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Marat540 [252]
3 years ago
10

Fetzer Company declared a $0.35 per share cash dividend. The company has 200,000 shares authorized, 190,000 shares issued, and 8

,000 shares in treasury stock. The journal entry to record the dividend declaration is:
Business
1 answer:
sp2606 [1]3 years ago
4 0

Answer:

The journal entry to record the dividend declaration would be as follows:

                                    Debit        Credit

retained earnings      $63,700

common dividend payable           $63,700

Explanation:

According to the given data we have the following:

shares issued=190,000

treasury stock=8,000

cash dividend=$0.35

Therefore, to prepare the journal entry to record the dividend declaration we would have to calculate the retained earnings as follows:

retained earnings=(shares issued-treasury stock)*cash dividend per share

retained earnings=(190,000-8,000)*$0.35

retained earnings=$63,700

Hence, The journal entry to record the dividend declaration would be as follows:

                                    Debit        Credit

retained earnings      $63,700

common dividend payable           $63,700

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love history [14]

Answer:

The cost per equivalent unit of materials is $2.28

Explanation:

The Concept of Equivalent units measures the number of units complete to the extent of the input elements added during production.

The FIFO method in Process costing Accounts for Costs only incurred during the Manufacturing Period. Also, The Opening Work In Process is Assumed to be completed first.

<em>The First Step is to Calculate the Total Equivalent Units of Production for Raw Materials :</em>

To finish Opening Work In Process (34,000 × 0%)         =        0

Started and Completed ((153,000 - 34,000) × 100% )     =  119,000

Closing Work In Process (34,500 × 100%)                       =   34,500

Total Equivalent Units of Production                               =   153,500

<em>The Next and Final Step is to calculate the cost per equivalent unit of materials.</em>

Cost per equivalent unit = Total Cost During the Current Period / Total Equivalent Units of Production

                                           = $349,625 / 153,500

                                           = $2.2776872

                                           = $2.28 (2 decimal places)

Conclusion :

The cost per equivalent unit of materials is $2.28

7 0
2 years ago
Help i need help know plzzzzzzz
Alisiya [41]

Answer:

8+12=+(12—8)=4 l3+(—6):+(l3—6):7 Copyriglat 2013 Cengage Learning. ... 5 43 8 6, 6, , 0, , 1, 2, 2, , 6 π − − − (a) Natural numbers: { } 1, 2, 6 (b) Integers: { } 6 ... 2, 6 − (c) Rational numbers: { 5 4 6, , 0, − } 3 8 , 1, 2, 6 − (d) Irrational numbers: ... x = Inequality: 200 700 x ≤ ≤ The number line shows 2.5 2 − <

Explanation:

7 0
3 years ago
Three basic decisions must be made by all economies. What are they?
KiRa [710]

Answer:

3 basics decision that need to made or taken by all the economies are

1. What to produce

2. For whom to produce

3. How to produce

Explanation:

The 3 basic decisions which should be made by the all economies are:

1. What to produce - Under this, the economies need to decide that what product or service they need to produce, which is liked by the consumers or purchased by the consumers so that they could sell their product in the market and earn profit out of it. In this, the economy need to take care of the needs or demand of the consumers and produce accordingly.

2. How to produce - Then the second decision is regarding how to the produce the goods or services, which the customers or consumers want as they have the limited resources available with them and from that they cannot produce all the products. So, they need to choose or decide.

3. For whom to produce or who consumes it - Under this, they required to take the decision regarding that for whom they are producing the goods or services whether it is a company or a consumer or economy.

5 0
3 years ago
Newman Labs is considering buying equipment, which would enable the company to obtain a five-year research contract. The special
DanielleElmas [232]

Answer:

B

Explanation:

Net present value is a tool used to analyze how profitable a project by deducting the present value the difference between cash inflow and cash outflow over a period of time.

The formula is (cash flow)/(1+r)^i

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Expenses - $650,000

Increase in net income - 100,000

Annual depreciation charge - 650000/5 =$130,000

Discount rate - 12%=3.605

Present cash value =( $100,000+$130000) = $230,000

Please note that depreciation is added back as it is a non cash expenses

Present value of cash flow = annual cash flow * discount rate

=$230,000*3.605 =829,150

Net present value = 829150-650000= 179,150

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3 years ago
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The goal of a leader is to enable their team to develop their own leadership skills. They cultivate a group of creative and highly motivated leaders dedicated to realizing a common goal. Employers need to be managed by leaders who keep them on task and provide them structure at work.

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