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harina [27]
3 years ago
13

Healthy Life Co. is an HMO for businesses in the Fresno area. The following account balances appear on Healthy Life’s balance sh

eet: Common stock (3,000,000 shares authorized; 2,200,000 shares issued), $15 par, $33,000,000; Paid-in capital in excess of par—common stock, $9,000,000; and Retained earnings, $89,550,000. The board of directors declared a 5% stock dividend when the market price of the stock was $18 a share. Healthy Life reported no income or loss for the current year.
A. Journalize the entries to record (1) the declaration of the dividend, capitalizing an amount equal to market value, and (2) the issuance of the stock certificates.
B. Determine the following amounts before the stock dividend was declared: (1) total paid-in capital, (2) total retained earnings, and (3) total stockholders’ equity.
C. Determine the following amounts after the stock dividend was declared and closing entries were recorded at the end of the year: (1) total paid-in capital, (2) total retained earnings, and (3) total stockholders’ equity.

Business
1 answer:
adell [148]3 years ago
8 0

Answer:

Please see attachment .

Explanation:

Please see attachment .

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Which is an example of a demand account?
Tamiku [17]

A demand deposit is an account with a bank or other financial institution that allows the depositor to withdraw his or her funds from the account without warning.

Answer is D. checking account as they allow the depositor to withdraw funds at any time.

7 0
3 years ago
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California wildfires destroy vineyards across the Napa Valley. This is during the season when wine festivals occur most often al
vladimir2022 [97]

Answer:

As a result of the wildfire, supply would fall. there would be a leftward shift of the supply curve.  the quantity supplied of wine would reduce and price would increase

as a result of the festival, there would be an increase in demand. this would lead to an outward shift of the demand curve. Thus, the quantity demanded would increase and price would increase

taking these two effects together, there would be an indeterminate change in equilibrium quantity and equilibrium price would increase

Explanation:

3 0
2 years ago
Gross pay is: Multiple Choice Deductions withheld by an employer. Salaries after taxes are deducted. Total compensation earned b
ASHA 777 [7]

Answer:

Total compensation earned by an employee before any deductions.

Explanation:

Gross pay is the total compensation earned by an employee before any deductions.

Net pay is the compensation after taxes and other deductions are removed

8 0
3 years ago
Karla's candle factory is considering two different machines. machine a is highly automated with fc of $25,000 and vc of $.1/can
ycow [4]

Karla would pick option (B) uses hand labor with fixed costs of $10,000 and variable costs of $.5/candle.

<h3>What is manufacturing?</h3>
  • Manufacturing is the process of creating or producing items using equipment, labor, machines, tools, and chemical or biological processing or formulation.
  • It is the essence of the economy's secondary sector.
  • The phrase can relate to a wide range of human activities, from handcraft to high-tech, but it is most usually applied to industrial design, which involves the transformation of raw materials from the primary sector into finished commodities on a big scale.

To find which option will Karla pick:

  • If the demand for Karla's candles is 25,000.
  • Total Cost in Machine A = 25000 + 0.1*25000
  • = $ 27500 Total

Therefore, Karla would pick option (B) uses hand labor with fixed costs of $10,000 and variable costs of $.5/candle.

Know more about manufacturing here:

brainly.com/question/26320301

#SPJ4

The correct question is given below:

Karla's candle factory is considering two different manufacturing options.

Option A is highly automated with fixed costs of $25,000 and variable costs of $.1/candle.

Option B uses hand labor with fixed costs of $10,000 and variable costs of $.5/candle.

If the demand for Karla's candles is 25,000, which option should she pick?

3 0
1 year ago
A depreciable asset was purchased for $8,000. The estimated useful life of the asset is 5 years. The estimated salvage value is
zhuklara [117]

Answer:

The estimated amount of depreciation expense is $1,500

Explanation:

Depreciation means a permanently and continuous diminution in value or quaof a tangible non-current asset. Depreciation occurs over several years. Every year a non-current asset is used, the price of that asset reduces drastically. There are various methods used to solve the rate of depreciation. There is the straight line method and reducing balance method. The question requires to be solved using the straight line method.

The formula for solving depreciation using a straight line method is ; (Cost less Estimated scrap value) ÷ Number of expected years of use.

Replacing with figures, we have: ($8,000 - $500) ÷ 5 years = $1,500. Therefore, $1,500 is our estimated amount of depreciation expense.

5 0
3 years ago
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