The tax on the purchase of goods or services is called a sales tax.
A sales tax is a consumption tax that is levied on the sale of goods and services at the point of purchase. It is typically a percentage of the price of the item being purchased and is added to the total cost of the item at the time of sale. The amount of sales tax collected is usually remitted to the government by the seller.
Sales taxes are a common source of revenue for state and local governments, as they can generate significant funds to support government programs and services. The rate of sales tax can vary by jurisdiction, and some states or municipalities may exempt certain items or have different rates for different types of items.
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a premium on a bond is the: excess of the face value of bonds over the issue price. excess of the issue price over the face value of the bonds. face value minus the issue price. face value minus the premium.
A premium on a bond is the excess of the issue price over the face value of the bonds.
What is a premium bond?Premium bonds are bonds that have a higher value than the face value of the bond. When an investor buys a premium bond, they are paying more than the face value of the bond.
The difference between the face value of the bond and the purchase price of the bond is known as the premium. The premium is the amount that the investor is willing to pay for the bond.
What is a face value of a bond?The face value of a bond, also known as the par value, is the amount of money that the bond issuer promises to pay the bondholder at the bond's maturity date. The face value of a bond is the amount that the bond issuer borrows from the bondholder.
The face value of a bond is also the amount of money that the bondholder receives when the bond reaches maturity. So, a premium on a bond is the excess of the issue price over the face value of the bonds.
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When considering most goods in most markets we would likely observe thata. they are quasi-public goods. b. they are public goods. c. they are private goods. d. they are common resources.
When considering most-goods in most markets we would observe that (a) they are quasi-public goods.
The Quasi-public goods are defined as goods that possess some characteristics of public goods but also some characteristics of private goods.
The goods that are not fully excludable can be considered quasi-public goods.
The Examples include cable television, toll roads, and natural resources such as oil and gas. These goods are excludable to some extent but are still accessible to a larger population.
The consumption of these goods by one individual may not significantly reduce the availability of the good for others, but overconsumption can lead to depletion of the resource.
Therefore, the correct option is (a).
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The given question is incomplete, the complete question is
When considering most goods in most markets we would likely observe that
(a) they are quasi-public goods.
(b) they are public goods.
(c) they are private goods.
(d) they are common resources.
applying coase's theorem, if the cost to you from having the airplane seat in front of you reclined is the benefit to the reclining passenger, you should
According to Coase's theorem, as long as the parties concerned can negotiate and bargain without incurring any expenses to attain an optimal solution, the distribution of property rights will not have an impact on the efficiency of resource allocation in the absence of transaction costs.
An economic theory known as Coase's theorem highlights the significance of property rights in attaining effective resource allocation. It was devised by economist Ronald Coase and contends that in an environment with minimal transaction costs, parties to an economic trade will always arrive at an efficient result, irrespective of who owns the property rights. The Coase Theorem states that the ability of parties to negotiate and come to agreements without incurring transaction costs is more significant than the distribution of property rights. But in reality, transaction costs are frequently present, which can result in market inefficiencies. Coase's theorem has been employed in a variety of sectors, including environmental economics, to address problems like resource conservation and pollution.
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assume company a used the process costing method. if direct labor costs are 10000, manufacturing overhead is 12500, and direct materials costs are 8500, calculate the total conversion cost
Company A has used the process costing method. If direct labor costs are $10000, manufacturing overhead is $12500, and direct materials costs are $8500, calculate the total conversion cost. A cost that does not involve direct materials is referred to as a conversion cost. This is often referred to as the cost of converting raw materials into finished products.
Conversion costs, as the name suggests, are the expenses incurred to convert raw materials into finished goods. Therefore, the total conversion cost can be calculated as follows:
Total conversion cost = Direct labor cost + Manufacturing overhead costs= $10000 + $12500= $22500Therefore, the total conversion cost of Company A using the process costing method is $22500.
