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svet-max [94.6K]
2 years ago
8

Hutter Corporation declared a $0.50 per share cash dividend on its common shares. The company has 30,000 shares authorized, 15,0

00 shares issued, and 12,000 shares of common stock outstanding. The journal entry to record the dividend declaration is:
Business
1 answer:
Natasha_Volkova [10]2 years ago
5 0

Answer:

Dr Retained Earnings $6,000

Cr Common Dividends Payable $6,000

Explanation:

Preparation of the journal entry to record the dividend declaration

Based on the information given we were told that the Corporation declared the amount of $0.50 per share cash dividend on common shares in which 12,000 shares of the common stock are outstanding, hence The journal entry to record the dividend declaration is:

Dr Retained Earnings $6,000

Cr Common Dividends Payable $6,000

(12,000*$0.50)

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In her presentation on improving employee morale, Jillian makes this statement: So far, you've heard only about the problems we
devlian [24]

Answer: Switching Directions

Explanation:

Jillian made use of the Switching direction verbal signpost during her presentation.

A verbal signpost is a statement made during a public speech, that gets the audience attention and helps them to know the direction in which the speech is going.

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3 years ago
WWhich of the following methods provides the easiest way to quickly share files and folders with other users on the network just
BlackZzzverrR [31]

Answer:

C. Public folders  

Explanation:

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In using public folder,  the user simply has to move or copy a file into a public folder to make it accessible.  

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6 0
3 years ago
A company's flexible budget for 24,000 units of production showed per unit contribution margin of $2.50 and fixed costs, $31,200
ANTONII [103]

Answer:

The operating income will be:

Total contribution($2.50 x 29,000) = 72,500

Less: Fixed cost                                = 31,200

Operating income                            = 41,300

Explanation:

The contribution per unit is $2.50. This per unit contribution will be multiplied by the number of units produced and sold in order to obtain total contribution. Operating income is the excess of total contribution over fixed cost.

6 0
3 years ago
A fall in the value of the dollar againstother currencies makes U.S. final goods and services cheaper toforeigners even though t
Mars2501 [29]

Answer: I am right, the increased demand represents a rightward shift of the aggregate demand curve.

Explanation:

The increase in aggregate demand by foreigners occurred as a result of a fall in the value of the US dollars and aggreagrate price level stayed the same. Therefore, the change in aggregate demand didn't occur as a result of a change in price.

If agregrate demand changed as a result of a change in the aggregate price levels, there would be a change in quantity demanded and a movement along the demand curve.

It's only a change in price that result results in a movement along the aggregate demand curve.

Other factors that leads to a change in demand either shifts the aggregate demand curve to the left or to the right.

Therefore, an increase in aggregate demand as a result of the fall in value of US dollars causes the aggregate demand curve to shift to the right.

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3 years ago
An economy is experiencing a high rate of inflation. The government wants to reduce consumption by $36 billion to reduce inflati
Alisiya [41]

Answer:

option c) $ 12 billion

Explanation:

Data provided :

Required reduction in consumption = $ 36 billion

MPC = 0.75

Now,

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or

the Increase in tax = $ 36 billion / 0.75

or

= $ 48 billion

the government can raise the tax = $ 48 billion - $ 36 billion = $ 12 billion

Hence, the answer is option C

5 0
2 years ago
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