Determine the amount of cash for the payment

Assignment Help Cost Accounting
Reference no: EM13214886

Cash dividends of $84,006 were declared during the year. Cash dividends payable were $9,560 and $13,334 at the beginning and end of the year, respectively. Determine the amount of cash for the payment of dividends during the year.

Reference no: EM13214886

Questions Cloud

''neoindians'' the earliest people in the caribbean region : How accurate is it to assert that regardless of a name change to 'Neoindians' the earliest people in the Caribbean region still remain Caribs and Arawaks?
Compare the total costs in parts a and b : Compare the total costs in parts a and b. If the government does not know the cost of pollution reduction for each firm, is there still some way to reduce pollution to 50 tonnes at the total cost calculated in part a?
Describe the responsibilities of judges : Describe the responsibilities of judges. Identify attributes of both effective and ineffective judges. Provide an example of an effective and an ineffective Supreme Court judge.
What are the coefficients of elasticity of supply and demand : The supply and demand schedules for tickets to basketball games in town of Oakwood are given in the table below.
Determine the amount of cash for the payment : Cash dividends of $84,006 were declared during the year. Cash dividends payable were $9,560 and $13,334 at the beginning and end of the year, respectively. Determine the amount of cash for the payment of dividends during the year.
What should the nominal exchange rate : Suppose that an automobile costs $30,000 in the United States and 25,000 Euros in France. Further suppose that the exchange rate is .8 (one US dollar = .8 Euros).
Explain why the direct exchange rate decreases : A company that has foreign currency transactions will have foreign currency receivables and/or foreign currency payables. If the direct exchange rate decreases while a company has a foreign currency payable, the company will record a gain.
Tick method that increments the time stored : Java Class Modify class Time2 of Fig 8.5 to include a tick method that increments the time stored in a Time2 object by one second. Provide method incrementMinute to increment the minute by one and method incrementHour to increment hour by one.
What is national saving : Suppose household saving is $20, the government spending deficit is $4, and investment is $20.

Reviews

Write a Review

Cost Accounting Questions & Answers

  Volume-based costing versus activity-based costing

Determine the company's predetermined overhead rate using the direct labor cost as the single cost driver and determine the full product costs and selling prices of 1 pound of Mona Loa coffee and 1 pound the Malaysian coffee using the above single c..

  Severing the relationship

You are an employee of BusComm Consulting. Begun as a small scale business just a few years ago, BusComm has outsourced its payroll and tax accounting and return preparation to Accountpreneurs, a company specializing in accounting support for smal..

  What was amount of gain or loss on retirement of bonds

The bonds were dated January 1, 20011. Interest is paid semiannually on January 1 and July 1. On April 1, Hanson purchased 1/2 of the bonds on the open market at 99 plus accrued interest and canceled them.

  Capital assets

Determine the potential problems that can exist when comparability of asset conditions cannot be made within an agency and with other agencies. Suggest how these problems may be minimized

  An analysis of insurance policies

The Prepaid Insurance account had a $4,000 balance on 31 st December, 2012. An analysis of insurance policies shows that $1,200 of unexpired insurance benefits remain at 31 st December, 2013.

  Determine what would be the depreciation amount

Prepare a 500-750 word written response to the following: In January 2010, Salem Corporation, purchased $350,000 of new MACRS 5-year property in the US. This equipment was placed in service May 1, 2010. Salem wants to take as much depreciation in ..

  Evaluate a master budget for the three-month period

Evaluate a master budget for the three-month period ending June 30. Include the given detailed budgets:

  Does the company have any preferred stock

What is the name of the company? What is the industry sector and what are the operating risks of the company and what is the financial risk of the company (the debt to total capitalization ratio)?

  Set up the required t accounts

Set up the required T accounts below and show how this transaction would be recorded directly to those accounts

  Write a program that pulls four quarterly sales figure

Write a program that Pulls four quarterly sales figure

  Analyze the accounting for corporation requirements

Analyze the accounting for corporation requirements related to stock valuation, dividends, and retained earnings and determine how to value investments and how to report them based on that valuation.

  Create a marketing plan for the company

Your final portfolio for the class will be to create a marketing plan for the company of your choice. You will need to select a company that you have not used for your other assignments in the class.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd