Answer:
It acts as a stimulus to a market
Explanation:
Incentive encourages people to act in a particular and desired way. It is anything that motivates people to work hard to achieve set objectives.
Since incentives influence behavior, they can act to stimulate the market. Stimulating the market refers to the actions that encourage increased economic activities. Incentives lead to increased levels of activities in the market.
Answer:
Explanation:
The journal entries are shown below:
On October 1
Dividend Declared A/c Dr $650 (2,600 shares × $0.25)
To Dividend payable A/c $650
(Being dividend is declared)
On October 15
No entry is required
On October 31
Dividend payable A/c Dr $650
To Cash A/c $650
(Being dividend is paid for cash)
The future value of a given amount of money at a simple interest rate r% after t years is given by the formula: FV = PV(1 + rt), where PV is the present value of the money, r is the rate and t is the time.
FV = PV(1 + rt)
FV = 240000(1 + 0.1 x 5)
FV = 240000(1 + 0.5)
FV = 240000(1.5)
FV = 360,000
Therefore, the future amount of $240,000 received 5 years from today at 10 percent annual interest is $360,000
The manager of McDonald's restaurant is an example of an ADMINISTRATIVE manager.
That fund is called the working capital. In running a company, there must be some money kept aside to handle petty cash issues generally occuring on a daily basis. This fund allows the organisation to be able to resist certain problems encountered because of lack of sufficient provision against unexpected events that may jeopardise the future of the company.
