Taxes or fees
hope this helps :3
Answer:
The journal entries are shown below:
Explanation:
Cash $149,040
Due from factor $11,592 ($165,600 × 3%)
Loss on sale of receivables $4,968 ($165,600 × 3%)
To Account receivable $165,600
(Being the factoring of account receivable is recorded)
Account receivable $165,600
To Due from factor $11,592 ($165,600 × 3%)
To Cash $149,040
To Gain on sale of receivables $4,968 ($165,600 × 3%)
(Being the factoring of account receivable is recorded)
Only these entries are passed
Answer:
Dividend paid = (5%× 10,000 × $10) = $5000.
Explanation:
<em>Preference shares entitles the holders to participate in a fixed dividend out of the profit made by the company. The divide is always a fixed percentage of the nominal value of the preference shares</em>
It can be cumulative and non-accumulate.
Cumulative <em>simply implies that should the company misses the payment of dividend in a particular year such unpaid dividend would be carried carried forward and paid in arrears in the following year/</em>
Non-cumulative i<em>s the exact opposite of the case . Here, unpaid dividends are not paid in arrears in fact such are forfeited for life.</em>
Dividend in Year 1
Dividend paid in Year 1 was $ 4000 but ought to be $5,000 (5%× 10,000 × $10). An arrear of $1000
Dividend in Year 2
Dividend paid = (5%× 10,000 × $10) = $5000.
Note that the unpaid dividend of $1,000 in year 1 is lost forever
To economist, the social cost of union depends primarily on the people. People do not start their lives with fully developed theories about systems of society where unions are formed to fight for socialism. This organize monopolies to break down competition.
