Here are the journal entries to record each of the transactions for Arabian Gulf Corporation in 2021:
Jan. 10: Directors declared a $1 per share cash dividend payable on March 15 to the Jan. 31 stockholders of record.
Dr. Retained Earnings $300,000 (300,000 shares x $1 per share)
Cr. Dividends Payable $300,000
Mar. 01: Purchased 30,000 shares of its own common for $15 per share.
Dr. Treasury Stock $450,000 (30,000 shares x $15 per share)
Cr. Cash $450,000
Mar. 31: Paid the cash dividend declared on Jan. 10.
Dr. Dividends Payable $300,000
Cr. Cash $300,000
May 01: Sold 10,000 of its treasury shares at $15 cash per share.
Dr. Cash $150,000 (10,000 shares x $15 per share)
Cr. Treasury Stock $150,000
Sep. 30: Directors declared a 30% stock dividend when the share market price is $16.
Dr. Retained Earnings $360,000 (300,000 shares x 30% x $16 per share)
Cr. Common Stock Dividend Distributable $360,000
Nov. 01: Distributed stock dividends declared on Sep. 30.
Dr. Common Stock Dividend Distributable $360,000
Cr. Common Stock $360,000
Nov. 15: The company implemented a 5-for-1 stock split for the common stock.
Dr. Common Stock (par value) $600,000 (300,000 shares x $10 per share x 5)
Cr. Common Stock Dividend Distributable $600,000
Please note that these entries are based on the given information, and the amounts are calculated accordingly. It's always a good idea to consult with a professional accountant or review the specific accounting guidelines applicable to your jurisdiction for accurate and compliant financial reporting.
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Explain one reason why a business may use social media to promote
Answer:
Social media offers many benefits to business owners, as it allows them to reach out to their customers and to gain the attention of more people/potential customers
Explanation:
Which of the following choices is not a career assessment value?
Answer: Career assessments are surveys or tests that attempt to give insight into what type of career would be best for someone. There are four major types of career assessments: personality tests, interest inventories, skills assessments, and value assessments.Career assessment is a way to learn more about how well a variety of careers might suit you. Different types of assessments focuses on specific areas, such as skills, interests, or values.
Explanation:
CAN TEACHER SAY you're NOT SMART TO STUDENTS?
Answer:
NO that's not ok at all! they're not supposed to
Difference between business and trade
Answer:
business is the entire enterprise of making, selling, and controlling the production of goods, while trade, a narrower activity, involves only the buying and selling of goods. Trade is a part of business, but business is not the same as trade. ... Trade usually refers to imports and exports.
How external costs are example of market failure
Answer:
An external cost occurs when producing or consuming a good or service imposes a cost (negative effect) upon a third party. If there are external costs in consuming a good (negative externalities), the social costs will be greater than the private cost. The existence of external costs can lead to market failure.
Explanation:
What are the other options to insurance
2. securities firms and other financial institutions which of the following financial institutions compete with securities firms? check all that apply. savings institutions commercial banks insurance companies mutual funds
Securities firms face competition from various financial institutions, including commercial banks, insurance companies, and mutual funds. The correct answer is option b, c, and d.
Commercial banks often offer investment services and products, such as brokerage accounts and investment advisory services, which directly compete with securities firms. Insurance companies may provide investment products and services, such as annuities or investment-linked insurance policies, offering alternative options for investors.
Mutual funds, which pool money from multiple investors to invest in a diversified portfolio of securities, are also competitors to securities firms.
These financial institutions vie for market share by providing investment opportunities, advisory services, and financial products to meet the needs of investors, creating a competitive landscape for securities firms.
The correct answer is option b, c, and d.
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Complete question
securities firms and other financial institutions which of the following financial institutions compete with securities firms? check all that apply. a. savings institutions
b. commercial banks
c. insurance companies
d. mutual funds
most sbus simultaneously pursue different competitive strategies across all product-markets in which they compete.
