1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
pogonyaev
3 years ago
13

A company with 82,146 authorized shares of $5 par common stock issued 31,717 shares at $14 per share. Subsequently, the company

declared a 2% stock dividend on a date when the market price was $26 a share. What is the amount transferred from the retained earnings account to paid-in capital accounts as a result of the stock dividend
Business
1 answer:
Kazeer [188]3 years ago
7 0

Answer:

$16,492.84

Explanation:

Calculation to determine the amount transferred from the retained earnings account to paid-in capital accounts as a result of the stock dividend

Amount transferred to Paid-in capital accounts=(Common stock*Stock dividend declared percentage)*Market price

Let plug in the formula

Amount transferred to Paid-in capital accounts=(31,717 shares*2%)*$26 per share

Amount transferred to Paid-in capital accounts=634.34*$26 per share

Amount transferred to Paid-in capital accounts=$16,492.84

Therefore the amount transferred from the retained earnings account to paid-in capital accounts as a result of the stock dividend is $16,492.84

You might be interested in
The CFO of company ABC wants to give every employee a 3% raise, but would like a report to confirm if this is possible. Write an
katrin [286]

Answer:

For such a report , the sql query required would be:

SELECT emp_id, curr_salary, curr_salary*1.03 AS inc_salary FROM Employee;

Explanation:

For such a report , the sql query required would be:

SELECT emp_id, curr_salary, curr_salary*1.03 AS inc_salary FROM Employee;

In the above  sql query  employee id is emp_id , curr_salary is the current salary column.  "curr_salary*1.03" is been made because an increment of 3% means salary + salary*3% , that is , salary*1.03.

4 0
3 years ago
.In 2027, instead of cashing in the bond for its then current value, you decide to hold the bond until it doubles in face value
cricket20 [7]

Answer:

The question is not complete,find below complete questions:

If you purchased a $50 face value bond in early 2017 at the then current interest rate of .10 percent per year, how much would the bond be worth in 2027? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. In 2027, instead of cashing the bond in for its then current value, you decide to hold the bond until it doubles in face value in 2037. What annual rate of return will you earn over the last 10 years?

The bond is worth $50.50 in the year 2027

The annual rate of return is 7.07%

Explanation:

The future value of the bond is given by the below formula:

FV=PV*(1+r)^N

where PV  is the present of the bond of $50

r is the rate of return of 0.10 percent=0.001

N is the duration of the bond investment of 10 years

FV=50*(1+0.001 )^10

FV=$50.50

However for the face of the bond to double i.e to $100, the rate of return can be computed thus:

r=(FV/PV)^(1/N)-1

where FV=$100 (double of $50)

FV=$50.50(current value in 2027)

N=10

r=($100/$50.50)^(1/10)-1

r=0.070707543

r=7.07%

5 0
3 years ago
If demand increases and supply stays the same, there will be a _____. Lower equilibrium price and quantity lower equilibrium pri
lozanna [386]

Answer:

Higher equilibrium price and lower quantity

Explanation:

If demands increases and the supply remains same then the equilibrium price of the quantity increases decreases the equilibirium quantity due to high demand of quantity.

Therefore, Correct option is (d) i.e., higher equilibrium price and lower quantity

6 0
3 years ago
Read 2 more answers
Raymond owns an orchard. He has found that his distribution network is strongest in Mexico, and that is where he makes the most
Keith_Richards [23]
C. arrange for retailers to pick up the fruits
5 0
3 years ago
Because of the principles of keynesianism, the entire new deal was founded on the concept of _____________ ____________ to stimu
algol13

Because of the principles of Keynesianism, the entire new deal was founded on the concept of deficit spending to stimulate the economy and end the depression.

Keynesians contend that because prices are somewhat rigid, changes in any aspect of spending, including government, investment, or consumer spending, affect output. According to Keynesian economics, a healthy economy spends or invests more than it saves and that demand drives supply. Keynes believed that governments should increase spending even if it means going into debt in order to generate jobs and increase consumer purchasing power during a recession. Deficit spending is when the federal budget deficit for a given year is calculated as the difference between the federal government's outlays (also known as outlays) and its tax revenue (also known as revenue). An annual surplus rather than a deficit occurs when the government raises more money than it spends.

More about Keynesianism brainly.com/question/15834304

#SPJ4

3 0
1 year ago
Other questions:
  • Undertaker enterprises earns $0.17 in profit on every $1 of sales and has $0.67 in assets for every $1 of sales. the firm pays o
    11·1 answer
  • If there's some evidence to support each side's position, which side does m boigues say the arbitrator will rule for?
    10·1 answer
  • What does reliability ensure? A. The system has the ability to operate in many different operating systems B. The system is easy
    13·1 answer
  • A consumer is 20 years old and expects to live to age 80. He has a current wealth of $100,000, an annual income of $100,000, and
    15·1 answer
  • The opportunity cost of attending college is likely to be highest for a high school graduate Choose one: A who is very intellige
    13·1 answer
  • If budgeted beginning inventory is $9,150, budgeted ending inventory is $10,420, and budgeted cost of goods sold is $11,110, bud
    15·1 answer
  • Hill Corporation issued $2,100,000 of 8% bonds at 98 on January 2, 2019. Interest is paid semiannually on June 30 and December 3
    7·1 answer
  • Give your suggestions to address the problems and challanges being faced by the migrant workers in foregin employment .
    15·1 answer
  • In the month of June, a department had 20,000 units in Beginning Work-in-Process that were 70% complete. During June, 90,000 uni
    6·1 answer
  • As stated in the audit report, or Report of Independent Accountants, the primary responsibility for a company's financial statem
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!