Answers
Answer with explanation:
Total shares = 250,000
Dividend per share = $ 2
Total dividend = (Total shares) x (dividend ) = 250,000 x 2 = $500,000
So, the journal entry for the payment of the Cash dividend on April 2 would be :
Date particular business transaction Debit Credit
April 2 Dividend payable A/c Dr. $500,000
To cash A/c Cr. $500,000
The journal entries that would take place in the books of Davis enterprises as on April 2nd will take effect as debit in dividend payable Ac which would in turn be credited to the Cash Ac.
Journal entries is a simple format of recording the financial transactions of an organization in a chronological manner as they keep occurring in the business.
There will be debit in dividend payable account which would lead to take entry in the cash ac in the ledger accounts of the organization, here, Davis Enterprises.There are 250000 share outstanding at the end of Davis Enterprises and the dividend of $2 has been declared per share which will lead to declaration of $500000 dividend in amount.This $500000 will be distributed proportionately among the shareholders of the firm by virtue of number of shares being held by them in their demat accounts as on the record date.Hence, the dividend of $500000 will be declared by Davis Enterprises and the journal entries are attached below.
To know more about journal entries, click on the link below.
https://brainly.com/question/17439126
Related Questions
A proposed new investment has projected sales of $850,000. Variable costs are 60 percent of sales, and fixed costs are $174,000; depreciation is $75,000. Prepare a pro forma income statement assuming a tax rate of 30 percent. What is the projected net income
Answers
Answer:
63,700Explanation:
Sales: 850,000
Variable Cost: (850,000*60%) = 510,000
Contribution Margin = 850k-510k= 340,000
Fixed cost = 174,000
Depreciation = 75,000
Earnings Before Taxes = 91,000
Taxes (30%) = (27,300)
Net Income 63,700otal asset turnover 2.6 Profit margin 6.6 % Equity multiplier 1.5 Payout ratio 25 % What is the sustainable growth rate?
Answers
Answer:Sustainable growth rate =0.19305=19.305%
Explanation:
Sustainable growth rate is calculated as
Return on equity X (1 - dividend payout ratio)
But
Return on equity = profit margin X total asset turnover X equity multiplier
= 6.6% X 2.6 X 1.5
= 0.2574 X 100
=25.74%
The dividend payout ratio is 25% or 0.25
Sustainable growth rate =25.74% X (1-0.25)
=0.2574 X 0.75
=0.19305 X 100
=19.305%
What is a determinant of demand that would cause demand to increase?
Answers
Answer:
Increase in income
Increase in price of substitutes
Change in taste
Explanation:
If income increases, the demand for a good rises as the amount of disposable income increases,
A substitute good is a good that can be used in place of another good. e.g. pen and pencils. If the price of a substitute (e.g. pens) increases, it becomes more expensive. Consumers would shift to the demanding pencils. As a result the demand for pencils would increase
A change in taste. For example, if an individual prefers pencils to pens. he would demand more of pencils and less of pend. As a result, the demand for pencils would increase
The LaGrange Corporation had the following budgeted sales for the first half of the current year:
Cash Sales Credit Sales
January $60,000 $160,000
February $65,000 $180,000
March $50,000 $140,000
April $45,000 $130,000
May $55,000 $210,000
June $90,000 $240,000
The company is in the process of preparing a cash budget and must determine the expected cash collections by month. To this end, the following information has been assembled:
Collections on sales:
45% in month of sale
35% in month following sale
20% in second month following sale
The accounts receivable balance on January 1 of the current year was $85,000, of which $55,000 represents uncollected December sales and $30,000 represents uncollected November sales.
The total cash collected during January by LaGrange Corporation would be:_________
Answers
Answer:
$168,250
Explanation:
Total Cash Collection would include cash collected from both Cash Sales and Credit Sales.
