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
zaharov [31]
3 years ago
11

Divine Apparel has 3,200 shares of common stock outstanding. On October 1, the company declares a $0.25 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) Record the declaration of cash dividends.2) Record the entry on date of record.3) Record the payment of cash dividends
Business
1 answer:
Alenkasestr [34]3 years ago
6 0

Answer:

The Journal entries are as follows:

(i) On October 1,

Dividend declared A/c(3,200 × 0.25) Dr. $800

   To Dividend payable                                        $800

(To record the declaration of cash dividend)

(ii) On October 15,

No entry

(No entry on date of record because no transaction actually happened)

(iii) On October 31,

Dividends payable A/c Dr. $800

      To cash                                    $800

(To record the payment of cash dividends)

You might be interested in
When solving for a present value, all cash flows should be discounted from the A : future to the present. B : the past to the fu
Alisiya [41]

Answer:

B the past to the future

3 0
4 years ago
The board of commissioners of the City of Hartmoore adopted a General Fund budget for the year ending June 30, 2017, that includ
Aleks04 [339]

Answer:

The Journal entry at the beginning of the year is as follows:

Estimated revenue A/c                      Dr. $1,342,500

Estimated other financing sources-Bonds proceeds A/c Dr. $595,000

To Appropriations control                                                                     $960,000

To Appropriations-Other financing uses-operating transfer outs     $532,500

To Budgetary fund Bal.                                                                        $445,000

(To record entry at the beginning of the year)

8 0
3 years ago
A survey of 50 retail stores revealed that the average price of a microwave was $375 with a sample standard deviation of $20. As
ohaa [14]

Answer:

True cost of the microwave is in 99% confidence interval: c. $323.40 to $426.60

Explanation:

Relevant data:

n=50\\\mu=375\\\sigma=20\\\alpha=0,001

As we want to know the 99% confidence interval, the significance level is:

(1-\alpha).100\%=99\%\\1-\alpha=0.99\\\alpha=0.01

We need to estimate a confidence interval by a two tailed normal bell. Then we have:

Z_{\alpha/2}=Z_{0.005}

The z-value for a probability of 0.005 in a normal standard distribution is 2.576

Confidence interval is given by;:

\=x\±Z_{\alpha/2}\sigma\\375\±Z_{\0.005}(20)\\375\±(2.58)(20)\\375\±51.60

375+51.60=426.60\\375-51.60=323.40

True cost of the microwave is in 99% confidence interval: c. $323.40 to $426.60

6 0
4 years ago
What is a trailing stop loss
Sveta_85 [38]

A trailing stop-loss order is a special type of trade order where the stop-loss price is not set at a single, absolute dollar amount, but instead is set at a certain percentage or a certain dollar amount below the market price. A trailing stop-loss is sometime referred to simply as a trailing stop.

4 0
3 years ago
Read 2 more answers
Which of the following best describes equilibrium?
QveST [7]

Answer:

C. A situation where no economic agent would benefit by changing his or her behavior

Explanation:

An economic equilibrium is when the agents are optimizing their decisions and opposing market forces are equal. This point allows the economic agents to maximize their utility and any change from this point will cause all agents to move away from potential maximum benefits.

In a natural equilibrium there is usually no government intervention so option A is false. Option B gives only one agent potential benefits and as such there is no equilibrium. Option D is conditional and may or may not happen as when the agents find missing information they would optimize again and move to an equilibrium.

Hope that helps.

3 0
3 years ago
Other questions:
  • Determine the capitalized cost of a permanent roadside historical marker that has a first cost of $75,000 and a maintenance cost
    10·1 answer
  • Can someone type a paper for me
    9·2 answers
  • Economic activities whose location does not rely on factors such as the location of raw materials, transportation costs, and lar
    7·1 answer
  • an assessment made against a property to pay for public improvement by which the assessed property is supposed to be especially
    10·1 answer
  • Unavoidable fixed costs areA.relevant to the decision of whether to discontinue the department.B.irrelevant to the decision of w
    5·1 answer
  • Determine the account and amount to be debited and the account and amount to be credited for the following adjustment. Equipment
    7·1 answer
  • A stock you own earned: $200, $500, $100, and $700 over the last four years. What was the mean annual gain in value over the fou
    7·1 answer
  • The Pan American Bottling Co. is considering the purchase of a new machine that would increase the speed of bottling and save mo
    14·1 answer
  • Free
    13·2 answers
  • I am the head of a major company and it has been brought to my attention that
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!