Answer:
Explanation:
The journal entries are shown below:
We assume the shares outstanding is 513,000 shares
On May 20
Dividend A/c Dr $256,500 (513,000 shares × $0.50)
To Dividend payable A/c $256,500
(Being cash dividend declared)
On June 14
No entry
On July 14
Dividend payable A/c Dr $256,500
To Cash A/c
$256,500
(Being the payment of cash dividend is recorded)
On July 31
Retained earning A/c Dr
$256,500
To Dividend A/c
$256,500
(Being cash dividend declared)
10 million years ago the distance between what is today New York City, and London, England was closer than today.
<h3>What do the movement of tectonic plates cause?</h3>
There are several effects of tectonic plates constantly being in motion and one of them is that continents are moving further away from each other.
Places that were closer to each other millions of years ago are no longer close to each other. One example is New York City which would have been closer to London if this were 10 million years ago.
Options for this question include:
- closer than today
- further than today
- same distance as today
Find out more on the movement of continents at brainly.com/question/12864737
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Answer:
b. the princpal paid for the one-year loan will be higher than the princpal paid for the four-year loan
d. the interest charges for the one-year loan will be lower than the interest charges for the four-year loan
Explanation:
Sam is comparing the costs of two loans.
The principal amount of each loan is $5,000.
One is due in one year and the other is due in four years.
Both have the same stated rate of annual interest.
Two of the following are true:
<u>b. the principal paid for the one-year loan will be higher than the principal paid for the four-year loan.</u>
Considering the time value of money, $5000 principal repayment in one year time discounted at 5% will be 5000/1.05^1 = $4,761 but if repaid in 4 years = 5000/ 1.05^4 = $4,113.5
d. the interest charges for the one-year loan will be lower than the interest charges for the four-year loan
5% on 5,000 for 1 year = $250 but if paid for 4 years will be 250 x 4 = $1000
Answer:
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