As a result of this question, the gross domestic product will rise by $5,000.
Exactly what the GDP means?The term "Gross Domestic Product," or GDP, refers to the total monetary worth of all finished goods and services produced (and marketed) within a nation within a specific time period (typically 1 year). Purpose. The most often used indicator of economic activity is the GDP.
How is the GDP determined?The total amount of money spent during a specific time period by firms, consumers, and the government can be used to compute GDP. It can also be determined by adding up the total amount of money that each economic participant has received. The figure is an estimate of "nominal GDP" under both scenarios.
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This is the difference between the interest rate on a us treasury bond and a corporate bond of the same profile—that is, the same maturity and marketability.
Default Risk Premium (DRP) is the difference between the interest rate on a us treasury bond and a corporate bond.
What is marketability?
In the field of economics, a market is a collection of mechanisms that allow for the exchange of goods and services between parties. The majority of markets rely on sellers providing their goods or services to purchasers in exchange for money, however parties may exchange goods and services by barter.
Therefore,
This is the difference between the interest rate on a us treasury bond and a corporate bond of the same profile—that is, the same maturity and marketability.
Default Risk Premium (DRP) is the difference between the interest rate on a us treasury bond and a corporate bond.
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Insurance is a financial risk that allows a
Answer:
The insurance risk class allows insurance companies to determine the amount of coverage needed, as well as how much that coverage should cost.
Hope it helps! :)
Ronda’s cake store earned $3,750 in total revenue last month when it sold 125 cakes. This month it earned $3,600 in total revenue when it sold 90 cakes. The price elasticity of demand for ronda’s cake store is.
The price elasticity of demand for Ronda’s cake store is 0.125.
What is the price elasticity of demand?The price elasticity of demand measures the responsiveness of the quantity demanded by a consumer with respect to a specific change in price of the product, all things being equal (ceteris paribus).
Mathematically, the price elasticity of demand can be calculated by using this formula;
Price elasticity of demand = (Q₂ - Q₁)/[(Q₂ + Q₁)/2]/(P₂ - P₁)/[(P₂ + P₁)/2]
Substituting the given parameters into the formula, we have;
Price elasticity of demand = (3750 - 3600)/[(3750 + 3600)/2]/(125 - 90)/[(125 + 90)/2]
Price elasticity of demand = (150)/[(7350)/2]/(35)/[(215)/2]
Price elasticity of demand = [(150/3675)/(35/107.5)]
Price elasticity of demand = 0.0408/0.3256
Price elasticity of demand = 0.125.
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BRIEF EXERCISE 3. 2 Recording Transactions in a Journal & LO3-3LO3-4, GLO3-5
Record the following selected transactions in general journal form for the Weston Gastroenterology Glinic. Include a brief explanation of
the transaction as part of each journal entry.
Page 123
May 1
May 4
May 12
May 19
The clinic Issued 1,000 additional shares of capital stock to Doctor Weston at $75 per share.
The clinic purchased scoping equipment. The equipment cost $90,000, of which $30,000 was paid in cash; a note!
Issued a check for $2. 400 In full payment of an account payable to Leah Laboratories.
Purchased office supplies on account for $240. Payment is due in full by June 10.
May 25 Collected a $15,000 account receivable from the Goosinger Medical Insurance.
May 31 Declared and paid a $50,000 cash dividend to stockholders.
The journal entry for the Weston Gastroenterology Glinic will be as follows: May 1 Bank debit to shares 75000, May 4 Scoping equipment Ac. debit to cash Ac. 30000 to amount outstanding 60000.
.
More about journal entry :
The date, the amount to be credited and debited, a brief description of the transaction, and the accounts involved are all included in each journal entry along with other information pertinent to a single business transaction. Depending on the business, it could include a list of the impacted subsidiaries, tax information, and other details. Other Journal Entries are as follows:
May 12 Leah Ac. debit to bank ac. 2400,
May 19 Office supplies Ac. debit to Amount outstanding 240
May 25 Account receivable Ac. debit to Goosinger Ac. 15000
May 31 Stockholders Ac. debit to cash Ac. 50000
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the rogers corporation has a gross profit of $792,000 and $277,000 in depreciation expense. the evans corporation also has $792,000 in gross profit, with $43,300 in depreciation expense. selling and administrative expense is $188,000 for each company. given that the tax rate is 40 percent, compute the cash flow for both companies.
Rogers Evans Cash flow $473,200 $379,720.
