Charged if the account balance goes over the credit limit is called

planning is conducted at the highest levels of management and deals with products, capital, research, and the long- and short-te

Alborosie

Strategic planning is conducted at the highest levels of management and deals with products, capital, research, and the long- and short-term goals of a company.

A corporation, abbreviated as co., is a legal entity representing an association of persons, whether entity, legal or a mixture of the two, with a particular objective. The members of the company share a common goal and together achieve the stated specific goals.

A society may be established as an agency that gives society limited liability when its members perform or fail to perform their obligations under a publicly disclosed constitution or policy. to be announced. When a business closes, it may need to be liquidated to avoid other legal obligations.

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8 0

1 year ago

Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power Drive has 100,000 shares of common

monitta

Answer:

See the journal entries below.

Explanation:

Each of these transactions can be recorded in the journal as follows:

Date Particulars Debit ($) Credit ($)

Mar 1 Cash (50,000 * $47) 2,350,000

Common stock 50,000

Additional Paid-in Capital 2,300,000

(To record Issue of 50,000 additional shares for $47 per share.)

May 10 Treasury stock (4,500 * $50) 225,000

Cash 225,000

(To record Purchase of 4,500 shares of treasury stock)

Jun 1 Dividend (w.1) 181,875

Dividend payable 181,875

(Record dividend declared.)

Jul 1 Dividend payable 181,875

Cash 181,875

(Record dividend paid.)

Oct 21 Cash (2,250 * $55) 123,750

Treasury stock (2,250 * $50) 112,500

Additional Paid-in Capital 11,250

(To record resale of shares of treasury stock.)

Working:

w.1. Dividend = Dividend per share * (Shares of common stock outstanding as of the beginning of 2018 + Additional shares issued on March 1 - Shares of treasury stock purchased on May 10) = $1.25 * (100,000 + 50,000 - 4,500) = $181,875

4 0

3 years ago

Anne Lockwood, manager of Oaks Mall Jewelry, wants to sell on credit, giving customers 3 months to pay. However, Anne will have

Alja [10]

Answer:

15.18%

Explanation:

Calculation for the nominal annual rate

First step is to find EFF% using this formula

EFF%=[1+(Nominal rate percentage/Numbers of months in a year )]^Numbers of months in a year

Let plug in the formula

EFF%=[1+(15%/12)^12

EFF%=(1+0.0125)^12

EFF%=(1.0125)^12

EFF%=1.1608×100%

EFF%=116.08%

Second step is to find Rnom compounding quarterly of 116.08% using this formula

Rnom compounding quarterly = (1+(R/4)^4

Let plug in the formula

Rnom compounding quarterly= (116.08%)^(1/4) Rnom compounding quarterly= 1+ R/4

Hence,

Rnom compounding quarterly = 15.18%

Therefore Anne Lockwood should quote her customers with Rnom compounding quarterly of 15.18%

6 0

3 years ago

Bramble Corp. reported the following information for 2016: October November December Budgeted sales $1250000 $1150000 $1450000 A

Stolb23 [73]

Answer:

b. $1200000

Explanation:

Calculation for How much cash will Bramble receive in November

Using this formula

Cash receive in November = October Budgeted sales + Budgeted sales of November

Let plug in the formula

Cash receive in November= ($1,250,000 × 50%) + $1,150,000 × 50%)

Cash receive in November= $625,000 + $575,000

Cash receive in November= $1,200,000

Therefore the amount that Bramble receive in November will be $1,200,000

3 0

3 years ago

This is to inform you that I will be leaving work early today.

worty [1.4K]

wow thanks for sharing

5 0

3 years ago