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any law passed to limit free trade between nations is called a trade ____
Any law passed to limit free trade between nations is called a trade Barrier.
Any law or policy, including tariffs, quotas, licenses, and other restrictions on international commerce, is referred to as a trade barrier. Trade limitations are imposed by the government on global trade. The idea of comparative advantage claims that trade restrictions harm the global economy and reduce overall economic efficiency.
Most trade barriers work in a similar manner: they place some sort of penalty on trade that raises the price or supply of the products being exchanged. A trade war occurs when two or more nations regularly erect trade obstacles against one another. Two examples of hurdles are tariffs and non-tariff trade restrictions.
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True/False? The principle of diminishing marginal returns says that as more and more units of a variable resource are added to a set of fixed resources, the resulting additions to output will become increasingly smaller and, eventually, larger.
The statement "The principle of diminishing marginal returns says that as more and more units of a variable resource are added to a set of fixed resources, the resulting additions to output will become increasingly smaller and, eventually, larger." is false.
In economics, the principle of diminishing marginal returns refers to a situation in which adding an additional unit of a variable resource to a set of fixed resources causes the resulting increase in output to become progressively smaller.
The statement "as more and more units of a variable resource are added to a set of fixed resources, the resulting additions to output will become increasingly smaller and, eventually, larger" is incorrect. The output will become increasingly smaller, and it will not become larger.
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The statement given is False.
The principle of diminishing marginal returns says that as more and more units of a variable resource are added to a set of fixed resources, the resulting additions to output will become increasingly smaller and, eventually, negligible.
What is the principle of diminishing marginal returns?
The principle of diminishing marginal returns is also known as the law of diminishing returns. It's an economic principle that says that as a company increases the production of a product or service, the overall benefit of adding one more unit of production decreases.
The principle of diminishing marginal returns states that as more and more units of a variable resource are added to a set of fixed resources, the resulting additions to output will become increasingly smaller and eventually negligible.
Diminishing marginal returns says that output will increase at a decreasing rate as more and more units of a variable input are added to a fixed amount of other inputs in a production process. If this statement is true, the overall benefit of producing more than a specific quantity would diminish over time.
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psychologists study information systems with an eye to understanding: mathematically based models and physical technology. how systems affect individuals, groups, and organizations. how human decision makers perceive and use formal information. how new information systems change the control and cost structures within the firm. the production of digital goods.
Psychologists study information systems with an eye to understanding how systems affect individuals, groups, and organizations.
Psychologists study information systems with an eye to understanding how systems affect individuals, groups, and organizations. They study how human decision-makers perceive and use formal information. They also study how new information systems change the control and cost structures within the firm. Therefore, the correct option is: how systems affect individuals, groups, and organizations.
Psychologists are interested in how information systems impact human behavior and decision-making, as well as the social and organizational structures that surround them. They may also investigate the psychological effects of new technologies on users and how these technologies change the way people work and communicate.
Therefore, psychologists focus on examining how information systems impact individuals, groups, and organizations.
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which one of these forms of ownership gives owners the right of inheritance and allows co-owners to sell their fractional undivided interest without permission from other co-owners?
The form of ownership that gives owners the right of inheritance and allows co-owners to sell their fractional undivided interest without permission from other co-owners is known as tenancy in common.
What are the forms of ownership?Forms of ownership refer to the ways in which a company or property is owned. The following are the most prevalent forms of ownership: sole proprietorships and partnerships companies that are privately held are usually formed as either corporations or limited liability companies (LLCs).
Tenancy in common is a type of ownership in which two or more people own a piece of property jointly but without the right of survivorship. If one of the owners dies, their share of the property will go to their estate or heirs instead of the other owners.
Each owner has a right to use the whole property as well as the ability to sell or transfer their ownership interest to another person. Each owner owns a fraction of the whole property and has the right to dispose of it independently of the other owners.
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Suppose that a firm finance is seasonal (temporary) current assets with long term funds. What is the impact of this decision on the profitability and risk of this firm?
