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leva [86]
2 years ago
6

November 12 - Declared a total cash dividend of $45,000 for stockholders of record November 20 payable on December 1. Record the

journal entries required by these events. If no entry is required, select "No Entry" and leave the amount boxes blank. If an amount box does not require an entry, leave it blank. Nov. 12 Nov. 20 Dec. 1 Briefly describe the significance of November 20. It represents the date .
Business
1 answer:
Kisachek [45]2 years ago
4 0

Answer:

Following are the journal entries recorded;

November 12

Debt: Cash Dividend = $45,000

Credit: Dividend Payable = $45,000

Declaration of Cash Dividend is recorded  

November 20

No Entry is recorded

December 01

Debt: Dividend Payable = $45,000

Credit: Cash = $45,000

Cash Dividend Payment recorded

The significance of date November 20 is to record the dividend date, the organization regulates the eligibility of the shareholder to collect the dividend  

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Kooky Cookies Corporation purchased the Crazy Cookie Company. Although this was initially an acquisition, the merging of these t
Jobisdone [24]

Answer:

horizontal; vertical

Explanation:

A merger is called horizontal if the company takes a competitor. This will result in the company taking the current market share of the competitor and widen its operational range, thus its called horizontal.  

A merger will be called vertical if the company joins with the supplier or retailer. Its called vertical since the two businesses located at the different production stages (either on top or bottom). This will help them become more efficient in making or delivering their product, help them to decrease the cost of production.

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Maggie called her insurance agent after estimating the damages. She had already spent $2,000 on pumping out the water and repair
Sonja [21]

The correct answers are B, E and D

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2 years ago
Read 2 more answers
When Terry fed her dog, she noticed that only one can of Alpo Beef Chunk Dinner remained. Since it was the only kind her aging d
pishuonlain [190]

Answer:

When Terry fed her dog, she noticed that only one can of Alpo Beef Chunk Dinner remained. Since it was the only kind her aging dog ate, she stopped at the supermarket and bought a case of Alpo Beef Chunk Dinner dog food. She used habitual decision making process to replenish her stock of can.

Explanation:

As we have seen that Terry feeds her dog with only Alpo Beef Chunk, she don't consider any other option, product and brand, therefore, she needs very less search and almost no evaluation of any other option available in this product category. In this kind of decision making consumers needs very less information about the product because they know what they are going to purchase and they are very less bothered about the other options. Consumers feel almost no frustration in searching for the information and looking into the shelves for the other brands, they just go straight to the racks and pick their products up. Consumers saves their time by using this kind of decision making. In this kind of decision making, human brain form certain patterns, develop habits and therefore, saves energy.

5 0
2 years ago
To address the widespread and growing concern of contaminated food causing serious injury and death to individuals throughout th
MAVERICK [17]

<u>Answer: </u>

By implementing the food safety compliance policy, the food company would only make sure that the food they have given is safely consumable, but by putting consumer safety first, the companies would go beyond the attempts to avoid fine and take special measures to ensure true safety of the consumers.

<u>Explanation: </u>

  • Though the Food and Drug Administration of the United States bears the responsibility of food safety and is accountable towards both, the public and the government, it would not be possible without the cooperation of the food companies to ensure utter food safety for the public.
  • With stringent supervision and the companies sticking to the norms and regulations put by the supervising agencies, it would be possible to eradicate the problems caused by food contamination.
8 0
2 years ago
The Charade Corporation is preparing its Manufacturing Overhead budget for the fourth quarter of the year. The budgeted variable
katrin2010 [14]

Answer:

Correct answer is A.

<u>$14.38 per direct labor-hour</u>

Explanation:

If the budgeted direct labor time for December is 8,000 hours, then total budgeted factory overhead per direct labor hour is (rounded):

Total budgeted factory overhead for December= Variable Factory Overhead rate per direct labor hour *  budgeted direct labor time for December + Fixed Factory Overhead per month

Total budgeted factory overhead for December = 5*8000 + 75000

Total budgeted factory overhead for December = $ 115,000

Total budgeted factory overhead per direct labor hour = Total budgeted factory overhead for December/budgeted direct labor time for December

Total budgeted factory overhead per direct labor hour = 115000/8000

Total budgeted factory overhead per direct labor hour = 14.38

5 0
2 years ago
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