The profitable interaction between producers and consumers
Answer:
- Dr Dividends Declared 12,300
- Cr Dividends Payable 12,300
Explanation:
First we must determine how many shares are outstanding:
23,000 shares issued - 5,000 shares held= 18,000 shares outstanding
Then we multiply shares outstanding times dividends per share:
18,000 shares outstanding x $0.70 per share = $12,300
- Dr Dividends Declared 12,300
- Cr Dividends Payable 12,300
Answer:
Increase in initial deposit will be $4000
Explanation:
We have given initial deposit = $1000
Required reserve ratio = 20 % = 0.2
We have to find the total increase in deposit
We know that total increase in deposit = 
So We know that total increase in deposit = 
So increase in initial deposit will be $4000
Yes it is correct the chart is increasing