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3 years ago

The date on which a cash dividend becomes a binding legal obligation is on the

Business

1 answer:

blsea [12.9K]3 years ago

5 0

Answer:

declaration date

Explanation:

The dividend declaration date is the date when the board of directors of a company announces the next dividend payment. The declaration date is generally released a few weeks before the actual dividend is paid.

The date of record is the date when the corporation identifies which shareholders will receive the dividend. The date of payment is the actual date when the dividends are distributed.

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A company had net income of $252,327. Depreciation expense is $21,821. During the year, Accounts Receivable and Inventory increa

Anettt [7]

Answer: Option (d) is correct.

Explanation:

Given that,

Net Income = $252,327

Depreciation expense = $21,821

Accounts Receivable increased by = $14,346

Inventory increased by = $33,617

Prepaid Expenses decreased by = $3,079

Accounts Payable decreased by = $4,161

Loss on the sale of equipment = $5,398

Operating Income = Net Income + Depreciation expense - Accounts Receivable - Inventory + Prepaid Expenses - Accounts Payable + Loss on the sale of equipment

= $252,327 + $21,821 - $14,346 - $33,617 + $3,079 - $4,161 + $5,398

= $230,501

7 0

3 years ago

Batista Company management wants to maintain a minimum monthly cash balance of $19,900. At the beginning of April, the cash bala

9966 [12]

Answer:

the amount must be borrowed is $8,900

Explanation:

The computation of the amount must be borrowed is shown below:

Opening cash balance $19,900

Add: cash receipts $244,400

Less: cash disbursements -$253,300

Cash balance after disbursements $11,000

Minimum monthly cash balance $19,900

Amount to be borrowed $8,900

hence, the amount must be borrowed is $8,900

4 0

2 years ago

What are the criteria for distinguishing between a deductible expense and a capital expenditure?

Lelu [443]

The criteria for distinguishing between whether an expenditure is a capital item or a deductible expense is the useful life of the item.

If the purchase is going to be used and no longer have value at the end of the reporting period it is an expense for that period. If the item is a capital item it is going to have a longer useful life. In this case the item is depreciated over its useful life, assigning an expense amount to each accounting period that the item has value.

6 0

3 years ago

Wnich of these skills is the cognitive ability to see the organization as a whole and the relationship amon parts? a. Human b. R

katrin2010 [14]

Answer:

c. Conceptual

Explanation:

The skill that best suits the cognitive ability to see the organization as a whole and the relationship between the parties is the conceptual skill.

This is an essential skill for managers who will manage the systems that comprise the organization, because through conceptual skill it is possible to learn through experience, planning, innovation through ideas and solutions, which can help the manager to order the leadership and decision-making process effectively for the company as a whole, in addition to facilitating the process of assertive communication aimed at employee engagement and other variables that promote continuous improvement in the company.

4 0

3 years ago

In the books of seller, is deducted from the invoice price when the buyer pays earlier or on the date/term stipulated

Nutka1998 [239]

Answer:

In the books of seller, cash discount is deducted from the invoice price when the buyer pays earlier or on the date/term stipulated

Explanation:

An early payment discount or cash discount is the reduction in invoice price due to payment before the due date.
A number of factors should be considered to see how much discount should be provided . Some of them are: check the cash discount offered by competitors, and check the payment history of the customer.
This strategy helps close the gap in cash flow and boost the working capital.

7 0

2 years ago