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Ierofanga [76]
3 years ago
6

Farrah owns 5,000 shares of stock in DAS, Inc. with a market value of $15,000. DAS declares a 20% stock dividend. After the divi

dend is paid, Farrah owns :
a. 5,000 shares with a market value of $18,000.

b. 6,000 shares with a market value of $15,000.

c. 6,000 shares with a market value of $18,000.

d. 5,100 shares with a market value of $15,300.
Business
1 answer:
Assoli18 [71]3 years ago
8 0

Answer:

Number of shares own will be 6000 and market value will be $15000

So option (b) will be the correct option

Explanation:

We have given that Farrah owns 5000 shares with a market value of $15000

Now it is declare that dividend = 20 % stock dividend

Now after the dividend paid number of shares own by Farrah =5000\times 1.2=6000

As the dividend has only effect on number of shares own so the market value will be the same as $15000

So number of shares own will be 6000 and market value will be $15000

So option (b) will be the correct option

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Rainey Company's true cash balance at October 31 is $5,710. The following information is available for the bank reconciliation:
photoshop1234 [79]

Answer:

$5,400

Explanation:

We are given the cash balance per books and we are told to determine the cash balance per bank. The following formula is used to calculate the cash balance per book:

cash balance per books = cash balance per bank + notes receivable collected by bank  -  bank service charge -  NSF check

$5,710 = cash balance per bank + $1,000 - $90 - $600

cash balance per bank = $5,710 + $90 + $600 - $1,000 = $5,400

3 0
3 years ago
EB10.
SpyIntel [72]

Answer:

$34 per hour

Explanation:

Direct labor hour s:

= Labor cost ÷ Rate per hour

= $36,550 ÷ $17

= 2,150 Direct labor hours

Predetermined overhead rate :

= Overhead applied on the basis of direct labor hour ÷ Number of hours

= $73,100 ÷ 2,150 hrs

= $34 per hour

Therefore, the predetermined overhead rate using the labor rate of $17 per hour is $34 per hour.

8 0
3 years ago
An important tool in predicting the volume of activity, the costs to be incurred, the sales to be made, and the profit to be ear
SVEN [57.7K]

Answer:

Cost-volume-profit analysis.

Explanation:

An important tool in predicting the volume of activity, the costs to be incurred, the sales to be made, and the profit to be earned is cost-volume-profit analysis. It is an important tool in accounting that is used to determine how changes in differing levels of activities such as costs and volume affect a company's operating financial statements, both income and net income. It is also an accounting concept known as the break even analysis.

In order to use this cost-volume-profit analysis, accountants usually make some assumptions and these are;

1. Sales price per unit product is kept constant.

2. Variable costs per unit product are kept constant.

3. Total fixed costs of production are kept constant.

4. All the units produced are sold.

5. The costs accrued are as a result of change in business activities.

6. A company selling more than a product should simply sell in the same mix.

3 0
3 years ago
The economic definition of money​ is:_________
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Answer:

The correct answer is option A.

Explanation:

Money can be defined as an object that is widely used as a medium of exchange in economic transactions. The primary function of money is to act as a medium of exchange for goods and services.

Other than that money also performs a number of secondary functions. It acts as a store of value, unit of account and standard of deferred payments.

Money can be of different types such as commodity money, bank money, and fiat money.

5 0
3 years ago
Consider a competitive market with a large number of identical firms. The firms in this market do not use any resources that are
lozanna [386]

Answer:

a. increase price in the short run but not in the long run.

Explanation:

The firms don't use resources that are available in limited quantities. So, as firm output increases, they can use resources in higher quantity but at the same price.

Therefore, as quantity demanded increases, the firms can supply higher quantity without any increase in resource cost. So, price  increase in short run but not in the long term.

4 0
3 years ago
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