Explanation:
The journal entries are shown below:
a. Retained earning A/c Dr $3,047,320
To Paid-in capital in excess of par A/c $2635,520
To Common stock dividend distributable A/c $411,800
(Being the date of declaration is recorded)
It is computed below:
For retained earning
= 411,800 shares × $74 × 10%
= $3,047,320
For common stock, it is
= 411,800 shares × $10 × 10%
= $411,800
b. Common stock dividend distributable A/c Dr $411,800
To Common stock A/c $411,800
(Being the date of distribution is recorded)
Profit maximization can be achieved by a competitive corporation by choosing a quantity of output such that marginal revenue equals marginal cost.
<h3>How does a corporation maximize its profit?</h3>
A corporation maximizes income via way of means of operating wherein marginal revenue equals marginal price. The corporation chooses quantity in order for that rate to equal marginal value so that it can maximize its profit.
Therefore, When the marginal revenue for an aggressive corporation equals the market rate, the firm maximizes its profit.
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The term receivables turnover ratio refers to an accounting measure that quantifies an agency's effectiveness in amassing its debts receivable.
An example of turnover is whilst new employees leave, on average, once every six months. An instance of turnover is whilst a shop takes, on common, three months to sell all its cutting-edge inventory and requires new inventory. The fee at which workers in a business enterprise, sufferers in a medical institution, and many others. are replaced.
Turnover is an accounting idea that calculates how quickly a business conducts its operations. most often, turnover is used to recognize how speedy an agency collects cash from debts receivable or how speedy the organization sells its stock.
Turnover is the whole income made by means of a commercial enterprise in a positive duration. it's every now and then known as 'gross revenue' or 'earnings'. this is one-of-a-kind to earnings, which is a degree of profits.
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Answer:
The volume and surface area of the cube is 125 cm³ and 150 cm² respectively.
Explanation:
The expression for the surface area of the cube :
A = 6s²
s is the side of the cube
The expression for the volume of the cube is :
V = s³
We need to find the volume and surface area of the cube.
For surface area : S = 6(5)² = 150 cm²
For volume : V = (5)³ = 125 cm³
Hence, the volume and surface area of the cube is 125 cm³ and 150 cm² respectively.
Let's say that gasoline is subject to a $0.50 excise tax in your city. This tax affects both buyers and sellers equally.
Depending on the elasticity of demand and supply, a tax's burden is split between purchasers and sellers. Depending on their alternatives, buyers' and sellers' desire to exit the market is represented by elasticity. The relationship between supply and demand price elasticity and tax incidence is also possible. The tax burden is placed on the purchasers when supply is more elastic than demand. The cost of the tax will be borne by the producers if demand is more elastic than supply.
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