Summary for Calculation of January Cash Collected
Cash Sales $60,000
Credit Sales :
For January Sales ($160,000 × 45%) $72,000
For December Sales ($55,000 × 55%) $30,250
For November Sales ($30,000 × 20%) $6,000
Total Collection $168,250
Conclusion :
The total cash collected during January by LaGrange Corporation would be $168,250
The total cash collected during January by LaGrange Corporation would be:$197,000.
Cash collected:
November receivables collections $30,000
December receivables collections $35,000
($55,000 × 35%/55%)
January cash sales $60,000
January credit sales collection $72,000
($160,000×45%)
Total collection $197,000
Inconclusion the total cash collected during January by LaGrange Corporation would be:$197,000.
Learn more about cash collection here:https://brainly.com/question/24179665
I'm asking again because I legit need help on this. Best answer gets brainliest.
One of the biggest differences between a public sector business and a private sector business is the use of tax dollars. Public sectors businesses entirely run off of tax money, while private sector business depend on making money through selling goods or services.
1. What do you see as some of the POSITIVE aspects of depending on tax money to run a business?
2. What do you see as some of the NEGATIVE aspects of depending on tax money to run a business.
Answers
Answer:
1. the positively here is you are sure of the money need to run the business even without one doing much as long as taxes are paid and these business sectors under this category are non profit organization but for the betterment of the people
Explanation:
2. no profit is made so no gain, no specifiation on the goods to fit the requirements of the masses and mass production is mostly low quality.
One of the founding principles of the ISO 9000 standard is that: a. the requirements are strictly the same, regardless of the organization b. it requires organizations to meet their own requirements as well as those of regulators c. the requirements are set and audited by the customers d. the requirements follow the Six Sigma methodology
Answers
Answer:
One of the founding principles of the ISO 9000 standard is that:
a. the requirements are strictly the same, regardless of the organization.
Explanation:
ISO 9000 standards describe the quality management standards that organizations can follow to increase business efficiency and customer satisfaction. ISO 9000 embeds a quality management system within an organization, increasing productivity, reducing unnecessary costs, and ensuring quality of processes and products. The IS0 9000 standards are not specific to any one industry and can be applied to organizations of any size.
United Airlines and Continental Airlines decided to merge, in part because the companies had little overlap in their domestic routes and hubs. This is an example of
Answers
Answer: Synergy
Explanation:
Synergy simply refers to an interaction or a cooperation that exists between two or more organizations, in order to have a greater combined effort which is vital for the achievement of organization goals.
When there is a combined effort of the organizations, the achievement of success would be possible. Therefore, United Airlines and Continental Airlines merging because the companies had little overlap in their domestic routes and hubs is an example of synergy.
The Jackson-Timberlake Wardrobe Co. just paid a dividend of $1.52 per share on its stock. The dividends are expected to grow at a constant rate of 7 percent per year indefinitely.
Required:
a. If investors require a 11 percent return on The Jackson-Timberlake Wardrobe Co. stock, what is the current price?
b. What will the price be in 8 years?
Answers
Answer:
A. $40.66
B. $69.86
Explanation:
A. Calculation for what is the current price
Using this formula
Current price=Dividend per share(1+Expected constant rate)/ (Require return percentage-Expected constant rate)
Let plug in the formula
Current price=1.52(1+.07) / (.11-.07)
Current price=1.52(1.07) / (.11-.07)
Current price=1.6264/0.04
Current price=$40.66
Therefore the Current price will be $40.66
b. Calculation for What will the price be in 8 years
Using this formula
Price=Dividend per share(1+Expected constant rate)^Numbes of years/ (Require return percentage-Expected constant rate)
Price=1.52(1+.07)^9/ (.11-.07)
Price=1.52(1.07)^9/ (.11-.07)
Price=2.7945/0.04
Price=$69.86
Therefore What will the price be in 8 years is $69.86
A newly formed firm must decide on a plant location. There are two alternatives under consideration: locate near the major raw materials or locate near the major customers. Locating near the raw materials will result in lower fixed and variable costs compared to locating near the market, but the owners believe there would be a loss in sales volume because customers tend to favor local suppliers. Revenue per unit will be $179 in either case. Revenue per unit will be $183 in either case. Using the following information, determine which location would produce the greater profit.
