25,000 shares authorized
12,000 shares issued
10,000 shares of common stock outstanding
0.50 per share cash dividend on its common stock outstanding
Declaration of dividends on its common shares.
10,000 * 0.50 = 5,000
Debit Credit
Retained Earnings 5,000
Dividends Payable 5,000
Answer:
<u>C. The company has a very poor turnover of assets and collects its receivables quickly; thus there are some concerns from these ratios. D</u>
<u>Explanation:</u>
Let's be mindful that turnover here refers to <em>revenue</em>, while receivables refer to<em> amounts owed to the company</em>. So, If the company has a very poor turnover of assets it means it isn't making much revenue, and it is collecting its receivables quickly implying there are some concerns (imbalances) from these ratios.
Therefore, the managers of Tyler Toys or the shareholders need to work out a solution.
Based on the transaction that Sally engaged in, recording it will involve:
- Debiting cash for $10,000.
- Crediting equity for $10,000.
<h3>Recording Sally's transaction. </h3>
- The cash transaction is an investment which will be recorded in the Shareholder's Equity account.
- The investment came in cash so will go to the cash account.
When cash is increased as was the case here, it should be debited. When equity increases as was the case here once more, it is to be credited.
Find out more on shareholder's equity at brainly.com/question/26384373.
It's a business level strategy. This is to take <span>actions to provide value to customers and gain a competitive advantage.
Hope this helps!</span>
Answer:
intervene and tell the supervisor you had assumed responsibility for the paperwork and forgot
Explanation:
The golden rule is based on a principle of reciprocity and it states that one should treat others the way they want to be treated.
Different religions overtime have the same principle embedded in their doctrines.
In the given scenario where a coworker told you to compete some work for him before leaving and you failed to do so, when the coworker is being reprimanded you should take responsibility for the paperwork and say you forgot.
This is only fair on your coworker seeing it wasn't his fault the work was not done.
Also when you treat people fairly you can also be expected to be treated fairly too.
