Date of Declaration:
Dr: Retained Earnings 22,850,000
Cr: Common Stock Dividend Distributable 350,000
Cr: Paid-in Capital in Excess of Par-Common 22,500,000
500,000*45 = 22,500,000
22,500,000+350,000=22,850,000
Date of Distribution:
(70%*500,000) = 350,000
Dr: Common Stock Dividend Distributable 350,000
Cr: Common Stock 350,000
<span>Mobile marketing has many forms, one of which is reward-based. In this example, the promotion is that if the customer download the app, they receive an instant coupon. This is beneficial to the customer as they are likely in the store at the time, encourages them to make a purchase because they are receiving a deal. After the sale and the customer leaves the store, the app is still loaded on the customer's phone as a constant reminder of the brand.</span>
Answer:
Debit Depreciation Expense, $525;
Credit Accumulated Depreciation, $525.
Explanation:
Based on the information given in a situation where the financial statements are to be prepared on December 31, which means that the company should make the following adjusting entry:
Debit Depreciation Expense, $525
Credit Accumulated Depreciation, $525
Calculated as:
Debit depreciation expense $6,300/12
Debit depreciation expense=$525
Answer:
(a) 3.9 units/hour; 3.5 units/hour
(b) 11.43%
Explanation:
(a) Current period productivity:
= Current output ÷ Current labor hours
= 156 units ÷ 40 hours
= 3.9 units per hour
Previous week's productivity:
= Previous week's output ÷ Previous week's labor hours
= 105 units ÷ 30 hours
= 3.5 units per hour
(b) Percentage change in worker's productivity:
= (Change in productivity ÷ Previous week's productivity) × 100
= [(3.9 - 3.5) ÷ 3.5] × 100
= 11.43%
Therefore, the worker's productivity increases by 11.43%.
The best economic system for consumers is market economy, this is because consumers are part of the forces that determines how the market operates.
Market economy is control by the force of demand and supply; what is demanded in the market is what the manufacturers will supply. In a market economy, there are many suppliers and consumers can buy from any one of them, if one of the suppliers increases his own price, consumers can easily go somewhere else to purchase at lower price. Thus, market economy is favorable to the consumers.<span />