Cash flow refers to the net balance of cash entering or leaving a company at any given time. Cash flows in and out of business all the time. For example, when a retailer purchases inventory, money flows from the store to the supplier. NPV is calculated by taking the present value of all cash flows over the life of the project.
calculation,
Roger A gross profit of $792,000
depreciation expense $277,000.
Evans corporation has gross profit = $792,000
depreciation expense = $43,300
Selling and administrative expense is $188,000from both.
Taking the 40 of gross profit
40% of $792,000
40% of $277,000
therefore, Roger = $473,200
Evans = $379,720
Next, subtract the present value of the cash flows from the initial investment amount. Cash flow is calculated by taking the net income value at the end of the reporting period. We then adjust this net earned value using the balance sheet figures to eliminate the impact of non-cash movements reflected in the income statement. Cash flows from operating activities include expenses incurred in the ordinary course of business activities.
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Sae wanted to buy a t-shirt for $45. She chose to wait for the t-shirt to go on-sale instead. Fortunately, she did not have to wait long. Her shirt went on sale the very next week for $10. How much did sae save on the price of her shirt and sales taxes by waiting one week. The sales tax in her state is 9%.
If the sales tax in her state is 9%, Sae save on the price of her shirt and sales taxes by waiting one week by $ 3.15
Earlier Price = $45
New Price = $ 10
Saving on the Price = Earlier Price - New Price
= $ 45 - $ 10
= $ 35
Sales Tax Saving = $ 35 * 9% = $ 3.15
Sales Tax Savings refers to all Sales Tax Exemption savings achieved by or for the benefit of the Company, including any savings achieved by any Agent on the Company's behalf, in accordance with this Lease Agreement and each Sales Tax Agent Authorization Letter granted in relation to the Facility.Learn more about Sales Tax Savings, here
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What happens to the equilibrium price and quantity when demand increases and simultaneously supply decreases, and the relative size of the shifts is not known?.
What will happen is that the equilibrium quantity may rise, fall, or remain the same, and the equilibrium price will fall.
The equilibrium quantity of a good is that which corresponds to the point where the supply and demand curves intersect in the market, at a given price. Therefore, we can say that it is the quantity that producers are willing to sell, and consumers are willing to buy. All this at a price that allows both parties to agree. This, in turn, is the equilibrium price of a perfectly competitive market. In this theoretical situation there is no shortage or excess in the market.
In it, there is a supply curve (O) and a demand curve (D). For simplicity, we use the equation of the line. Both represent all producers and consumers. Therefore, they are the production and consumption preferences of a type of good.
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The ________ created by porter states that firms should create new, more efficient business processes that integrate the activities of all departments involved in a value chain.
Porter's business process design recommends that companies develop fresh, more effective business procedures that integrate the operations of all the departments engaged in a value chain.
What exactly is a value chain?A value chain is a methodical corporate strategy for taking a good or service from conception to completion.Value chains assist businesses in being more efficient so they can provide the most value for the least amount of money.A value chain's ultimate objective is to provide a business a competitive edge by boosting productivity and controlling expenses.The five major activities and four supporting activities of a corporation are examined under the value-chain theory.It's essential for businesses to maintain client confidence and security so they can keep them as loyal customers in addition to making sure production processes are seamless and effective.To know more about value chain, refer to the following link:
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symantec provides a , which is a return of part of the purchase price of a product to purchasers who return a copy of their receipt and a part of the product container.
pattern bargain rebate point-of-purchase cut price is a return of part of the purchase rate of a product to clients who return a reproduction of their receipt and a section of the product container.
What is a POS rebate?Point-of-sale (POS) rebates are one feasible advantage graph solution. POS rebates directly share with patients the discounts that PBMs negotiate with manufacturers.
A latest survey of large employers by using the National Business Group on Health (NBGH) suggests this alternate may be coming.
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https://brainly.com/question/12141027#SPJ4a small company wishes to set up a fund that can be used for technology purchases over the next 6 years. their forecast is for $14,000 to be needed at the end of year 1, decreasing by $2,000 each year thereafter. the fund earns 9% per year. how much money must be deposited to the fund at the end of year 0 to just deplete the fund after the last withdrawal?
The amount that has to be deposited at the end of year zero is $ 60561.77 (rounded to the nearest cent).
How do we find the amount to be deposited after the end of zero year?We need an amount x to be deposited at the end of 0 year (or beginning of year 1).