Omaha Kansas city
Annual fixed costs ($ millions) $1.2 $1.4
Variable cost per unit $36 $47
Expected annual demand (units) 8,000 12,000
Answers
Answer:
locate near the major raw materials
Explanation:
which market structure p
redominantly uses product differntation
Answers
Monopolistic competition: Product differentiation.
As part of the initial investment, Ray Blake contributes equipment that had originally cost $101,300 and on which accumulated depreciation of $75,975 has been recorded. If similar equipment would cost $158,400 to replace and the partners agree on a valuation of $51,500 for the contributed equipment, what amount should be debited to the equipment account
Answers
Answer:
This is a repeat question on Brainly but here you go.
$51,500Whether original cost or replacing cost is given in the question but we considered that cost in which the partner give their consent
So, the equipment amount should be debited at $51,500 instead of the original cost or the replacing cost
differentiate between a department with line responsibility and a department with staff responsibility
Answers
Answer:
While a department with line responsibility is directly involved in the daily activities and management of the business, a department with staff responsibility simply provides support for the line managers.
Explanation:
The line department consists of the chain of leaders whose positions in the organization are clearly differentiated from those of their subordinates. They make decisions and supervise the daily affairs of the business. Examples of these include; the department heads, the president, the production supervisors, etc.
A department with staff responsibility provides support for the department with line responsibility. Examples of personnel in the line department are the legal advisers and the human resource staff. The legal advisers provide support by advising the line managers on the lawful means to transact their business activities.
Gabuat Corporation, which has only one product, has provided the following data concerning its most recent month of operations:
Selling price $147
Units in beginning inventory 0
Units produced 2,200
Units sold 1,910
Units in ending inventory 290
Variable costs per unit:
Direct materials $47
Direct labor $34
Variable manufacturing overhead $5
Variable selling and administrative expense $6
Fixed costs:
Fixed manufacturing overhead $39,600
Fixed selling and administrative expense $15,280
The total gross margin for the month under the absorption costing approach is:________
Answers
Answer:
Gross Margin $82,130
Explanation:
The computation of the gross margin under the absorption costing approach is as follows:
Sales ($147 × 1,910 units) $280,770
Less:
Direct Material ($47 × 1,910 units) $89,770
Direct Material ($34 x 1,910 units) $64,940
Variable Manufacturing Overhead ($5 × 1,910 units) $9,550
Fixed Manufacturing Overhead ($39,600 ÷ 2,200 units) × $1,910 units $34,380
Gross Margin $82,130
Which statement is true according to the article?Choose one:A. Chilean companies aim to improve their wine distribution in China.B. Most wine consumed in China was imported from California.C. Despite the tariffs, the volume of wine exports from the United States to China has increased slightly.D. Only the United States has used tariffs in this trade dispute with China.
Answers
Answer:
The answer is "Option A".
Explanation:
In this question, the first choice is correct because the Chilean organizations continue to improve the existing wine business in the country of China, with Chile aiming to the advantage of the military conflict as well as expand its position in the Chinese beverage (wine) market though the wider optimization.
