Answer:
e. Debit Retained earning $49,280 Credit Common stock dividend distributable $35,200
Credit Paid in capital in excess of par value(Common stock) $14,080
Explanation:
The journal entry is as follows:
Retained earnings (3,520 shares × $14)
Dr $49,280
_______ Common stock dividend distributable (3,520 shares × $10)
Cr $35,200
_______ Paid in capital in excess of par value ($49,280 - $35,200)
Cr $14,080
Answer:
A) Inventory is reported as a current asset because it will be converted into cash within a year of the balance sheet date.
Explanation:
The total assets comprise of current assets, fixed assets, and the intangible assets
The current assets include cash, stock, account receivable, etc
Fixed assets include plant & machinery, land, equipment, furniture & fittings, etc.
And, the intangible assets include patents, copyrights, goodwill, etc.
The current assets are those assets which are converted into cash in less than one year
Some options would have definitely helped in answering the question. I am answering this question based on my research and knowledge. "It addresses trade and commerce between nations" describes<span> the role that economic foreign policy plays in the global economy. I hope that the answer has come to your help.</span>
Answer: $1.92
Explanation:
First we would need to calculate the EBIT in a Recession.
Question says that EBIT in a Recession is 20% lower than normal.
Calculating therefore we have,
= 76,400 * ( 1 - 0.2)
= 76,400 (0.8)
= $61,120
EBIT in a Recession is $61,120.
Now we have to account for taxes assuming no interest payments.
Taxes are 35%.
= 61,120 ( 1 - 0.35)
= $39,728
This is the after tax earnings in a Recession.
Earnings Per Share (EPS) is simply Earnings divided by No. of shares
= $39,728/20,700
= $1.92
The EPS in a recession is $1.92
Answer:
A.
Explanation:
According to my research on standard deviations, I can say that based on the information provided within the question No, because the sample is not representative of the whole population. This would not be the case if the samples included the entirety of the TV personalities population, which would then make the statistics accurate.
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