Most SBUs do not pursue various competitive strategies across all of the product markets they compete in. The presented argument is untrue.
The following traits should be present in every SBU: a distinct business, control over its resources, a distinct mission and target market, its own rivals, and independent business plans from those of other SBUs within the organization.
A clear vision, direction, and mission are established by the SBU in charge of marketing a product. Examples of strategic business units demonstrate how these divisions operate as unique, specialized entities concentrated on a particular goal. Our goals are different from those of the parent company.
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okay y'all so I'm just starting a business I make lollipops and I've been just doing this since this summer and I got everything I want but I still can't seem to find a right name for my business , so I guess what I'm asking is if anyone can give me some ideas I would love to hear what kind of names you guys come up with ? because I really don't know what to name it .
What system was developed to track football injuries through a web-based system that tracks medical information and analyzes injury trends?
NCAA injury surveillance system was developed to track football injuries through a web-based system that tracks medical information and analyzes injury trends.
Security measures for your house or place of business must include surveillance systems. These systems can range from sophisticated alarm systems that alert law authorities at the first sign of trouble to wireless home security cameras.
One of the most popular strategies used by law enforcement to look into suspects and obtain evidence is surveillance. It can be carried out openly (with the target's awareness) or covertly (without the target's knowledge) (overt surveillance). Typically, surveillance is either fixed or electronic.
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Eliza Conner owns a small clothing boutique. Eliza uses her personal checking account for both business and personal needs. How would you convince Eliza that she should open a separate
bank account for her business?
Answer:
1. It will cause them confusion throughout the tax calculating process.
2. Using a single account will make it difficult to keep payroll records.
3. Keep track of your personal expenses and earnings.
Explanation:
1. It is preferable to establish a separate account to separate the firm's actual income and expenses.
2. Payroll expenses are indistinguishable from personal expenses.
3. This allows you to cross-check bank and hand-made documents for income and expenses. Because cash transactions may not be recorded in the bank account, the entrepreneur should preserve receipts in order to compute revenue and expenses, which may result in erroneous financial statements.
If buyers and sellers both expect future prices to increase, what will happen to the current equilibrium price?.
Expected future price increases of goods by consumers, other things being equal, will increase the current price and increase the current quantity exchanged.
An increase in demand leads to an increase in the equilibrium price, all other things being equal. You will have more to deliver. A decrease in demand leads to a decrease in the equilibrium price. supply will decrease.
Equilibrium price. In the event of a product exchange, the agreed price is known as the equilibrium price or market liquidation price. This price arises from the intersection of supply and demand, as shown in Figure 1. In Figure 1, both buyer and seller are willing to exchange quantity Q at price P.
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investment spending includes spending on
Answer:
Investment spending is spending on goods to produce other goods. Investment spending includes the accumulation of new inventories. It also includes spending by households on new houses. ... Gross investment is the total spending on investment goods.
Explanation:
Have a good day and stay safe!
why is it often difficult for economic sanctions to be effective?
Finally, sanctions require broad international consensus and cooperation, which can be difficult to achieve, particularly when countries have differing geopolitical interests and priorities.
Economic sanctions are often difficult to be effective due to several reasons. First, sanctions can lead to unintended consequences and harm innocent populations, especially when targeting a country's economy. Second, sanctioned countries may find ways to evade or circumvent the restrictions by engaging in illicit trade or forming alliances with other nations. Third, powerful countries may have limited influence over the target nation's policies and decision-making processes. Fourth, global interdependencies and trade networks make it challenging to isolate a specific country without impacting other nations. Finally, sanctions require broad international consensus and cooperation, which can be difficult to achieve, particularly when countries have differing geopolitical interests and priorities.
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what is the biggest attraction for business considering enganing in international business?
A. The lack of domestic resources
B. The cost of labor
C. The number of burdensome regulations
D. The size of the market
Recording, classifying, and summarizing economic events in a logical manner for the purpose of providing financial information for decision making is commonly called Group of answer choices auditing. economics. finance. accounting.