Determine the present value of the following single amounts (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided. Round your final answers to nearest whole dollar amount.):
Answers
Answer:
1. $15,406
2. $6,461
3. $2,118
4. $15,262
Explanation:
Calculation to Determine the present value
1. Calculation for the Present Value of $31,000, n= 12, i =6%
First step is to find the Present value of $1:
n= 12, i =6% (from PV of $1)
Where,
n represent the period for investment
i represent the interest rate
The Present value of $1:n= 12, i =6% (from PV of $1) is 0.49697
Now let Calculate the Present Value of $31,000,n= 12, i =6%
Present value=$31,000 *0.49697
Present value= $15,406
2. Calculation for the Present Value of $25,000, n= 20, i =7%
First step is to find the Present value of $1:
n= 20, i =7% (from PV of $1)
Where,
n represent the period for investment
i represent the interest rate
The Present value of $1:n= 20, i =7% (from PV of $1) is 0.25842
Now let Calculate the Present Value of $25,000, n= 20, i =7%
Present value=$25,000 *0.25842
Present value= $6,461
3. Calculation for the Present Value of $36,000, n= 25, i =12%
First step is to find the Present value of $1:
n= 25, i =12% (from PV of $1)
Where,
n represent the period for investment
i represent the interest rate
The Present value of $1:n= 25, i =12% (from PV of $1) is 0.05882
Now let Calculate the Present Value of $36,000, n= 25, i =12%
Present value=$36,000 *0.05882
Present value= $2,118
4.Calculation for the Present Value of $51,000, n= 14, i =9%
First step is to find the Present value of $1:
n= 14, i =9% (from PV of $1)
Where,
n represent the period for investment
i represent the interest rate
The Present value of $1:n= 14, i =9% (from PV of $1) is 0.29925
Now let Calculate the Present Value of $51,000, n= 14, i =9%
Present value=$51,000 *0.29925
Present value= $15,262
Therefore the PRESENT VALUE will be:
Future Amount i = n = Present Value
1 $31,000 6% 12 =$15,406
2 $25,000 7% 20 =$6,461
3 $36,000 12% 25 =$2,118
4 $51,000 9% 14 =$15,262
describe the cycle that dictates the economic ups and down of the hotel industry
Answers
The terms of business cycle which includes expansion, growth, peak, recession describes the Ups and down of the hotel industry
Business cycle refers to the cyclical upswings and downswings of a business in its output, employment, income, sales etc
The 4 stages of business cycle includes:
expansionpeakcontractiontrough/recession.In conclusion, the terms of business cycle which includes expansion, growth, peak, recession describes the Ups and down of the hotel industry
Read more about business cycle
brainly.com/question/26086110
aron Company has a process costing system. All materials are introduced when conversion costs reach 50 percent. The following information is available for physical units during March
Work in process, March 1 (60% complete as to conversion costs) 150,000Units started in March 600,000Units transferred to Finishing Department in March 630,000Work in process, March 31 (40% complete as to conversion costs) 120,000Compute the equivalent units for materials costs and for conversion costs using FIFO method
Answers
Answer:
Equivalent units of production for materials
Opening work in process was complete with respect to materials so not EUP there.
Closing work in process was complete as well.
EUP for materials is:
= Units transferred to Finishing Department - opening WIP
= 630,000 - 150,000
= 480,000 units
Equivalent units of production for conversion
= EUP opening work in process + units transferred to finishing department + EUP closing work in process
= (40% * 150,000) + 480,000 + (40% * 120,000)
= 60,000 + 480,000 + 48,000
= 588,000 units
EUP opening work in process already had 60% of conversion cost incurred in previous period so only 40% will be incurred in present period.
List and briefly describe three popular forms of ownership used in the lodging industry that allow for rapid expansion.
Answers
Answer:
Three popular forms are; Franchising, Management Contracts & Vacation Ownership. They are explained below
Explanation:
Three popular forms are; Franchising, Management Contracts & Vacation Ownership.
1) Franchising: This is a well-known marketing strategy that's used for business expansion and it's simply an arrangement whereby one party named the "franchisor" will grant or license some of it's rights and authorities to another party named the "franchisee".
It works such that a contractual agreement would be in place between Franchisor and Franchisee. In this agreement, the Franchisor will authorize the franchisee to sell their goods, products & services and give them rights to use their brand name & trademark.
