Answer:
The amount of cash for the payment of dividends during the year is B. $40,000
Explanation:
To Determine the amount of cash for the payment of dividends during the year, we open a Dividends Payable T - Account and find the amount via <em>missing figure approach</em> as follows:
Debits :
Cash (<em>Balancing figure</em>) $40,000
Ending of year Dividends Payable $15,000
Totals $55,000
Credits :
Beginning of year Dividends Payable $10,000
Dividends declared during the year $45,000
Totals $55,000
Answer:
8%
Explanation:
The formula to compute the cost of common equity under the DCF method is shown below:
= Current year dividend ÷ price + Growth rate
where,
Current year dividend is $2
Price is $40
And, the growth rate is 3%
Now put these values to the above formula
So, the cost of equity would equal to
= $2 ÷ $40 + 3%
= 0.05+ 0.03
= 8%
Well there are many decisions you can make with your money such as use it for a good cause or use it for reckless things. You could give to charity or just do nothing with it. It really depends
Answer:
$79,421
$12,151.413
Step by Step Explanation:
The self-employment taxable income is 92.35% of net earnings. While the tax rate for self-employment tax liability is 15.3% for year 2019
Schedule C net earnings: $86,000
Self-employment taxable income rate: 92.35%
Self-employment taxable income= 92.35%×86,000
=$79,421
Self-employment taxable income: $79,421
Self-employment tax rate: 15.3%
self-employment tax liability=
Self-employment taxable income×Self-employment tax rate
$79,421×15.3% =$ 12,151.413
