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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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A__________is a network of facilities and processes that describes the flow of materials, finished goods, services, information,
Viktor [21]

Answer:

value chain

Explanation:

A value chain can be described as a series of functional activities carried out by a company with the aim of delivering a valuable good to the market or adding value to customers.

Under value chain, value is added not only to the product of the company but also to how the product is produced, marketed, and the process of providing after-sales service to customers.

Therefore, a <u>value chain</u> is a network of facilities and processes that describes the flow of materials, finished goods, services, information, and financial transactions from suppliers, through the facilities and processes that create goods and services, and those that deliver them to the customer.

5 0
3 years ago
Read 2 more answers
For a multi-product company with a limited resource, company-wide net income will be maximized if A : fixed costs equal the doll
sesenic [268]

Answer:

D : production capacity is prioritized to the product with the highest unit contribution margin.

Explanation:

The poduct with the highest unit contribution margin is key to calculate the Gross Profit Margin .

"Gross profit margin analyzes the relationship between gross sales revenue and the direct costs of sales. This comparison forms the first section of the income statement. Companies will have varying types of direct costs depending on their business. Companies that are involved in the production and manufacturing of goods will use the cost of goods sold measure while service companies may have a more generalized notation.

Overall, the gross profit margin seeks to identify how efficiently a company is producing its product. The calculation for gross profit margin is gross profit divided by total revenue. In general, it is better to have a higher gross profit margin number as it represents the total gross profit per dollar of revenue. "

Reference: Beers, Brian. “Gross, Operating, and Net Profit Margin: What's the Difference?” Investopedia, Investopedia, 14 Sept. 2019

6 0
3 years ago
Which one of the following actions will increase the current ratio, all else constant? Assume the current ratio is greater than
Greeley [361]

Answer:

C) Cash payment of an account payable

We know that the current ratio is greater than 1, and in the formula for current ratio the assets are in the numerator and liabilities in the denominator, in this case an asset is increasing for the same account that a liability is decreasing by. So whenever the the value is above one and the numerator and denominator are decreased by the same amount the value increases.

Explanation:

3 0
3 years ago
at home depot, rfid is used to make sure that the shelves are stocked with the right items. customers can count on home depot to
statuscvo [17]

The technology involved in rfid (radio-frequency identification) has traditionally been used to ----<u>manage</u><u> inventory prior</u><u> to items reaching the </u><u>sales floor.</u>

<u />

<h3>What's RFID and how does it work?</h3>

An RFID system consists of a bitsy radio transponder, a radio receiver and transmitter. When touched off by an electromagnetic interrogation palpitation from a near RFID anthology device, the label transmits digital data, generally an relating force number, back to the anthology. This number can be used to track force goods.

<h3>What are the advantages of RFID?</h3>

RFID offers dependable track- and- trace in tough surroundings. This technology can fluently track and give real- time data about force and product position. Whether you're tracking large asset force, individual products, or batches, you can profit from automatic real- time data collections.

Learn more about RFID technology :

brainly.com/question/25705532

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7 0
1 year ago
Every Saturday Mrs. Jones and hundreds of other shoppers visit ABC Market, a grocery store, to buy food for their home or busine
spayn [35]

Answer:

Customers

Explanation:

A customer represents either a business or an individual that patronizes an organisation's products or services especially on a regular basis.

The role of the customer is to get their needs met by getting products or services offered, while the manufacturer or service provider's benefit is to derive income or revenue from the patronage of the customers.

Therefore, the customer - vendor relationship is a relationship that is critical to the continued existence of both parties.

<u>Since, Mrs. Jones goes to visit ABC market on a regular basis (Saturdays) with other shoppers, then these shoppers are customers to ABC</u>

6 0
3 years ago
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