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Law Incorporation [45]
3 years ago
7

Domain names that end in .edu are:

Business
1 answer:
marysya [2.9K]3 years ago
6 0
Edu means education so normally it is a college or other school website
You might be interested in
Ecker Company reports $1,925,000 of net income for 2017 and declares $269,500 of cash dividends on its preferred stock for 2017.
Basile [38]

Answer:

(A) $1,655,500

(B) $5.52 per share

Explanation:

Ecker company announced a net income of $1,925,000

They also declare a cash dividend of $269,500

The company has 300,000 weighted average shares of common stock

(A) The amount of net income available to common stockhloders for 2017 can be calculated as follows

Net income available to common stockhloders= Net income- Preferred Cash dividend

= $1,925,000-$269,500

= $1,655,500

(B) The common basic EPS for 2017 can be calculated as follows

Common basic EPS= Net income available to stockholders/weighted average outstanding shares

= $1,655,500/300,000

= $5.52 per share

7 0
3 years ago
At the beginning of its fiscal year, Lakeside Inc. leased office space to LTT Corporation under a nine-year operating lease agre
ziro4ka [17]

Answer:

a.Lakeside's earnings will reduce  by $156,000

b. Lakeside's earnings will increase by $20,000.

Explanation:

The rental fee payment per quarter =$39,000.

The rental fee payment per year = $39,000 x 4 = $156,000

In this case, none of the classification criteria of a capital lease is met. Hence, the lease will be recorded as an operating lease and all the four quarterly payments will be recorded as rent expense by LLT. This will reduce LTT's earnings by $156,000.

Lakeside will record all the payments received from LTT as rent revenue since it is an operating lease. Also, because Lakeside is the owner of the asset, she will record depreciation on the asset too.

Thus,

Increase in lakeside's earnings = Rent revenue - Depreciation expense.

Rent revenue = $156,000

Depreciation expense = $3,400,000 / 25 = $136,000

Thus,

Lakeside's earnings will increase by $20,000 (that is , $156,000 - $136,000).

4 0
3 years ago
Liang Company began operations on January 1, 2017. During its first two years, the company completed a number of transactions in
erica [24]

Answer:

Liang Company

Journal entries to record Liang’s 2017 and 2018 summarized transactions and its year-end adjustments to record bad debts expense (using the perpetual inventory system and applying allowance method for accounts receivable)

1. 2017 Journal entries:

Debit Accounts Receivable with $1,351,700

Credit Sales Account with $1,351,700

To record sales on credit, terms n/30.

Debit Cost of Goods Sold with $981,800

Credit Inventory Account with $981,800

To record cost of goods sold.

Debit Uncollectible Expense Account with $2,150

Credit Accounts Receivable with $2,150

To write off uncollectible accounts receivable.

Debit Cash with $670,400

Credit Accounts Receivable with $670,400

To record cash received on account.

December 31:

Debit Uncollectible Expense Account with $20,374.50

Credit Allowance for Uncollectible Account with $20,374.50

To record 3% allowance for accounts receivable balance.

2. 2018 Journal entries:

Debit Accounts Receivable with $1,586,800

Credit Sales Account with $1,586,800

To record sales on credit, terms n/30.

Debit Cost of Goods Sold with $1,326,300

Credit Inventory Account with $1,326,300

To record cost of goods sold.

Debit Allowance for Uncollectible Account with $25,300

Credit Accounts Receivable with $25,300

To write off uncollectible accounts receivable.

Debit Cash with $1,182,900

Credit Accounts Receivable with $1,182,900

To record cash received on account.

December 31:

Debit Uncollectible Expense Account with $36,658

Credit Allowance for Uncollectible Account with $36,658

To bring the allowance for accounts receivable balance to 3%.

Explanation:

1. Using the perpetual inventory system where transactions are recorded to inventory immediately and not at period-end, the sales transactions will reduce the balance of the inventory account with the cost of sales and increase the cost of sales with the same amount.  The Sales account is increased by sales value while the Accounts Receivable is also increased with the same amount.

2. The write-off is initially charged to the uncollectible expense account directly in 2017 but subsequently, it will be debited to the Allowance of Uncollectible account, applying the allowance method.

3. The perpetual inventory system, inventory transactions are recognized in the inventory and cost of goods sold accounts immediately and not at period-end like the periodic inventory system, which waits until inventory count to recognize transactions.

7 0
3 years ago
Which of the following statements about the segment margin is not true? In preparing a segmented income statement, the variable
Trava [24]

Answer: The segment margin is obtained by deducting the common fixed costs that have been allocated to a segment from that segment's contribution margin

Explanation:

Segment margin is referred to the net profit or the net loss that a particular segment of a business makes. Segment margin is used to know segments that are performing well.

It is also used to know the long-run profitability of a particular segment as it shows the margin that is available after the cost has been covered by a segment.

Based on the above illustration, the statement that isn't true will be "the segment margin is obtained by deducting the common fixed costs that have been allocated to a segment from that segment's contribution margin".

This is false as segment margin is gotten after the traceable fixed costs of a segment has been subtracted from the contribution margin of that particular segment.

8 0
2 years ago
A key factor in evaluating the target market's attractiveness is the market's desire for alternative/natural solutions because t
Rudik [331]

Answer:

Athletes

Explanation:

As athletes are more physically active and capable and because of their increasing workouts, they tend to have good stamina.

Athletes are health conscious and prefer to go for organic products, rather then chemical intensive products, as on the long run, organic products do not harm the body in any manner, that the chemical products might do.

Turmeric is best known for its natural purifying effects.

As a company targeting athletes would be very beneficial as the customers like them, will get attracted easily towards these products.

8 0
3 years ago
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