2) Management contracts: This is simply an arrangement whereby the operational control of an entire enterprise will be vested by contract in a separate enterprise that will perform the necessary managerial functions in exchange for a specific fee. Now, management contracts are not just about selling a method of doing things but also about actually doing them.
3) Vacation ownership: This is a term used to refer to owning a timeshare.
Now, the mode of operation is usually a deeded ownership where we purchase a fraction of our favorite resort. The fraction is usually sold in weekly increments but then is also converted into points that can be used all around the world.
Stratton shipyards has 10 million dollars of sales and six million of operating cost including depreciation the company has 20 million of investor supplied operator Capital that has a cost of capital of 10% what is the firm's economic value-added to get from the company's overall tax rate of 40%
Answers
Answer:
Stratton Shipyards
The firm's economic value-added is:
$0.4 million
Explanation:
a) Data and Calculations:
Sales revenue = $10 million
Operating cost = 6 million
Pre-tax Income = $4 million
Income tax (40%) 1.6 million
After tax income $2.4 million
EVA = $2.4 million - ($20 million * 10%)
= $0.4 million
b) Stratton Shipyards Economic Value-Added (EVA) = the Net Operating Profit after Tax (NOPAT) – the product of the weighted average cost of capital (WACC) * capital invested. The EVA shows the real value creation by the company above its cost of capital.
Identify each statement as true or false. 1. Process cost systems are used to apply costs to similar products that are mass-produced in a continuous fashion. select between True and False 2. A process cost system is used when each finished unit is indistinguishable from another. select between True and False 3. Companies that produce soft drinks, movies, and computer chips would all use process cost accounting. select between True and False 4. In a process cost system, costs are tracked by individual jobs. select between True and False 5. Job order costing and process costing track different manufacturing cost elements. select between True and False 6. Both job order costing and process costing account for direct materials, direct labor, and manufacturing overhead. select between True and False 7. Costs flow through the accounts in the same basic way for both job order costing and process costing. select between True and False 8. In a process cost system, only one work in process account is used. select between True and False 9. In a process cost system, costs are summarized in a job cost sheet. select between True and False 10. In a process cost system, the unit cost is total manufacturing costs for the period divided by the equivalent units produced during the period.
Answers
Answer:
1. True
2. True
3. False - movie companies will not.
4. False
5. False
6. True
7. True
8. False
9. False
10. True
Which of the following careers does NOT work with patients or the public?
A.
Social worker
B.
Laboratory technician
C.
Hair stylist
D.
Substance abuse counselor
Answers
Answer:
B. Laboratory technician
Explanation:
Laboratory technicians don't work with patients or the public.
Answer:
B.Laboratory technician
Explanation:
"A lab technician analyzes samples such as body fluids and chemicals. They assist scientists and medical personnel with tasks such as keeping records and conducting tests." They do not have patients, or work with the public, they work for them, to make scientific analises. Hope this help!!
Problems and Applications Q9 Indicate whether each of the following statements is true or false. Statement True False 1. There can be no gains from trade between two countries if one of them has an absolute advantage in the production of all goods. 2. Comparative advantage determines the gains from specialization and trade. 3. If a certain trade is good for one country, it can't be good for the other country. 4. Two individuals can benefit from specialization and trade if they agree upon a price that lies between their opportunity costs of producing the good. 5. When a country opens to trade, people working in industries producing goods that the country exports are harmed by the trade.
Answers
Answer:
1. FALSE
There can still be gains from trade if one country has an Absolute advantage in the production of all goods because having absolute advantage does not mean that it has comparative advantage. If they did have comparative advantage in all goods then there would be no gain.
2. TRUE
As shown in the explanation above, gains from trade are determined by comparative advantage. If a country has comparative advantage in a good, it can gain from trading for a good it does not have comparative advantage in.
3. FALSE
Trade can and should be mutually beneficial to both countries.