Financing seasonal current assets with long-term funds can have both positive and negative impacts on a firm's profitability and risk.
On the one hand, using long-term funds to finance seasonal current assets can help to ensure that the firm has adequate liquidity to meet short-term obligations and take advantage of seasonal sales opportunities. This can lead to increased profitability and higher returns for the firm.
On the other hand, financing seasonal current assets with long-term funds can also increase the firm's risk. Long-term funds typically have higher costs than short-term funds, which can reduce the firm's overall profitability. Additionally, if the firm experiences unexpected changes in its operating environment or sales patterns, it may be unable to generate enough cash flow to repay the long-term funds, leading to financial distress and potential default.
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samir wants to ensure a high level of coordination and communication among managers who have different functions. what kind of team might be effective at implementing his goal?
Samir's goal of ensuring a high level of coordination and communication among managers who have different functions can be achieved by forming a cross-functional team.
What is cross-functional team?A cross-functional team is a group of people with different expertise or specializations who collaborate on a project, task, or goal to achieve a common objective. Cross-functional teams can be made up of people from different departments, functions, or even external organizations.
Cross-functional teams have the following advantages: Improving Communication: Members of different departments, functions, or external firms collaborate and exchange knowledge and expertise, resulting in better communication and coordination.
Innovative Thinking: Since cross-functional teams bring together members with different expertise and viewpoints, they can generate new and innovative ideas.
Improving Decision Making: Cross-functional teams make use of various viewpoints and expertise, allowing for better decision making that accounts for a wider range of factors.
Improved results: The use of cross-functional teams may result in higher performance and more favorable outcomes, as each team member brings his or her own unique expertise to the table.
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what should dr. optic know about the certification of ehr products, particularly if he decides to purchase a different ehr in the future?
If Dr. Optic decides to buy a different EHR product in the future, he should be aware of certain factors relating to the certification of EHR products. For instance, in order to qualify for incentives under the Medicare EHR Incentive Program, eligible healthcare providers must use certified EHR technology.
Certification serves as a verification of compliance with various health IT standards established by the Office of the National Coordinator for Health Information Technology (ONC). Furthermore, it ensures that the product is capable of performing certain functionalities, such as capturing patient data, generating reports, and exchanging health information securely with other providers.
EHR certification is also essential because it helps healthcare providers ensure that their systems comply with the Health Insurance Portability and Accountability Act (HIPAA) regulations. Additionally, certification helps to reduce the risk of security breaches by ensuring that the EHR product meets certain cybersecurity standards.
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lincoln corporation used the following data to evaluate their current operating system. the company sells items for $18 each and used a budgeted selling price of $18 per unit. actual budgeted units sold 43,000 units 33,000 units variable costs $166,000 $150,000 fixed costs $41,000 $58,000 what is the static-budget variance of operating income?
The static-budget variance of operating income for Lincoln Corporation is $23,000. This can be calculated by subtracting the budgeted operating income from the actual operating income.
The budgeted operating income can be calculated by subtracting the budgeted variable cost from the budgeted sales revenue. For Lincoln Corporation, the budgeted sales revenue is $774,000 (43,000 units x $18) and the budgeted variable cost is $306,000 (43,000 units x $7). This leaves a budgeted operating income of $468,000 ($774,000 - $306,000).
The actual operating income can be calculated by subtracting the actual variable cost from the actual sales revenue. For Lincoln Corporation, the actual sales revenue is $594,000 (33,000 units x $18) and the actual variable cost is $266,000 (33,000 units x $8). This leaves an actual operating income of $491,000 ($594,000 - $266,000).
Therefore, the static-budget variance of operating income for Lincoln Corporation is $23,000 ($491,000 - $468,000). This variance can be attributed to the fact that Lincoln Corporation sold 10,000 fewer units than what was budgeted for, as well as a higher-than-expected variable cost of $8 per unit instead of the budgeted $7.
