1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Irina18 [472]
3 years ago
5

Hernandez Company has 560,000 shares of $10 par value common stock outstanding. During the year, Hernandez declared a 10% stock

dividend when the market price of the stock was $30 per share. Four months later Hernandez declared a $.50 per share cash dividend. As a result of the dividends declared during the year, retained earnings decreased by
Business
1 answer:
denis-greek [22]3 years ago
3 0

Answer:

RE decrease: 1,960,000

Explanation:

Retained earnings will decrease for the total amount of the dividends.

<u>stocks dividends</u>

560,000 shares

10% stock dividends: 560,000 x 10% = 56,000 shares

56,000 x $30 = 1,680,000 stock dividends

<u>cash dividends:</u>

560,000 x 0.50 per share = 280,000 cash dividends

Total dividends: 1,680,000 + 280,000 = 1,960,000

that will be the RE decrease

You might be interested in
What is the MAIN reason why some stores want to close on Thanksgiving?
Contact [7]

\mathrm {Hey, there!}

Your answer is:

It is too difficult to compete with major retailers like Target and Best Buy.

When a lot of people buy things from a store, there is a lot of turbulence in many stores, espeically in big retailers. The answer will be It is too difficult to compete with major retailers like Target and Best Buy.

Best of Luck!

8 0
3 years ago
Read 2 more answers
Ceramic Customs Co. requires a specific type of ceramic to make custom-made tiles. Since only one supplier makes that particular
kramer

Answer:

a. The supplier has more bargaining power than the firm.

Explanation:

This is an example of one of Porters' five forces. The supplier has a monopoly and thus entertains a high market share. This means that the supplier has more bargaining power than the firm as if the firm wants the ceramic there are no alternative options available for the firm; however, if the firm does not want supplies, the supplier can find plenty of firms that may need the ceramic thus making supplier more powerful than the firm.

Hope that helps.

4 0
3 years ago
More than ________ percent of those holding patents win their infringement suits.
lara31 [8.8K]
<span>The correct answer is 60%.

Over 60% of patent holders are successful when bringing infringement suits. This high rate of success ensures that patent holders receive just compensation for their work and that others cannot wrongfully benefit from their ideas. A successful patent infringement suit can require the defendant to pay monetary damages to the patent holder in addition from stopping their wrongful use of the patent.</span>
6 0
3 years ago
Minor company installs a machine in its factory at the beginning of the year at a cost of $135,000. the machine's useful life is
sveticcg [70]

To determine what the depreciation of an asset using straight line method, the formula to be used is:

(Initial cost of machine – salvage value) divided by estimated useful life


So in this problem:

Initial Cost - $135000

Salvage Value – $15000

Estimated Useful Life – 5 years

Plug that in the formula


Annual depreciation = ($135000 - $15000) / 5

= $120000/ 5

= $24,000


The first year depreciation for the machine is $24000 because the company bought it in the beginning of the year. (So there is no need to divide this by 12 months)

To record this:

Depreciation Expense $24000

<span>          Accumulated Depreciation $24000</span>

3 0
3 years ago
How does soap work? A. Creates a sheetlike microscopic barrier between the skin and microorganisms in the environment B. Emulsif
Elina [12.6K]

Answer:

Your answer is going to be c.

Explanation:

as soap is meant to wash away germs it has to first kill them.

4 0
3 years ago
Other questions:
  • Your company currently has par, coupon bonds with 10 years to maturity and a price of . If you want to issue new 10-year coupon
    13·1 answer
  • The overall design of organization structure indicates all of the following except: Group of answer choices
    9·1 answer
  • 1. Discuss the three components of strategy as they relate to Theo Chocolate's new strategy. – distinctive competence, scope, an
    9·1 answer
  • The correct order to present current assets is ___________.
    7·1 answer
  • Specialty Auto Parts Company uses the indirect method to prepare its statement of cash flows. Refer to the following information
    10·1 answer
  • For a survey, a company decided to call 7 out of every 5000 people. how many people should be called in a town of 78000 people?
    8·1 answer
  • Colorado Corporation's financial statements include the following information:
    5·1 answer
  • Which of the following statements about executing and evaluating the promotion program is most accurate?
    7·1 answer
  • URGENT PLEASE ANSWER FAST??!!how can a person who reports corruption be protected?
    13·1 answer
  • A new study discovers the health benefits of eating fish regularly. At the same time, some consumers decide to become vegetarian
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!