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andreyandreev [35.5K]

3 years ago

5

The fact that businesspersons are expected not to harm customers, clients, and competitors knowingly through deception, misrepre

sentation, coercion, or discrimination is part of the practice of

1 answer:

just olya [345]3 years ago

4 0

Ethics.

Business ethics is a system of ethical principles for acting fairly and honestly in the workplace and with customers and companies.

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The transactions of Spade Company appear below. Kacy Spade, owner, invested $12,500 cash in the company in exchange for common s

horrorfan [7]

Answer:

Debits of trial balance = Credits of trial balance.

Explanation:

1. Dr Cash 12500

Cr Capital 12500

2.Dr Office supplies 363

Cr Cash 363

3.Dr Office equipment 6913

Cr Accounts payable 6913

4. Dr Cash 1475

Cr Service revenue 1475

5. Dr Accounts payable 6913

Cr Cash 6913

6. Dr Account receivable 2650

Cr Service revenue 2650

7. Dr Rent expense 520

Cr Cash 520

8. Dr Cash 1113

Cr Account receivable 1113

9.a) Dr Retained Earning 1100

Cr Dividend payable 1100

b) Dr Dividend payable 1100

Cr Cash 1100

Ledgers:

Cash=12500-363+1475-6913-520+1113-1100= Dr 6192

Office Supplies = Dr 363

Office equipment = Dr 6913

Capital = Cr 12500

Accounts payable = 6913-6913=0

Service revenue = 1475+2650= Cr 4125

Rent expense = Dr 520

Account receivable = 2650-1113= Dr 1537

Retained earning = Dr 1100

Dividend payable =1100-1100=0

Trial Balance

_Dr________________________________________Cr_____

6192 cash ----- 12500 Capital

363 Office supplies ----- 4125 Service revenue

6913 Office equipment -----

520 Rent expense ------

1537 Account receivable

1100 Retained earning

Total = 16625 ------ Total = 16625

5 0

3 years ago

On June 27, 2021, Cara Van Travel distributed to its common shareholders 510,000 outstanding common shares of its investment in

Phoenix [80]

Answer:

The correct answer is $255,000.

Explanation:

According to the scenario, the given data are as follows:

Total outstanding shares = 510,000

Shares value before = $3.10

Shares value after deal = $3.60

So, we can calculate the amount of gain on disposal by using following formula:

Gain amount on disposal = Total number of shares × Difference in share value

By putting the value, we get

= 510,000 × ( $3.60 - $3.10)

= 510,000 × $0.50

= $255,000

6 0

3 years ago

The criteria that parties to a contract must be in agreement is also known as

irga5000 [103]

Answer:

C: Mutual Assent.

Explanation:

Mutual assent is a legal term which represents an agreement by both parties to a contract. When two parties to a contract both have an understanding of the parameters, terms and conditions surrounding a contract, it ultimately implies that they are in agreement; this is generally referred to as mutual assent.

Hence, the criteria that parties to a contract must be in agreement is also known as mutual assent.

<em>In a nutshell, mutual assent connotes agreement, acceptance and consent to a contract by both parties. </em>

7 0

3 years ago

DEF Corporation had two issues of ordinary preferred stock with a $100 par value traded on the NYSE. One issue paid $5.56 annual

asambeis [7]

Answer:

5.93%

Explanation:

Cumulative Dividend for both (5.56+5.88) $11.44

share price for both types of preferred stock (95.55+97.5) $193.05

Cost of preferred stocks $11.44/193.05=5.93%

6 0

3 years ago

Acme-Jones Corporation uses a weighted-average perpetual inventory system. August 2, 24 units were purchased at $23 per unit. Au

Gnoma [55]

Answer:

Cost of goods sold= $816

Explanation:

Giving the following information:

Acme-Jones Corporation uses a weighted-average perpetual inventory system.

August 2: 24 units were purchased at $23 per unit.

August 18: 40 units were purchased at $25 per unit.

On August 29: 34 units were sold.

Weighted-average= (23 + 25)/2= $24

Cost of goods sold= 34*24= $816

5 0

3 years ago