Tamarisk, Inc. gathered the following reconciling information in preparing its April bank reconciliation:

a tech company decides to pay dividends to shareholders out of its net earnings. this will decrease its

sergeinik [125]

A tech company decides to pay dividends to shareholders out of its net earnings. this will decrease its

This program automatically uses a shareholder's dividends to acquire additional shares of a firm's outstanding or newly issued stock.

If a organisation pays inventory dividends, the dividends lessen the agency's retained earnings and boom the common stock account. stock dividends do not bring about asset changes to the balance sheet but as a substitute affect only the equity aspect with the aid of reallocating a part of the retained earnings to the commonplace inventory account.

Dividend- A dividend is the distribution of a organisation's income to its shareholders and is determined by means of the company's board of administrators. Dividends are frequently dispensed quarterly and can be paid out as cash or in the shape of reinvestment in additional stock.

The dividend yield is the dividend per proportion and is expressed as dividend/price as a percent of a organisation's proportion charge, along with 2.five%.

not unusual shareholders of dividend-paying corporations are eligible to obtain a distribution so long as they very own the stock earlier than the ex-dividend date.

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8 0

11 months ago

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Fayette Medical Clinic has budgeted the following cash flows:

trapecia [35]

Answer:

Cash budget

Particulars January February March

Beginning Balance $ 16,000 $ 11,200 $ 10,000

Cash Receipts $ 240,000 $ 232,000 $ 272,000

Cash for disbursements(y) $ 256,000 $ 243,200 $ 282,000

Less: Cash payments

Inventories $ 220,000 $ 164,000 $ 190,000

S & A expenses $ 62,000 $ 64,000 $ 54,000

Interest on line of credit $ 800 $ 800 $ 800

Total disbursements (z) $ 282,800 $ 228,800 $ 244,800

Excess/Deficiency x=y-z $ (26,800) $ 14,400 $ 37,200

Min. cash required $ 10,000 $ 10,000 $ 10,000

Total cash needed $ 36,800 $ (4,400) $ (27,200)

Financing $ 38,000 $ - $ -

Interest at 1% per month $ 380 $ 340

Balance cash before repayment $ 14,020 $ 36,860

Repayment $ 4,020 $ 26,860

Ending Balance $ 11,200 $ 10,000 $ 10,000

4 0

3 years ago

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Tech Performance, Inc., completes programming and other tech services for Uno IT Products Corporation. When Uno IT’s computer sy

Nana76 [90]

Answer:

Kindly go through the Explanation.

Explanation:

While responding back Tech Performance who would be referred as a defendant in this occasion may opt for two of the response:

1. Tech Performance to file an answer & defend

The answer filed should include admit of statements and the allegations put across by Uno IT or to simply deny them & set defenses from the defendants part. As by any chance if defendant admits to the allegations filed by UNO computer systems, the judgment will surely be in favor of UNO computer systems. But if defendant denies the allegations then the matter would proceed further as per the guidelines of the federal court, which will give enough time to Tech performance to be prepared with their set of defense statement.

Hence While filing the answers the defendant may file an affirmative defense according to which the defendant will agree to the truth of the complaint but would raise new facts in order to confront that the defendant firm should not be held responsible/ liable for the damage sustained by UNO. The defendant could also deny Uno IT’s allegations and assert a counterclaim stating and proving that the reason of the crash occurred causing loss was due to certain actions from UNO It’s end. Also it may also allege Uno IT for the damage done to the reputation of the Tech Performance.

2. Tech Performance to file a motion to dismiss instead of an answer

The defendant may file a motion to dismiss stating that the motion might contend that even if the facts presented in the complaint are true, their legal consequences such as there is no reason to go ahead with the suit. Other section for this motion includes improper service of process and the court’s lack of jurisdiction. In this case of filing a motion, if the motion is denied the defendant will be given time to file an answer and if its granted, Uno IT will be given time to file an amended complaint.

5 0

3 years ago

Helter Industries, a company that produces a line of women's bathing suits, hires temporaries to help produce its summer product

sergey [27]

Answer: $391.20

Explanation:

EXPLANATION IN ATTACHED PICTURE.

5 0

3 years ago

One might infer from a debit balance in allowance for doubtful accounts that

shtirl [24]

Answer:

The answer is:

More accounts have been written off than had been estimated

Explanation:

Doubtful debt or bad debt is an expense. According to the rule of accounting, debit increases an expense while debit decreases an expense.

So the debit balance balance in allowance for doubtful accounts tells us that there is an increase in expense which means that more accounts(bad debt) have been written off.

So we can infer from the debit balance that more accounts have been written off than had been estimated

3 0

3 years ago