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3 years ago

Dividends cause a(n) increase/decrease)_________ in equity and are recorded directly in

Business

1 answer:

Artyom0805 [142]3 years ago

6 0

Answer:

Decrease (debit) in equity, Cash Dividends Payable (credit, liability account)

Explanation:

The journal entry to record the declaration of the cash dividends involves a decrease (debit) to Retained Earnings (a stockholders' equity account) and an increase (credit) to Cash Dividends Payable (a liability account).

(opentextbc.ca)

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If you could make an online clothing business, what would be your mission and vission staement?

Papessa [141]

A mission statement defines the company vision and objectives.

A vision statement focuses more on the future goals and is usually longer than a mission statement because it covers things company purpose, goals, how it will be achieved, etc.

3 0

3 years ago

If there's upward pressure on price how does this affect the supply side of the market?

taurus [48]

If there's upward pressure on price, there would be an increase in the quantity supplied.

<h3>What the relationship between price and the quantity supplied?</h3>

There is a positive relationship between price and the quantity supplied. When there is an increase in price, the quantity supplied increases all things being equal.

The positive relationship between price and the quantity supplied is a result of the desires to earn more profit. So when price increases, in order to earn higher income, producers would increase the quantity supplied. This postulation is in line with the law of supply.

To learn more about the law of supply, please check: brainly.com/question/26374465

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1 year ago

Which of the following statements regarding a monopolist is false? A. The marginal revenue cure lies below the demand curve for

Sati [7]

Answer:

C. The monoplist sets price equal to marginal cost to maximize profit.

Explanation:

To maximise the profit, monopolist charge price where MR = MC.

3 0

3 years ago

The company has 15 employees, who earn a total of $1,960 in salaries each working day. They are paid each Monday for their work

I am Lyosha [343]

Answer:

Preparation of the adjusting entries as of December 31, 2015.

Dr Salaries Expense 3,920

Cr Salaries Payable 3,920

Explanation:

Since we were been told in the question that all the 15 employees worked the first 2 days of that week, the Adjustment we therefore be $3,920( 1,960×2) . And the transaction will be recorded as:

Dr Salaries Expense 3,920

Cr Salaries Payable 3,920

The Adjustment will be :

1,960 x 2 = 3,920

Therefore the pay that occured in New Year's Day will not be used because it falls in the next year.

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3 years ago

X Company and Y Company, operating on opposite sides of the country, manufacture equipment that is virtually identical except fo

Makovka662 [10]

Answer:

$14,000

Explanation:

Company X Company Y

cost per equipment $75,000 cost per equipment $65,000

sales price $105,000 sales price $91,000

Both companies sold one unit and they exchanged clients in order to reduce shipping cost:

company X income = $105,000 (selling price) - $75,000 (COGS) + $14,000 (money received from company Y) = $44,000

company Y's income = $91,000 (selling price) - $65,000 (COGS) - $14,000 (money given to company X) = $12,000

This exchange resulted in company X's income increasing by $14,000, while company Y's income decreased by $14,000

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3 years ago