Answer:
The journal entries are as follows:
(i) On January 1,
Petty cash A/c Dr. $200
To cash A/c $200
(To record the fund)
(ii) On January 8,
Postage A/c Dr. $44
Transportation-in A/c Dr. $12
Delivery expenses A/c Dr. $14
Miscellaneous expenses A/c Dr. $33
To cash $103
(To record the reimburse expenses)
(iii) On January 8,
Petty cash A/c Dr. $50
To cash A/c $50
(To record the increases petty cash fund)
Answer:
The correct answer is C
Explanation:
Closing entry is defined as the journal entry which is passed or made the end of the accounting period or year, which involves shifting of the data from the temporary accounts on the income statement to the permanent accounts on the balance sheet of the company.
The third closing entry which is to be recorded is as:
Income Summary A/c................................Dr $11,950
Capital A/c................................................Cr $11,950
Being the closing entry has been recorded
Working Note:
Amount = $69,700 - $57,750
= $11,950
The answer is<u> "a. analysis, planning, implementation, organization, and control".</u>
The marketing process comprises of five key steps. The initial step is comprehend the commercial center and client needs and wants.In the last advance of the five-advance process, the organization receives the benefits of solid client connections by catching an incentive from customers. The marketing process, in which four of them concentrated on making an incentive for clients. One procedure for making an incentive for clients is customer-engagement marketing, which encourages immediate and ceaseless client association in forming brand discussions, brand encounters, and brand network.
C. a negative duration on it's assets.
Answer:
Required rate of return = 10.75%
Explanation:
<em>The value of a stock using the dividend valuation model, is the present value of the expected future dividends discounted at the required rate of return. The required rate of return is the cost of equity
</em>
The model is represented below:
P = D× (1+g)/ ke- g
Ke- cost of equity, g - growth rate, p - price of the stock
This model can used to work out the cost of equity, as follows:
Ke = D× (1+g)/p + g
Ke = (1.48× 1.05)/27 + 0.05
Ke= 0.107555556
Required return = 0.1075 × 100 = 10.75
Required rate of return = 10.75%