To solve the problem, Let's replace the problem by
An annual cash-out of A=$18000 for n=6 years, added ontoA cash-in gradient of G=$2000 annually starting at the end of year 2. 9% is the Annual rate.Present value of $18000 annual cash-out
Pa = [tex]\frac{A((1+i)^n-1)}{(1+i)^n}[/tex]
= [tex]\frac{18000((1+0.09)^6-1}{(0.09+1)^6}[/tex]
= - 80746.53
Present value of G=$2000 annual gradient
Pb = [tex]\frac{G((1+i)^n-in-1}{1^2(1+i)^n}[/tex]
Pb = [tex]\frac{2000(1+0.09)^6-0.09(6)-1}{0.09^2(1+0.09)^6}[/tex]
Pb = 20184.77
Total Present Value of Expenses = -$80746.53+$20184.77=-60561.77
Amount needed at the end of year zero = -(-60561.77)= $60561.77
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a single alternative decision structure tests a condition and then takes one path if the condition is true, or another path if the condition is false.
In a single alternative decision structure, if a condition is tested and found to be true, one option is taken; if found to be false, a different path is taken.
This statement is False.
The single alternative selection structure is what.
The simplest decision control structure is this one. It only contains a statement or group of assertions that follow the "true" route. The statement, or block of statements, of the structure are performed if the Boolean expression evaluates to true; else, the statements are skipped.
Dual alternative selection structure: what is it?
In a dual alternative decision structure, there are two possible directions in which to proceed: if one of two conditions is true, one path is followed; if the other is false, a different path is followed.
In Python, what is a single alternative decision structure?
In a single alternative decision structure, if a condition is tested and found to be true, one option is taken; if found to be false, a different path is taken.
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how does an increase in the price of laptop memory chips affect the market of laptops? a. the demand curve for laptops to shift to the right b. the demand curve for laptops to shift to the left c. the supply curve for laptops to shift to the right d. the supply curve for laptops to shift to the left
An increase in the price of laptop memory chips affect the market of laptops by the supply curve for laptops to shift to the left.
What is supply curve?The supply curve is a visual representation of the relationship between the price of an item or service and the volume delivered over a specific time.The number of items delivered typically increases together with an increase in price on supply curves.On the basis of demand, supply curves may frequently predict whether a commodity's price will rise or fall, and vice versa.For products with a more elastic supply, the supply curve is steeper (closer to vertical), whereas for products with a less elastic supply, it is shallower (closer to horizontal).The main elements of the law of supply and demand are the supply and demand curves.To learn more about supply curve visit:
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What equal annual payment series is required to repay the following present amounts?
Information is not sufficient to answer the question.
What is annual payment series?Annual Payments means Annual Payments due and payable as provided for and computed in accordance with provisions of the Financing Agreement (State Project), the provisions of Financing Agreement (Voluntary Agency Project) and such provisions as shall be contained in the any Other Agreement.
Annual Payments means, with respect to any Material Contract, (x) total amount of the payments expected to be paid or received, as applicable, under such Material Contract (y) divided by total number of years of the term of such Material Contract.
Here's how to calculate the annualized salary: Divide earned income by the number of months worked to figure out the monthly income. Multiply monthly income by 12 (the number of months in a year) to get the annual payment.
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A corporation is a legal with authority to act and have liability separate from its owners.
A corporation is a separate legal entity with the authority to act and has liability separate from its owners.
What is a separate legal entity?Separate legal entities (SLEs) are specific kinds of legal entities with detachable responsibilities that are recognized in the US. Any type of business, such as a corporation or limited liability company, is set up as an SLE to be legally distinct from the owner or individual.
A company may have some of the same legal rights as an individual if it is a separate legal entity. It can, for instance, make contracts, bring legal action, and be sued, as well as own property. A partnership or sole proprietorship lacks a distinct legal entity.
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juanita patricia morgan’s credit card company quotes her a rate of 17.9 percent. interest is billed monthly. what is the effective annual rate of interest juanita is paying?
For instance, an effective interest rate of 6.17% is the same as a nominal interest rate of 6% compounded monthly. Every month, 6% compounded is credited as 6%/12 = 0.005.
How is effective interest compounded quarterly determined?Following are the calculations and formula: Nominal rate divided by the quantity of compounding periods is the effective yearly interest rate. - 1 + (number of compounding periods) - (number of compounding periods) - 1. As an example: 10.47% = (1 + 10% / 12)) Investment A is worth 12 to 1. The following would apply to investment B: 10.36% = (1 + (10.1% / 2)) 2 - 1.
How can I figure out the real interest rate?The effective interest rate can be calculated using a simple formula: r = (1 + i/n)n - 1. The stated interest rate (I), effective interest rate (R), and number of compounding periods (N) each year are the three variables in this equation.
