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Ksivusya [100]
3 years ago
8

Mustang Corporation had 100,000 shares of $2 par value common stock outstanding. On December 31, 2015, the company's board of di

rectors declares a 20 percent stock dividend. This stock dividend will be distributed on January 20, 2016 to the stockholders of record on January 15, 2016. The market price of the company's stock is $10 per share on December 31, 2015. Required:Complete the necessary journal entry to record the declaration of the stock dividend by selecting the account names and dollar amounts.
Business
1 answer:
Lynna [10]3 years ago
6 0

Answer:

December 31, 2015

DR Retained Earnings $40,000  

       CR Common Stock Dividend Distributable   $40,000

<em>(To record declaration of stock dividend)</em>

 

Working

Common Stock Dividend Distributable

= No. of shares * Par value * % stock dividend

= 100,000 * 2 * 20%

= $40,000

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Suppose your bank pays you 4 percent interest per year on your savings​ account, so that​ $1,000 grows to​ $1,040 over a oneminu
Fed [463]

Answer:

3 percent which is $30

Explanation:

The real value of money is measured against a basket of goods or services, or against a particular product or service.  The real value is adjusted for inflation. In other words, the real value of money is its nominal value adjusted for inflation.

If the bank pays an interest rate of 4  percent, which leads to an increase of savings from $1000 to  $1040, should prices increase by 1 percent, then the real value of money has increased by 3 percent. One percent increase in prices represents inflation.  Keeping $1000 in the bank will earn a 3 percent real value or $30.

8 0
3 years ago
Name two arguments that support international trade.
sergij07 [2.7K]
(Two arguments that support IT) - 1: people will still continuing to vote or trade other countries, 2: people will get good wages with their trades. (Two arguments that do not support IT) - 1: upon their trades, they will get high taxes, 2: some people trades that was stolen from the society. In my opinion the world and the USA are usually similar, in fact USA will eventually hated the IT because the Russians and its friends and at Middle East still continuing and make an agreement to other neighbor countries and the worst part they are still continuing trading weapons, or parts of the nuclear weapon.
7 0
3 years ago
Read 2 more answers
Goodell Corporation just paid its annual dividend of $1.75, today. Dividends for the Goodell Corporation are expected to increas
AlekseyPX

Answer:

current price of Goodell Corporation stock is $48.26

Explanation:

given data

annual dividend = $1.75

expected to increase 1 year = 27.5 percent

expected to increase 2 year = 13.8 percent

expected to increase per year = 5 percent

required rate of return = 10 percent

solution

we get here first dividend that is

D1 = 1.75 × (1.275) = 2.23    ...............1

D2 = 2.23 × (1.138) = 2.54    ...............2

D3 = 2.54 × (1.05) = 2.67      ...............3

and

year 2 price will be

P2 = D3 ÷ (R – g)    ...............4

P2 = 2.67 ÷ (0.10 - 0.05)

P2 = 53.4     ...............5

so current price will be

P = 2.23 ÷ (1.10) + 2.54 ÷ (1.10)2 + 53.40 ÷ (1.10)2

P = $48.26

4 0
3 years ago
A high school plan acts as a ?
san4es73 [151]

Answer:

<h3>Question:</h3>

A highschool plan acts a ?

Explanation:

<h3>My answer:</h3>

B. list of goals for social life

that is your strategy.

6 0
2 years ago
The focus of strategic management is​ ______. A. the integration of all the functional areas of the business to achieve its orga
IceJOKER [234]

Answer:

A. the integration of all the functional areas of the business to achieve its organizational objectives

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Strategic management is the process of  setting goals for an organisation, analyzing its competitive environment and internal environment, and  evaluating strategies that will ensure that the organisation achieve its goals. It covers all  the functional areas  such as the micro and macro environment of the business.

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3 years ago
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