A Company Declared a $0 $\begin{array}{|l|c|c|}\hline \text { Retained Earnings } & 4,000 & \\\hline \text { Common Dividends Payable } & & 4,000 \\\hline\end{array}$

question 41

Multiple Choice

A company declared a $0.50 per share cash dividend.The company has 20,000 shares authorized,9,000 shares issued and 8,000 shares of common stock outstanding.The journal entry to record the dividend declaration is:

• A)
• \(\begin{array}{|l|c|c|}
• \hline \text { Retained Earnings } & 4,000 & \\
• \hline \text { Common Dividends Payable } & & 4,000 \\
• \hline
• \end{array}\)
• B)
• \[\begin{array} { | l | c | c | }
• \hline \text { Common Dividends Payable } & 4,000 & \\
• \hline \text { Cash } & & 4,000 \\
• \hline
• \end{array}\]
• C)
• \[\begin{array} { | l | c | c | }
• \hline \text { Retained Earnings } & 4,500 & \\
• \hline \text { Common Dividends Payable } & & 4,500 \\
• \hline
• \end{array}\]
• D)
• \[\begin{array} { | l | c | c | }
• \hline \text { Common Dividends Payable } & 4,500 & \\
• \hline \text { Cash } & & 4,500 \\
• \hline
• \end{array}\]
• E)
• \(\begin{array}{|l|c|c|}
• \hline \text { Retained Earnings } & 5,000 & \\
• \hline \text { Common Dividends Payable } & & 5,000 \\
• \hline
• \end{array}\)

Understand the concept of takt time and how it applies to production efficiency.

Apply precedence relationships and task assignments to balance assembly operations.

Calculate the theoretical minimum number of stations and efficiency of an assembly line.

Understand and apply the concept of cycle time in assembly line and workspace optimization.

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Definitions:

Substitutes

Goods or services that can be used in place of each other to satisfy consumer needs or desires.

Supply Curve

A graph showing the relationship between the price of a good and the amount of it that producers are willing to sell at each price level.

Market Period

A short duration in which the quantity of goods supplied to the market cannot be changed.

Perishable Good

A type of good that has a limited shelf life and can spoil or become unusable after a certain period, such as food products.