assets are mainly said to be sell in loss when, the actual selling price of the long termed investment are less than the value of the book and also the carrying value of the investment in books.

We can also find out the actual gain or loss as if cash receive are greater as compared to the assets vale of the book, then it is said to be gain. If cash receive are less as compared to the assets value of the book, then it is said to be loss.

5 0
3 years ago
American-based Trenton Inc. has decided to establish a wholly owned subsidiary in Argentina. To decide whether to acquire an ent
mojhsa [17]

Answer:

The benefits of greenfield ventures are:

  • Investors have larger control over the business they are creating fro scratch rather than acquiring an existing local business.
  • The investor can avoid intermediary costs.
  • The investor also has the possibility of setting their own marketing strategies.

Greenfield ventures means that the subsidiary will be built from scratch, which allows the parent company to fully shape its subsidiary as they want.

4 0
2 years ago
I have a signed contract with one company this company sold my contract to another company that did the work and it wasn't done
schepotkina [342]
In specifics, it depends on the written up sales contract that the first company arranged with the one that did the work. But personally, I'd blame the second company. Personal opinions don't matter when it comes to legal matters though.. sorry.
7 0
3 years ago
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