<span>Assuming no other transaction happened during the year, the long term investments in the balance sheet will increase. The answer is letter A.This is because Joan already purchased 10,000 shares of Smith Metals Inc. for $34,000 in exchange for cash and at the same time, she holds 3.2% of the voting stock of Smith Metals Inc. Also, Joan's company, Steel Inc. wanted o hold the stocks for two years.</span>
Answer:
The correct answer for option (a) is $1.6 per share and for option (b) is decrease in cash and retained earning.
Explanation:
According to the scenario, the computation for the given data are as follows:
(a) We can calculate the amount that firm can pay in cash dividend by using following formula:
Amount to pay in cash dividend = $40,000 ÷ 25,000
= $1.6 per share
(b). If the cash dividend is $0.80 per share than the cash and retained earning can be calculated as follows:
Cash and retained earning = $0.80 × 25,000 = $20,000
As $20,000 is less than previous, than it will decrease the cash and retained earning.
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Answer:
D. obtaining a commitment from the customer.
Explanation:
Closing a sale is the equivalent of making a sale.
To consider a sale done, you need to have a commitment from the customer to buy the product/service you're offering. That usually mean receiving money or at least firming a binding contract.
None of the other options is describing a complete sale. A and C are potential leads/sales... while B if of course the opposite of closing a sale.
Answer: Sustainable Procurement.
Explanation:
Sustainable Procurement involves making purchase in such a way that makes it easy for the product bought to be reproduced for sale, as corporate social responsibility is considered when making purchase. Starbucks is making use of sustainable purchase in their transactions with the coffee farmers.