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jeff bezos' original business plan for amazon involved taking orders for books and having the items shipped directly from the publisher to the customer. he modified the plan to include other products such as toys and decided to buy the toys from the producers and ship them from his own warehouse. this modification of the original plan is called a
Jeff Bezos' original business plan involved taking orders for books and having the items shipped directly from the publisher to the customer. He modified the plan, this modification of the original plan is called a pivot. The correct option B.
What is a pivot?A pivot is a significant or fundamental shift in business strategy. It's a method for examining and revising your firm's goals and processes in response to market dynamics or the outcomes of your business activities. In order to ensure that the company's direction is consistent with new circumstances, a pivot is used to make significant strategic modifications to a business or product.
The initial idea is modified when a company decides to concentrate on a new market, create a new solution, or abandon one aspect of the business in favor of another.
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what form does the canons of professional ethics and conduct say must be on display in a readily noticeable location in each of the real estate brokers places of business?
Each of the real estate broker's places of business must have a copy of the Canons of Professional Ethics and Conduct on display in a prominent position.
To satisfy client wants and make a profit, business is the action of developing, producing, purchasing, or selling goods and services. It is a broad field with numerous facets, including management, operations, marketing, finance, and accounting. Businesses that are successful must have a good business plan that is in line with their objectives and core values, as well as a comprehensive awareness of their target market, the competitors, and current industry trends. Long-term success also requires solid relationships with partners, staff, and customers. In the quickly evolving business world of today, innovation and adaptability are crucial because businesses need to be able to react quickly to emerging technology, client demands, and market movements.
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which of the following is an example of retailing? which of the following is an example of retailing? hub styles procures its raw materials directly from farmers in the region. sez u inc. sells a limited line of fast-moving goods to small retailers for cash. praxis international sells products to consumers directly through the internet. dylan's sends catalogs to retail, industrial, and institutional customers.
The example of retailing is "SEZ U Inc. sells a limited line of fast-moving goods to small retailers for cash."
Retailing is the process of selling goods or services directly to the end consumer for personal or household use. In this example, SEZ U Inc. is selling a limited line of goods to small retailers, who in turn sell these goods to the final consumers. This makes SEZ U Inc. a wholesaler or distributor, and the small retailers are the ones engaged in retailing.
The other options mentioned are not examples of retailing. Hub Styles procures raw materials directly from farmers, which is an example of sourcing raw materials. Praxis International sells products directly to consumers through the internet, which is an example of e-commerce. Dylan's sends catalogs to retail, industrial, and institutional customers, which is an example of direct marketing.
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If producers believe that the economy is strong so that investment spending increases, we would expect to see
an increase in the demand for money.
a decrease in the demand for money.
an increase in the quantity of money demanded.
a decrease in the quantity demanded of money.
no change in the demand for money.
Answer:
The answer is C
Explanation:
selected financial information for thornton company for year 4 follows: sales $ 2,400,000 cost of goods sold 1,680,000 merchandise inventory beginning of year 158,000 end of year 198,000 required assuming that the merchandise inventory buildup was relatively constant, how many times did the merchandise inventory turn over during year 4?
The merchandise inventory turnover during year 4 for Thornton Company was 4 times.
This can be calculated by dividing the cost of goods sold for the year ($1,680,000) by the average merchandise inventory for the year, which is ($158,000 + $198,000)/2 = $178,000. Therefore, the turnover is $1,680,000/$178,000 = 4.
To explain further, the inventory turnover ratio measures how efficiently a company is using its inventory. This ratio is found by dividing the cost of goods sold by the average merchandise inventory for the year.
In the case of Thornton Company, the cost of goods sold for year 4 was $1,680,000 and the average merchandise inventory for the year was $178,000.
Thus, the inventory turnover ratio was 4, which suggests that Thornton Company was efficiently utilizing its inventory.
