'Paid Product Placement' or 'Paid Advertising'
Answer:
The correct answer is (B) Income Summary
Explanation:
The income summary is a procedure that allows us to glimpse, globally, all the entries that existed in a period. It provides very valuable generalized information, which lets you know how business, work or some investment is going.
To ensure that our results are accurate, we must close all income and expense accounts, and take stock to obtain our conclusions. If the results have not been favorable, we must make the necessary adjustments so that in the next income summary we can obtain better results.
Answer:
(a) $5.87 per share
; $1.585 per share
(b) $110,700
Explanation:
(a) Earnings per share:
= (Operating profit - Interest expense - tax - preferred dividends) ÷ common stock outstanding
= ($282,000 - $39,200 - $61,700 - $29,500) ÷ 25,800
= $151,600 ÷ 25,800
= $5.87 per share
Common dividends per share for elite trailer parks:
= Dividend paid ÷ common stock outstanding
= $40,900 ÷ 25,800
= $1.585 per share
(b) The increase in retained earnings for the year:
= $151,600 - common dividend paid
= $151,600 - $40,900
= $110,700
Answer:
Wix
Explanation:
I once made a website for free on Wix. However, the url was long and was the email that I used. If you do use wix, create an email with what you want your email to be. I hope this helps you out.
Ending capital for the month = The month's beginning capital + Additional capital inflow for the month - additional capital outflow for the month
For example: if had $500 at the beginning of a month, you got a dividend of $100 during the month and also spend $50 on entertainment during the month, the ending capital would be 500 + 100 -50 = $550
