Answer:
Expenses
Explanation:
An expense is the cost of an asset used in order to <em>generate revenue, therefore, to create sales (the central operation of a company)</em>. This cost is not a monetary measure because an expense is when an asset is used up.
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Answer:
$492
Explanation:
The computation of the total salary for the month is shown below:
= Base salary of a sales women + commission amount
where,
Base salary of a sales women = $420
And, the commission amount is
= ($8,200 - $7,000) × 6%
= $72
So, the total salary for the month is
= $420 + $72
= $492
Basically we added the base salary and the commission amount for computing the total salary
It seems that you have missed the necessary options for us to answer this question, but anyway, the answer is TRUE. It is true that generally, cash basis taxpayers must account for payments of prepaid interest using the accrual method. Accrual basis taxpayers<span> recognize income when it is earned, regardless of when it is received. Hope this helps.</span>
Answer:
<em>limited liability for investors
</em>
Explanation:
Limited liability is a form of legal framework for an entity in which the amount of money invested in a corporation or limited liability company will not surpass a corporate loss.
In certain phrases, private assets of investors and shareholders are not at risk if the business fails.
Answer:
Find attached complete question:
common stock dividends is $38,960
preferred stock dividends is $5,040
Explanation:
Going by the complete question,preferred stock dividends is computed thus:
preferred stock dividends=number of shares*par value*dividend rate
number of shares is 7000 (issued and outstanding)
par value of share is $12
dividend rate is 6%
preferred stock dividend=7000*$12*6%=$5040
The preferred stockholders would receive $5040 dividends while the remainder of dividends goes to common stockholders as shown below
Total dividends $44,000
preferred stock dividends ($5040)
common stock dividends $38,960