Answer:
a. A company's book value reflects the company's history of equity investment and retained earnings; a company's market value reflects investor's view of the company's future earning prospects.
Explanation:
The book value of a company is the residual equity and retained earnings after all liabilities paid. Market value is the view of investor's about the company and is what the company would be worth if it were to be sold.
Answer:
Explanation:
Let the appraisal value be p.
.90 p = 220000
p = 220000 / .9
= 2,44,444
cash down payment = .1 x 244444
= 24444
Price of the house = 1.05 x 244444 ( 5% more than appraisal value )
= 256666.
Lincoln company's strategy of dividing its consumer market will enables it to define customer needs and wants more precisely.
<h3>What is the
strategy used by Lincoln company?</h3>
In marketing, this is known as segmentation which involves division of customers according to their segment such as age, needs, gender etc.
Here, as the firm has divided its consumer market into several groups that have similar interests in wooden furniture, this will allow them to define customer needs and wants more precisely.
Therefore, the Option B is correct.
Read more about segmentation
<em>brainly.com/question/7181203</em>
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Answer: A) debit to Salaries and Wages Expense for $88,800
Explanation:
When recording the payroll for the month, the gross pay of $88,800 will be debited to the Salaries and Wages expense account.
The relevant deductions are then made which in this case would be FICA taxes, Income taxes withheld and Medical insurance deductions. The unemployment taxes are the responsibility of the employer so will not be deducted.
The Journal entry will therefore be;
Debit Credit
April 30 Salaries and Wages Expense 88,800
FICA Taxes withheld 6,790
Income taxes withheld 18,500
Medical Insurance deductions 3,300
Salaries and Wages Payable 60,210
