Answer:
The amount of cash for the payment of dividends during the year is B. $40,000
Explanation:
To Determine the amount of cash for the payment of dividends during the year, we open a Dividends Payable T - Account and find the amount via <em>missing figure approach</em> as follows:
Debits :
Cash (<em>Balancing figure</em>) $40,000
Ending of year Dividends Payable $15,000
Totals $55,000
Credits :
Beginning of year Dividends Payable $10,000
Dividends declared during the year $45,000
Totals $55,000
Answer: Option C
Explanation: In simple words, the removal of restrictions on some particular product or industry by the authorities is called deregulation.
Deregulation is the process that is used when the Govt of any country wants to develop a particular industry and wants the free market flow in that industry or that particular product.
This process usually happens in economies due to the political pressures. Hence from the above we can conclude that the correct option is C .
Answer: Fun Fact: Clay is an important part of soil because it contains nutrients that are essential to plant growth
Explanation:
Answer: D. Specific identification
Explanation: The specific identification method of inventory taking is probably the most time consuming. This is because it is based on principles which are: being able to track each item in an inventory; being able to track the cost of each item individually; being able to relieve inventory for the specific cost associated with an inventory item when it is sold. It is quite clear then that despite its high degree of accuracy to the cost of inventory, it is very time-consuming as it tracks inventory items on individual unit basis restricting its use to smaller inventory volumes and smaller firms.
Answer: Third
Explanation:
Diminishing returns to labor refers to the phenomenon where every additional worker leads to an increase in production at a decreasing rate.
Using the scenario described, when there was only one employee the company could mow 4 lawns a day. They added a 2nd worker and that figure went to 9 lawns a day which is an increase of FIVE.
When they added a 3rd worker, the figure again went up but only to 12 which is an increase of THREE only as opposed to the last increase of FIVE.
After the third worker therefore, there was an increase but at a smaller rate.
