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Ksenya-84 [330]
2 years ago
11

The balance in retained earnings at December 31, 2020 was $1440000 and at December 31, 2021 was $1168000. Net income for 2021 wa

s $1008000. A stock dividend was declared and distributed which increased common stock $499000 and paid-in capital $99000. A cash dividend was declared and paid.
The amount of the cash dividend was:___________
a) $381000.
b) $781000.
c) $682000.
d) $1280000.
Business
1 answer:
fomenos2 years ago
5 0

Answer:

C. $682,000

Explanation:

Given the above information, the computation of cash dividend is seen below;

Beginning retained earnings (2020) + net income - Stock dividend - Cash dividend = Retained earnings

$1,440,000 + $1,008,000 - ($499,000 + $99,000) - Cash dividend = $1,168,000

$2,448,000 - $598,000 - Cash dividend = $1,168,000

Cash dividend = $2,448,000 - $598,000 - $1,168,000

Cash dividend = $682,000

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if, after one year, the yield to maturity on a multiyear coupon bond that was issued at par is lower than the coupon rate, what
maw [93]

When the YTM is lower than the bond's coupon rate, the bond's market value exceeds its par value (premium bond). Bonds are selling at a discount if their coupon rate is smaller than their YTM. A bond is trading at par if its coupon rate is equal to its yield to maturity (YTM).

<h3>What is the cost of a $1,000 par value, three year, zero-coupon bond?</h3>

(a) A three-year zero-coupon bond with a face value of $1,000 would have a present value (or price) of 874.69 with a yield of 4.564 percent.

<h3>What is the yield to maturity on a discount bond with a $1000 face value that will mature in a year and sell for $800?</h3>

The yield to maturity is determined using the following formula with the current price of $800: 800 = 1000 / (yield to maturity plus one) Yield to maturity Equals 1 plus yield.  Yield until maturity equals 25%

To Know more about coupon rate

brainly.com/question/16913107

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5 0
1 year ago
You have the following information for Wildhorse Co. for the month ended October 31, 2017. Wildhorse Co. uses a periodic method
Dmitry [639]

Answer:

The weighted-average cost by unit is $28,338.

Explanation:

AVCO Perpetual chart is attached.

AVCO Perpetual chart shows purchases , sales and balance of each period. Highlighted you will find the balance at the end of every purchase or sale.

When you have a purchase: Use the following formula to get the weighted-average cost by unit:

(P₁*Q₁)+(P₂*Q₂)/(Q₁+Q₂)

P₁ and Q₁ are the balance from operation that you made before.

P₂ and Q₂ is the data of the new operation (new purchase)

When you have a sale: you only discount the Quantity and use the average cost by unit to get the final inventory.  

The balance at the end of October is

Units Unit Cost Total

76         $28,338          $2.153,720 

Download xlsx
3 0
3 years ago
In responsibility accounting, unit managers are evaluated only on things that they can:________
hammer [34]

Answer: have control over

Explanation:

Responsibility accounting is a system of accounting whereby responsibility centers are identified and the performance reports of such responsibility centers are prepared and analysed.

Responsibility accounting has to.do with the internal accounting for the responsibility center that the company has and their budgeting.

In responsibility accounting, unit managers are evaluated only on things that they can control or have control over.

7 0
2 years ago
Read 2 more answers
What internal factors affect the decision-making process of a leader?
Lena [83]

Answer:

Training, support, employee performance, company values and technology.

Explanation:

Training: All leaders must have training, such as how to perform performance evaluations. Training in practical issues and management tasks encourages leaders to be more responsible.

Support: Leaders should have the support of the organization. The company's support for its department decisions and professional aspirations is essential for the development of better leaders.

Employee performance: The aptitude and professional interests of the personnel form the basis of the decisions that the leaders take when delegating tasks and responsibilities to the employees, being the same leaders the final responsibility for the result.

Company values: Leaders who work for successful, high-level organizations demonstrate pride and commitment to their positions.

Technology: Technological solutions give the leader greater productivity and efficiency. Technology is a fundamental factor for leaders because it affects their performance.

Have a nice day!

6 0
3 years ago
Which resources would be classified as a land factor of production?
Pani-rosa [81]
Answe: C timber
Explanation:because is a resouce that is in land factor of production
8 0
3 years ago
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