Internal growth rate is calculated by dividing retained earnings by total assets.
Retained earnings is calculated by subtracting dividends from net income
So: Retained earnings would be 12,493 - (12,493 X .4)
Then to find internal growth rate take your retained earning from above and divide by total assets (the total on the balance sheet : 106,900).
Answer: The professors have failed to engage Mia.
Explanation: Since Mia is an administrative officer, assigned with the role of serving the needs of the division's professor, her having plenty of ’free time’ simply tells the professors do not engage her well enough in her primary duty as an administrative officer to keep her busy.
Answer:
<em>Journal entry to record the issuance of materials</em>
Date Accounts & explanation Debit Credit
Work in process $61,600
(2,800+24,000+3,200+31,600)
Factory overhead $1,620
Material $63,220
(To record the issuance of material)
Answer:
1. The highest risk for the exporter is in
d. Consignment sales.
Explanation:
a) A consignment sale is not an actual sale. The risk remains with the exporter until the consignee has sold the goods and remitted the required amount to the consignor (exporter). With a letter of credit, the exporter has made an actual sale guaranteed for payment by the importer's bank. With advance payment, the exporter has received some payment for the goods before the importer receives them. With a bill of exchange, there is a formal instrument acknowledging the sale. Therefore, a bill of exchange, letter of credit, and advance payment are used for actual sales, while consignment sale is for transfers of goods for sale.
