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
hoa [83]
3 years ago
15

Prepare journal entries to record the declaration and payment of these stock and cash dividends. 2. Prepare the December 31, 202

1, shareholders' equity section of the balance sheet for the Nicklaus Corporation. (Assume net income for the fourth quarter was $2,250,000.) 3. Prepare a statement of shareholders' equity for Nicklaus Corporation for 2021.
Business
1 answer:
erma4kov [3.2K]3 years ago
5 0

Answer:

Retained Earning (Dr.) $295,000

Stock Dividend Payable (Cr.) $295,000

To record stock dividend

Retained Earnings (Dr.) $157,800

Cash (Dr.) $157,800

To record cash dividend

Explanation:

Statement of Shareholder's Equity

Retained Earnings Beginning Jan 21 $1,275,000

Net Income $2,250,000

Cash Dividend $157,800

Stock Dividend $295,000

Retained Earning Ending $3,072,200

You might be interested in
Newman Finley wishes to become a millionaire. His money market fund has a balance of $296,375 and has a guaranteed interest rate
Rus_ich [418]

Answer:

Investment period = 24 years

Explanation:

The total amount that an investment made today would become  if invested at a particular rate for certain number of years is known as the future value.

The $1,200,000 is the desired future value, the $296, 375 is the present value and the 6% is the interest rate.

FV = PV × (1+r)^n

1,200,000 = 296,375 × (1.06)^(n)

(1.06)^(n) = 1200000/96,375

(1.06)^(n) =4.048924504

find the log of both sides

n log 1.06= log 4.048924504

n= log 4.048924504/log 1.06

n = 24

It will take 24 years

3 0
3 years ago
Consider luxury weekend hotel packages in Las Vegas. When the price is $250, the quantity demanded is 2,000packages per week. Wh
konstantin123 [22]

Answer:

The elasticity is about 1.43, and an increase in the price will cause hotels' total revenue to decrease

Explanation:

The formula of the midpoint for the variation of the quantity is  \frac{Q2-Q1}{(Q2+Q1)/2} *100 and for the price is \frac{P2-P1}{(P2+P1)/2} *100. With the variation of the price and the quantity the elasticity formula is ΔQ/ΔP. Replacing the elasticity is -1.43

The price elasticity of the demand is bigger than 1, that means that the demand is elastic, every increase of the price will cause a bigger decrease of the quantity, the revenue will drop because the increase of the price do not compansete the decrease of the quantity.

6 0
3 years ago
experts argue that, to limit the potential for war and other armed conflict, efforts by international bodies must be increased,
Elan Coil [88]

To limit the potential for war and other armed conflict, efforts by international bodies must be increased, particularly at United Nations well-known organization.

Many conflicts since the 1990s have been resolved either through UN mediation or through the action of third parties acting with UN support. Examples from the recent past include Nepal, Liberia, Burundi, the Sudan's north-south conflict, and Sierra Leone. A 40% decrease in conflict worldwide since the 1990s is attributed to UN peacemaking, peacekeeping, and conflict prevention activities, according to research. Many potential conflicts have been avoided through preventive action taken by the UN and other organizations. On the ground, 11 UN peace missions deal with post-conflict situations and implement peacebuilding strategies.

In about 30 nations or territories, the UN provides assistance in demining, including in Afghanistan, Colombia, the Democratic Republic of the Congo, Libya, and the Sudan. Thousands of civilians are killed or injured each year by landmines. The UN also promotes full international participation in treaties relating to landmines and provides instruction on how to avoid danger, aids victims in becoming self-sufficient, and helps nations destroy stockpiled landmines.

Learn more about United Nation (UN), here

brainly.com/question/9763405

#SPJ4

8 0
1 year ago
After a business transaction has been analyzed and entered in a journal, the next step in the recording process is to transfer t
Jlenok [28]
After recording the transaction in journal you must record it on General Ledger.
3 0
3 years ago
Bennett Co. has a potential new project that is expected to generate annual revenues of $262,100, with variable costs of $144,00
swat32

Answer:

Operating cash flow= $29,886

Explanation:

Giving the following information:

Sales= $262,100

Total variable cost= $144,000

Total fixed costs= $61,300.

Annual interest expense of $24,500. The annual depreciation is $25,200 and the tax rate is 34 percent.

<u>We need to determine the operating cash flow:</u>

Sales= 262,100

Total variable cost= (144,000)

Contribution margin= 118,100

Total fixed costs= (61,300)

Depreciation= (25,200)

Interest= (24,500)

EBIT= 7,100

Tax= (7,100*0.34)= (2,414)

Depreciation= 25,200

Operating cash flow= 29,886

7 0
3 years ago
Other questions:
  • Which of the following ratios appears on a common-size balance sheet? I. Debt to asset ratio II. Net working capital to total as
    8·1 answer
  • When workers are a part of a team their compensation should be?
    13·1 answer
  • Nicklaus company has decided to sell one of its old machines on june 30, 2013. the machine was purchased for $160,000 on january
    14·1 answer
  • Assume that the inflation rate becomes much higher in the U.K. relative to the U.S. This will place ____ pressure on the value o
    6·1 answer
  • Paul and Roger are partners who share income in the ratio of 3:2. Their capital balances are $90,000 and $130,000, respectively.
    8·1 answer
  • Merchandise is ordered on november 10; the merchandise is shipped by the seller and the invoice is prepared, dated, and mailed b
    15·1 answer
  • This year, Gogo Inc. granted a nonqualified stock option to Mrs. Mill to buy 10,000 shares of Gogo stock for $8 per share for fi
    7·1 answer
  • Why is rationing sometimes good
    7·2 answers
  • ________ is not one of the common pricing objectives
    10·1 answer
  • Last year, baldwin corp paid their workers $26. 81 per hour. how much will they be paying them 2 rounds from then?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!