Answer:
Dividends account was decreased by $4800.
Explanation:
When dividends are declared, a temporary account called dividends is created. It is a contra equity account that decreases retained earnings account and has a debit balance (although it is included under stockholders' equity). Once the dividends are paid, this account is cancelled.
The required reserve ratio would be 10 percent.
What do you mean by ratio?
A ratio shows how many times one number contains another. If a fruit dish comprises eight oranges as well as six lemons, the orange-to-lemon ratio is eight to six. Similarly, the proportion of lemons to oranges is 6:8 (or 3:4), while the proportion of oranges to overall fruit is 8:14. (or 4:7). A ratio's numbers can be any quantity, such as a count of persons or objects, or measures of lengths, weights, time, and so forth. In most situations, both numbers must be positive. A ratio can be thought of as an ordered pair of integers, a fraction with the first number in the denominator and the second in the numerator, or the value signified by this fraction.
To learn more about ratio
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Answer: The correct answer is "2. Taking into account external reasons for the recent underperformance of a good salesperson".
Explanation: Knowledge should be applied in cases such as this, since in front of an employee who has poor performance we must take into account the external reasons that influence him and his performance, such as family problems, the death of a family member, etc.
Answer: 3.6%
Explanation:
The effective cost of debt is the interest rate adjusted for taxes so it is expressed by;
= Interest (1 - tax rate)
= 6% ( 1 - 40%)
= 3.6%
Answer and Explanation:
Assembly Department of Hannon Company, budgeted and actual manufacturing overhead costs for the month of April 2020
Budget Actual Difference
Indirect materials $14,000 $13,500 $500 Favorable
Indirect labor 19,000 19,500 500
Unfavourable
Utilities 10,000 10,500 500 Unfavourable
Supervision 4,000 4,000 0 Neither Favorable nor Unfavourable
Total 47,000 47,500 Unfavourable
