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VikaD [51]
3 years ago
8

Novak Corp. has 44,000 shares of $11 par value common stock outstanding. It declares a 11% stock dividend on December 1 when the

market price per share is $19. The dividend shares are issued on December 31. Prepare the entries for the declaration and issuance of the stock dividend. (Record journal entries in the orde

Business
1 answer:
Sliva [168]3 years ago
4 0

Answer: The answer has been provided below

Explanation:

From the information given in the question, the number of shares that are allotted as stock dividend will be:

= 44,000 × 11%

= 44,000 × 0.11

= 4840

Stock dividend:

= 4840 × $19

= $91960

The common stock dividend shared:

= 4840 × $11

= $53240

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Helen, a single taxpayer, has modified adjusted gross income (before passive losses) of $126,000. During the tax year, Helen’s r
Ber [7]

Answer:

So Helen can only make a deduction of $12000 from the value.

Explanation:

The amount is given as

The maximum value of phase out allowance is $25000

The value of loss reduction is calculated for the value of MAGI greater than $100,000 which is $26000 in this case thus the solution is given as

$25000-50% *$26000

=$25000-0.5*$26000

=$25000-$13000

=$12000

3 0
4 years ago
Suppose that $ 5 000 is invested at 3.9 % annual interest​ rate, compounded monthly. How much money will be in the account in​ (
BlackZzzverrR [31]

Answer:

(A) $5,131.5

(B) $12,729.5

Explanation:

The interest earned on the value of interest earned before is the compounded interest. Compounding is the reinvestment of the amount earned before and take return over it too.

As per given data

Invested amount = $5,000

Interest rate = 3.9%

Interest is compounded monthly

Monthly rate = 3.9% / 12 = 0.325%

Formula for the accumulated amount of investment

A = P ( 1 + r )^n

Accumulated Money when $5,000 is

(A) Invested for 8 months

A =  $5,000 ( 1 + 0.325% ) ^8

A = $5,131.5

(b) Invested for 24 years or 288 months (24 x 12)

A =  $5,000 ( 1 + 0.325% ) ^288

A = $12,729.5

4 0
3 years ago
Read 2 more answers
Ranada Company manufactures and sells sportswear products. Ranada uses activity-based costing to determine the cost of the custo
mote1985 [20]

Answer: The customer cost for combined shipping and returns of Product 1 is <u>$6.25 per unit.(option c)</u>

We arrive at the answer as follows:

<u>A. Calculating cost of returns</u>

Cost of returns = Cost per returns * Number of returns

Cost of returns = 45 * 150

Cost of returns = 6750

<u>B. Calculating Cost of shipments</u>

Cost of shipments = Rate per shipment * Number of shipments

Cost of shipments = 10 * 1200

Cost of shipments = 12000

C.Calculate total cost of shipments and cost of returns

Total Cost = Cost of shipments + Cost of returns

Total Cost = 12000 + 6750

Total Cost = 18750

<u>D. Calculate cost per unit</u>

Cost per unit = \frac{Total Cost}{Number of units shipped}

Cost per unit = \frac{18750}{3000}

<u>Cost per unit = 6.25</u>







4 0
4 years ago
Experts tend to assign the _____ to hazards that take many lives at once as they do to hazards that take many lives one at a tim
Molodets [167]

Answer:

Option C, SAME WEIGHTS

Explanation:

A hazard is any source of potential damage, harm or adverse health effects on something or someone.

Risk assessment is a framework that uses hazard category as a starting point for evaluating risks. Risk assessment can be used in any situation where death, system loss, or property, equipment or environmental damage is a concern.

Experts use different risk assessment methods and approaches. Technical experts assign same weights to different ways of dying so they assign equal weights to hazards that take many lives at one time and to hazards that many lives at once.

Therefore, the answer that best suits the question is option C. Experts tend to assign the SAME WEIGHTS to hazards that take many lives at once as they do to hazards that take many lives one at a time.

4 0
3 years ago
D. J. Masson Inc. recently issued noncallable bonds that mature in 10 years. They have a par value of $1,000 and an annual coupo
OleMash [197]

Answer:

$894.65

Explanation:

Given data:

n= time = 10 years

par value= $1000

annual coupon = 5.5%

interest rate = 7.0%

bond price = present value of interest + present value of redemption value.

present value of interest:

C = 5.5% of 1000 = $55

PV = C x (1 - (1 + r)^(-n)/r

PV = 55 x 1.07^(-10)/0.07

PV = 386.3

present value of redemption value:

pv = f / (1 + r)^(n)

where f = par value

PV = 1000 / (1.07)^(10)

PV = 508.35

summing up both values

508.35 + 386.3

= $894.65

7 0
4 years ago
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