4. TRUE
If both parties agree to a price that lies between their opportunity costs, they can make gains because they would be making more than their opportunity costs.
5. FALSE
The country has opened up to trade which means that the good they export now has a larger market to sell to. This will be beneficial to the people in the exporting industry as they will sell more and thus make more money.
State two goals you hope to achieve through applying your coursework this term to your workplace experience.
Answers
Explanation:
1. Improve communication skills
2. Apply customer relationship marketing
The current business scenario is globalized and highly competitive, the social dynamics resulting from globalization and new technologies have changed the demands and relations between company / consumer, this new parameter requires companies to be promoters of society's well-being, acting with socio-environmental responsibility in the market, which means that this includes the relationship with all its stakeholders.
Therefore, it is essential that interpersonal communication skills are improved in a management-oriented course and applied to the work environment, as organizations have more and more responsibilities when dealing with people, and negotiation and communication skills with people are increasingly valued. different nationalities and culture, with ethics in communication being an essential factor.
Relationship marketing is also another essential factor that must be applied in the workplace, especially if you work directly with the customer or work using the internet, since companies are closer to customers, and must generate value and engagement that creates market identification and positioning.
A goal is termed as the idea of the future result that is committed to achieving. It can be a plan or envision that is to be accomplished by a group of persons. The deadline is set for the accomplishment of the goals by the group of people.
The two goals to achieve in the workplace are:
1. Improve communication skills
2. Apply customer relationship marketing
The current business scenario is globalized and highly competitive, the social dynamics resulting from globalization and new technologies have changed the demands and relations between company and the consumer. Relationship marketing is also another essential factor that must be applied in the workplace.
Therefore, it is essential that interpersonal communication skills are improved in a management-oriented course and applied to the work environment, as organizations have more and more responsibilities when dealing with people, and negotiation and communication skills with people are increasingly valued.
To know more about the accomplishment of the goals, refer to the link below:
https://brainly.com/question/20813345
How companies can link their compensation and evaluations to organizational objectives?
Answers
Answer:
For a company’s compensation strategy to be effective, it must be linked to the overall business strategy. Because compensation accounts for 30-60% of business costs, it is essential for organizations to identify the drivers behind pay. For this reason, the foundational step of creating any solid compensation strategy is linking it to the business strategy.
Explanation:
Where can a client identify the instant deposit options for their QuickBooks Payments account?
Answers
Answer:
in the settings
Explanation:
A QuickBooks payment service is a credit card processing option that is for the merchant accounts which includes the accounting software called QuickBook. It is managed by Intuit.
For instant deposit option in their QuickBooks payment account, a customer has to --
Select the Settings ⚙ button and then go to Account and settings. After that select the Payments tab and then go to the Deposit Speed section. From there select the Set a schedule for any instant deposits. Finally select the days for which you want instant deposits for.
the area of a rectangle is 600 cm2 and its breadth is two-third of its length find the length and breadth of the rectangle
Answers
Given:
Area of a rectangle is [tex]600 \text{cm}^2[/tex].
Breadth is two-third of its length.
To find:
The length and breadth of the rectangle .
Solution:
Let x cm be the length of the rectangle.
Then, Breadth or width of the rectangle = [tex]\dfrac{2}{3}x[/tex] cm
Area of a rectangle is
[tex]Area=Length \times Breadth[/tex]
[tex]600=x \times \dfrac{2}{3}x[/tex]
[tex]600=\dfrac{2}{3}x^2[/tex]
Multiply both sides by 3.
[tex]1800=2x^2[/tex]
Divide both sides by 2.
[tex]900=x^2[/tex]
Taking square root on both sides.
[tex]\pm \sqrt{900}=x[/tex]
[tex]\pm 30=x[/tex]
Length cannot be negative. So, x=30.
