Answer:
e. Debit Retained earning $49,280 Credit Common stock dividend distributable $35,200
Credit Paid in capital in excess of par value(Common stock) $14,080
Explanation:
The journal entry is as follows:
Retained earnings (3,520 shares × $14)
Dr $49,280
_______ Common stock dividend distributable (3,520 shares × $10)
Cr $35,200
_______ Paid in capital in excess of par value ($49,280 - $35,200)
Cr $14,080
If a company spent that much on internet advertising and increased it by 17%, the new amount spent would be $12.87 million.
<h3>How much did the company spend on advertising?</h3>
The amount spent can be calculated as:
= Amount x ( 1 + increase in advertising)
Solving gives:
= 11 million x ( 1 + 17%)
= 11 x 1.17
= $12.87 million
Find out more on advertising expenses at brainly.com/question/24967768.
Rent
car payment
insurance
property taxes
salaries
utilities
equipped rental
Answer:
True
Explanation:
Total debt to total capital ratio, also known as D/C ratio is a ratio that measures a company's capital structure, financial solvency, and degree of leverage, at a particular point in time.
While the Times Interest Earned (TIE) is a ratio which measures the ability of an organization to pay its debt obligations.
So A company with high debt-to-capital ratios, compared to a general or industry average, may show weak financial strength and hence would have a lower ability to pay its debt obligations one which the TIE ratio measures.