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the existence of high exit barriers such as ownership of specialized assets (e.g., large aircraft) in the airline industry indicates that
High exit barriers in the aviation sector show that it is challenging for businesses to close their doors, which promotes fierce rivalry and a constrained capacity to adapt to change, both of which have an impact on the performance of the sector.
Which type of setting places more emphasis on significant outside variables that impact the entire industry?The term "macro environment" refers to the main outside, uncontrollable elements that affect how an organisation makes decisions. A company's operations take place in a broader context than merely the local marketplace.
Which of the following is an industry entry barrier?Complete Resolution. The right response is Patents. Barriers to entry, as used in economics and business, refer to conditions that make it difficult for newcomers to enter a market or industry sector and hence reduce competition.
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when the price of nba tickets is $25 each, 30,000 tickets are sold. after the price rises to $30 each, 20,000 tickets are sold. at the original price, the demand for nba ticket is
When the price of NBA ticket is $25 each, 30,000 tickets are sold every game. After the price rises to $30 each, 20,000 tickets are sold every game. At the original price, the demand for NBA ticket is: elastic.
A demand that is elastic experiences a significant change in quantity demanded as a result of a price change. When the amount demanded changes little as a result of a price change, the demand is said to be inelastic. Price levels, the nature of the good or service, income levels, and the presence of any potential substitutes are just a few of the many variables that affect how elastic the demand for a product is.
Because consumers are likely to purchase at a lower price if prices drop, expensive goods frequently exhibit high price elasticity. Electronics or clothing are examples of elastic goods, whereas food and prescription medications are examples of inelastic goods. Cross elasticity gauges how demand for one good changes in response to price changes for another, related good.
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blunt, inc. a u.s. corporation, earned $600,000 in total taxable income including $80,000 in foreign-source taxable income from its german branch's manufacturing operations and $30,000 in foreign-source taxable income from its swiss branch's engineering service operations. blunt paid $20,000 in german income taxes and $1,800 in swiss income taxes. assume the u.s. tax rate is 21%. compute blunt's u.s. tax liability after any available ftcs.
The blunt's US tax liability after available FTCs is $102,900.
The question asks us to compute the US tax liability of Blunt after any available FTCs (Foreign Tax Credits).The calculation of the US tax liability after FTCs is an iterative process involving both the calculation of the US tax and FTCs.Let's first calculate the US tax liability: US tax liability = 21% of $600,000 = $126,000Next, we need to determine the FTCs available for Blunt. FTCs are provided to taxpayers to eliminate double taxation.
The credit can be applied to a portion of the foreign tax paid by a corporation.Let's calculate the FTCs for Blunt:FTC = Lesser of Foreign Tax Paid or (Foreign Source Income/Total Income) x US Tax Liability FTC for German operations = Lesser of $20,000 or ($80,000/$600,000) x $126,000= $16,800 FTC for Swiss operations = Lesser of $1,800 or ($30,000/$600,000) x $126,000= $6,300The total FTC available for Blunt is $16,800 + $6,300 = $23,100The US tax liability after FTCs can be calculated as:US Tax Liability After FTCs = US Tax Liability - FTCs= $126,000 - $23,100= $102,900, Therefore, Blunt's US tax liability after available FTCs is $102,900.
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May provide a more accurate assessment of an applicant's job-related personality traits than other types of interviews Unstructured interview 2. Should be avoided in favor of other types of interviews Click to select 3. Asks candidates questions that focus on hypothetical situations (Click to select) interview 4 Each applicant's conversation with the interviewer is different can feel more like an ordinary, informal conversation than a job Click to select 5. Attempts to learn how employees have dealt with workplace situations in the past Click to select) 6. Has been found to be poor for employee morale once an applicant who has been through this type of interview accepts the job T ack to select) < Prev 21 of 36 Next > 4.
The interview which provide accurate-assessment of the applicant's job related personality traits than other types of interviews is called as (c)Behavioral-description interview.
