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kupik [55]
2 years ago
7

Swifty Corporation has 46,500 shares of $13 par value common stock outstanding. It declares a 15% stock dividend on December 1 w

hen the market price per share is $18. The dividend shares are issued on December 31. Prepare the entries for the declaration and issuance of the stock dividend. (
Business
1 answer:
Olin [163]2 years ago
4 0

Answer:

Common stock dividend distributable = Par * Number of shares * % dividend

= 13 * 46,500 * 15%

= $90,675

Stock Dividend = Number of shares * market price * % dividend

= 46,500 * 18 * 15%

= $125,550

Date          Account Title                                                 Debit               Credit

Dec, 1        Stock Dividend                                          $125,550

                 Common Stock Dividend Distributable                            $90,675

                  Paid in Capital in excess of Par-                                       $34,875

                  Common stock

Date          Account Title                                                 Debit               Credit

Dec, 31      Common Stock Dividend Distributable     $90,675

                 Common Stock                                                                  $90,675

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garri49 [273]

Answer:

acountability, kill bureaucracy before it starts - more functions, fewer departments, more “teams,” fewer committees, open lines of communication, the customer is everybody’s responsibility, never stop “re-inventing” the business.

Explanation:

8 0
3 years ago
The primary goal of any marketing communication is to get the consumer to buy the product.
o-na [289]

The primary purpose of any marketing communication is to get the purchaser to buy the product. b) false

The final purpose of a marketing communique is to increase sales of your company's services and products. while you stay in contact with customers, deal with them as valued assets, and invite remarks, you construct the muse for worthwhile lengthy-term relationships.

Advertising is any paid shape of verbal exchange from a recognized sponsor or source that attracts interest to ideas, goods, services, or the sponsor itself- basically classified ads and advertisements (whether or not digital or print).

Marketing Communications specialists attention to their company's product or service to face out among competitors, so ability clients note them. They communicate with clients and advertise to new ones via social media and other online systems.

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7 0
2 years ago
Variable costs as a percentage of sales for Lemon Inc. are 71%, current sales are $551,000, and fixed costs are $207,000. How mu
MAVERICK [17]

Answer: a.$10,904 increase

Explanation:

Operating income before sales increase:

= Sales - Variable costs - Fixed costs

= 551,000 - (71% * 551,000) - 207,000

= -$47,210

Operating income after sales increase:

Sales increases to:

= 551,000 + 37,600

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= 588,600 - (71% * 588,600) - 207,000

= -$36,306

Difference:

= -47,210 - (-36,306)

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7 0
3 years ago
Bridgeport Inc. wishes to accumulate $1,092,000 by December 31, 2030, to retire bonds outstanding. The company deposits $168,000
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Answer: $9,479

Explanation:

The number of periods = 10 years * 4 quarters = 40 periods

Interest per quarter = 10%/4 = 2.5%

$168,000 has been deposited. The value of this cash after 10 years is;

= 168,000 ( 1 + 2.5%) ^ 40

= $451,090.72

Out of $1,090,000, the amount remaining is;

= $1,090,000 - 451,090.72

= $638,909.28‬

They need to deposit an annuity per quarter to get to $638,909.28‬.

Future Value of Annuity = Annuity * ([1 + I]^N - 1 )/I

638,909.28‬ = Annuity * [(1+0.025)^40 - 1] /0.025

638,909.28 = Annuity * 67.40255

Annuity = 638,909.28/67.40255

= $9,479

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3 years ago
The united states and kenya are exploring the possibility of a trade deal. ________ refers to a situation in which a government
snow_tiger [21]

Free trade refers to a condition in which a country does not attempt to limit what its citizens can buy from or sell to another country.

<h3>Free trade</h3>

They can extend new markets, increase gross domestic product, and invite new acquisitions.Countries must negate the domestic advantages of free trade agreements with their results.

Under a free trade policy, goods and services can be purchased and sold across international borders with little or no government tariffs, quotas, grants, or prohibitions to inhibit their exchange. The idea of free trade is the opposite of economic isolationism.

To learn more about economic isolationism visit the link-

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5 0
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