Answer:
The appropriate journal entry to record the March purchases of shares under the employee share purchase plan are as follows:
Debit: Cash ($12 × 85%) × $50,000 = $510,000
Debit: Compensation Expense ($12 × 8%) × $50,000 = $90,000
Credit: Common Stock = $50,000
Paid in Capital – Excess of Par ($50,000 × $11) = $550,000
Answer:
The options are not properly aligned.Find the same question with proper alignment in the attached.
A winning strategy fits the company's internal and external situation, builds sustainable competitive advantage, and improves company performance.
Explanation:
For a strategy to be tagged a winning one,it must carefully take into the consideration the internal and external environments that the business operates in,such that internal strengths and weaknesses can be discovered as well as external opportunities and threats.
In addition, it must also consider the capabilities ans skills peculiar to the business that are difficult to imitate by others, in essence competitive advantage.
Above all, the strategy must positively impact the bottom-line,in that the business records positive strong performances period after period.
Answer:
$250 ( C )
Explanation:
using the given data below is the entry
The adjusting entry to recognize bad debts will include a debit to bad debt expense for
<h3>
particulars amount</h3>
Beginning accounts receivable 14000
+ Credit sales made during the year 172000
(-) collections from debtors (170000)
(-) expected salary return & allowances for credit sales (2000)
Ending accounts receivable 14000
Percentage of bad debt 1.5%
Total bad debts balance required ( 14000*1.5%) 210
+ Already debit balance in allowance for doubtful account 40
Total debit to be made in bad debts 250
Total debts = total bad debts balance required + already debit balance in all
= 210 + 40 = $250
Answer:
True
Explanation:
A public limited company can pay cash dividends to its shareholders for their contribution to the company. Therefore, the statement "West Company paid cash for dividend" is correct.
No other form of organization cannot pay dividends. They can pay a share of profit or extra benefits. Only in the corporation, especially in public limited, shareholders are given a cash dividend by its management body.