Recording, classifying, and summarizing economic events in a logical manner for the purpose of providing financial information for decision making is commonly called accounting.
Accounting is a fundamental process in business and financial management. It involves systematically recording financial transactions, classifying them into appropriate categories, and summarizing the information to create financial statements such as the income statement, balance sheet, and cash flow statement. These financial statements provide a snapshot of a company's financial performance, position, and cash flows, enabling decision-makers to analyze and make informed decisions about the organization's operations, investments, and financial strategies.
While auditing, economics, and finance are related disciplines, each has its own distinct focus. Auditing involves examining and evaluating financial records and statements to ensure accuracy, compliance, and reliability. Economics studies the production, distribution, and consumption of goods and services within an economy. Finance, on the other hand, focuses on managing financial resources, investments, and the financial aspects of decision making. However, accounting serves as the foundation for providing the necessary financial information in these areas.
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stephanie has been driving for 4 years without any major auto accidents until today
What is a company doing if it requires customers to buy multiple products from that company to obtain the one product that the customer truly wants?
practicing predatory pricing
engaging in nonprice competition
working around antitrust laws to gain control over the market
using deregulation
Answer:
The company is trying to work around antitrust laws in order to be at the top of the market.lanation:
Answer:
engaging in nonprice competition
Explanation:
if im wrong comment
Suppose the market price of chicken wings in a university town recently increased. Economics students studying at the university are discussing potential causes of the price increase. One group of students theorize that the price increased because several wing joints in the area have recently gone out of business. Others claim the increase in the price of chicken wings is because of a recent decrease in the price of beer.
Everyone agrees that the decrease in the price of beer was caused by a recent decrease in the price of hops, which are not generally used in making chicken wings.
The first group of students claim the increase in the price of chicken wings can be attributed to the fact that several wing joints in the area have recently gone out of business.
This may explain the price increase, as the decreased competition in the economics market could lead to an increase in price.
What is economics market?Economics market is an environment where buyers and sellers interact in order to exchange goods and services for money. It is the basis for the study of economics, which is the study of the production, distribution, and consumption of goods and services. Markets can be divided into different types depending on the nature of the product or service being exchanged. The two primary types of markets are the perfect competition market and the imperfect competition market. Perfect competition markets are those in which all buyers and sellers are equal and have access to the same information.
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Perform online research and find a house you would like to own. Calculate the cost of utilities, services, maintenance, and insurance to buy the home.
(Answers may vary.)
I found an apartment in Chicago that I would like to rent. The monthly rent is $900, but there are other fees for me to consider as a renter. Utilities (electric, water, cable, internet access, etc.) cost $300 a month. Building services, including parking and access to the gym, cost $50 a month. Maintenance fees for the building are $25 a month. Renter’s insurance is $12. The cost of living independently in this Chicago apartment is $1,287 a month.
Explanation: edmentum sample answer
In business writing, the main idea of a written work should be located
a. At the end of the first paragraph
b. In the body of the document
At the beginning of the first paragraph
d. In the salutation of the document
C.
Please select the best answer from the choices provided
Ο Α
B
С
OD
Answer:
c
Explanation:
cccccccccccccccccccccccccc
Answer:
well i blive its c
Explanation:
it is not advisable for small businesses to use the services of cpas and lawyers because most businesses are too small to afford the expense. a) True b) False
The statement "it is not advisable for small businesses to use the services of CPAs and lawyers because most businesses are too small to afford the expense" is subjective and cannot be definitively categorized as true or false.
While it is true that small businesses may have limited financial resources and may perceive the cost of hiring CPAs and lawyers as high, it does not necessarily mean that it is not advisable for them to use their services. CPAs and lawyers can provide valuable expertise and assistance in various areas such as accounting, tax compliance, legal compliance, contracts, intellectual property, and more.
