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Pani-rosa [81]
3 years ago
12

Marigold corp. has 634000 shares of $10 par value common stock outstanding. during the year marigold declared a 13% stock divide

nd when the market price of the stock was $46 per share. two months later marigold declared a $0.60 per share cash dividend. as a result of the dividends declared during the year, retained earnings decreased by: $ 505000. $3791320. $ 429852. $4221172.
Business
1 answer:
Vera_Pavlovna [14]3 years ago
3 0

No. of shares outstanding before stock dividend = 634000

Price per share = $46

Stock dividend issued (shares issued) = 634000 x 13%

= 82,420

Value of stocks issued as stock dividend = 82420 x $46 = $3,791,320

No. of shares outstanding after stock dividend = 634,000 +82,420

=716420

Cash dividend = 716420 x 0.60

= 429,852

Total reduction in retained earnings = total value of dividend issued

= $3,791,320 + $429,852

= $4,221,172

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Answer:

Option D. Both A and B

Explanation:

The reason is that the investment that are readily convertible to cash are less risk and as a result the investors are compensated with lower returns and vice versa. So the only statement that is not false statement is option C and the statement A and B are False.

8 0
3 years ago
Cedar Designs Company, a custom cabinet manufacturing company, is setting standard costs for one of its products. The main mater
Anna007 [38]

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$29.00

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7 0
3 years ago
Analysis of Receivables Method At the end of the current year, Accounts Receivable has a balance of $420,000; Allowance for Doub
Fiesta28 [93]

Answer and Explanation:

The computation is shown below:

a. Amount of adjusting entry for uncollectible accounts

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= $16,400 + $4,000

= $20,400

b. Adjusted balances

For account receivable

= account receivable

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For allowance for doubtful debts

= Estimated amount

= $16,400

For bad debts

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c. Net realizable value

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= $420,000 - $16,400

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8 0
3 years ago
Assume that a college student spends her income on Coke and Snickers. During finals week, the price of a Snickers candy bar is $
Ratling [72]

Answer:

The answer is: 10 Snickers bars and 20 cans of Coke.

Explanation:

To find out what combination she can buy with her total income ($32.50) we can just multiply the price of each product by its quantity;

  • If she buys 24 snickers bars and 12 cans of coke she will spend:

        (24 x $0.75) + (12 x $1.25) = $33     SHE CAN´T AFFORD TO BUY

  • If she buys 24 snickers bars and 12 cans of coke she will spend:

        (22 x $0.75) + (14 x $1.25) = $34     SHE CAN´T AFFORD TO BUY

  • If she buys 24 snickers bars and 12 cans of coke she will spend:

        (15 x $0.75) + (18 x $1.25) = $33.75     SHE CAN´T AFFORD TO BUY

  • If she buys 24 snickers bars and 12 cans of coke she will spend:

        (10 x $0.75) + (20 x $1.25) = $32.50    <u> </u><u>SHE CAN AFFORD TO BUY</u>

8 0
3 years ago
What impact did the rise of the middle class in the late nineteenth century have on the demand for consumer goods?
RoseWind [281]

Answer:

The middle class created a high and sustained demand  for consumer goods

Explanation:

Before the advent of the industrial revolution, the social stratification of society is such that either you are in the lower class of the poor or you are  part of the rich in the upper class. The industrial revolution of late 18th and early 19th centuries saw the springing up from the lower class a new set of wealthy and educated individuals which were later termed the middle class

This reach men and women are able to buy goods needed to satisfy their newly found social status which boost demand for new and quality goods produced as a result of industrial revolution.

7 0
3 years ago
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