Answer:
One of the benefits of using good human relations is that it will help you with your social skills and you will adjust better to different situations.
Explanation:
You can be good at social situations.
Answer:
Given that,
Amount of money lend to employees on March 1, 2021 = $16,000
Rate of interest = 12 percent
Interest amount and principal to be paid on February 28, 2022.
Interest is accrued on December 31,
Time period = From March 1, 2021 to December 31, 2021
= 10 months
Accrued Interest amount = Principal amount × Interest rate × Time period
= $16,000 × 0.12 × (10 ÷ 12)
= $1,600
Therefore, the adjusting journal entry is as follows:
Interest receivable A/c Dr. $1,600
To interest income $1,600
(To record the interest on amount given to employees is accrued and adjusted)
Answer:
Debit Advertising expense $916.67
Credit Prepaid Advertising $916.67
Being entries to recognize advertising expense incurred for 5 months.
Explanation:
When an amount is paid in advance, the entries posted are
Debit Prepaid Advertising
Credit Cash account (with the amount prepaid)
As the expense is incurred, entries required would be
Debit Advertising expense
Credit Prepaid Advertising (with the amount incurred)
Expense incurred in 5 months
= 5/6 × $1100
= $916.67
Hence the entries required will be
Debit Advertising expense $916.67
Credit Prepaid Advertising $916.67
Being entries to recognize advertising expense incurred for 5 months.
Answer:
1. Net cash provided by operating activities for the year = $130
2. Ending cash balance = $85
Explanation:
Note: This question is not complete. A complete question is therefore provided before answering the question. See the attached pdf file for the complete question.
The explanation to the answer is now provided as follows:
1. Use the indirect method to determine the net cash provided by operating activities for the year.
Note: See the part 1 of the attached excel file for the calculation of the net cash provided by operating activities for the year.
Note: See the part 1 of the attached excel file for the calculation of the net cash provided by operating activities for the year.
Cash flows from operating activities refers to the section of the cash flow statement that shows the cash generated and provided by the ongoing regular business activities of a company in a particular period. Cash flows from operating activities normally comprise of net income from the income statement, adjustments to net income as well as changes in working capital.
2. Prepare a statement of cash flows for the year.
Note: See the part 1 of the attached excel file for the statement of cash flows for the year.
Statement of cash flow refers to the financial statement that presents the effect of changes in balance sheet accounts and income on cash and cash equivalents by breaking it down to operating, investing, and financing activities.
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Answer:
$6.25
Explanation:
Use the dividend discount model the Gordon growth model
given
expected dividend per share = $0.50
growth rate =7%
Required rate o return = 15%
P = D1/r-g
=0.50/0.15-0.07
=$6.25