The decision of whether to engage the services of CPAs and lawyers should be based on the specific needs and circumstances of the small business. Some businesses may find it beneficial to seek professional assistance, even if it requires budgeting and prioritizing resources. Others may choose to handle certain tasks themselves or seek alternative resources such as online legal services or accounting software.
Ultimately, the decision should be made based on a careful evaluation of the potential benefits, costs, and risks associated with engaging professional services, as well as the specific needs and priorities of the small business.
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If a firm’s profit is high enough for it to remain in business, a pricing objective may be to ________, which will in turn may lead to increases in market share and profit.
The answer to the question is that if a firm's profit is high enough for it to remain in business, a pricing objective may be to increase market share, which can lead to increases in profit.
Increasing market share through pricing strategies such as penetration pricing or price skimming can attract new customers and increase sales volume. This increased sales volume can then lead to economies of scale, lowering production costs and further increasing profits. However, it is important to consider the potential impact on the competition and the long-term sustainability of the pricing strategy.
If a firm's profit is high enough for it to remain in business, a pricing objective may be to maximize sales volume, which will in turn may lead to increases in market share and profit. By setting prices to encourage higher sales, the firm can potentially reach a larger customer base and gain a competitive advantage.
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Is simping okay? i need womans advice
Answer:
Yes, as long as u know the limits :D.
Explanation:
Answer:
simping is A OK in my book UvU
Explanation:
4. How do dependent tasks differ from primary tasks?
Answer:
The answer is below
Explanation:
Dependent task is a term used to describe a type of task that is associated with the main or independent task under a particular scope of work. It is usually a sub-task of the whole task that needs to be executed.
On the other hand, a Primary task is a term used to describe a type of task that takes the center stage or the major task with priority. It takes the largest or most resources in its execution.
Scenario A
College graduates are moving back in with family in record numbers. They are waiting longer than previous generations to buy homes and start families. Data show downward trends in new home building, mortgage applications, and the birthrate. Multiple markets are complaining of falling demand. A national supplier of home goods permanently shut down. The media is calling babies born today part of the “baby bust generation.” Economists predict future school closings and labor shortages.
Would the Fed address the scenario with expansionary or contractionary policy? Explain.
What is a specific monetary action the Fed might use in this scenario? Identify the tool and how the Fed would use it. Explain how this would address the scenario.
What is a specific fiscal action that Congress might use in this scenario?
The Fed would address the scenario with an expansionary policy as this is the policy that stimulates demand.
The specific monetary action that the Fed can take in this scenario is decreasing the Fed Funds rate, to reduce interest rates on loans.
Congress can use the specific fiscal action by offering tax breaks to young people who buy houses.
How can demand be stimulated ?The Fed Funds rate is the rate that banks borrow from each other. If the Fed was able to decrease this rate, then it would lead to loan interest rates falling which would allow the young college graduates to be better able to buy homes and start families.
Congress for its part, can embark on the fiscal action of giving tax breaks to young college graduates who buy houses and start families. This would encourage them to buy houses knowing they will pay less taxes.
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What are customer needs?
Answer:
A customer need is a need that motivates a customer to purchase a product or service.
.Capital budgeting methods, no income taxes. City Hospital, a nonprofit organization, estimates that it can save $28,000 a year in cash operating costs for the next 10 years if it buys a special-purpose eye-testing machine at a cost of $110,000. No terminal disposal value is expected. City Hospital’s required rate of return is 14%. Assume all cash flows occur at year-end except for initial investment amounts. City Hospital uses straight-line depreciation.
1. Calculate the following for the special-purpose eye-testing machine: a. Net present value b. Payback period c. Internal rate of return d. Accrual accounting rate of return based on net initial investment e. Accrual accounting rate of return based on average investment
2. What other factors should City Hospital consider in deciding whether to purchase the special-purpose eye-testing machine?
a. So, the net present value of this investment is negative, indicating that it's not a good investment.
b. So, it would take about 3.93 years for City Hospital to recoup the initial investment.
c. Using a financial calculator, we find that IRR ≈ 6.87%.
c. Average annual net income = $280,000.
