Answer:
C. Debit Cash $1, 385: credit sales $1, 300: credit Cash Over and Short $85.
Explanation:
Based on the information given The proper entry to account for this excess is:
Debit Cash $1,385
Credit Sales $1,300
Credit Cash Over and Short $85
($1,385-$1,300)
Answer:
B. preference shares
Explanation:
Option A is wrong because equity shares provide a different rate of dividends to a shareholder. Equity shares are known as ordinary shares. Therefore, option C is wrong.
There are no priority shares in the components of stockholders' equity. Hence option D is wrong.
Investment security does not give any dividends. So option E is wrong.
Option B is correct because preference shares give a fixed rate of dividend.
Answer:
B. Broad differentiation strategy
Explanation:
Broad differentiation strategy -
It refers to the method to strategize the business or the product in a very unique and innovative manner , is referred to as broad differentiation strategy .
The method is done by trying to adapt new method to present their goods and services , add new features , tries to relate to the likes and dislikes of the consumers .
The method is very helpful for a larger company than for smaller one .
The method is helpful to increase the production of the company , and thereby the profit of the company increases .
Hence , from the given scenario of the question ,
The correct answer is B. Broad differentiation strategy .
Answer:
35 times
Explanation:
The price-earnings ratio is the financial ratio that compares the market price of a share with its earnings in order to determine whether the share gives earnings that makes it a good buy.
Price-earnings ratio=market price per share/earnings per share
market price per share for 2017 is $42
earnings per share=net income-dividends/average common stock outstanding
net income is $108,000
dividends is nil
average number of common stock is 90,000
earnings per share=$108,000-$0/90,000=$1.2
price earnings ratio=$42/$1.2=35 times
Answer:
For Juniper Enterprises to breakeven it must sell 607 units
Explanation:
To break-even means making sales where the proceeds from sales transactions equal the amount of total costs incurred,hence no gain no loss situation.
Break-even point in units=fixed cost/contribution per unit
fixed costs incurred is $8,400
contribution per unit=selling price per unit -variable cost per unit
selling price is $28
variable cost is $16.80
contribution per unit=$28-$16.80=$11.2
0
break-even in units =$6,800/$11.2
0=607 units
