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asambeis [7]
2 years ago
5

Livewire company and mccoy's candy, inc., sign a document that states livewire agrees to design a web page for mccoy's, which ag

rees to pay for the service. this is​
Business
1 answer:
MariettaO [177]2 years ago
3 0
This is known as a service agreement. A service agreement is used by companies who want to have a transaction with service providers in order to avail of their services. This is to ensure that both of the parties involved agree on each other terms and that there will be no confusion or conflict. 
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Prepare journal entries to record the declaration and payment of these stock and cash dividends. 2. Prepare the December 31, 202
erma4kov [3.2K]

Answer:

Retained Earning (Dr.) $295,000

Stock Dividend Payable (Cr.) $295,000

To record stock dividend

Retained Earnings (Dr.) $157,800

Cash (Dr.) $157,800

To record cash dividend

Explanation:

Statement of Shareholder's Equity

Retained Earnings Beginning Jan 21 $1,275,000

Net Income $2,250,000

Cash Dividend $157,800

Stock Dividend $295,000

Retained Earning Ending $3,072,200

5 0
3 years ago
Ambiguity can arise as to whether receivables have been sold or instead are being used as collateral for a loan whenever certain
victus00 [196]

Answer:

is whether the transferor surrenders control over the receivables

Explanation:

In Sales of Receivables and Collateralized Borrowing,.companies do not want to wait for payments to arrive as they simply quickens cash collection with help of bank or financing company and also factoring and collateralized borrowings are various means to speed up cash collections. In Collateralized borrowing, receivables are simply collateral. Company gets cash from bank and is saddle with the responsibility for repaying loan.

Issues regarding collateralized borrowing are the sales of receivables had the purchaser is called a factor, borrowing using receivables as collateral and accounts receivable is not wipe off from seller's books.

6 0
2 years ago
You and a friend are putting together a film on a very small budget. the script takes place in the 1970s, but you don't have muc
myrzilka [38]

Some of the ways that you could find costumes for your film are the following:

<span>1. </span><span>It would first help to have actors that already look like they belong in the 1970’s. Having the authentic look can help sell the costumes even more. </span>

<span>2.</span> Relying on second-<span> hand/low-budget vintage stores would be the way to go.</span>

<span>3. </span><span>Go to a Fabric store or some place online and order fabric to create, If there were a piece that couldn’t be find and needed in the film.</span>





7 0
3 years ago
You are a management consultant for a 30-year old partner in a large law firm. In a meeting, your client says: "According to an
shtirl [24]

Answer:

Please see attachment

Explanation:

Please see attachment

4 0
3 years ago
Use the following to answer question 10: Presented below is information related to ABC Corporation: Common Stock, $1 par Paid-in
lutik1710 [3]

Answer:

Explanation:

Calculation to determine what The total stockholders' equity of ABC Corporation is

Using this formula

Total stockholders' equity

=Common Stock+Paid-in Capital in Excess of Par—Preferred Stock + Paid-in Capital in Excess of Par—Common Stock + Preferred Stock, + Retained Earnings -Treasury Common Stock (at cost)

Let plug in the formula

Total stockholders' equity=$3,500,000 + 400,000 + $550,000 + $2,000,000 + $1,500,000 - $150,000

Total stockholders' equity= $7,800,000

Therefore The total stockholders' equity of ABC Corporation is $7,800,000

7 0
3 years ago
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