In the Behavioral-Description interview, the interviewer asks the candidate to describe specific examples of how they have acted in past work situations that relate to the job they are applying for.
By focusing on past behavior, this type of interview can provide insights about the candidate's actual actions and behaviors.
Therefore, the behavioral-description interview is often considered to be a more effective way of assessing a candidate's job-related personality traits, the correct option is (c).
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The given question is incomplete, the complete question is
Which type of interview may provide a more accurate assessment of an applicant's job-related personality traits than other types of interviews?
(a) Unstructured interview
(b) Situational interview
(c) Behavioral-description interview
(d) Does not apply
The majority of hotel executives recognize the need for greener hotels (Mendez, 2011; Stewart, 2012)
The majority of hotel executives recognize the need for greener hotels not plagiarized. The answer is option A.
An eco hotel, also known as a green hotel, is a hotel or lodging that has made significant environmental changes to its structure in order to reduce its influence on the natural environment. Going green is more than a trend; it is a means for the hospitality industry to reduce its impact on greenhouse gas emissions, water consumption, and waste management techniques.
Reduced plastic use and waste is one approach to lessen your hotel's environmental impact. Consider using recyclable and biodegradable packaging to reduce environmental impact, and attempt to use additional materials that may be re-used from visitor to guest to reduce unnecessary waste. The answer is option A.
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The question is incomplete complete question is given below:
a .Not plagiarized
b. Plagiarized; not correctly acknowledging direct quotations
c. Plagiarized; not correctly acknowledging the source of ideas
d. Plagiarized; not paraphrasing sufficiently
we know a good onboarding program should be about a year, more or less depending on the position. but when should a manager make sure to check in with the new hire? (check the one that isn't correct.)
A manager should not make sure to check in with the new hire only once a year. A good onboarding program should include frequent check-ins and conversations with the new employee throughout the program.
This will help to ensure that the employee is getting the necessary support and guidance to be successful in the role. During the initial few weeks, the manager should focus on providing the new hire with information and resources that will help them to become familiar with the company and their role.
As the onboarding program progresses, the manager should continue to check in with the employee to assess their progress and provide additional support and guidance. This will help to ensure that the new hire is being successful and is making steady progress in their new role. Additionally, checking in with the new hire frequently will help to build a positive relationship between the manager and the employee.
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what is the difference between utilitarianism and deontology and how can they run counter with each other? illustrate with an example in business.
Utilitarianism is an ethical theory that emphasizes the maximization of overall well-being or happiness. Deontology, on the other hand, is an ethical theory that emphasizes the moral rules or duties that people must follow.
While both theories share a concern for the well-being of others, they differ in their approach to ethical decision-making. The former seeks to maximize overall well-being, while the latter emphasizes moral rules or duties. This can lead to conflicts in certain situations.
For example, suppose a company must decide whether to lay off workers to cut costs. According to utilitarianism, the company should choose the option that maximizes overall well-being, which might involve laying off workers to cut costs. However, deontologists would argue that it is the company's moral duty to protect the well-being of its workers and that laying them off would be immoral. In this way, utilitarianism and deontology can run counter with each other.
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what greeting card featuring a gelert is offered for easter?
The greeting card featuring a Gelert for Easter is the "Blessings of Spring" card.
This card is made of sturdy, high quality card stock and features a Gelert in a basket of eggs with a festive and colorful background. The message of the card reads "Wishing you blessings of love and joy this Easter season."
The "Blessings of Spring" card is a great way to show someone you care during the Easter season. It is a beautiful card that conveys a message of love and joy during this special time.
A Welsh hound dog breed known as a Gelert is depicted on the card in a basket of eggs, which gives it a whimsical touch. The card's use of bold, upbeat colors makes it ideal for celebrating Easter.
The card's wording is equally upbeat and serves as a wonderful reminder that Easter is a time to give thanks for all of life's blessings.
