Answer:
$85,000
Explanation:
If there are any dividends declared in a company having preference capital, then firstly dividend will be paid to preference capital at the rate specified as that is the minimum rate.
Here preference capital = $10
30,000 = $300,000
Dividend = 5% = $15,000
Total dividend for the year = $100,000
Equity Dividend = Total - Preference
= $100,000 - $15,000
= $85,000
It is not in the option, therefore all options are incorrect.
Answer:
$208,000
Explanation:
Calculation for Dartford Company residual income
Using this formula
Residual income=Investment center income -(Target income percentage of average invested assets ×Average investment center total assets)
Let plug in the formula
Residual income =$700,000-(12%×$4,100,000)
Residual income =$700,000 - $492,000
Residual income =$208,000
Therefore The residual income for the division is: $208,000
Answer:
The answer is B
Explanation:
A comparative financial statement compares places two or more years financial statement together in order to compare.
It is always referred to as horizontal analysis because it is the same company and we are only comparing the previous years and the current year result which are placed side by side. Hence, the reason why it is called horizontal analysis.
In recent years Walmart had participated in “lock-ins”, (Walmart also owns sam’s club). Lock-ins lock in employees over night to stock shelves and clean. The doors can only be opened during a fire or when the manager unlocks the door. An employee got injured and couldn’t leave due to fear of losing their job. This is why they refer to Walmart as a monopoly. The government has labor laws in place to prevent poor work conditions like this.
Answer and Explanation:
The Journal entries are shown below:-
1. Anthony Trucking Dr, $19,000
To Sales A/c $19,000
(Being the sales made is recorded)
2. Bank Dr, $5,000
To Anthony Trucking $5,000
(Being cash received is recorded)
3. Wrote off A/c Dr, $14,000
To Anthony Trucking $14,000
(Being Account receivable write off the balance is recorded)
4. Bank Dr, $14,000
To Wrote off $14,000
(Being cash received is recorded)
2. High Performance 's direct write-off approach would face drawbacks because it breaches the matching principle. The matching theory involves be matching the spending of uncollectible accounts with the relevant revenues. Here uncollectible amount is treated as a bad debt expense. The written off amount is treated as uncollectible amount by the customer