Answer:
Following are the journal entries for Setterstrom Company;
<u>May 01</u>
Debit: Petty cash = $100.00
Credit: Cash = $100.00
<u>Jun 01
</u>
Debit: Delivery Expense = $31.25
Debit: Postage Expense = $39.00
Debit: Miscellaneous Expense = $25.00
Debit: Cash over/short (Balance amount) = $3.00
Credit: Petty Cash ($100 - $1.75) = $98.25
<u>Jul 01</u>
Debit: Delivery expense = $21.00
Debit: Entertainment expense = $51.00
Debit: Miscellaneous expense = $24.75
Credit: Petty Cash ($100 - $3.25) = $96.75
<u>Jul 10
</u>
Debit: Petty cash = $30.00
Credit: Cash = $30.00
Answer:
Personal financial planning
Explanation:
If you plan out how you will spend, save, and invest your money, you can get to many places in live.
Answer:
Accounting profit= $55,000
Explanation:
Giving the following information:
Last year, he earned $70000 in revenue. He had explicit costs of $15000.
<u>The accounting profit doesn't take into account the opportunity cost of other income options.</u>
Accounting profit= 70,000 - 15,000= $55,000
Mass Marketing is the targeting strategy that focuses on common consumer needs, as opposed to different needs. The main focus with mass marketing is to promote a good or service to a large audience that will appeal to as many consumers as possible.
Answer:
The solution according to the given query is summarized in the explanation segment below.
Explanation:
Given:
Face value,
= $508,500
Coupon rate,
= 6%
Bonds mature in years,
= 7
Now,
(a)
Issue price will be:
= 
= 
= 
($)
(b)
Issue price will be:
= 
= 
= 
($)
(c)
Issue price will be:
= 
= 
= 
($)
