On May 20, the board of directors for Auction. com declared a cash dividend of 50 cents per share payable to stockholders' of record on June 14. The dividends are paid on July 14. The company has 504,000 shares of stock outstanding. Closing entries are recorded on July 31. Prepare any necessary journal entries for each date. 1. Record the entry on the date of declaration for a cash dividend of 50 cents per share payable in the 504,000 shares of stock outstanding.
2. Record the entry on the date of record for a cash dividend of 50 cents per share payable on the 504,000 shares of stock outstanding.
3. Record the entry on the date of payment for the cash dividend.
4. Record the entry to close the dividend account to retained earnings.

Yael decides that she no longer enjoys her job, and she quits to open a gluten-free, dairy-free kosher bakery. she pays a monthly rent for her store of $2,000. her labor costs for one month are $4,500, and she spends $6,000 a month on nut flours, sugar, and other supplies. yael was earning $2,500 a month working as a bank teller. these are her only costs. her monthly revenue is $14,000. which of the following statements about yael’s costs and profit are correct? correct answer(s) an accountant would say she is earning a monthly profit of $1,500. her implicit costs are $2,500 a month. an economist would tell her that she is experiencing a loss. her total costs are $12,500 a month. her explicit costs include the labor, rent, and supplies for her store. her economic profit is $1,500 a month.

(a) what do you think will happen if the price of non-gm crops continues to rise? why? (b) what will happen if the price of non-gm food drops? why?

Xinhong company is considering replacing one of its manufacturing machines. the machine has a book value of $39,000 and a remaining useful life of 5 years, at which time its salvage value will be zero. it has a current market value of $49,000. variable manufacturing costs are $33,300 per year for this machine. information on two alternative replacement machines follows. alternative a alternative b cost $ 115,000 $ 117,000 variable manufacturing costs per year 22,900 10,100 1. calculate the total change in net income if alternative a and b is adopted. 2. should xinhong keep or replace its manufacturing machine