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Goshia [24]
3 years ago
6

"Dan Druff Shampoo has 1,000,000 shares of common stock authorized with a par of $1 per share, of which 500,000 shares are outst

anding. When the market value was $9 per share, Druff issued a stock dividend by which for each ten shares held, one share was issued as a stock dividend. The par per share did not change. What entry did Druff record for this transaction?"
Business
1 answer:
hram777 [196]3 years ago
8 0

Answer:

Debit : Dividends $50,000

Credit : Cash $50,000

Explanation:

Dividend calculation = 500,000 shares x $1 x 1/10 = $50,000

To record the dividend, the following entry is made :

Debit : Dividends $50,000

Credit : Cash $50,000

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maks197457 [2]
Hey there!

Governements may step in to resolve the market failure is the answer to your question

Have a great day! :)
6 0
3 years ago
At December 31, 2017, Sager Co. had 1,200,000 shares of common stock outstanding. In addition, Sager had 450,000 shares of prefe
AnnZ [28]

Answer: $3.49

Explanation:

Diluted earnings per share = \frac{Net Income}{Outstanding Common Stock + Convertible shares}

Diluted Earnings per share = \frac{6,800,000}{1,200,000 + 750,000}

Diluted Earnings per share = 3.4871

Diluted Earnings per share = $3.49

8 0
3 years ago
In a tcs project that involves tcp ip customer ip and or partner/vendor ip, it is important for the tcs project team to comply w
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The majority of nations, including India, do not have special laws safeguarding trade secrets, in contrast to other intellectual property rights like patents, trademarks, and copyrights. To safeguard trade secrets, the parties usually depend on contract law or the theory of misappropriation.

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  • The fundamental elements of IP governance must be understood and used by TCS workers. Your access must be immediately terminated.
  • This protection is only available through patents and utility models. Another party who rightfully created the necessary knowledge, such as B. Independently created inventions, may patent a trade secret. Once the secret is revealed, anybody can utilize it anyway they choose.
  • Trade secrets are proprietary knowledge that has intellectual property (IP) rights that may be sold or licensed.
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To view similar question about Customer Ip, you can refer to:

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4 0
2 years ago
To make low-profit customers more profitable the ABC bike shop-
Anna007 [38]

Answer:

C) allows existing customers to upgrade to a newer model by trading in their older model.

D) though it previously offered free delivery, now charges for deliveries made outside the city.

Explanation:

If ABC company wants to change low profit customers into more profitable customers, they need to:

  1. encourage low profit clients to buy larger quantities by offering promotions (e.g. get a discount if you buy a bike, helmet and other gear all together)
  2. forgo certain services or features to low profit customers, e.g. free delivery only for expensive bikes
  3. increase the price of your product for low profit customers (e.g. charge a delivery cost for cheap bikes)
  4. offer upgrading options to low profit clients

8 0
3 years ago
Amy's school records describe her as having monochrome blindness. what can we assume about amy's perceptual abilities?
inessss [21]

We can assume that Amy’s perceptual abilities is that she may not be able to see color because she is considered or described to a monochromat base on the findings that is seen from her or base from the school records that has been provided.

5 0
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