The covenant whereby one warrants that he is the possessor and owner of property being conveyed is the covenant of seizen.
A covenant is a two-party promise, agreement, or contract. The two parties agree that certain activities will or will not be carried out as part of the covenant.
Covenants in finance typically refer to terms in a financial contract, such as a loan document or bond issue, that specify the maximum amount that the borrower can lend. In religion, covenants frequently convey the binding relationship between a deity and humanity.
Covenants are frequently expressed in terms of financial ratios that must be met, such as a maximum debt-to-asset ratio or other such ratios. Covenants can cover anything from minimum dividend payments to working capital levels that must be maintained to key employees remaining with the company.
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Answer:
The Journal entries are as follows:
(i) On March 15,
Dividend [0.075×220,000,000] A/c Dr. $16,500,000
To dividend payable $16,500,000
(To record the declaration of cash dividends)
(ii) On March 30,
No Journal entry required
(iii) On April 13,
Dividend payable A/c Dr. $16,500,000
To cash $16,500,000
(To record the payment of cash dividends for its 220 million shares)
A. You have already paid taxes on the money, so it will grow tax free.
Not sure how specific this has to be but setting percentages of where you want your money would be a great way if that’s an option.
Answer:
C. Planning, directing, and controlling; these are functions of a manager.
