At a firm's quarterly dividend meeting held on December 5, the directors declared a $1.50 per share cash dividend to be paid to the holders of record on Monday, January 1
Before the dividend was declared, the firm's accumulated retained earnings balance and cash balance were $1,280,000 and $30,000 respectively. The firm has 10,000 shares of common stock outstanding. On January 2, the cash, dividends payable, and retained earnings accounts had balances of ________.
A) $15,000, $0, and $1,265,000, respectively
B) $30,000, $15,000, and $1,280,000, respectively
C) $30,000, $0, and $1,265,000, respectively
D) $15,000, $0, and $1,280,000, respectively
A
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Bobby T (95 percent owner) would like to elect S corporation status for DJ, Inc., but Dallas (5 percent owner) does not want to elect S corporation status. Bobby T cannot elect S status for DJ, Inc., without Dallas's consent.
Answer the following statement true (T) or false (F)
Analysis of nonfinancial data is important to the management accountant because
a. financial data are usually irrelevant. b. nonfinancial data lend themselves more to computer analysis than do financial data. c. managers make many decisions based solely on nonfinancial data. d. nonfinancial data are easier to work with than financial data.
Data that are observed or collected directly from respondents are called
A. direct samples. B. secondary data. C. stratified data. D. primary data. E. firsthand information.
One objective of a small regional marketer of office supplies is to enter new markets. Which of the following most accurately identifies a weakness of this objective?
A. It is not attainable. B. It is not realistic. C. It is not specific. D. It is not sustainable. E. It is not aspirational.