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2 years ago

4. Savings are particularly important to young people because:

Business

1 answer:

katen-ka-za [31]2 years ago

3 0

Answer:

I think it's D

Explanation:

because savings are in the beginning of their financial lives,”

I hope this helped u :)

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On May 20, the board of directors for Auction declared a cash dividend of 50 cents per share payable to stockholders of record o

AleksandrR [38]

Answer:

May 20

No Entry

June 14

Dr. Dividends $255,000

Cr. Dividend Payable $255,000

July 14

Dr. Dividend Payable $255,000

Cr. Cash $255,000

July 31

Dr. Retained Earnings $255,000

Cr. Dividend $255,000

Explanation:

Dividend = $0.5 x 510,000 = $255,000

May 20

Dividend is declared, No entry is required

June 14

Dividend to be recorded on this date. As dividend is not paid yet so it will be recorded as payable and on the other hand dividend account is debited to make a contra capital account of dividend.

July 14

Dividend is paid as cash is paid so, it will be credited and the liability is reduced so, it will be debited.

July 31

At the end of the period we have to adjust the Dividend Contra capital account in retained earning to make the dividend account zero.

8 0

3 years ago

On January 1, Year 2, the Arlington Company had 100,000 shares of common stock issued and outstanding. On July 1, Year 2, the co

Dennis_Churaev [7]

Answer:

The correct answer is 137,500 Shares.

Explanation:

According to the scenario, the computation of the given data are as follows:

Time period Jan.1 - Jul.1 = 6 months

So, first we calculate the weighted average before dividend.

Weighted average before dividend shares outstanding = (100,000 × 6 ÷ 12) + (120,000 × 6 ÷ 12)

= 50,000 + 60,000 = 110,000

Now we can calculate the weighted-average number of common shares outstanding during Year 2 by using following formula:

Weighted-average number of common shares outstanding = Weighted average before dividend shares outstanding + Dividend on outstanding Shares

By putting the value we get,

= 110,000 + 25% × 110,000

= 110,000 + 27,500

= 137,500 Shares

6 0

3 years ago

On April 17, 2024, the Loadstone Mining Company purchased the rights to a copper mine. The purchase price plus additional costs

mojhsa [17]

The depletion for 2021 is $1,028,000 .

No, depletion is not considered part of the product cost and isn't included in the cost of inventory

<h3>Depletion per ton</h3>

1. Depletion per ton = $4280000/1070000

= $4 per ton

Depletion for 2021 = 257000 tons*$4

= $1,028,000

Therefore, The depletion for 2021 is $1,028,000 .

2. Depletion is not considered as part of the product cost, It is shown as an expense on the income statement and reduced from the value of the natural resource and so it is equivalent to the depreciation of assets.

Therefore, No, depletion is not considered part of the product cost and isn't included in the cost of inventory

To learn more about Depletion visit the link

brainly.com/question/14117351

#SPJ4

8 0

1 year ago

In 1950, the population of a small suburb in los angeles, california, was 20,000. the birth rate was measured at 25 per 1000 pop

Snowcat [4.5K]

Total Population = Current Population + (Population * Birthrate) - (Population *Deathrate) + Immigration rate - emigration rate

Total Population = 20000 + 20000(25/1000) - 20000(7/1000) + 600 - 200

Total Population = 20400 + 500 - 140

Total Population = 20760

8 0

3 years ago

The master budget of Windy Compay shows that the planned activity level for next year is expected to be 50000 machine hours. At

almond37 [142]

Answer:

The correct answer is A.

Explanation:

Giving the following information:

The master budget of Windy Compay shows that the planned activity level for next year is expected to be 50000 machine hours. At this level of activity, the following manufacturing overhead costs are expected: Indirect labor $720000 Machine supplies 180000 Indirect materials 210000 Depreciation on factory building 150000

Total manufacturing overhead $1,260,000

A flexible budget for a level of activity of 60000 machine hours would show total manufacturing overhead costs of:

Variable overhead= 720,000 + 180,000 + 210,000= 1,110,000

Unitary variable overhead= 1,110,000/50,000= 22.2

For 60,000 units:

Total overhead= 22.2*60,000 + 150,000= $1,482,000

3 0

2 years ago