Dr Retained Earnings $5400
Cr Common Dividends Payable $5400
is the journal entry.
<h3>What is
outstanding share?</h3>
Share outstanding concerns to the company's current stock, which is occurred by the all of its shareholder. including fund managers' share blocks and restrictive investments made by the company's officials and personnel.
On a any company's balance sheet, Capital Stock is the main heading in which outstanding shares are listed.
Thus, the journal entry has passed above.
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Good managers demonstrate commitment to ethical business practices with great leadership, authority, and responsibility.
Answer:
The projected net income of the proposed investment is $53,200.
Explanation:
Answer:
Ames should reduce the lease liability by $17,000
Explanation:
There are two components of lease payment:
- Interest expense
- Amount paid against lease obligation.
Annual Lease = $40,000
Carrying amount at the beginning of the period = ( $270,000 – $40,000 ) = $230,000
Interest is calculated by multiplying the carrying amount with annual interest rate.
Interest expense = $230,000 x 10% = $23,000
Reduction in liability is the net of Lease payment and Interest expense for the period.
Reduction in lease liability = $40,000 - $23,000 = $17,000
Answer:
7,800 units
Explanation:
Contribution margin per unit = 60,000 / 6,000 units
Contribution margin per unit = $10 per unit
Number of Units = (Target Profit + Fixed Expense) / Contribution margin per unit
Number of Units = ($24,000 + $54,000) / $10
Number of Units = $78,000 / $10
Number of Units = 7,800
So, the number of units that must be sold to achieve a target profit of $24,000 is 7,800 units
