1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
BaLLatris [955]
2 years ago
14

Finley Company

Business
1 answer:
aleksley [76]2 years ago
3 0

Answer:

d. debit Retained Earnings, $3,000; credit Dividends, $3,000.

Explanation:

The journal entry to close the dividend account should be

Retained earnings Dr $3,000

        To Dividend $3,000

(being the closing of the dividend account is recorded)

here the retained earning is debited as it decreased the stockholder equity and dividend is credited as it is closed

You might be interested in
Suppose that you are the vice president of operations of a manufacturing firm that sells an industrial lubricant in a competitiv
gladu [14]

Answer:

400

Explanation:

Qd = 45 - 2P

Qd    = -15 + P

45 - 2P = P - 15

60 = 3P

60/3 = P = 20

Q = 45 - 2*20 = 5

Q = -15+20 = 5

The quantity will be 5 and price 20

<u>Now we will caclulate the consumer surplus:</u>

Which the area of the demand curve above the equilibrium.

We calculate he area of a triangle:

base x high / 2

\frac{(45-5)\times20}{2}

consumer surplus = 400

7 0
3 years ago
Future changes in automobile technology are likely to include
s2008m [1.1K]

Answer:    Flying cars??

Explanation: Im 99.9% sure it will happen.

8 0
2 years ago
In 2010, the imaginary nation of Bovina had a population of 5,000 and real GDP of 600,000. In 2011 it had a population of 5,200
Evgesh-ka [11]

Answer:

Option (b) is correct.

Explanation:

In 2010,

Real GDP = 600,000

Population = 5,000

Real GDP per person:

= Real GDP ÷ Population

= 600,000 ÷ 5,000

= 120

In 2011,

Real GDP = 636,480

Population = 5,200

Real GDP per person:

= Real GDP ÷ Population

= 636,480 ÷ 5,200

= 122.4

Growth rate of real GDP per person during the year 2011:

= [(Real GDP per person in 2011 - Real GDP per person in 2010) ÷ Real GDP per person in 2010] × 100

= [(122.4 - 120) ÷ 120] × 100

= (2.4 ÷ 120) × 100

= 0.02 × 100

= 2%

It was seen from the data available on the world bank that the United states real GDP per person is growing at an average rate of 2% between 1910 and 2010.

Hence, the Growth rate of real GDP per person during the year 2011 is about the same as average U.S. growth over the last one-hundred years.

6 0
3 years ago
On January 2, 2020, Pronghorn Company sells production equipment to Fargo Inc. for $52,000. Pronghorn includes a 2-year assuranc
Yanka [14]

Answer:

January 2, 2020

Dr Cash $52,000

Cr Sales Revenue $52,000

December 31, 2020

Dr Warranty expense $890

Cr Cash $890

December 31, 2020

Dr Warranty expense$640

Cr Warranty Liabiltiy $640

Explanation:

Preparation of the journal entry to record this transaction on January 2, 2020, and on December 31, 2020.

January 2, 2020

Dr Cash $52,000

Cr Sales Revenue $52,000

December 31, 2020

Dr Warranty expense $890

Cr Cash $890

December 31, 2020

Dr Warranty expense$640

Cr Warranty Liabiltiy $640

6 0
2 years ago
What are two characteristics of a credit union??
Fantom [35]
<span>Content CuratorContent StrategistCopywriterData AnalystDatabase AdministratorGraphic Artist<span>Information Architect</span></span>
4 0
3 years ago
Other questions:
  • uppose Stanley's Office Supply purchases 50,000 boxes of pens every year. Ordering costs are $100 per order and carrying costs a
    9·1 answer
  • Mr. Fulgham cites Singapore as a model city in the use of their water resources. Which of the five forces does this "four tap" p
    5·1 answer
  • Strong company applies overhead based on machine hours. at the beginning of 20x1, the company estimated that manufacturing overh
    12·1 answer
  • Suppose the economy is closed with national saving of $3 trillion, consumption of $10 trillion, and government purchases of $4 t
    9·1 answer
  • Software that helps users to communicate with family, friends and business colleagues by posting personal information, status up
    10·1 answer
  • Dream Homes is an appliance store. It recently launched its own brand of freezers in order to build customer loyalty. The store
    9·2 answers
  • All entrepreneurs recognize there's a risk of ________ even when they use all available information to make decisions
    7·1 answer
  • Which of these is an example of a shortage?
    9·1 answer
  • If the required reserve ratio is 10 percent, currency in circulation is $400 billion, checkable deposits are $800 billion, and e
    13·1 answer
  • Definition of tax fraud and tax reduction?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!