A is correct, sales tax is the same for everybody in a state, no matter the income. Hope this helps!
Your answer is, Preferred.
<h3><u>
What is a Preferred Stock</u></h3>
Preferred stock is a component of share capital that may have any combination of features not possessed by common stock, including properties of both an equity and a debt instrument, and is generally considered a hybrid instrument.
<h3><u>
Impact of a Preferred Stock</u></h3>
Companies that offer preferred shares instead of issuing bonds can accomplish a lower debt-to-equity ratio. That allows them to gain significantly more future financing from new investors. A company's debt-to-equity ratio is one of the most common metrics used to analyze the financial stability of a business.
<h3><u>
The 5 types of Preferred Stock</u></h3>
Thus, <u>option c</u> is your answer.
Learn more about a Preferred Stock here: brainly.com/question/18068539
Answer:
The Journal entries are as follows:
(i) On March 1,
Prepaid insurance A/c Dr. $24,600
To cash A/c $24,600
(To record the purchase of insurance in advance)
(ii) On December 31,
Insurance expense A/c Dr. $20,500
To Prepaid insurance $20,500
(To record the insurance expense)
Workings:
Insurance expense:
= $2,050 × 10 months (From March 1 to December 31)
= $20,500
I believe the answer is: First-line manager
First-line managers refers to the manager that directly supervise the production process on site. First-line manager typically does not involved during the creation of long-term planning, but they would had the first-hand information regarding employees performance and the type of problems that exist with the clients.
Answer:
Oglivie Corp.'s assets (cash account) will increase be $230,000 and its equity (common stock account) will also increase by $230,000.
Every time a company issues stock and sells them, both its assets and equity have to increase in order to keep a balance in the balance sheet. Since Oglivie's stock are no-par, all of the money received should be included in the common stock account.
