A. right to engage in polygamy.
i hope this helps
Answer: A bank complies with the necessary permits to manage the resources of its clients.
Explanation: Banks must have a minimum level of liquidity to answer for the money they keep and for that security is that the rates paid are lower. As for a vehicle loan or corporate loans, they maintain the necessary terms and conditions so that the client can pay the fair interest and the documents are formal compared to the companies that grant loans without backing.
Answer:
The retained earning would be debited by ($60,000)
Explanation:
According to the given data we have the following:
Number of shares outstanding=60,000
par value of $5 per share
stock dividend declared=cc
Therefore, to calculate the amount either (debited) or credited to retained earnings we would have to make the followin calculation:
Dividend value=Number of shares outstanding×par value of $5 per share×stock dividend declared
Dividend value=60,000×$5×20%
Dividend value=($60,000)
Therefore, as the dividend paid reduces retained earnings, the retained earning would be debited by ($60,000)
Answer:
The operating profit for this year amounts to $ 550,000
Explanation:
Operating Profit is computed below as:
Operating Profit = Revenue - Expense (Fixed Cost + Variable Cost)
= $1,950,000 - ($200,000 + $1,200,000)
= $1,950,000 - $1,400,000
= $550,000
Revenue = Number of frozen dinners × Selling Price
= 150,000 × $13
= $1,950,000
Variable Cost = Number of frozen dinners × Cost per frozen dinner
= 150,000 × $8
= $1,200,000
