Answer:
O Debit Retained Earnings $4,000; credit Common Dividends Payable $4,000.
Explanation:
Dividend declared = $0.5 per share
Total Authorized shares = 20,000 shares
Total Issued Shares = 9,000 shares
Total Outstanding shares = 8,000 shares
As outstanding shares are only eligible shares for the dividend payment.
Total Dividend Payment = $0.5 per share x 8000 shares
Total Dividend Payment = $4000
Journal Entry for this event
Dr. Cr.
Retained Earning $4,000
Common Dividend Payable $4,000
The work value that Ramona feels the strongest is that the work with people
Explanation:
Work values are the values that are employed in a work place and there are many kinds of work values that develop the inter personal relationship between peoples
In the given statement she loves to work with the people in the after school program she loves to interact with the people talk with them and gain some personal experience and she feels them the strongest
Perhaps, life expectancy... That may be your answer.
Answer:
Partners Dennis and Lilly have decided to liquidate their business. The following information is available:
Cash $100,000 Accounts Payable $100,000
Inventory $200,000 Dennis, Capital $120,000
Lilly, Capital $80,000
$300,000 $300,000
Dennis and Lilly share profits and losses in a 3:2 ratio. During the first month of liquidation, half the inventory is sold for $60,000, and $60,000 of the accounts payable is paid. During the second month, the rest of the inventory is sold for $45,000, and the remaining accounts payable are paid. Cash is distributed at the end of each month, and the liquidation is completed at the end of the second month.
1. Using a safe payments schedule, how much cash will be distributed to Dennis at the end of the first month?
a. $36,000
b. $64,000
c. $60,000
d. $24,000
2. Using a safe payments schedule, how much cash will be distributed to Lilly at the end of the first month?
a. $40,000
b. $24,000
c. $64,000
d. $16,000
Answer:
The EOQ is 353 units
Explanation:
The economic order quantity or EOQ is the quantoty that minimized the holding and ordering cost for invetory.
The formula for EOQ is,
EOQ = √(2*D*O) / H
Where,
- D is the annual demand in units
- O is the ordering cost per order
- H is the holding cost per unit per annum
The annual demand of oil filters by Sam is,
Annual demand = 52 * 150 = 7800 filters
The EOQ for Sam Auto Shop is,
EOQ = √(2*7800*16) / 2
EOQ = 353.27 Units rounded off to 353 units
