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3 years ago

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Divine Apparel has 4,000 shares of common stock outstanding. On October 1, the company declares a $0.75 per share dividend to st

ockholders of record on October 15. The dividend is paid on October 31. Record all transactions on the appropriate dates for cash dividends.

1 answer:

kipiarov [429]3 years ago

6 0

I got to think about this again. Come back. later!! X=22.15

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Analyzing the effects of transactions on the accounting equation.

Dmitry [639]

Answer:

I used an excel spreadsheet to record the accounts using the accounting equation.

What is the ending balance of cash after all transactions have been recorded?

$163,900

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3 years ago

Trago Company manufactures a single product and has a JIT policy that ending inventory must equal 30% of the next month's sales.

DIA [1.3K]

Answer:

Production June= 288,000 units

Explanation:

Giving the following information:

Desired ending inventory= 30% of next month's sale.

Beginning inventory= 85,500 units

Sales:

June= 285,000 units

July= 295,000 units

To calculate the production required for June, we need to use the following formula:

Production= sales + desired ending inventory - beginning inventory

Production= 285,000 + (295,000*0.3) - 85,500

Production= 288,000 units

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4 years ago

Can you guys make me instagram famous? plz i need help

kogti [31]

Answer:

sis what

Explanation:

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4 years ago

Read 2 more answers

Which of the following price indices is designed to measure changes in the prices of goods and services purchased by a typical i

skad [1K]

Answer:

d. Consumer price index

Explanation:

Consumer price index in any country consists of goods and services that are used in day to day activities by consumers e.g. daily food items, utilities, transportation etc. The index is used to measure the increase in weighted average prices of the constituents over a particular time.

Option A is price index for producers that measures the increase in price of goods and services that are typically used by different producers for their output.

Option B is an analysis that is used to assess the trends of any economy. This analysis is performed by government economists, officials and government to make informed decisions about future actions. Individuals have no use of the index.

Option C Gross domestic product (GDP) deflator is a price adjustment to GDP of current year to depict the actual growth in value of goods and services produced in a particular year. GDP deflator is a reduction of inflation rate from nominal rate of increase in GPD.

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4 years ago

The 2016 financial statements of CVS Health Corporation reported sales of $177,526 million and accounts receivable of $12,164 mi

Nimfa-mama [501]

Answer:

The projected accounts receivable balance for 2017 is $12,650.55 million

Explanation:

For computing the projected accounts receivable, first, we have to compute the percentage of accounts receivable with sales which equal to

= Accounts receivable ÷ sales × 100

= $12,164 million ÷ $177,526 million × 100

= 6.85195%

Now, multiply this percentage with the increased sales

The increase in sales is = Sales + (Sales × 4%)

= $177,526 million + ($177,526 million × 4%)

= $177,526 million + $7,101.04

= $184627.04 million

So, the projected account receivable equals to

= $184627.04 million × 6.85195%

= $12,650.55 million

5 0

3 years ago