Answer:
a. 105.
b. $2.
c. 30%.
Explanation:
a. How many shares of common stock will you own after the stock split?
Stock split is a policy applied by the board of directors of a company that consists in increasing the number of outstanding shares by delivering more shares to current shareholders. To find the new amount of shares, we simply multiply the original number of shares by the magnitude of the split, in this case 3/2:
b. What new cash dividend per share amount will result in the same total dividend income as you received before the stock split?
The first thing we should do is find the dividend income before the stock split:
Dividend Income = 210
Now, this income is divided by the new amount of shares, in order to find the new cash dividend per share:
(NCD = New Cash Dividend)
Therefore, the dividend that should be paid per share to maintain the same total dividend income is $2.
c. What stock dividend percentage could have accomplished the same end result as the 3-for-2 stock split?
To find this value, we must follow this formula:
Where:
SD= Stock Dividend (Percentage).
ND= New Dividend.
OD= Original Dividend.
We replace the values:
Therefore, the stock dividend percentage is 30%.
<span>A life insurance
policy can either be a participating policy where the policy pays the dividend
or it can be a nonparticipating policy where the policy has guaranteed premiums. About 95% of the U.S. life insurance
companies are stock companies.</span>
The monthly overhead of the pharmacy is <u>$52,875</u>.
<h3>What is the overhead?</h3>
The overhead refers to the costs or expenses for running a business. These expenses cannot be traced to any product or service unit
They tend to be mostly fixed in nature, though, some may exhibit semi-variable characteristics.
Some of the overhead costs include:
Rent
Utilities
Insurance
Office Supplies
Travel expenses
Salaries and wages
Advertising expenses
Accounting and legal expenses.
<h3>Data and Calculations:</h3>
Monthly sales $278,000
Inventory purchases $186,000
<h3>Overhead costs:</h3>
Salaries and wages $49,000
Utilities $2,000
Insurance $1,200
Maintenance $675
Total overhead = $52,875
Thus, the monthly overhead of the pharmacy is <u>$52,875</u>.
Learn more about overhead costs at brainly.com/question/26454135
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Answer:
Option B Borrow using short-term notes payable and use the proceeds to reduce long-term debt
Explanation:
The formula for calculating current ratio is as under:
Current Ratio = Current Assets / Current Liabilities
Now the option which will either increase the current liability only (Denominator) or decrease the current assets only (Nominator) will be the right answer because the answer will decrease the current ratio.
Option B So if the company borrows money from its short term loan (current liabilities) to pay its long term debt which will increase its current liabilities and non-current liabilities. So in the nutshell will only increase the denominator (current liabilities) which will decrease the current ratio. So it is the right option. The rest of the options either increase both current assets and current liabilities or decrease both current assets and current liabilities.
Answer:
D. A complete record of all transactions in chronological order from which transaction amounts are posted to the ledger accounts.
Explanation:
A general journal -
It refers to a notebook , which helps to list all the transactions , any accounting information , in a regular manner , is referred to as a general journal .
The journal is used to get the information or data from the past for a specific date and time .
This enable to collect the data in a brief and precise manner .
Hence , from the given information of the question ,
The correct option is D.