For City Hospital's capital budgeting decision, we'll use the following formulae:
Net Present Value (NPV) = ∑(Cash inflow /\((1 + r)^t)\) - Initial cost
Payback Period (PP) = Initial cost / Annual cash inflow
Internal Rate of Return (IRR) = Discount rate at which NPV = 0
Accrual Accounting Rate of Return (AARR) based on net initial investment = Average annual net income / Initial investment
Accrual Accounting Rate of Return (AARR) based on average investment = Average annual net income / Average investment
here
r = Required rate of return
t = Time period (in years)
a) To calculate NPV, we first need to calculate the annual cash inflow. City Hospital expects to save $28,000 a year in operating costs, so the annual cash inflow is $28,000. The initial cost is $110,000. Using a required rate of return of 14%, we get:
NPV =\((-$110,000) + ( $28,000 / (1 + 0.14)^1 ) + ( $28,000 / (1 + 0.14)^2 ) + ... + ( $28,000 / (1 + 0.14)^10 )\)
NPV ≈ -$12,452.52
b) To calculate PP, we need to divide the initial cost by the annual cash inflow:
PP = $110,000 / $28,000
PP ≈ 3.93 years
c) To calculate IRR, we need to find the required discount rate at which NPV = 0. Unfortunately, there is no closed-form solution for this, so we need to use trial and error or a financial calculator.
d) To calculate AARR based on net initial investment, we need to calculate the average annual net income and divide that by the initial investment:
Average annual net income = (Total savings over 10 years - Initial cost) / Number of years
Total savings over 10 years = $28,000 x 10 = $280,000
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Suppose that the wage is $20 per hour in a two-sector (manufacturing and agriculture) specific-factors model. Currently, the prices of manufactured and agricultural outputs are $5 and $1, respectively; the marginal product of labor in the manufactured sector is 6 units per hour; and the marginal product of labor in the agricultural sector is 10 units per hour. What will happen to the distribution of labor between the two sectors?
Options :
A) Nothing will happen. The current allocation of labor between the two sectors is ideal.
B) The manufacturing sector will demand more labor, and the agricultural sector will demand less labor at the current wage.
C) The agricultural sector will demand more labor, and the manufacturing sector will demand less labor at the current wage.
D) Both the agricultural and the manufacturing sector will demand more labor at the current wage.
Answer: B) The manufacturing sector will demand more labor, and the agricultural sector will demand less labor at the current wage.
Explanation: Analysing the marginal product of labor for the TWO sectors ; the manufacturing and agricultural which measures the change in production output as labor is increased. The output produced by increasing labor is 6units for manufacturing and 10 units for agricultural, agricultural seems greater, however, comparing output with the price per unit of product, manufacturing and agricultural sells for $5 and $1 respectively. Meaning manufacturing generates ($5 * 6) = $30 while agricultural generates ($1 * 10)) $10 per increase in number of Labor.
Therefore, at the current wage of $20, revenue made by hiring one more unit of labor into the agricultural sector cannot even cater for it's wage. Therefore, agricultural sector will demand less while manufacturing will demand more.
Compare the three waves of developing technologies that made the world wide web a powerful business platform.
The Web of documents (Web 1.0), the Web of people (Web 2.0), and the Web of data are the three innovations that made up the World Wide Web, which is often divided into three periods (the still-to-be-realised Web 3.0)
What is meant by business platform?An item that serves or makes possible other items or services is known as a platform.
There are numerous tiers of platforms (within the context of digital business). They can be either high-level platforms that enable a platform business model or low-level platforms that offer a set of business and/or technological capabilities that other goods or services use to deliver their own business capabilities.
There are business ecosystems connected to the platforms that support platform business models. The majority of the time, they use APIs to expose their capabilities to other ecosystem participants.
APIs are frequently used by internal platforms to expose their features. They might, however, provide other options, such direct data access.
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