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At WL. Gore, a company that makes Gore-Tex and 1.000 other products any employee can propose a new product. The employee must put together a plan and find sponsors within the company. The sponsors act as a team. The advantage of this is A. sharing the blame it anything goes wrong B. effectively combining the diverse sides of employees C. creating opportunities for social loang
The sponsors act as a team, which has the advantage of sharing the blame if anything goes wrong, effectively combining the diverse sides of employees, and creating opportunities for social loang.
The advantage of the employee proposal process at WL. Gore is effectively combining the diverse skills and perspectives of employees to develop new products, rather than sharing the blame or creating opportunities for social loafing. When an employee proposes a new product, they must put together a plan and find sponsors within the company. These sponsors act as a team and bring together their diverse skills and expertise to help develop and bring the product to market. This process fosters collaboration and innovation within the company, and allows employees at all levels to contribute to the success of the organization.
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blue corporation's standards call for 3,750 direct labor-hours to produce 1,250 units of product. during may 950 units were produced and the company worked 1,150 direct labor-hours. the standard hours allowed for may production would be:
The standard hours allowed for May production would be 3,750 direct labor-hours.
This is calculated by multiplying 1,250 (the number of units of product called for by Blue Corporation's standards) by 3,750 (the number of direct labor-hours called for by Blue Corporation's standards).
However, the company worked 1,150 direct labor-hours in May, which is less than the 3,750 standard hours allowed.
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Select the two primary characteristics that define advertising.
paid
nonpersonal
The two primary characteristics that define advertising are, (c) Paid and (d) Non Personal.
The Paid-advertising involves organizations paying for ad-space or time in various media channels such as TV, radio, online, or print. The main purpose is to promote a product, service or idea to a targeted audience.
The Non-personal advertising means that the message that is to be delivered to a group of people rather than to an individual.
This type of advertising could be done through mass media such as TV, radio, or social media.
Therefore, the correct options are (c) and (d).
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The given question is incomplete, the complete question is
Select the two primary characteristics that define advertising.
(a) Creative.
(b) Uniform.
(c) Paid.
(d) Non Personal.
(e) Uncontrolled.
the retained earnings account has a credit balance of $33,150 before closing entries are made. if total revenues for the period are $102,700, total expenses are $75,900, and dividends are $17,550, what is the ending balance in the retained earnings account after all closing entries are made?
After making all closing entries, the retained profits account's final amount is $42,400.
Total revenues minus total expenses equals net income.
= $102,700 - $75,900 = Net income
Net worth is $26,800.
Dividend per share x The number of outstanding shares equals the total cash dividend.
Total dividend / Outstanding Shares is dividend per share.
Dividend per share total equals $0.74 + $0.74 x 9%.
Dividend per share total equals $0.74 plus $0.0666.
Dividend per share overall equals $0.8066.
Debit: $102,700 in revenue
Credit: $102,700 Income Summary
Credit: Expenses $75,900 Debit: Income Summary $75,900
Credit: Dividends $17,550 Debit: Income Summary $17,550
Income Summary $9,250 debited; Retained Earnings $9,250 credited.
After making all closing entries, the retained profits account will have an ending balance of $42,400 ($33,150 + $9,250).
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select all that apply zion company sells merchandise on credit to brc, inc. in the amount of $1,200. the entry to record this sale would include a: (check all that apply.) multiple select question. credit to sales. debit to cash. debit to accounts receivable. debit to sales. credit to accounts receivable. credit to cash.
As there is no cash exchanged, the entry to reflect the sale of goods on credit to BRC, Inc. for $1,200 would include a debit to Accounts Receivable and a credit to Sales.
Which journal entry would include a debit to when recording goods for a refund?Accounts receivable or cash are credited to refund cash or lower what the client owes, while the sales returns and allowances account is debited to reduce sales.
What account must the transaction be posted to when a sales return is reported in the general journal?A straightforward transaction takes three lines in the general journal—two to list the accounts and one to describe the transaction. The general ledger accounts for each must then be posted with the transaction.
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