Answer:
The company must not make any adjustment entries in year x3 since the FOB means "Free on board" and at the moment the buyer delivers the goods at the port of shipment, at that time the risks of loss or damage of merchandise are transferred to the buyer from the seller
When this happens, the sale is made since the seller no longer owns the merchandise.
n this case, the seller does not own the merchandise since December 28 and has already made the corresponding records. so he should not make any adjustments.
Based on what you have a degree on, where the company/business is, would you be happy with the amount of money you got, and would you be ok with what you're doing.
Answer:
If a statute is silent on this point, enforcement depends on whether it is a(n) REGULATORY statute or a revenue-raising statute.
Explanation:
Regulatory statutes regulate practitioners, e.g. doctors, constructors, real estate brokers, dentists, etc., and its main purpose is to protect the general public. This statues are state laws meant to regulate certain professions that may be considered sensitive or hazardous. E.g. a person that pretends to be a doctor can severely injure a patient or even kill him/her. A person that pretends to be a real estate broker can be committing fraud against his/her clients.
<u>Solution and Explanation:</u>
<u>Given data:</u>
the market price of share = $80, the par value of share = $75, floatation cost = $3.5, corporate tax = 21 %
The Annual dividend = 75 multiply with 16 percent = $12
Hence, the cost of preferred stock = Annual dividend divide by (Current price-Flotation cost)
= 12 / (80-3.5)
after solving, we get, which is equal to
= 15.69% (Approx) (rounded off to 2 decimal places)
NOTE: The Tax rate would not affect the cost of preferred stock financing.
Answer:
D. through knowledge of procurement procedures