Entries for stock dividends senior life co. is an hmo for businesses in the portland area. the following account balances appear on the balance sheet of senior life co.: common stock (800,000 shares authorized; 500,000 shares issued), $4 par, $2,000,000; paid-in capital in excess of par—common stock, $1,000,000; and retained earnings, $33,500,000. the board of directors declared a 2% stock dividend when the market price of the stock was $13 a share. senior life co. reported no income or loss for the current year. for a compound transaction, if an amount box does not require an entry, leave it blank. if no entry is required, select "no entry required" from the dropdown. a1. journalize the entry to record the declaration of the dividend, capitalizing an amount equal to market value.

Acompany using the perpetual inventory system purchased inventory worth $540,000 on account with credit terms of 2/15, n/45. defective inventory of $40,000 was returned 2 days later, and the accounts were appropriately adjusted. if the company paid the invoice 20 days later, the journal entry to record the payment would be

Suppose that a worker in agland can produce either 10 units of organic grain or 2 units of incense per year, and a worker in zenland can produce either 5 units of organic grain or 15 units of incense per year. there are 20 workers in agland and 10 workers in zenland. currently the two countries do not trade. agland produces and consumes 100 units of grain and 20 units of incense per year. zenland produces and consumes 50 units of grain and no incense per year. if each country made the decision to specialize in producing the good in which it has a comparative advantage, then the combined yearly output of the two countries would increase by a. 30 units of grain and 100 units of incense. b. 30 units of grain and 150 units of incense. c. 50 units of grain and 90 units of incense. d. 50 units of grain and 130 units of ince

73. calculate the weighted average cost of capital (wacc) based on the following information: the equity multiplier is 1.66; the interest rate on debt is 13%; the required return to equity holders is 22%; and the tax rate is 35%. (a) 15.6% (b) 16.0% (c) 15.0% (d) 16.6% (e) none of the above