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MArishka [77]
3 years ago
10

On Mar 3, Lyons Company paid dividends of $1,000. Use your knowledge of what a correct journal entry should look like to identif

y what would be included.
a. Dividends would be debited and listed first.
b. Dividends would be credited and listed second.
c. Cash would be credited and listed second.
d. Dividends expense would be debited and listed first.
e. Cash would be debited and listed first
Business
1 answer:
Anastasy [175]3 years ago
3 0
E:cash would be debited and listed first
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firms operating in a/an market, sell their product in a market with many other firms who produce identical or extremely similar
frozen [14]

The firms operating in a  perfectly competitive market, sell their product in a market with many other firms that produce identical or extremely similar products.

<h3>What is a Product?</h3>

A product is referred to as final or finished goods distributed in the market to serve the customers. This product can be both goods and services in which goods are tangible and services are intangible.

When all businesses sell identical goods, market share has no effect on prices, businesses can enter and exit the market without any restrictions,  and businesses are unable to set prices, perfect competition is said to present.

Learn more about perfectly competitive, here:

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4 0
1 year ago
Ted is the owner and chief executive officer of a business. He recently began an advertising campaign to promote a new product t
Andreyy89

Answer:

The answer is "Option a"

Explanation:

In the given question only "option a" is correct, which can be described as follows:

  • He is the owner and managing director of an organization and recently he introduced media attention initiatives to encourage a specific app controlled by federal law.
  • Its law is rather ambiguous. He reviewed the relevant law before starting the initiative and met with his counsel in an attempt to comply with the rule. Even so, this state attorney general's office also filed a suit against him after misleading publicity.
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8 0
3 years ago
A company reports the following: Sales $6,750,000 Average total assets (excluding long-term investments) 2,500,000 Determine the
Vinvika [58]

Answer:

2.7

Explanation:

Calculation to Determine the asset turnover ratio

Using this formula

Asset Turnover = Sales/Average Total Assets

Let plug in the morning

Asset Turnover =$6,750,000/2,500,000

Asset Turnover =2.7

Therefore the asset turnover ratio is 2.7

6 0
2 years ago
A factory currently manufactures and sells 800 boats per year. Each boat costs $5,000 to produce. $4,000 of the per-boat costs a
Trava [24]

Answer:

Total unitary cost= $4,800

Explanation:

Giving the following information:

Actual units= 800

Total fixed costs= 1,000*800= 800,000

UNitary variable cost= $4,000

Units increase= 200

<u>On unitary bases, variable costs remain constant. On the contrary, fixed costs vary at a unitary level. Now, the same amount of costs is divided by a larger number of units.</u>

<u></u>

Unitary fixed overhead= 800,000/1,000= $800

Total unitary cost= 4,000  + 800= $4,800

6 0
3 years ago
A firm improves product quality and adds new product features and models. it also shifts some advertising from building product
marin [14]
The product life cycle (PLC) has 5 stages: product development stage, introduction stage, growth stage, maturity stage and decline stage.<span>
The strategy that includes shifting some advertising from building product awareness to building product conviction and purchase is part of the growth stage of the product life cycle. I</span><span>f the new product satisfies the market, it enters this  growth stage. In the growth stage the sales will start climbing quickly.</span>
6 0
3 years ago
Read 2 more answers
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