Based on the ending balance on salaries payable in 2019, and the salaries expense, the salaries payable at December 2018 must have been $30 MILLION.
<h3>What was the Salaries payable balance?</h3>
This can be found by the formula:
= Ending salaries in 2019 - Salaries expense in 2019 + Salaries paid in 2019
Solving gives:
= 20 million - 90 million + 100 million
= $30 million
In conclusion, the ending salaries payable in 2018 was $30 million.
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Owners of <u>Preferred stock</u> are granted preference to corporate assets in case of liquidation.
The process by which a business's assets are liquidated and the corporation is closed or deregistered is referred to as "liquidation," sometimes known as "winding up." Knowledge liquidation requires an understanding of the word "insolvent." If a business can pay its obligations when they are due, it is solvent; if it can't, it is insolvent.
A form of stock known as preferred stock is given certain privileges that set it apart from common stock. Additionally, preferred stock sometimes has a better claim to assets in the case of bankruptcy and bigger dividend payments.
Stock is a term that refers to equity or ownership in a company. There are two forms of equity: ordinary stock and preferred stock. Preferred investors have a higher right to dividends or asset distribution than regular stockholders have.
Preferred stock is often purchased by individual investors via online stockbrokers, who provide a variety of forms. The majority of preferred securities are perpetually invested.
Institutions are often the ones who purchase preferred shares the most frequently.
Both common stock and preferred stock are equity vehicles, but there are some significant distinctions between the two to obtain a preferred amount of money.
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Answer: Crea una LLC o Corporación. ...
Registre su nombre comercial. ...
Solicite un número de identificación fiscal federal. ...
Determine si necesita un número de identificación fiscal estatal. ...
Obtenga permisos y licencias comerciales. ...
Proteja su negocio con un seguro. ...
Abra una cuenta bancaria comercial.
Explanation:
Answer:
QD=600-40P
Explanation:
The old equation for the demand for pizza is Qd = 300 - 20P
Now because of an increase in the price of a substitute the demand for pizza doubles, in order to find the new equation will multiply the old equation by 2 because the demand has doubled.
300*2=600
20P*2=40P
New equation = 600-40P
We can check whether our new equation is correct or not.
If we assume the price of pizza to be 10 and then put 10 in both the equations the quantity from equation 2 should be double that of equation 1.
Equation 1= 300-(20*10)
=300-200=100
Equation 2 = 600-(40*10)
=600-400=200
AS we can see the quantity doubled on the same price which means our equation is correct.
Answer:
D
Explanation:
Repairs shouldn’t be recorded to the equipment (asset) account but should be recorded as an expense instead.