Answer:
(a)
Dr. Cr.
Feb 1
Investment $7,200
Cash $7,200
Jul 1
Cash $600
Dividend Income $600
Sep 1
Cash $4,300
Gain on sale $700
Investment $3,600
(b) Dividend will be shown as other income in the revenue section of Income statement. Gain on sale of common share will be reported on income statement after operating profit.
Explanation:
Per Share Purchase Price = 7200 / 600 = $12
300 Shares Purchase Price = $12 x 300 = 3,600
Answer:
D, a pareto diagram
Explanation:
The pareto diagram was named after the discoverer of the diagram/technique, Vilfredo Pareto. He used the diagram in his study of wealth and poverty in Europe in the 1900s.
The pareto diagram is a bar chart that ranks related events in decreasing other of occurrence. It contains both a bar and line graph. The individual events are recorded by the bar while the total event is recorded by the line graphs.
In the above question, for Clarissa to identify defects, she has to use Pareto diagram which will have the defects represented by the bar and the total production process by the line graph. This helps her to find out the stage in production where the defects started from and how much effect it has onn the production process.
Cheers.
Answer: Form 8-K
Explanation:
An 8-K is a report the corporate changes that happens at an organization. The information given in form 8-K is important to the shareholders of the organization and also to the Securities and Exchange Commission.
Events such as bankruptcy, acquisitions, resignation of directors can all be seen in the report.
Answer:
The answer is
Dr: Notes Receivable $4,800
Dr: Interest Receivable $120
Cr: Sales $4,920
Explanation:
The yearly interest rate is 10%
So the interest rate for 90 days(assume 360 days make a year?
90/360 x 10%
2.5% is the interest rate for 90 days.
The interest payment for 90 days will be;
2.5% x $4,800
= $120
The entry will now be:
Dr: Notes Receivable $4,800
Dr: Interest Receivable $120
Cr: Sales $4,920
Answer:
D
Explanation:
This will help her develop journalism skills at a younger age
