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svet-max [94.6K]
3 years ago
11

The stockholders' equity of Oriole Company at July 31, 2021 is presented below: Common stock, par value $20, authorized 400,000

shares; issued and outstanding 159000 shares $3180000 Paid-in capital in excess of par 160000 Retained earnings 646000 $3986000 On August 1, 2021, the board of directors of Oriole declared a 15% stock dividend on common stock, to be distributed on September 15th. The market price of Oriole's common stock was $72 on August 1, 2021, and $78 on September 15, 2021. What is the amount of the debit to retained earnings as a result of the declaration and distribution of this stock dividend
Business
1 answer:
WINSTONCH [101]3 years ago
3 0

Answer: $1,717,200

Explanation:

The amount of the debit to retained earnings as a result of the declaration and distribution of this stock dividend will be:

= 15% × 159,000 × $72

= 0.15 × 159,000 × $72

= $1,717,200

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Derozan Corp. manufactured equipment at a cost of $366,953 and leased it to B Corp. on January 1, 2019 for an eight-year period
Pachacha [2.7K]

Answer: $‭726,957.6‬0

Explanation:

The debit to Lease Receivable is the present value of the payments to be made by B Corp. for the 8 years.

Payments are made twice a year so period is 16 periods.

Rate = 8% /2

= 4%

Present value = Payments * Present value of an annuity due factor, 16 periods, 4%

= 59,980 * 12.12

= $‭726,957.6‬0

7 0
3 years ago
Jacobs Company has inventory of 15 units at a cost of $12 each on June 1. On June 5, Jacobs purchased 10 units at $13 per unit.
vekshin1

Answer:

$210

Explanation:

Date    Description   Units  Price  Total Balance

1-Jun    Opening        15   $12   $180   $180  

5-Jun    Purchase      10      $13     $130          $310  

12-Jun   Purchase      20     $14     $280         $590  

17-Jun   *Sale             -30               -$380        $210  

*Working

Sale

Date          Units   Price     Total

17-Jun       -15 $12   $(180)  

                -10   $13   $(130)  

                -5   $14   $(70)  

Total Sale -30           -$380  

So, the correct answer is $210.

3 0
3 years ago
Choose all that apply. To avoid financial risks, you should _____. obtain health insurance
Leni [432]
I believe the answer here is B. Answer choices (A, E,F,G) Were good but you want to know how to AVOID financial risk. If you protect your personal info. you have nothing to worry about! Hope this helps :)
5 0
3 years ago
Read 2 more answers
Individual activities and their durations are developed during the ________ phase of the project life cycle.
salantis [7]

Individual activities and their durations are developed during the planning phase of the project life cycle.

<h3>What is a business plan?</h3>
  • A business plan is a document that outlines a company's primary business operations and how it intends to accomplish its objectives.
  • Business plans are used by startup enterprises to gain traction and draw in outside investors.
  • An executive team can utilize a business plan as an internal roadmap to maintain focus on and progress toward short- and long-term goals.
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To learn more about Planning, refer to the following link:

brainly.com/question/27989299

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6 0
1 year ago
Carver Corporation produces a product which sells for $40. Variable manufacturing costs are $18 per unit. Fixed manufacturing co
son4ous [18]

Answer:

$16

Explanation:

The computation of contribution margin per unit is shown below:-

For computing the contribution margin per unit first we need to find out the selling commission which is shown below:-

Selling commission = Sold product × Selling commission percentage

= $40 × 15%

= $6

Now, Contribution margin = Sales - Variable costs

=$40 - ($18 + $6)

= $40 - $24

=$16

7 0
3 years ago
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