How do I pay taxes once I turn 18?

Fetzer Company declared a $0.35 per share cash dividend. The company has 200,000 shares authorized, 190,000 shares issued, and 8

sp2606 [1]

Answer:

The journal entry to record the dividend declaration would be as follows:

Debit Credit

retained earnings $63,700

common dividend payable $63,700

Explanation:

According to the given data we have the following:

shares issued=190,000

treasury stock=8,000

cash dividend=$0.35

Therefore, to prepare the journal entry to record the dividend declaration we would have to calculate the retained earnings as follows:

retained earnings=(shares issued-treasury stock)*cash dividend per share

retained earnings=(190,000-8,000)*$0.35

retained earnings=$63,700

Hence, The journal entry to record the dividend declaration would be as follows:

Debit Credit

retained earnings $63,700

common dividend payable $63,700

4 0

2 years ago

Categories of manufacturing costs include ______. Multiple select question. direct labor manufacturing overhead direct materials

Luda [366]

Firms do create goods. Categories of manufacturing costs include direct labor, direct materials and manufacturing overhead.

<h3>What are manufacturing costs?</h3>

Manufacturing costs is grouped into materials, labor, and overhead. They are kinds of direct costs.

Manufacturing cost is known to be the amount of costs of all resources taken into the process of creating a product. The manufacturing cost is grouped into three categories called: direct materials cost, direct labor cost and manufacturing overhead.

Learn more about manufacturing costs from

brainly.com/question/13767214

4 0

1 year ago

True or false: A flexible budget reporting sales volumes at three different levels will have the same fixed costs.

lapo4ka [179]

Answer:

True

Explanation:

A flexible budget is a budget in which you modify the activity levels to reflect changes in sales to help the company adjusts to different circumstances that may occcur. Also, in this budget the fixed costs remain constant and the variable costs change with the activity levels. According to this, the answer is that the statement that says that a flexible budget reporting sales volumes at three different levels will have the same fixed costs is true.

5 0

3 years ago

One of your customers is delinquent on his accounts payable balance. you’ve mutually agreed to a repayment schedule of $750 per

liubo4ka [24]

In this problem, we need to find the length of an annuity. We already identified the interest rate, the PV, and the payments.
Using the PVA equation: PVA =C({1 – [1/(1 +r)t]} /r
$18,000 = $750{[1 – (1/1.019) t] / 0.019}
Then solve for t:
1/1.019t= 1 − {[($18,000)/($750)](0.019)}
1/1.019t= 0.544
1.019t= 1/(0.544) = 1.838
t= ln 2.193 / ln 1.019 = 32.34 months or 2.7 in years

4 0

2 years ago

Exercise 4-15A Calculate net cash flows (LO4-7) Below are several transactions for Meyers Corporation for 2021. Issue common sto

Maru [420]

Answer:

$12,600

Explanation:

Particulars Amount

a. Issue common stock for cash $40,000

b. Purchase building and land with cash, -$25,000

c. Provide services to customers on account $6,000

d. Pay utilities on building -$500

e. Collect $4,000 on account from customers $4,000

f. Pay employee salaries -$8,000

g. Pay dividends to stockholders -<u>$3,900</u>

Net Cash Flow <u>$12,600</u>

7 0

2 years ago