Answer:
Journal.
Explanation:
Businesses record their daily financial transactions in a journal, also known as the businessperson's diary.
A journal entry involves the process of keeping the records of business transactions made by an organization.
The journal entry is used by bookkeepers and accountants. Ideally, it is important that a journal has all of following informations; date, reference number, debit balance, credit balance and transaction description.
In Accounting, most businesses use a double-entry account system and as such, the total amount debited must equal the total amount credited in a journal entry.
Answer:
$294,412.8
Explanation:
In order to obtain a seat on the board of directors, Raul must hold more than 50 percent of the total number of outstanding shares if there are three open seats and straight voting occurs.
Total number of shares required = (46,000 ÷ 2) + 1
= 23000 + 1
= 23,001 shares
Market price of share = $ 12.80
Total amount = Total number of shares required × Market price of share
= 23,001 × $ 12.80
= $294,412.8
The amount Raul wants to invest on obtaining a seat on board of directors is $294,412.8
Situations in which an employer would be required to pay overtime are:
A salaried employee works on a Saturday
A salaried employee works on a federal holiday
Explanation:
Overtime payments are required b the law to pay to a firm when they make their employees work over the permissible limit of work or hat is allowed int he job contract as the work limit for the company.
The concept is introduced for salaried workers as the work for a salary for the month and not on the hourly basis.
They are to be paid whenever they are made to work over whatever is in their contract which includes Saturday for most workers who do not have an off then and also on federal holidays invariably.
Answer:
PMT = $1875.00
Explanation:
The annuity refers to a series of fixed payments made after an equal interval of time and for a definite time period. The formula for the present value of annuity is,
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<u>For ordinary annuity</u>
PV of annuity = PMT * [(1 - (1+IN)^-n) / IN]
Plugging in the values for the available variables. We calculate the PMT to be,
14130.15 = PMT * [(1 - (1+0.08)^-12) / 0.08]
14130.15 = PMT * 7.536078017
14130.15 / 7.536078017 = PMT
PMT = $1875.000493 rounded off to $1875.00
