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
vodomira [7]
3 years ago
5

On March 15, American Eagle declares a quarterly cash dividend of $0.045 per share payable on April 13 to all stockholders of re

cord on March 30. Required: Record American Eagle's declaration and payment of cash dividends for its 226 million sharesOn March 15, American Eagle declares a quarterly cash dividend of $0.045 per share payable on April 13 to all stockholders of record on March 30. Required: Record American Eagle's declaration and payment of cash dividends for its 226 million shares
Business
1 answer:
Galina-37 [17]3 years ago
4 0

Answer:

Explanation:

The journal entries are shown below:

On March 15

Dividend A/c Dr  $10,170,000               (226,000,000 shares × $0.045)

      To Dividend payable A/c    $10,170,000      

(Being cash dividend declared)  

On March 30

No entry

April 13

Dividend payable A/c    $10,170,000    

          To Cash A/c   $10,170,000    

(Being the payment of cash dividend is recorded)

You might be interested in
Which term describes a category of attacks that generally are conducted over short periods of time (lasting at most a few months
Advocard [28]

Complete Question:

Which term describes a category of attacks that generally are conducted over short periods of time (lasting at most a few months), involve a smaller number of individuals, have little financial backing, and are accomplished by insiders or outsiders who do not seek collusion with insiders?

Group of answer choices.

A. Critical infrastructure category

B. Unstructured threat category

C. Highly structured threat category

D. Structured threat category

Answer:

B. Unstructured threat category.

Explanation:

An unstructured threat category is a term which describes a category of attacks that generally are conducted over short periods of time (lasting at most a few months), involve a smaller number of individuals, have little financial backing, and are accomplished by insiders or outsiders who do not seek collusion with insiders.

3 0
3 years ago
Walker Company prepares monthly budgets. The current budget plans for a September ending inventory of 30,000 units. Company poli
densk [106]

Answer:

Merchandise purchases budget explanations only.

Explanation:

Hi, your question has missing information, however i have supplied explanations below.

A purchases budget is required to determine the quantities of purchases required for :

  1. Resale - For Merchandisers
  2. Use in Production in case of Manufacturer

Here is the structure of the merchandise purchases budget for Walker Company (Merchandiser).

<u>Merchandise purchases budget </u>

                                                                       Month

Budgeted Sales                                                  x

Add Budgeted Inventory                                   x

Total Purchases needed                                    x

Less Budgeted Opening Inventory                  (x)

Budgeted Purchases                                          x

As stated by the question : <em>Company policy is to end each month with merchandise inventory equal to a specified percent of budgeted sales for the following month.</em>

<em>Ending Inventory = Next months` sales x required percentage</em>

Ending Inventory for one month say July becomes Opening Inventory for the following month (August) for our merchandise purchases budget.

5 0
3 years ago
In determining basic earnings per share, dividends on nonconvertible cumulative preferred stock should be:a. deducted from net i
DiKsa [7]

Answer:

b. deducted from net income whether declared or not

Explanation:

The formula to compute the basic earning per share is shown below:

Basic earning per share = (Net income - preferred stock dividend) ÷ (weighted average of outstanding shares)

In the case of the non- convertible cumulative preferred stock, the dividend should be paid whether the business earns profit or loss. If the business does not earn any profit during a particular year, in that period the dividend amount is carried forward to next year.

So, the dividend arrears are to be paid to the cumulative preferred stock.

4 0
3 years ago
Participating in extracurricular activities in hush school helps
slavikrds [6]
You with college applications
5 0
3 years ago
A policy that provides coverage for losses over an extended period of time up to a maximum benefit limit is known as a(an):
Tom [10]

Answer:

A policy that provides coverage for losses over an extended period of time up to a maximum benefit limit is known as Lifetime Limit Policy.

Explanation:

This policy is also know as Lifetime Maximum Benefit or Maximum Lifetime Benefit Policy where an insured individual will get paid the maximum amount of any health plan during his entire lifetime.

This policy has proved much beneficial for the people because they get a sign of relief without any kind of worry, if their medical treatment exceeds their allocated or allowed limit.

These policies particularly are limited only to the essential medical services,  but here it needs to be defined what does this essential services means. Because the services considered as essential by one person might not be of the same importance for another person.

4 0
3 years ago
Other questions:
  • If you had $1,000 to invest into the following funds, which one would have the highest value (not including any fees) at the end
    10·2 answers
  • The fallacy of _____ is arguing erroneously that what can be said of the whole can be said of the parts.
    5·1 answer
  • On January 1, year 2, Connor Corporation signed a $100,000 noninterest-bearing note due in three years at a discount rate of 10%
    5·1 answer
  • Which of the following teams is more likely to be made up of employees from about the same hierarchical level but different work
    11·1 answer
  • Which of the following is a con of buying a franchise?
    9·1 answer
  • A paint manufacturing company has three factories located in France, Germany, and Spain. The productivity data of the factories
    5·1 answer
  • Jocelyn contributes land with a basis of $60,000 and fair market value of $90,000 and inventory with a basis of $5,000 and fair
    9·1 answer
  • How does increased competition through FDI in the form of greenfield investments affect the host country
    10·1 answer
  • The following financial information is from Bronco Company. All debt is due within one year unless stated otherwise. Retained Ea
    10·1 answer
  • A key element of customer relationship management is to: Group of answer choices keep the price of goods as low as possible. dev
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!