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sasho [114]
2 years ago
7

Eastline Corporation had 11,000 shares of $10 par value common stock outstanding when the board of directors declared a stock di

vidend of 3,520 shares. At the time of the stock dividend, the market value per share was $14. The entry to record this dividend is:______.
a. Debit Retained Earnings $49.280 Credit Common Stock Dividend Distributable $49.280
b. No entry is needed
c. Debit Common Stock Dividend Distributable $49,280, credit Retained Earning 549.280.
d. Debit Retained Earnings $35200. cred Common Stock Dividend Distribble $35.200
e. Debit Retained Emming $49.280 credit Common Stock Dividend Darts $35.200, credit Peld in Capital in Bress of Par Value. Common Stock $14,080
Business
1 answer:
andrey2020 [161]2 years ago
3 0

Answer:

e. Debit Retained earning $49,280 Credit Common stock dividend distributable $35,200

Credit Paid in capital in excess of par value(Common stock) $14,080

Explanation:

The journal entry is as follows:

Retained earnings (3,520 shares × $14)

Dr $49,280

_______ Common stock dividend distributable (3,520 shares × $10)

Cr $35,200

_______ Paid in capital in excess of par value ($49,280 - $35,200)

Cr $14,080

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transferable skills necessary for successful employment include a:basic skills b:thinking skills c:personal quality d: all of th
Ymorist [56]

The correct answer is D. All of the above

Explanation:

Skills that can be used in multiple jobs or contexts are known as transferable skills. This category of skill covers many types of skills including basic skills such as teamwork, communication or problem-solving; personal quality skills such as honesty, empathy, or ethics; and thinking skills such as making decisions or organizing information. Moreover, these are all transferable skills because it is likely an individual requires these skills despite his profession or role. For example, both a doctor and a secretary might face challenges that require them to make decisions (thinking skill), use ethics to make the best decision (personal quality), and communicate this decision to others (basic skill.)

5 0
3 years ago
The Smiths are buying a house for $200,000. After their 10% down payment, they have also decided to pay two discount points. Wha
Vikentia [17]

Based on the information given the dollar amount of the discount points is $3,600.

<h3>Discount:</h3>

First step is to calculate the down payment

Down payment=$200,000-($200,000×10%)

Down payment=$200,000-$20,000

Down payment=$180,000

Second step is to calculate the discount points

Discount point=Down payment× Discount points

Discount point=$180,000×2%

Discount point=$3,600

Inconclusion the dollar amount of the discount points is $3,600.

Learn more about discount here:brainly.com/question/24286983

7 0
2 years ago
A labor-intensive process has a fixed cost of $338,000 and a variable cost of $143 per unit. A capital-intensive (automated) pro
sertanlavr [38]

Answer:

the 17,941 units should be produced and sold

Explanation:

The computation of the number of units that should be generated and sold is shown below:

Let us assume the number of units be n

Now as we know that

Total labor cost = variable cost + fixed cost

So the equations are

For labor intensive = $33,8000 + 143 n

And

For capital intensive = $1,244,000 + $92.5n

It could be written as

$1,244,000 + $92.5 n  <  $338,000 + $143 n

After solving it

n> 906,000÷ 50.5

n>17941

And,

$1,244,000 + $92.5 n < 197 n

After solving it

n>$1,244,000 ÷ 104.5

n>11,904

So the highest is 17,941

Therefore the 17,941 units should be produced and sold

4 0
3 years ago
A retail store has three departments, S, T, and U, and does general advertising that benefits all departments. Advertising expen
lions [1.4K]

Answer:

<em>From the question given, the values for department S, T, U was not stated, due to my findings and research i solved the example.</em>

<em>The correct answer to this is $21750</em>

Explanation:

<em>Given that,</em>

<em>Department S           $111,000</em>

<em>Department T           213,150</em>

<em>Department U           146,250</em>

<em>The next step is to calculate Advertising Expenses</em>

<em> Total</em>

<em>Department S           $111,000</em>

<em>Department T           213,150</em>

<em>Department U           146,250</em>

<em>Total   =                     470400</em>

<em>Next step is to allocate  advertising expense to Department T based on departmental sales.</em>

<em>Department T      =     48000 x 213150/470400</em>

<em>                              =     $21750</em>

6 0
2 years ago
One of the largest expense categories for most businesses is:__________A) advertisingB) research and developmentC) payrollD) pro
kiruha [24]

Answer:

C) payroll.

Explanation:

Expenses can be defined as the amount of cost that is being incurred in the generation of revenue and smooth operations or running of a business by an organization or business firm. There are basically two (2) types of expenses associated with business and these are; operating and non-operating expenses.

One of the largest expense categories for most businesses is payroll. A payroll can be defined as a comprehensive list of employees working for an organization and are eligible to receive wages, as well as the amount of money that they are entitled to receive. It constitutes about 70% of an organization's total expense or overhead.

4 0
2 years ago
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