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avanturin [10]
3 years ago
12

Gonzalez Company has 350,000 shares of $10 par value common stock outstanding. During the year, Gonzalez declared a 10% stock di

vidend when the market price of the stock was $30 per share. Four months later Gonzalez declared a $.50 per share cash dividend. As a result of the dividends declared during the year, retained earnings decreased by
Business
1 answer:
IRINA_888 [86]3 years ago
8 0

Answer:

retained earnings decrease by 1,242,500 as a result of the dividends policy through the year.

Explanation:

Stock dividends:

calcualtion for share issued

350,000 shares x 10% = 35,000 shares

value of the diviends: issued shares x market value

35,000 shares x $30 = 1,050,000 dividends

cash dividends (we have to also account for the new shares)

350,000 + 35,000 = 385,000 shares receive cash dividends

385,000 shares x $0.50 per share = 192,500 dividends

total dividends 1,242,500

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"With a finance degree, you can apply for almost any position available to accounting majors."
nexus9112 [7]

Answer:

False because finance is totally different from management and financial accounting. Finance degree holder can not apply for every as the finance degree holder knows better about financial management not about management accounting or financial accouting. The major fields which a finance degree holder can apply for are accountancy firms, investment and high street banks, insurance firms, management consultancies, etc.

3 0
3 years ago
Logan is a midlevel manager at Oranges Inc. When she turns 60, her company forces her to take mandatory retirement in exchange f
NikAS [45]

Answer:

The correct answer is b. Logan will most likely win because it is illegal for companies to subject midlevel managers to mandatory retirement .

Explanation:

Retirement must be agreed upon in order to be considered legitimate, which is why in this situation Logan is at a greater advantage since the company Oranges wanted to submit him to take retirement, even without requiring it because he did not have the legal age to access it. automatic way. It can be inferred that Oranges is trying to remove him from his position to hire a younger person who can hold the position for many years as Logan did.

4 0
3 years ago
A medium-size skincare company based in Minnesota plans to expand operations into four countries in Europe. The company decides
yanalaym [24]

Answer:

The correct answer is letter "B": customs broker.

Explanation:

A customs broker is a specialist in customs legislations of different countries that help to assess companies in the process of exporting goods. According to every country, customs brokers have licenses to operate which allows them to act as intermediaries representing companies that hire them to secure and expedite the products leave the country of origin in proper conditions.

The U.S. Customs and Border Protection (CBP) is the agency in charge of regulating customs brokers.

8 0
3 years ago
AB Corporation and YZ Corporation formed a partnership to construct a shopping mall. AB contributed $527,000 cash, and YZ contri
Vaselesa [24]

Answer:

a. AB and YX are both general partners.

AB's basis in the partnership's interests = $527,000 + ($263,500/2) = $658,750

YZ's basis in the partnership's interests = $457,000 + ($263,500/2) = $588,750

Each partner share 50% interest in the recourse debt.

b. AB is a general partner, and YZ is a limited partner.

AB's basis in the partnership's interests = $527,000 + $263,500 = $790,500

YZ's basis in the partnership's interests = $457,000

Only AB has a share in the recourse debt, since YZ is a limited partner  it has no recourse debt share.

5 0
3 years ago
BestBank's Visa credit card discloses an A.P.R. of "Prime Rate + 5.74% to Prime Rate + 22.74%." If the Prime Rate increases from
Brrunno [24]

The prime rate is the base rate for any financial transaction. The prime rate is considered for each type of lending instruments by the bank. bank add a margin % over the prime rate and offer loan/instrument at the increased rate.

In the given case, the BestBank's Visa credit card discloses an A.P.R. of "Prime Rate + 5.74% to Prime Rate + 22.74%, which means the A.P.R is calculated on the basis of Prime rate and any change in prime rate will directly affect the A.P.R.

The Prime Rate has increased from 3.25% to 4.25%, it means the increase of 1%. Hence the A.P.R. Shall also increase by 1%.

Hence the correct answer is:

b. Increase in A.P.R by 1%

4 0
3 years ago
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