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Paha777 [63]
3 years ago
12

on january 1 ripken corporation had 80000 shares of 10 par value common stock outstanding. on may 7 the company declared a 10 st

ock divident to stockholders of record may 21 the market value of the stock was 13 on may 7 the entry to record the transaction of may 7 would include a
Business
1 answer:
Akimi4 [234]3 years ago
3 0

Answer:

Debit : Dividend $8,000

Credit : Shareholders for dividends $8,000

Explanation:

We recognize equity item - dividend and a liability - shareholders for dividend on declaration date.

Dividend = 80000 shares x $10 x 10% = $8,000

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During a resuscitation, the team leader assigns team roles and tasks to each member. You recognize that a task has been overlook
GalinKa [24]

Answer:

fill that overlooked role

Explanation:

In a scenario such as this one, the most appropriate action would be to fill that overlooked role. During a resuscitation, every second counts and all the members of a team are trained to handle these situations, therefore if a role has been overlooked by the team leader the other members need to fill that role as quickly as possible as long as they are not currently occupied with another role. Doing so will save time and potentially a life.

4 0
4 years ago
If a journal entry and posting for the use of office supplies during the year is accidentally omitted, what would be the impact
jolli1 [7]
<span>It is imperative to have accurate information when completing year end financial statements. If a journal entry and posting for the use of office supplies was omitted in error, the financial statements would not be complete, and the company could possibly lose out on a tax deduction.</span>
4 0
3 years ago
What is company culture? what role does it play a small company's success? what threats does rapid growth pose for a company's c
attashe74 [19]
The way a company goes about their business and their mission statement has a lot do with how company culture is set up.In basic terms it is the way things are done

4 0
3 years ago
Kegler Bowling buys scorekeeping equipment with an invoice cost of $185,000. The electrical work required for the installation c
QveST [7]

Answer:

The total recorded cost of score-keeping equipment is $$221,610  

Explanation:

The cost of score-keeping equipment comprises of the invoice cost of the equipment,installation costs,delivery and sales tax incurred on the purchase since the sales tax is not recoverable from relevant tax authority

The cost of equipment is computed thus:

Invoice price                           $185,000

Installation cost                        $19,425

Delivery costs                           $3,885

Sales tax                                   $13,300

Total cost                                $221,610  

The repair cost is not included as it is expected to expensed as incurred by recognizing it in income statement

7 0
3 years ago
Bond X is a premium bond making semiannual payments. The bond pays a coupon rate of 6.8 percent, has a YTM of 6.2 percent, and h
LekaFEV [45]

Answer:

Bond X $1,053.02

Bond Y  $948.76

Explanation:

The bond price is the present value of all future cash flows(all semiannual coupons and face value) discounted at the semiannual yield to maturity since coupons are expected semiannually.

Using a financial calculator bearing in mind that the calculator would be set to its default end mode before making the following inputs:

Bond X:

N=26(semiannual coupons in 13 years=13*2=26)

PMT=34(seminnual coupon=$1000*6.8%/2=$34)

I/Y=3.10(semiannual yield to maturity=6.2%/=3.10%)

FV=1000(the face value is $1000)

CPT

PV=$1,053.02  

Bond Y:

N=26(semiannual coupons in 13 years=13*2=26)

PMT=31(seminnual coupon=$1000*6.2%/2=$31)

I/Y=3.40(semiannual yield to maturity=6.8%/=3.40%)

FV=1000(the face value is $1000)

CPT

PV=$948.76  

3 0
3 years ago
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