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Ann [662]
3 years ago
10

The board of directors of Capstone Inc. declared a $0.60 per share cash dividend on its $1 par common stock. On the date of decl

aration, there were 50,000 shares authorized, 20,000 shares issued, and 5,000 shares held as treasury stock. What is the entry for the dividend declaration? 1.Retained earnings 9,000 Cash dividends payable 9,000 2.Retained earnings 9,000 Cash 9,000 3.Retained earnings 10,000 Cash dividends payable 10,0004. Retained earnings 10,000 Cash 10,000
Business
1 answer:
miss Akunina [59]3 years ago
8 0

Answer:

Dr Retained earnings $9,000

Cr Dividends payable                $9,000

Explanation:

The number of shares eligible for dividends is the issued common stock minus treasury stock, that is 15,000 shares(20,000-5,000),as a result ,dividends of $9000 (15,000*$0.6) were declared.

The appropriate entries on the declaration date is to debit retained earnings with $9,000 and credit dividends payable account with $9000

Upon payment, the dividends payable would be debited and cash account credited.

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Which of these types of buildings would not be found on the plaza principal?
scoundrel [369]

The Answer is 

"<span>family homes "

</span>

<span>“Family homes” would not be found on the plaza principal. However the other two types i.e. municipal building as well as cathedrals will be found on plaza principal. The common events or activities found at the plaza principal are fiestas or festivals and meeting with friends.</span>

3 0
3 years ago
"The price (P) of designer jeans is affected by the supply (S) and the demand (D).
katovenus [111]
The correct answer is <span>B. Demand for more pairs of jeans results in an increase in both price and quantity supplied.

You can see that demand is increasing since d2 is on the right of d1. You can also see that prices increase since p2 is greater than p1. You can also see that quantity supplied also increases since q2 is on the right of q1.</span>
3 0
3 years ago
Read 2 more answers
What evidence do you see in this case of the three kinds of corporate philanthropy discussed in this chapter: contributions of c
vodomira [7]

Answer:

Find the explanation below.

Explanation:

Philanthropy is the act of giving of material resources to promote a noble cause. From the heading "Salesforce's 1+1+1 Integrated Philosophy", we learn about a Company named Salesforce who allocated a percentage of its profit to charitable causes.  

1. Evidence of contributions of cash can be seen in its donation of up to $200 million to charitable courses.

2. Contributions in-kind products or services can be seen in the event where the staff of the company rebuilt the website of the Redcross society during Hurricane Harvey in 2017.

3. Contribution through employee time is seen from the fact that the company gives its employees 7 days paid leave to volunteer in schools where they teach children website development.

6 0
3 years ago
PLEASE HELP IM ON PLATO BTW GET IT RIGHT CUH
Rasek [7]

Answer:

✔️Demand Pull Inflation:

1. Too much money chasing too few goods

2. Stiff competition among consumers

✔️Cash Pull Inflation:

1. Increase in cost of production

2. Decrease in supply of goods and services

3. Aim of sellers is to maximize profit

Explanation:

Demand pull inflation is often caused by the increase in the aggregate demand of outputs than an economy can produce as a result of increased government spending, expanding economy and so on.

On the other hand, cash pull inflation is caused by the decrease in aggregate supply of goods and supply as result of increased cost of the factors of production.

Thus, let's match each description to the types of inflation they belong to:

✔️Demand Pull Inflation:

1. Too much money chasing too few goods (excess demand as a result of expanding economy)

2. Stiff competition among consumers (businesses, households, governments and foreign buyers bid prices up and compete to purchase the limited available goods and services)

✔️Cash Pull Inflation:

1. Increase in cost of production (this pushes the cost of goods and services up)

2. Decrease in supply of goods and services (aggregate supply decreases)

3. Aim of sellers is to maximize profit (as production cost increase, sellers would have to increase the price of goods and services in order not to run at a loss).

7 0
3 years ago
"If Lazer Co. desires to lock in the maximum it would have to pay for its net payables in euros but wants to be able to capitali
Crazy boy [7]

Answer:

D) purchasing euro call options.

Explanation:

If Lazer purchased euro call options it would be basically buying the right to purchase euros at a specified currency exchange rate. This way Lazer would know what is the maximum amount it will have to pay for the euros it needs to cover its debts. The call option give the buyer the right to purchase the euros but not the obligation, so if the euro depreciates, then Lazer can simply decide to not use the call option.

5 0
3 years ago
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