Affiliated directors in a company are D. agents of top management.
<h3>Who are affilaited directors??</h3>
These are directors that sit on the board who are not independent because they have links to the shareholders who put them there.
These shareholders are usually the top management of the company which means that affiliated directors work to help them.
Find out more on affiliated directors at brainly.com/question/13963102.
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Answer:
The $21,122 would he have to sell in a month if he wants to have a monthly income of $2400
Explanation:
In this question we assume the value which is shown below
Let us assume the amount which is sell be X
So, the equation would be
Commission × (Sale amount - sales amount) + Base salary = Monthly income
0.09 × (X - $1,950) + $675 = $2,400
0.09X - $176 + $675 = $2,400
0.09X = $2,400 + $176 - $675
0.09X = $1,901
So, X = $21,122.22
X = Sale amount = $21,122.22
Answer:
Item a
Debit : Salaries Expense $1,700
Credit : Salaries Payable $1,700
Item b
Debit : Depreciation expense $200
Credit : Accumulated depreciation $200
Item c
Debit : Insurance expense $350
Credit : Prepaid Insurance $350
Item d
Debit : Supplies expenses $110
Credit : Office Supplies $110
Item e
Debit : Unearned revenue $400
Credit : Revenue Earned $400
Item f
Debit : Accounts Receivable $900
Credit : Service Revenue $900
Explanation:
The adjusting entries for the month of December have been prepared above.
Answer:
10.14%
Explanation:
1) Value of common stock outstanding is $69 x 27,000 = $1,863,000
Value of preferred stock = $90 x 6,800 = $612,000
Value of debt = 374000 x 2.06 = $770,440
Total value = 1863000 + 612000 +770440 = $3245440
% of common stock = 1863000/3245440 = 57.40%
% of preferred stock = 612000 / 3245440 = 18.86%
% of debt = 770440 / 3245440 = 23.74%
2) Weighted average cost of capital = Average weight cost of equit + Average weight cost of preferred stock + Average weight cost of debt after tax
= (0.574 x 0.135) + (0.1886 x 0.068) + (0.2374 x 0.0778 x 0.6) = 10.14%
