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madreJ [45]
3 years ago
14

The declaration, record, and payment dates in connection with a cash dividend of $54,000 on a corporation's common stock are Oct

ober 1, November 7, and December 15.
Journalize the entries required on each date. If no entry is required, choose "No Entry Required" and leave the amount boxes blank. If an amount box does not require an entry, leave it blank.
Business
1 answer:
kiruha [24]3 years ago
6 0

Answer:

October 1

Dr Cash Dividend $54,000

Cr Dividend payable $54,000

November 7

No entry

December 15

Dr Dividend payable $54,000

Cr Cash $54,000

Explanation:

Preparation of the amount journal entries

October 1

Dr Cash $54,000

Cr Dividend payable $54,000

November 7

No entry

December 15

Dr Dividend payable $54,000

Cr Cash $54,000

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Six years ago a commercial property owner paid $490,000 for her complex which included 10 acres of land valued at $100,000. Usin
Kobotan [32]

Answer:

AS land cannot be depreciated we will first subtract the value of the land from the complex so we are left with $390,000 (490,000-100,000)

In straight line method each year the asset is depreciated by the same amount so in order to find out yearly depreciation we will divide 390,000 by 40

=9750

In 6 years the complex has depreciated for $58,500

So the current value of the apartment complex would be (490,000-58500)

The current value of the apartment complex is $431500

Explanation:

3 0
4 years ago
Sarah is an accountant with desires to open her own business. she is looking for office space at a reasonable rate along with in
seropon [69]

Sarah is an accountant with desires to open her own business. she is looking for office space at a reasonable rate along with internet service. of the conditions that need to be put in place for the entrepreneurial ecosystem, she needs social and cultural norms.

Social norms are unwritten rules about how to behave but also how things 'just are' within society. Sarah is use to having internat at a rate she can afford but needs to make sure the best rate for running her business approriately is in place. These norms are similar to cultural norms that are what is unspoken to us based on the environment in which we live. They may change as the environment adapts depending on each situation.

3 0
3 years ago
Consider the following​ alternatives: i. $ 140 received in one year ii. $ 240 received in five years iii. $ 350 received in 10 y
Svetradugi [14.3K]

Answer:

Ranking 10% interest rate:

1) 5 years

2) 10 years

3) 1 year

Raking 2% interest rate:

1) 10 years

2) 5 years

3) 1 year

Raking 18% interest rate:

1) 1 year

2) 5 years

3) 10 years

Explanation:

You have to apply to bring the amount of money to present value, according with the information, the formula is the next:

Present Value = Future Value/((1+ interest rate)^(n))

Where n is the number of years that you have to wait to receive the money.

You have to calculate every situation with the respective amount of time and interest rate, the result must be money. and when you get the 9 results, you have to compare every situation and chose the higher amount of money according to the interest rate, for example:

Present value = 140/ ((1+10%)^(1))=  127    

                       =  140/ ((1+10%)^(5))=   149    

                        =  140/ ((1+10%)^(5))=   135

So the answer for the first scenario with an interest rate of 10% is:  

Ranking 10% interest rate:

1) 5 years

2) 10 years

3) 1 year

5 0
3 years ago
Seth did menial work—mostly house cleaning—when he could find it. He had been homeless for a year, and since then simply did not
Advocard [28]

Answer: Under class

Explanation:

 According to the question, Seth belongs to the under class as in the class hierarchy the underclass is one of the segment that belongs to the lowest position.

The people who belongs to the lowest or the bottom position in the society and also become the victim of the poverty in the society.

The underclass people are also comes under the economical weak section and they also lack of the educational and the social skills.  

Therefore, Underclass is the correct answer.

   

4 0
3 years ago
How to make six thousand dollars fast
yKpoI14uk [10]
Rob a bank or hack someone account
4 0
3 years ago
Read 2 more answers
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