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Customers arrive at a checkout counter in a department store according to a poisson distribution at an average of seven per hour. during a given hour, what are the probabilities that:________
From the information given in the Poisson Distribution, the probability that that no more than three customers arrive that is P (X≤3) = 0.0817.
What is a Poisson Distribution?The Poisson distribution is a discrete probability distribution in probability theory and statistics that articulates the likelihood of a specific number of events happening in a fixed interval of time or space if these events occur with a particular frequency mean rate and regardless of the time since the last event.
What Are the Poisson Distribution's Assumptions?To be correct, all events must be independent of one another, the pace of occurrences must be steady across time, and events cannot occur concurrently. Furthermore, the mean and the variance will be equal.
What is the justification for the above result?According to a Poisson distribution, seven people come at a checkout counter in a department store every hour on average. i.e λ=7
Probability (P) that no more than three customers arrive is notated as P(X≤3)
= P(X=0) + P(X=1) + P(X=2) + P(X=3)
= Poisson (3,7,1)
= 0.0817
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Full Question:
Customers arrive at a checkout counter in a department store according to a Poisson distribution at an average of seven per hour. During a given hour, what are the probabilities that no more than three customers arrive?
To determine if an opportunity is attractive or unattractive for a firm, marketers can use an analysis of the external and internal environments such as through.
Marketers can use an analysis of the external and internal environments such as through SWOT analysis.
SWOT stands for (Strength, Weakness, Opportunities & Threats), with the help of this method business organizations try to identify the internal strength and weaknesses of and organization and the presence of opportunities and threats in external environment. The two segments, strength and weakness are internal to the company, and which can be controlled and made better, whereas opportunities and threats are a result of dynamic external environment which is not in the hand of the organization and depend upon various factors such as economic conditions in the country, government rules and regulations, social factors etc.
The businesses are always required to scan their environment regularly to identify the threats and opportunities and at the same time should also work on their strengths and weaknesses. SWOT analysis is really a helpful measure that can help a business to combat its problems and will help it in making an efficient decision.
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Technological advancements have led to lower prices and an increase in the sale of color laser printers. how does this affect the market for traditional inkjet printers?
If Technological advancements have led to lower prices and an increase in the sale of color laser printers. how it affect the market for traditional inkjet printers is: a. The demand curve for laser printer ink cartridges shifts to the right.
What is demand curve?Demand curve can be defined as the curve that help to show the price of products in the market and the amount that are demanded at a specific period of time.
Due to technological advancements this had led to demand curve for laser printer ink cartridges to shifts to the right.
Therefore If Technological advancements have led to lower prices and an increase in the sale of color laser printers. how it affect the market for traditional inkjet printers is: a. The demand curve for laser printer ink cartridges shifts to the right.
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The complete question is:
Technological advancements have led to lower prices and an increase in the sale of color laser printers. How does this affect the market for laser printer ink cartridges?
a. The demand curve for laser printer ink cartridges shifts to the right.
b. The demand curve for laser printer ink cartridges shifts to the left.
c. The quantity of laser printer ink cartridges demanded increases.
d. The quantity of laser printer ink cartridges demanded decreases.
assume that abc’s land and buildings had a book value of $1,000,000 and fair value of $1,200,000. what is the value of lands and buildings reported on the consolidated balance sheet after acquisition? a. $1,600,000 b. $1,800,000 c. $1,900,000 d. 2,100,000
Credit to Additional Paid-in Capital is $1,800,000
What is additional paid in capital ?As the name suggests, additional paid-in capital solely refers to the sum paid beyond the par value of shares of stock issued during an initial public offering (IPO). In the SE area of the balance sheet, both of these items are listed next to one another.
Additional paid-in capital, as used in accounting, is the worth of a company's shares over the price at which they were initially issued. Both regular and preferred shares are subject to this. For illustration, a business might price its shares at $1 each. Investors might be ready to pay $2 per share to invest in the business, though.Learn more about Additional Paid-in capital here:
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Which of the following is/are classified as hardware?
•computers
•storage devices
•input devices
•output devices
Answer:
D. output device
Explanation:
because when you enter data into the computer it gives you the results as the hardcopy/hardware.
Hillman corporation reported a decrease in accounts receivable of $391,216. This is best defined as a _________ of cash on the _______________ segment on the statement of cash flows.
Hillman Corporation reported a decrease in accounts receivable of $391,216. This is best defined as a source of cash on the operating activities segment on the statement of cash flows.
