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Jobisdone [24]
3 years ago
15

The board of directors of Capstone Inc. declared a $0.90 per share cash dividend on its $2 par common stock. On the date of decl

aration, there were 41,000 shares authorized, 20,000 shares issued, and 7,000 shares held as treasury stock.What is the entry when the dividends are declared?
A. Dividends 11,700 Dividends Payable 11,700
B. Dividends 11,700 Cash 11,700
C. Dividends 36,900 Dividends Payable 36,900
D. Dividends 18,000 Cash 18,000
Business
1 answer:
Bas_tet [7]3 years ago
6 0

Answer:

A. Dividends 11,700 Dividends Payable 11,700

Explanation:

The journal entry to record the dividend declared is shown below:

Dividend A/c Dr $11,700

     To Dividend payable $11,700

(Being the dividend is declared)

The computation is shown below:

= (Number of shares issued - treasury stock) × cash dividend per share

= (20,000 shares - 7,000 shares) × $0.90

= 13,000 shares × $0.90

= $11,700

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Chapman Machine Shop is considering a 4-year project to improve its production efficiency. Buying a new machine press for $576,0
DIA [1.3K]

Answer:

The Firm should not Buy and Install the press as it delivers a negative NPV of -$24,924 at 11% discount rate over its 4 year operations

Explanation:

The General rule is to appraise the investment based on various appraisal techniques.

A technique that should be considered must have special focus on the time value of money, the required rate of returns expected by the firm and other Cashflow considerations.

The Net Present Value (NPV) approach will be the best method to proceed with.

The NPV approach typically falls under the following decision tree:

a. If NPV is negative (Reject the proposal)

b. If NPV is positive (Accept if it's a singular project, Accept the highest positive NPV if it's for mutually exclusive Projects)

c. If Zero (this is the breakeven line at which the Project covers all its cost but does not return a profit.) Also referred to as the IRR

Kindly refer to the attached for detailed workings

6 0
3 years ago
Peg and Al Fundy have a limited food budget, so Peg is trying to feed the family as cheaply as possible. However, she still want
Inga [223]

Answer:

A) we requiere to fulfill the Vitamint contrains or surpass them A => 12 C=>6

B) we request that instead of fullfilling the vitaming requirement to be 12/6 or more

to be exactly for this amount.

Explanation:

We set up the situation in excel Solver with the following constraing:

     1        2      3      4

A    3 3 1 7

B    3 1 1 1

C        12 6 24

C2 = A1*A2 + B1*B2

C3 = A1*A3 + B1*B3

C4 = A1*A4 + B1*B4

common constraing:

C4 min

A1 = integer

B1 = integer

A) constraing

C2 => 12

C3 =>6

B) contraing to achieve the exact value for each vitamin:

C2 = 12

C3 =  6

4 0
3 years ago
Communicating effectively, showing a sense of teamwork, and being a good negotiator are all ways to demonstrate which component
Alexxandr [17]
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7 0
3 years ago
A friend tells you that they cannot afford to pay fof the standardized tests that needs to be taken to apply for college and mil
kondor19780726 [428]

You could tell them to take out a student loan, or a normal loan, or borrow money somewhere.

You could also pity them because of their unfortunate circumstances and let them suffer as they watch the private sector rule over the middle and lower class to no avail.

5 0
3 years ago
Read 2 more answers
Which of the following is not characteristic of the typical limited liability company? Death of a member (owner) causes it to di
natulia [17]

Answer:

Death of a member does not cause the LLC to dissolve unless the rest of the members want to continue. It is not a characteristic of a limited liability company.

Explanation:

An LLC or limited liability company is a kind of hybrid corporate structure which combines the characteristics of a corporation and sole proprietorship or partnership. The company has a separate legal existence apart from its members. The members have a limited liability. There is flexibility in taxation. All the members are allowed to participate in management, there is no board of directors for management.

8 0
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