Answer:
The journal entry is as follows:
Retained earnings A/c Dr. $18 million
To common stock $0.30 million
To capital paid in excess A/c $17.70 million
(To record the stock dividend issued at 1%)
Working notes:
Shares issued = 1% of 30 million
= 0.30 million
Retained earnings:
= 0.30 million × $60 per share
= $18 million
Common stock:
= 0.30 million × $1 par value
= $0.30 million
Capital paid in excess:
= Retained earnings - Common stock
= $18 million - $0.30 million
= $17.7 million
Answer:
engaged in health promotion at the highest level of organizational commitment
Explanation:
As it is mentioned in the question that ReNaPro Inc i.e is a multinational marketing agency that provided its employees a health educational program. In addition, it also regularly offers health promotions and offered incentives.
So here ReNaPro engaged in the promotion of health for the highest level of organisational commitment
Answer:
core competency
Explanation:
Based on the information provided within the question in regards to the situation at hand it can be said that the iPad was a core competency for Apple. This term refers to the use of a company's resources and skills to create something in order to set it apart and give the company a competitive advantage in a market. Which is exactly what the iPad did for Apple.
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Answer:
Online actions are not always, but many times a fraud. The Federal trade commission (FTC) warns about them in their website because a lot of people fall for them every year. If the seller doesn't accept a credit card, you can try another online payment method like PayPal, but never send cash or any check.
Answer:
Option (D) is correct.
Explanation:
Given that,
Dividend, D0 =$1.20
Price, P0 = $50.00
Growth rate, g = 6% (constant)
Based on the DCF approach, then
Cost of Equity:
= [D0 × (1 + g) ÷ P0] + g
= [(1.20 × (1 + 0.06)) ÷ 50] + 0.06
= (1.272 ÷ 50) + 0.06
= 0.02544 + 0.06
= 0.08544 or 8.54%
Hence, the cost of equity from retained earnings is 8.54%.
