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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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A machine cost $1,238,000 on April 1, 2020. Its estimated salvage value is $139,200 and its expected life is 4 years. Calculate
natulia [17]

Answer:

  • The depreciation expense by straight-line for 2020: $206,025
  • The depreciation expense by double-declining balance for 2021: $619,000
  • The depreciation expense by sum-of-the-years'-digits for 2021: $329,640

Explanation:

Under straight-line method, depreciation expense is (cost - residual value) / No of years = ($1,238,000 - $139,200) / 4 years = $274,700 yearly depreciation expense.

Depreciation expense by straight-line for 2020 will be (April 1, 2020 - Dec. 31, 2020):  $274,700 / 12 x 9 = $206,025.

The double-declining method is otherwise known as the reducing balance method and is given by the formula below:  

Double declining method = 2 X SLDP X BV

SLDP = straight-line depreciation percentage

BV = Book value

SLDP is 100%/4 years = 25%, then 25% multiplied by 2 to give 50% or simply 1/2

Depreciation expense under double-declining method at December 31, 2021: $1,238,000 x 1/2 = $619,000

Under the sum-of-the-years'-digits, the depreciation expense for 2021 will be calculated as follows: 3 / 10 = 30%.

10 was derived by 4 + 3 + 2 + 1 for Year 2020, 2021, etc

($1,238,000 - $139,200) x 30% = $329,640

4 0
3 years ago
the entity that normally is supposed to determine whether an academic researcher's conflic of interest can be managed is
Delvig [45]

A conflict of interest committee is the entity that normally is supposed to determine whether an academic researcher's conflict of interest can be managed.

<h3>What is conflict?</h3>

Conflicts arise from disparate interests, points of view, or even philosophical notions. Conflict will always exist in society because it might stem from personal, race, class, caste, political, or even international issues. In disagreements that are emotional, intellectual, or theoretical, academic recognition may or may not be a key motivator. Cultural conflict is a form of intellectual conflict that, due to diverse cultural conventions and beliefs, tends to get worse over time.

Group conflicts typically follow a predefined course. An internal conflict, which is typically sparked by conflicts between the group's members, internal disagreements, or a lack of resources, initially interrupts normal group interactions.

To learn more about conflict ,visit:

brainly.com/question/17744728

#SPJ4

3 0
2 years ago
What is a way to protect your social security number and other sensitive information from identity theft
yuradex [85]
<span>Change online account passwords frequently and your SS just lock in a safe so no one can access the number but you</span>
7 0
2 years ago
Read 2 more answers
A business school would like to know that whether the average number of years of work experience of MBA applicants is less than
VMariaS [17]

Answer:

The test statistic t of the sample is -0.804.

There is sufficient evidence to ascertain that the average number of years of work experience of MBA applicants is less than 3 years.

Explanation:

Null hypothesis: The average number of years of work experience of MBA applicants is 3 years.

Alternate hypothesis: The average number of yet of work experience of MBA applicants is less than 3 years.

Test statistic (t) = (sample mean - population mean) ÷ sd/√n

sample mean = 2.57

population mean = 3

sd = 3.67

n = 47

t = (2.57 - 3) ÷ 3.67/√47 = -0.43 ÷ 0.535 = -0.804

Assuming a 5% significance level

degree of freedom = n - 1 = 47 - 1 = 46

The critical value corresponding to 46 degrees of freedom and 5% significance level is 2.013.

Conclusion:

Reject the null hypothesis because the test statistic -0.804 is less than the critical value 2.013.

The years of work experience of MBA applicants is less than 3.

5 0
3 years ago
The __________ rate tells you how much one unit of currency is worth when converted to another currency.
marissa [1.9K]

Answer:

the answer is A. exchange

hope this helps

5 0
2 years ago
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