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3 years ago

9

you set your entertainment budget to $100 per month. Eating out cost $35, movies cost $15, and concerts cost $60. Can you eat ou

t, go to a movie, and go to a concert in the same month while staying within your budget?

1 answer:

Irina18 [472]3 years ago

5 0

No
15+35+60=110 which is greater than100

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(Cash dividends) Marshall Pottery Barn is a privately owned importer of Mexican pottery and garden supplies. The firm plans on p

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Answer:

A.The impact on the balance sheet after the payment of the dividends is a reduction in current asset-cash by $8580 as well as a drop in equity-specifically retained earnings by the same amount.

B.Total assets (book and market values) will decrease by $8580 and equity and liabilities on the other hand will also reduce by $8580.

A.The accounting entries in respect of the dividend payment will be :

Debit Retained earnings $8580

Credit Cash $8580

Explanation:

The dividends of $1.43 gives $8580 in total i.e $1.43*6000 shares

The impact of the dividend payment will be in terms of reduction in cash available for daily operations and reduction in funds attributable to shareholders.

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4 years ago

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Answer:

B) False

Explanation:

That would be a monopoly (only one supplier).

An oligopoly is a market where there are very few suppliers, and competition is very limited since the barriers to entry are very significant.

For example, the automobile industry is an oligopoly. There are only a few car manufacturers in the world, and they all are very large corporations. It costs hundreds of millions of dollars to introduce a new car model, and every time that happens, the corporations must carry on expensive advertising and promotional campaigns.

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4 years ago

On November 30, 2013, Piani Incorporated purchased for cash of $25 per share all 400,000 shares of the outstanding common stock

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Answer:

b. 800,000

Explanation:

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However, Piani Purchased 400,000 Shares of Surge's Outstanding Common Stock at $25 each. The total Cost therefore to Piani is

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The difference between Surge's book value and Piani's valuation of Surge is

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Step 2: Calculate the Difference between the Excess Property Fair Value and the Step One Total to arrive at the Goodwill

Out of the $2,000,000; $1,200,000 represents the excess of the fair value of Surge's Property, Plant and Equipment on November 30, 2013.

The Goodwill Value Therefore is

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= $2,000,000-$1, 200,000

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3 years ago

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Answer:

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3 years ago