Explanation:
The journal entries are as follows
a. Retained earnings A/c Dr $300,000 (600,000 shares × $0.50)
To Dividend payable A/c $300,000
(Being the dividend is declared)
b. No journal entry is required
c. Dividend payable A/c $300,000
To Cash A/c $300,000
(Being the dividend is paid for cash is recorded)
Answer:
A. Modified rebuy
Explanation:
There are three types of buying situation:
1. Modified rebuy
2. Straight rebuy
3. New task
1. Modified rebuy: This is a buying situation in which an individual or organisation buys goods that have been purchased previously but changes either the supplier or some other element of the previous order. It is a buying situation in which the buyer wants to modify product specifications, prices, terms, or suppliers.
2. Straight rebuy: It is also known as Extensive problem solving situation. Customers are aware of his or her choices, what they are searching for, his/her needs which is based on personal experience of the customer or friends and families.
3.The new task: This is a business buying situation in which the buyer purchases a product or service for the first time. The buyer has no past experience about the products. It takes a longer time for the buyer to decide because of the risk involved.
Answer:
$785 million
Explanation:
The computation of the ending balance of the retained earning is shown below:
The closing balance of retained earning = Opening balance of retained earnings + net income earned - dividend paid
= $750 million + $45 million - $10 million
= $785 million
While calculating the ending balance we have to deduct only dividend amount and other amounts are to be added
Answer:
1.Issuing bonds payable.
The company receive cash through third parties financial capital
Explanation:
financing activities
cash disbursement or cash proceeds from afinancing activities surch as:
loan, bonds, issuance of stock, treasury stock, notes, other.
4.Collection of a loan made to another company.
The company invest his cash in giving a loan to gain interest, it wasn't a financial decision to increase cash, it was an investment to generate cash.
2.Receiving cash from customers. it would be operating activites. It is a source of cash from the main activity.
3.Sale of equipment. It would be investing
Answer:
The correct answer is D.
Explanation:
Giving the following information:
Units produced - Inspection cost
February: 911 - $16,812
March: 961 - $17,200
April: 917 - $16,865
May: 901 - $16,710
June: 923 - $16,894
July: 908 - $16,780
August: 925 - $16,932
September: 865 - $16,300
October: 904 - $16,738
To calculate the fixed component using the high-low method, first, we need to calculate the unitary variable cost:
Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)
Variable cost per unit= (17,200 - 16,300) / (961 - 865)
Variable cost per unit= $9.375 per unit
Now, we can calculate the fixed costs:
Fixed costs= Highest activity cost - (Variable cost per unit * HAU)
Fixed costs= 17,200 - (9.375*961)
Fixed costs= 8,190.625
Fixed costs= LAC - (Variable cost per unit* LAU)
Fixed costs= 16,300 - (9.375*865)
Fixed costs= $8,190.625
