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3 years ago

Question 1 of 10

Business

1 answer:

Levart [38]3 years ago

4 0

Answer:

D. Dividends Payable

Explanation:

On the day dividends are declared, the amount declared is debited to the retained earnings accounts and credited to the dividend payable accounts. The dividends have not yet been paid, meaning the money is still with the company. For this reason, the cash account.

A dividend is not an expense, so there can never be a dividend expense account.

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The budget components for Park Company for the quarter ended June 30 appear below. Park sells trash cans for $12 each. Budgeted

Dmitry [639]

Answer:

$96,000

Explanation:

Production 26,000 units

<u>Materials Purchase Budget</u>

Production Materials Required (5×26,000 units) 130,000

Add Budgeted Closing Materials (50,000×20%×5) 50,000

Total Materials 180,000

Less Budgeted Opening Inventory (4,000×5) (20,000)

Budgeted Materials 160,000

Material Cost per pound $0.60

Total Material Cost $96,000

Therefore, the materials purchases budget will be for the month ending April 30 will be $96,000.

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3 years ago

Which of the following government actions would increase the supply of cars in the United States?a. the establishment of an exci

yaroslaw [1]

I think it would be the third option

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3 years ago

To segment markets means to distinguish customers or markets according to common characteristics.

guapka [62]

Your answer is true that is what a segmented market is

7 0

3 years ago

What are the positive feedbacks for NEWS ANCHORS?

Alisiya [41]

Answer:

Excellent verbal, written, improvisational, and interviewing skills are imperative. Add to those qualities persistence and objectivity, physical stamina, being a team player, projecting a professional image, and having a knowledge of social media. News anchors also need to be able to think on their feet.

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3 years ago

Phipps Company borrowed $25,000 cash on October 1, 2016, and signed a nine-month, 8% interest-bearing note payable with interest

anzhelika [568]

Answer:

The correct option is C,$500

Explanation:

The amount of interest accrual is the interest on the sum borrowed from October 1 2016 to 31 December 2016,that is 3 months of interest,which is computed below:

Accrued interest =principal*stated interest rate*number of accrued months/12

principal is $25,000

stated interest is 8%

number of accrued months is 3

accrued interest =$25,000*8%*3/12=$500

The accrued interest is to be debited interest expense because it is an increase in expense and credited to interest payable as a liability

5 0

3 years ago