Answer:
Early settlement Discount: It is offered to customer to encourage them to pay earlier than the payment date.
Bulk Discount: If the customer buys over a certain quantity, he will get a discount.
Answer:
A) $0.40
Explanation:
Stock split implies that a single share is divided into multiples which means that 4:1 stock split means that after the stock a single share prior to the stock split is divided into 4.
Total dividend per share expected next year=$6.40
Now that a single share now commands 4
Revised dividend per share expected next year=$6.40*1/4=$1.60(annual dividend)
quarterly revised per share dividend expected in the coming year=$1.60/4=$0.40
Answer:
Option C.
1. No
2. No
Explanation:
The rights are unissued common stock yet hence no double entry would be passed. The double entry will only be passed when the rights are exercised.
The double entry when the rights are exercised would be:
Dr Bank A/c XX
Cr Common stock XX
Cr Additional paid-in capital XX
Answer:
The correct answer is b) organizing.
Explanation:
The organization of a company (business organization) is an administrative function that includes the organization, structuring and integration of the organic units and the resources (material, financial, human and technological) of a company, as well as the establishment of its attributions and relations between these.
The organization is the second administrative function after planning and before management and control. This allows for a better allocation and more efficient use of the company's resources necessary to carry out the activities and tasks necessary in turn to develop and apply the strategies and achieve the objectives established in the planning; but it also allows a better coordination between the different organic units of the company, and a better control of the personnel's performance as well as the results.
TRUE, an accounting firm collected cash on account. as a result of this transaction, total assets, liabilities, and equity are all unchanged.
A legal entity is a for-profit business organization that provides professional services, such as a corporation, limited liability company (LLC), or partnership.
A firm can be a company. B. A consumer goods store that offers physical products. It can also represent a service provider such as a hairdresser. The term company can refer to any for-profit business, but it is often used to describe businesses in specific industries such as law or accounting.
Companies are all kinds of businesses. Examples of companies include sole proprietorships, partnerships, limited liability companies, and corporations. The term is more commonly associated with partnerships.
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