Answer:
the Federal Trade Commission
Explanation:
Federal Trade Commission - This commission was established in 1914 with the aim to improve the competition practice in commerce. As the year passed, some amendments have done in the commission, now authority can police illegal competition practice.
it helps the customers in filing cases against any fraud, theft or any unfair practice against them.
Answer:
optimal capital structure
Explanation:
optimal capital structure can be regarded as a combination of
of debt and equity financing which brings about maximization of amarket value in a firm. It should be noted that optimal capital structure is the combination of debt financing and equity financing that maximizes a firm's value.
Answer:
The budgeted ending balance of cash for the month of April is $36,000
Explanation:
Ending balance of cash = Cash balance at beginning of April + Expected cash receipt - (Salary paid + Material purchases + Other expenses)
= $16,000 + $272,000 - ($62,000 + $94,000 + $96,000)
= $288,000 - $252,000
= $36,000
Note: Depreciation is non- cash expense so it will not be considered while computing the cash balance at the end of the month.
Answer:
Debit Treasury stock for $3,600
Credit Cash also for $3,600
Explanation:
A share repurchase which is also known as a share buyback refers to an act of buying back by a company of its own shares from the market.
A share repurchase is another flexible way thrrough which a company returns money back to shareholders.
The repurchase of California Surf Clothing Company can be recorded as follows:
<u>Account Name Dr ($) Cr ($) </u>
Treasury stock (w.1) 3,600
Cash 3,600
<em><u>(To record 100 shares repurchase at $36 per share.) </u></em>
Working
w.1: Treasury stock = Number of shares repurchase * Cost per share = 100 * $36 = $3,600
