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3 years ago

The following transactions occur for the Wolfpack Shoe Company during the month of June:

Business

1 answer:

inessss [21]3 years ago

4 0

Answer:

Please see the attached snapshots for the answers.

Explanation:

Debit: Cash $30,000

Credit: Service Revenue $30,000

To record Service Revenue.

Debit: Supplies $20,000

Credit: Accounts Payable $20,000

To record purchase of supplies on account.

Debit: Salaries Expense $7,000

Credit: Cash $7,000

To record salaries Expense.

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A stores new environmental policy (PLS HELP ASAP)

Marat540 [252]

The policy is not practical because it is not enforceable. Lots of shops or businesses will not practice this as it will scare customers away.

<h3>Why is the policy not fair?</h3>

The policy is not fair because throw away paper is recyclable while plastic bags are not. Hence people who use paper should not be charged as much as those who use plastic bags, if at all.

<h3>What is the saving due if a person brings their own container to bag their groceries?</h3>

They most likely wills save 5% on every purchase made.

<h3>Why are environmental policies important?</h3>

The goal of environmental law is to safeguard the

land,
air,
water, and
soil.

Infractions of these rules result in a variety of penalties, including fines, community service, and, in severe circumstances, jail time.

Without environmental regulations, the government would be unable to penalize people who harm the environment.

Learn more about environmental policies:

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2 years ago

Luthan Company uses a plantwide predetermined overhead rate of $22.20 per direct labor-hour. This predetermined rate was based o

nalin [4]

Answer:

The amount of manufacturing overhead cost that would have been applied to all jobs during the period is $279,720

Explanation:

The computation of the amount of manufacturing overhead is shown below:

= Predetermined overhead rate per direct labor-hour × total direct labor-hours

= $22.20 × 12,600 direct labors

= $279,720

Since the predetermined overhead rate is already given in the question, so there is no need to recalculate it and the other items which are mentioned are not relevant for the computation part. Hence, ignored it

6 0

3 years ago

Joker stock has a sustainable growth rate of 7 percent, ROE of 10 percent, and dividends per share of $1.20. If the P/E ratio is

belka [17]

Answer:

P/E ratio = <u>Market price per share</u>

Earnings per share

15 = <u>Market price per share</u>

Market price per share = 15 x $4 = $60

Growth rate = Retention rate x ROE

0.07 = Retention rate x 0.10

<u>0.07</u> = Retention rate

0.10

Retention rate = 0.7 = 70%

Dividend pay-out ratio = 100% - 70%

Dividend pay-out ratio = 30%

Earnings per share = 100/30 x $1.20 = $4

Explanation:

In this case, we will apply the formula of price-earnings ratio, which is market price per share divided by earnings per share. The P/E ratio was given while the earnings per share is derived. The market price per share becomes the subject of the formula.

In order to determine the earnings per share, we need to obtain the retention ratio by applying the formula of growth rate. In this case, growth rate and ROE were provided in the question with the exception of retention rate. Thus, the retention rate is made the subject of the formula. Having obtained the retention rate, we will now obtain the dividend payout ratio which is 100% minus retention rate.

Then, we will obtain the earnings per share by dividing 100 by the pay-out ratio multiplied by the dividend per share.

8 0

4 years ago

Federated investors has a , with each mutual fund being managed by several portfolio managers who together take responsibility f

Archy [21]

Federated investors has a LOAN , with each mutual fund being managed by several portfolio managers who together take responsibility for the fund's performance.

4 0

3 years ago

An experienced employee who supervises, coaches, and guides lower-level employees by introducing them to the right people and ge

torisob [31]

Answer:

Mentor

Explanation:

The mentor is the person who has knowledge, experience, skills and he or she is able to guide, motivate, gives the training, supervise the lower skill employees so that they can perfect in their work.

But for motivating, guiding the employees we need to appoint the right people who belong from organizational sponsor so that the lower level employees could able to accomplish their tasks so that the overall objective of the company could be accomplished.

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3 years ago