Now,
Length = [tex]30\text{ cm}[/tex]
Breadth = [tex]\dfrac{2}{3}\times 30\text{ cm}[/tex]
= [tex]2\times 10\text{ cm}[/tex]
= [tex]20\text{ cm}[/tex]
Therefore, the length of the rectangle is 30 cm and the breadth is 20 cm.
For Wildhorse Company, variable costs are 68% of sales, and fixed costs are $199,000. Management’s net income goal is $77,800. Compute the required sales in dollars needed to achieve management’s target net income of $77,800. (Use the contribution margin approach.)
Answers
Answer: $865000
Explanation:
Contribution margin ratio would be gotten as:
= 100% - 68%
= 32%
= 0.32
Then, the desired sales would be:
= (Fixed cost + desired profit) / CM ratio
= (199,000 + 77800) / 0.32
= 276800 / 0.32
= $865000
Select the correct answer.
Someone who scores mostly "yes" answers in the social category of the RIASEC would probably not enjoy a career in
A Research
B. Social work
C Nursing
D Teaching
Answers
Answer:
D
Explanation:
Answer:
D, Teaching
Explanation:
have a nice day
The 2019 balance sheet of Dyrdek’s Skate Shop, Inc., showed $530,000 in the common stock account and $2.3 million in the additional paid-in surplus account. The 2020 balance sheet showed $570,000 and $2.5 million in the same two accounts, respectively. If the company paid out $320,000 in cash dividends during 2020, what was the cash flow to stockholders for the year?
Answers
Answer:
$80,000
Explanation:
[tex]The \ expression \ for \ calculating \ cash \ flow \ to \ stockholders \ is:[/tex]
[tex]Cashflow \ = \ Dividend \ paid \ during \ the \ year \ - \ change \ in \ t he \ value \ of \ common \ stock \ during \ - \ change \ in \ value \ of \ stock \ in \ the \ previous \ year[/tex][tex]Here;[/tex]
[tex]Change \ in \ value \ of \ Common \ stock \ during \ the \ year \ =[/tex] [tex]\ Value \ of \ Common \ stock \ of \ the \ Curren t \ Year - Value\ of \ Common \ stock \ of \ the \ Previous \ Year[/tex]
[tex]Change \ in \ valu e \ of \ Additional \ paid \ in \ surplus \ account \ during \ the \ year =[/tex]
[tex]Value \ of \ Additional \ paid \ in \ surplus \ account \ o f \ the \ Current \ Year \ -[/tex] [tex]\ Value \ of \ Additional \ paid \ in \ surplus \ account \ of \ th e \ Previous \ Year[/tex]
From the information given:
[tex]Dividend \ Payment \ during \ the \ year[/tex] 2020 = $320000
[tex]Value \ of \ stock \ in \ current \ yr[/tex]= i.e. 2020 = $570000
[tex]Value \ of \ stock \ in \ previoius \ yr[/tex] = i.e. 2019 = $530000
Change = $570000 - $530000 = $40,000
[tex]Value \ of \ Ad ditional \ paid-in \ surplus \ acct \ of \ the \ current \ year[/tex] = $2,500,000
[tex]Value \ of \ Ad ditional \ paid-in \ surplus \ acct \ of \ the \ previous \ year[/tex] = $2,300,000
Change = $2,500,000 - $2,300,000 = $ 200000
∴
[tex]By \ using \ the \ above \ information \ in \ the \ formula \ for \ calculating \ the \ cash \ flow \ to[/tex]
[tex]\ stackholder, \ we \ get:[/tex]
= $320000 - $40,000 - $ 200000
= $80,000
One of the main tools used by economists to measure the actual distribution of income in an economy is:
Answers
Answer: Lorenz curve
Explanation:
One of the main tools used by economists to measure the actual distribution of income in an economy is known as the Lorenz curve.
The Lorenz curve Lorenz curve is a graph that shows the inequality witybrwgrds to the income and wealth distribution for a particular economy. The x-axis on the graph shows the population, while the y-axis shows the wealth.
