Answer:
The correct solution would be "320".
Explanation:
The given values are:
Number of shares
= 1,600
Dividend per share
= $0.20
Now,
The received dividend will be:
=
=
=
Answer and Explanation:
1. Petty cash Dr, 150
To Cash account $150
(Being establishment of the fund is recorded)
For recording this we debited the petty cash as it increased the current assets and credited the cash as it decreased the value of current assets
2. Office supplies $35
Entertainment expense Dr, $110
To Cash account (balancing figure) $140
To Cash short and over $5 ($150 - $35 - $110)
Here we debited the office supplies and entertainment expense as it increased the expenses and we credited the cash account as it decreased the current assets
3. Petty cash account $150 ($300 - $150)
To Cash account $150
(Being the increase in balance is recorded)
For recording this we debited the petty cash as it increased the current assets and credited the cash as it decreased the value of current assets
8.35=8
Any decimal point below 5 is rounded down; above 5 is rounded up
Ex: 10.6=11
Hope this helps!
Answer:
Concept & example of breakeven point
Explanation:
Break Even point is where, Total Revenue = Total Cost. So, dividing entire equation by Q, Average Revenue ie Price = Average Cost.
TC = 1000 + 2Q + 0.1 Q^2 , AC = TC / Q , AC = 1000 / Q + 2 + 0.1Q Lowest Price ie AR for breakeven, is where P = AC. So, P = 1000/Q + 2 + 0.1Q
Eg : For quantity Q = 100, minimum price for breakeven, at P = AC is (1000 / 100) + 2 + 0.1 (1000) = 100 + 2 + 100 = 202