What is Cash Flow Statement?
A cash flow statement is a type of financial statement that gives total information about all of the cash inflows a business makes from continuing activities and outside investment sources. It also includes any cash outflows made within a specific time period to cover investments and business expenses. Because it tracks the cash generated by the business in three key ways—through operations, investments, and financing—the cash flow statement is seen to be the most understandable of all the financial statements. Net cash flow is the total of these three components. An important document that gives interested parties information about all of a company's activities is the cash flow statement.
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The Shirt Works sells a large variety of tee shirts and sweatshirts. Steve Hooper, the owner, is thinking of expanding his sales by hiring high school students, on a commission basis, to sell sweatshirts bearing the name and mascot of the local high school.
These sweatshirts would have to be ordered from the manufacturer six weeks in advance, and they could not be returned because of the unique printing required. The sweatshirts would cost Hooper $16.00 each with a minimum order of 203 sweatshirts. Any additional sweatshirts would have to be ordered in increments of 203.
Since Hooper’s plan would not require any additional facilities, the only costs associated with the project would be the costs of the sweatshirts and the costs of the sales commissions. The selling price of the sweatshirts would be $32.00 each. Hooper would pay the students a commission of $7.00 for each shirt sold.
Required:
1. What level of unit sales and dollar sales is needed to attain a target profit of $7,308?
2. Assume that Hooper places an initial order for 203 sweatshirts. What is his break-even point in unit sales and dollar sales? (Round your intermediate calculations, round "Break-even point in unit sales" up to the nearest whole unit and round "Break-even point in dollar sales" to the nearest whole dollar.)
3. How many sweatshirts would Hooper need to sell to earn a target profit of $8,222? (Round final answer up to the nearest whole unit.)
1. The unit and dollar sales levels needed to attain a target profit of $7,308 are 812 and $25,984.
2. The break-even point with 203 sweatshirts is $4,669.
3. The unit sales level needed to attain a target profit of $8,222 is 914.
What is the break-even point?The break-even point represents the required sales units for no profit or loss to be achieved.
At the break-even point, the total revenue equals the total costs (fixed and variable).
Data and Calculations:Selling price per sweatshirt = $32
Variable cost per unit = $23 ($7 + $16)
Contribution margin per unit = $9 ($32 - $23)
Contribution margin ratio = 0.28125 ($9/$32)
Fixed costs = $0
Target profit = $7,308
1. Sales level to attain a target profit of $7,308 = 812 units ($7,308/$9)
And $25,984 ($7,308/0.28125)
2. Break-even point with 203 sweatshirts = $4,669 ($23 x 203)
3. Target profit = $8,222
Sales level to attain a target profit of $8,222 = 914 units ($8,222/$9)
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A company that competes on price and focuses intensely on operations efficiency uses a? a. focus strategy. b. cost strategy. c. integration strategy. d. differentation strategy.
A company that competes on price and focuses intensely on operations efficiency uses a cost strategy. So correct answer is option b.
Businesses can use the best-cost strategy as a tool to offer their customers high-quality goods at competitive prices. This strategy, when used properly, may make businesses stand out from the crowd. You can maintain client satisfaction by learning when to use a best-cost strategy. In this post, we study the best-cost method, look at why it's beneficial to employ one, and look at the difficulties and advantages of doing so. A best-cost approach aims to offer distinctive, high-quality goods or services at the lowest cost.
The question is incomplete, Complete question is:
A company that competes on price and focuses intensely on operations efficiency uses a
a. differentiation strategy.
b. focus strategy.
c. cost strategy.
d. integration strategy.
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the four marketing management philosophies are .a. production, price, market, and socially responsible orientationsb. sales, distribution, market, and consumer-focused orientations
Four marketing management philosophies are Production orientation, Sales orientation, market orientation, Societal marketing orientation
What is a marketing operation?Marketing operation is the organizational discipline that focuses on the practical operation of marketing exposure, ways, and styles inside enterprises and associations, and the operation of an establishment's marketing resources and exertion.Marketing operation employs tools from economics and competitive strategy to anatomize the sedulity terrain in which the establishment operates.What is the main end of marketing?Marketing aims to deliver standalone value for prospects and consumers through content, with the long-term thing of demonstrating product value, strengthening brand dedication, and ultimately adding deals.Learn more about marketing here:
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Elasticity of demand is closely related to the slope of the demand curve. The more responsive buyers are to a change in price, the.
The more responsive buyers are to a change in price, the flatter the demand curve.
