Answer:
<u>Journal Entry :</u>
Bank $100,000 (debit)
Note Payable : Acme Bank (credit)
Explanation:
In Oriole Company Ltd books the following entries must be made :
The assets of cash should be increase (debit) at the same time, the liabilities arising on the Note Payable must also increase (credit).
Answer and Explanation:
The mobile market is the most important way to of communication and it requires everyone in todays environment. this motivates the suppliers to use that as its base in order to re build another phone that is required by the market.
Answer:
The Price-earnings ratio is 14.88 (to two decimal places)
Explanation:
The Price-earnings ratio (P/E ratio) is a measure of the relationship between a company's stock price and its earning per share of issued stock. Mathematically, P/E ratio is calculated by dividing a company's current stock price by its earnings per share:
P/E ratio = current stock price ÷ earnings per share
current stock price = $59 per share
Earning per share = ???
Next we are going to calculate the earnings per share (EPS) by using the following formula:
EPS = (net income - dividend paid) ÷ (number of shares outstanding)
EPS = (275,132 - 48,300) ÷ (57,200)
EPS = 3.966
∴ P/E ratio = current stock price ÷ Earning per share (EPS)
P/E ratio = 59 ÷ 3.966 = 14.876 = 14.88 (to two decimal places)
The answer is A, is designed to help those who are financially dependent on you in the event of your death.
Answer:
$2891
Explanation:
If chine reduces his federal income deductions from 12% to 11%, the new federal income tax will be as below.
11% of $3500
= 11/100 x 3500
=0.11 x 3500
=$385.
Total deductions after this change will be
=$385 + $95 + $89 + $40
=$609
Net pay
=$3500- $609
=$2,891
