Answer:
<u>a. Zero dividend.</u>
<u>b. 3.5 new shares</u>;
<em>texes will be paid.</em>
<u>Explanation:</u>
a. March 20 is a date earlier than when the dividends are too be paid on April 18, and as such Wilfred Nadeau<em> will not</em> receive any dividend if he sells his stocks since he no longer has ownership of them.
b. 45 cents dividends per 300 stocks of Wilfred is $135 (reinvestment dividend plan).
With a discount of 3.4% at $39.8 (3.4%*39.8) current price per stock makes the total cost per stock after discount= $38.4.
Dividing the reinvestment dividend plan over the discounted price (135/38.4) = 3.5 new shares, According to the requirements of law the investor must still pay tax annually on his or her dividend income, whether it is received as cash or reinvested.
Answer:
Option C Incorrect; adjusting for price changes, his salary is less than his dad's salary
Explanation:
Adjustment to price changes = (Amount received n years ago divided by Price Index n years ago) * Price Index today
Adjustment To price changes = ($28,000 / 110.8) * 180.5 = $45613.7
The amount $28,000 is worth $45,613.7 in todays value which means that if we adjust for price changes, Dave is incorrect because his salary is worth less by an amount $613.7 from his father's salary.
Answer and Explanation:
The classification is as followS:
<u>Transactions Accrual basis Cash basis </u>
1. Cash received in advance Not record record the revenue
2. Purchase supplies Not record Not record the expense
3. Received cash for services record revenue record revenue
4. Perform services Record revenue Not record the revenue
5. Pay cash for the supplies Not record record the expense
In this way it should be classified
Almost positive the answer would be <span>concept that people may decide what agreements they want to enter into</span>
A cash payment received from a customer for a product purchased on account would be recorded as DEBIT TO CASH AND CREDIT TO ACCOUNT RECEIVABLE. Cash is debited because cash has been received by the company and it has to be debited to the asset account of cash. The account receivable is credited to record the fact that money has been received.