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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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What advice would you give to anyone who thinks they are going to be terminated from their employment?
nalin [4]

Answer:

✓ Do not panic

✓ ask your employer for a honest feedback

✓Initiate a conversation in a neutral setting with your boss

✓Don't trust everything your boss says

✓Do your best work possible

✓Step up your game

✓Keep your boss and others in the loop

4 0
3 years ago
Ramona Company has the following labor-related data.Standard labor hours for output: 15,000 hoursStandard labor rate: $10 per ho
Alik [6]

Answer:

E. $25,000 unfavorable

Explanation:

The labor efficiency variance shall be calculated using the following formulas:

Labor efficiency variance=((Standard labor hours used to make the actual production )- (Actual labor hours used to make the actual production))* standard rate per hour

Standard labor hours used to make the actual production=15,000

Actual labor hours used to make the actual production=17,500

standard rate per hour=$10 per hour

Labour efficiency variance=(15,000-17,500)*10

                                           =25,000 unfavourable

So based on the above discussion, the answer shall be E. $25,000 unfavorable

8 0
3 years ago
If a firm has set up a revolving credit agreement with a bank, the risk to the firm of being unable to obtain funds when needed
Paladinen [302]

Answer:

True

Explanation:

the risk to the firm of being unable to obtain funds when needed is lower than if it had an informal line of credit.

3 0
3 years ago
A survey of regular customers by Raufel Electronics revealed an increased interest in lifestyle products. Customers were more in
attashe74 [19]

Answer:

demand analysis

Explanation:

That's the right answer. Hope that helps.

8 0
2 years ago
Kyzera manufactures, markets, and sells cellular telephones. The average total assets for Kyzera is $250,000. In its most recent
love history [14]

Answer:

1. 26%

2. YES

3. $410,000

4. $250,000

Explanation:

1. Return on Assets = Net Profits/ Total Assets = 65,000/250,000 = 26%

2. Return on Assets should be beyond satisfactory for Kyzera because its performance is better than that of the industry average which is 12%

3. Total expenses for Kyzera can be derived from the formula: Total Revenue - Total Expenses = Net Profit.

Therefore 475,000 - Total expenses = 65,000.

Total expenses = 475,000 - 65,000 = $410,000

4. The average total amount of liabilities plus equity can be derived from the balance sheet equation that states that TOTAL ASSETS = EQUITY+LIABILITIES.

Therefore liabilities plus equity = $250,000

8 0
3 years ago
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