The types of chart.In Economics, there are two main types of chart that can be used to illustrate the relationship between the total quantity of goods or services that are demanded by consumers and the total quantity of goods or services that were supplied by a manufacturer (producer) at a particular price and these include the following:
Supply curve (schedule)Demand curve (schedule)What is the price elasticity of demand?The price elasticity of demand measures the responsiveness of the quantity demanded by a consumer with respect to a specific change in price of the product (good), all things being equal (ceteris paribus).
Generally speaking, the price elasticity of demand and the slope of a demand curve are closely related. This ultimately implies that, the more responsive buyers (consumers) are to a change in price, the flatter would be the demand curve.
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Complete Question:
Elasticity of demand is closely related to the slope of the demand curve. The more responsive buyers are to a change in price, the ______________ the demand curve.
a. steeper
b. further to the right
c. flatter
d. closer to the vertical axis
given the following information, determine net income. the retained earnings balance on january 1, 20y8, is $56,000; dividends during 20y8 total $18,350; and the retained earnings balance at december 31, 20y8, is $71,850.
Net Income : (Retained earnings at the end of the year - Retained earnings at the beginning of the year) + Dividends
Net Income : ($71,850 - $56,000) + $18,350
Net Income : $15,850 + $18,350
Net Income : $34,200
Net income refers to the income of an individual or business after deducting expenses, allowances and taxes. In commerce, net income is what is left in the business after all expenses such as salaries and wages, cost of goods and raw materials, and taxes.
Is Net income the Same as Profit?
Profit simply means the remaining income minus expenses. It exists at multiple levels, depending on the type of cost that is deducted from the revenue. Net income, also known as net profit, is a single number that represents a particular type of profit. Net income is the famous last line of financial statements.
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windswept, incorporated, has 310 million shares of stock outstanding. its price-earnings ratio for 2021 is 20. what is the market price per share of stock?
The calculated market price per share is $31.61.
What is price earning ratio ?The market price per share to earnings per share ratio is what this ratio is known as (EPS). By comparing the market price of the share to the fundamentals of the business, such as net income, it provides an indication about the share's value. A mature business typically has a low P/E ratio. In contrast, it is typically high for a business that is expanding.
The market price of a share is divided by the earnings per share to determine the P/E ratio. The market price of a share is divided by the earnings per share to determine the P/E ratio. As an illustration, the market price of an ABC Company share is Rs 90, while the share's earnings are Rs 9. P/E = 90 / 9 = 10.Learn more about Price earning ratio here:
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All of the following are examples of enumerated powers except? a) coining money b) creating a national bank c) establishing post offices d) maintaining a navy
Answer:
B should be it :D btw can i have brainlyest
Explanation:
All of the choices given are examples of enumerated powers EXCEPT for establishing a national banking system. These powers allow the government to make more bills and create bills is needed. They can also regulate the value of money. They cannot establish a national banking system. The correct answer is B.
Explanation:
Colgate-palmolive secured the endorsements of dentists to make the claim that colgate total toothpaste is the number-one recommended toothpaste by most dentists, a tactic that is most effective at.
Colgate-Palmolive secured the endorsements of dentists to make the claim that Colgate total toothpaste is the number-one recommended toothpaste by most dentists, a tactic that is most effective. decreasing perceived risk.
Dentists are doctors because they are oral and dental doctors, and some expand their throats. Dentists are listed as DDS (dental surgeon) and DMD (dentist). A dentist is as valuable as a doctor.
The majority of dental students obtain a bachelor's degree before entering dental school. Some have college degrees. Some dental schools accept some students through an early entry program with a two to three-year preparatory period.
Colgate-Palmolive Company is an American multinational consumer goods company headquartered on Park He Avenue in Midtown Manhattan, New York City. We specialize in manufacturing, marketing, and supplying household, healthcare, personal care, and veterinary products.
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During the year, smite company declared and paid dividends in the amount of $50,000. as part of the closing process, smite should?
As part of the closing process, smite should: debit retained earnings and credit dividends
What are the appropriate journal entries for dividends declaration?
When dividends payable to shareholders are declared, we would debit retained earnings, note a debit income account decreases and that the dividends are funded from the retained earnings.
Besides, we would credit dividends payable because the dividends are obligation upon Smite company until paid in cash, in other words, the dividends payable account would be credited initially and debited when paid, this is different from the actual cash payment of dividends which requires that the dividends payable account be debited as a decrease in liability and cash account be credit as a reduction in assets, since cash is a current asset of the company
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