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Arte-miy333 [17]

3 years ago

6

You have $1200 to invest in a bank account with an interest rate of 4.5%, compounded monthly. After how many years will your acc

ount total pass $2100?(A) 12 (B) 13 (C) 14 (D) 15

1 answer:

solmaris [256]3 years ago

3 0

Answer:

13

Explanation:

After 13 months total amount will be $2126.64

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Flint Corporation issued 700 shares of no-par common stock for $7,800. Prepare Flint’s journal entry if (a) the stock has no sta

Masja [62]

Answer:Flint corporation journal $

Date

1. Bank account Dr 7800

Common stock Or. 7800

Narration. Issuance of 700 ordinary stock for $7800 .

2. Bank account Dr 7800

Common stock Cr. 1400

Share premium. 6400

Narration. Issuance of 700 ordinary at $7800 at a premium.

Explanation:

Shares can be issued at par, premium or discount. When it's issued at it's nominal value it's said to be issued at par, when it's issued above it's nominal value it's said to be issued at a premium and when it's issued below par it's said to issued at a discount.

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3 years ago

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Heap Company manufactures a product that passes through two processes: Fabrication and Assembly. The following information was o

My name is Ann [436]

Answer:

The preparation is shown below:

Explanation:

The preparation of the physical flow schedule is presented below:

Beginning work in process units 80,000 units

Units started in process 95,000 units

Total units to account for 175,000 units

Units accounted for:

Units completed and transferred out:

Started and completed 78,000 (95,000 units - 17,000 units)

Beginning work in process 80,000

Ending work in process units 17,000

Total units accounted for 175,000

6 0

3 years ago

Which of the following scenarios demonstrates the leverage effect on net operating income due to the existence of fixed costs?

morpeh [17]

Answer:

C) A 25% increase in sales resulting in a 30% increase in net operating income.

7 0

3 years ago

A merger where one company purchases another as a way to reduce competition, is an example of a type of market activity that gov

DIA [1.3K]

Answer:

B) antitrust laws

Explanation:

Antitrust laws refer to the laws with respect to the competition and it is established by the U.S government. The motive of this to secure the consumers from that business practices who are dealing in predatory and if this law does not exist then the consumers would not gain i.e from the competition arise in the market place

Therefore according to the given situation, when the government passes the law against so this reflect the antitrust laws

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3 years ago

Retained earnings: Multiple Choice Are never adjusted for anything other than net income or dividends. Represents the amount sha

kolbaska11 [484]

Answer:

Generally consists of a company's cumulative net income less any net losses and dividends declared since its inception

Explanation:

Retained earning is the balance of a company's profit that is retained after the distribution of dividend declared to it's shareholders.

A company that makes profit at the end of a reporting period usually make dividend declaration to its shareholder. The accumulation of these declarations are then taken out of the profit earned by the company. The balance when dividends declared(since it's inception) by the company is taken out from its profit, including any net losses is known as retained earning.

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3 years ago