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vodka [1.7K]
2 years ago
9

The board of directors of Swifty Corporation declared a cash dividend of $2.75 per share on 40000 shares of common stock on July

15, 2020. The dividend is to be paid on August 15, 2020, to stockholders of record on July 31, 2020. The effects of the journal entry to record the payment of the dividend on August 15, 2020, are to increase stockholders’ equity and decrease assets. decrease liabilities and decrease assets. increase stockholders’ equity and increase liabilities. decrease stockholders’ equity and decrease liabilities.
Business
1 answer:
WARRIOR [948]2 years ago
5 0

Answer:

a. Decrease liabilities and decrease assets

Explanation:

First option "Decrease liabilities and decrease assets" is the correct option as far as only payment part of Journal entry is concerned.

Since Dividend is declared on 15 July on That date entry would have been:

Shareholder's Equity........Dr

To Dividend Payable(Liability) A/c......Cr

Then, on Payment date i.e. 15 august entry would be:

Dividend Payable(Liability)A/c.......Dr

To cash/Bank A/c..........Cr

Therefore, Liability is Decrease also asset is decreased on 15th August, 2020.

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Andrea's Kitchen is a catering business that operates by means of its own website. Customers order party platters, pastries, and
valkas [14]

Answer:

D) Direct Channel

Explanation:

Distribution, also called place is one of the four Ps of marketing. Distribution is the process of delivering goods or services from the manufacturer to the consumers. In distribution, there are two ways of delivering goods or services to the target market. The first one is known as the Direct distribution while the other is the Indirect distribution. Direct distribution is a situation where goods or services are delivered to the target market without any help from middlemen. That is, straight from the manufacturers to the consumer. This is also known as Zero distribution. This way of distribution lowers cost because it is direct from the manufacturer to the consumer.

 The other way of distribution is the Indirect distribution. Indirect distribution happens when goods or services are delivered to the target market with the help of middlemen. The middlemen mentioned here, refer to the agents, brokers, wholesalers and retailers.

  Andrea's Kitchen Catering Services offers the way of direct distribution because they do not make use of middlemen in order to deliver goods to their customers. The food leaves their kitchen(place of production) and straight to the consumer's abode. One major advantage of this way of distribution is the easy access and quality communication between the manufacturer and the consumers.

7 0
3 years ago
Jars of pickles are sampled and weighed. sample measures are plotted on control charts. the ideal weight should be precisely 11
Anvisha [2.4K]

Answer:

c. both x-bar chart and r-chart.

Explanation:

When Jars of pickles are sampled and weighed, sample measures are plotted on control charts and the ideal weight should be precisely 11 oz.

Both x-bar chart and r-chart can be used to monitor the process.

The x-bar and r-chart in statistical process monitoring (spm) are quality control charts used to monitor the process mean and process variation simultaneously, based on samples collected in subgroups in a given time.

6 0
3 years ago
Soft skills are ________; they are more or less relevant in every job, at every level, and throughout your career.
Georgia [21]

Soft skills are portable because they are somewhat applicable in every position, at every level, and over the course of your career.

What do soft talents entail?

People require soft skills, or interpersonal abilities, in order to succeed at work. This could entail the capacity to multitask, manage time effectively, and work well in teams. Soft skills are essential for success in any job, but they are crucial in social work in particular.

Numerous stakeholders, each of whom may have diverse interests, are involved in a significant amount of the work that is done in the social sector. In situations like this, having the proper interpersonal skills is essential to coming to a successful conclusion.

to know more about soft skills

brainly.com/question/14500704

#SPJ4

3 0
1 year ago
On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $85,050 in assets in exchange for i
hoa [83]

Answer:

$3,260

Explanation:

Preparation of December statement of cash flows for Ernst Consulting

ERNST CONSULTING Income Statement

For Month Ended October 31

REVENUES

Consulting fees earned $17,450

Total revenues $17,450

EXPENSES

Rent expense $4,530

Salaries expense $8,090

Telephone expense $880

Miscellaneous expenses $690

Total expenses $14,190

Net income $3,260

($17,450-$14,190)

Therefore December statement of cash flows for Ernst Consulting will be $3,260

5 0
2 years ago
During January 2016, Wells Corporation purchased $200,000 of inventory; they paid one-fourth in cash, and signed a note for the
ivanzaharov [21]

Answer:

Inventory                        $200,000    

Cash                                                      $50,000

Notes payable                                      $150,000

Explanation:

Data provided in the question:

Cost of the inventory purchased = $200,000

Amount paid in cash =  one-fourth

= one-fourth of $200,000

= $50,000

For the remaining balance signed a note i.e = $200,000 - $50,000

= $150,000

Now,

This transaction will be recorded as:

Inventory                        $200,000    

Cash                                                      $50,000

Notes payable                                      $150,000

3 0
3 years ago
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