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olga_2 [115]
3 years ago
14

Farmer Corp. owned 20,000 shares of Eaton Corp. purchased in 2009 for $300,000. On December 15, 2012, Farmer declared a property

dividend of all of its Eaton Corp. shares on the basis of one share of Eaton for every 10 shares of Farmer common stock held by its stockholders. The property dividend was distributed on January 15, 2013. On the declaration date, the aggregate market price of the Eaton shares held by Farmer was $500,000. The entry to record the declaration of the dividend would include a debit to Retained Earnings of
Business
1 answer:
Evgen [1.6K]3 years ago
3 0

Answer:

Debited to Retained Earnings of $500,000.

Explanation:

At the time of declaration of the dividend, the journal entry is recorded which is shown below:

Retained earning A/c Dr  $500,000

             To Dividend payable  A/c $500,000

(Being cash dividend declared)

On the declaration date, the dividend amount is recorded. So while recording we debited the retained earning account and credited the dividend payable account

All other information which is given is not relevant. Hence, ignored it

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Belton, Inc. had the following transactions in 2018, its first year of operations:• Issued 33,000 shares of common stock. Stock
Finger [1]

Answer:

A) $792,000

Explanation:

33,000 shares of common stock

issued at:

market value 24 dollars

face vale         1 dollar

additional paid-in 23 per share

<u>Equity:</u>

<em>Common Stock </em>

33,000 shares x   1 =    33,000

<em>Additional Paid-in capital</em>

33,000 shares x 23 = 759,000

Total capital               792,000

The total paid-in capital will be the sum of both, the common stock and the paid-in capital in excess of par.

5 0
3 years ago
Get Smart University is contemplating an increase in tuition to enhance revenue. If GSU feels that raising tuition would enhance
AlladinOne [14]

If GSU feels that raising tuition would enhance revenue, it is assuming that the demand for university education is inelastic.

  • The quantity of a good that consumers are willing and able to buy at different prices during a specific time period is known as demand in economics. The demand curve is another name for the relationship between price and quantity demand.
  • A change in demand whose percentage is less than a change in price. Demand is said to be inelastic, for instance, if the price of a good increases by 25% but drops in demand by just 2%.
  • When there is a small change in the quantity demanded when the price changes, a good or service has inelastic demand. The term "price inelasticity of demand" is another name for this. An example of inelastic demand is gasoline, where individuals generally buy the same amount even when prices rise.

Thus this is the answer.

To learn more about Demand, refer: brainly.com/question/1245771

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4 0
2 years ago
In​ economics, the short run is the time frame in which​ ______ and the long run is the period of time in which​ ______. A. the
Marina86 [1]

Answer:the quantities of some factors of production are​ fixed; the quantities of all factors of production can be varied - D

Explanation:

In the short run, some factors of production are fixed, which is usually the capital. Therefore for a company to increase output, it would need employ more workers, but would not increase capital.

Therefore in the short run, we can get diminishing marginal returns, which may cause marginal costs to start increasing quickly.

Also, in the short run, prices and wages fall out of equilibrium because a sudden rise in demand may lead to higher prices, and companies may not have the the capacity to respond and increase supply.

Long run

In the long run, usually greater than 6 months, all main factors of production are variable. The company has time to build a bigger one making it respond to changes in demand which means that a sudden rise in demand, would have a complimentary increase in supply to meet the demands and prices can be adjusted.

.

6 0
3 years ago
Read 2 more answers
.Who were some of the primary decision makers that led to the illegal sales activities?
mixas84 [53]

The CEO John Stumpf and the former retail banking head were some of the primary decision makers that led to the illegal sales activities.

Sales are sports related to promoting or the number of products offered in a given targeted term. The transport of a provider for a price is likewise taken into consideration a sale. A sale is a transaction between two or more events in which items or services are exchanged for cash or different property. within the financial markets, a sale is an settlement between a customer and vendor regarding the rate of a protection and its transport for agreed-upon reimbursement. In fashionable commercial enterprise operations, income confer with any transactions where money or value is exchanged for the ownership of a good or entitlement to a service. In an accounting context, income refers to a corporation's sales earned from the sales of services or products (net sales).

Learn more about sales here:brainly.com/question/25743891
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4 0
1 year ago
_________ management provides associates with decision power and the information they need to use that power effectively. A. Mon
Vsevolod [243]

Answer:

E. High-involvement.

Explanation:

High involvement management is focused on employee involvement in day-to-day running of the business. Employees are allowed to make decisions about execution of their jobs and participate in other aspects of the business. It reduces negativity an employee bfeels in performing his job because he is involved and makes decisions in the process.

This results in higher productivity and better performance of the firm by improving employee skill and motivation.

8 0
3 years ago
Read 2 more answers
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