O think is c, but I think I’m not sure
Answer: Majority
Explanation: The decision-making based on the majority rule is defined as more than half of the total votes gained party .The casted votes are counter and the party receiving more than half of the votes wins in any committee, democratic sessions etc.
The situation mentioned in the question consist of a particular committee which need to decide about a certain topic.So, they choose to decide solution on the basis of votes.The solution that has five or more votes as majority will win and will be considered for the club matter.
The May transactions for Charlie Company (seller) assuming that Charlie uses a perpetual inventory system are:
Charlie Company Journal entries
May 13
Debit Account receivable $360
(8×$45)
Credit Sales $360
(To record credit sales)
May 13
Debit Cost of goods sold $208
(8×$26)
Credit Merchandise inventory $208
(To record cost of goods sold)
May 16
Debit Sales return and allowances $45
Credit Account receivable $45
(To record goods returned)
May 16
Debit Merchandise inventory $26
Credit Cost of goods sold $26
(To record cost of goods sold returned)
May 23
Debit Cash $302
($315-$13)
Debit Sales discount $13
(4%×$315)
Credit Account receivable $315
($360-$45)
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Answer:
B) A credit to common stock for $ 140,000
Explanation:
Journal Entry will include:
Date Journal Entry Debit Credit
Cash/Bank A/C $182,000
(14,000 shares*$13)
To Common capital A/C $140,000
To Contributed capital in excess $42,000
of par value A/C
Answer:
Consider the following calculations
Explanation:
EBIT - Interest + Dividend Income ( 1 - 0.7) = EBT
$ 14.000.000 - $ 1.750.000 + $ 1.000.000 * 0.3 = $ 12.550.000
Base taxes for $ 10000000 = $ 3400000
( $ 12550000 - $ 10000000 ) *0.35 = $ 892500
$ 3400000 + $ 892500 = $ 4292500 in total taxes due
