Answer:
1 Total premium % paid by Employees Premium paid by employees Premium paid by employer Employee medical insurance payable 7500 40% 3000 4500 Employee life insurance payable 4500
Explanation:
Answer:
Option (C) is correct.
Explanation:
Negative Indirect.
This is due to the indirect affect of tax on the purchase of new vehicle because a new tax on gasoline reduces the consumers incentive to the buy the new vehicles. Therefore, it is a negative indirect incentive.
Also, there is a fall in the number of cars or vehicles purchased because of the tax imposed on the gasoline.
Answer:
C. Including restrictive covenants in the company's bond indenture (which is the contract between the company and its bondholders).
Explanation:
One of the major actions that would most likely reduce potential conflicts between stockholders and bondholder is the Inclusion of restrictive covenants in the company's bond indenture (which is the contract between the company and its bondholders).
Restrictive covenants are Bond covenants that are designed to protect the interests of both parties by forbiding the issuer from undertaking certain activities that are detrimental to the holders of the bond.
Restrictive covenants manages the agency problem between stockholders and bondholder.
Answer:
the firm pay 39 millions dividends to his shareholders during the year.
Explanation:
The retained earnings identity is as follow:
beginning RE + net income - dividends = ending RE
we plug our values into the formula:
970 + 30 - dividends = 961
we clear dividends:
970 + 30 - 961 = dividends
And solve:
dividends = 39
<u>Notes:</u>
For every account, we always have this similar identity:
a beginning balance
a type of transaction that increase their balance
another kind of transaction which decreased
and a final balance which is the net of the previous.
beginning + increase - decrease = ending
Always try to identify how each transaction impact the account and from there, setup the equation.
Cash will be debited and sales will be credited by $6,120 and cost of good sold with be debited and inventory will be credited by $3,540.
A journal entry is the act of maintaining or producing records of any economic or the non-economic transaction. An accounting journal, which shows a company's debit and credit balances, records transactions. The journal entry may have many records, each of which is either a debit or a credit.
The journal entry to record days cash sales would be as given below:
Cash (Dr) $6,120
To sales $6120
(Being cash sales of $6,120)
Cost of good sold (Dr) $3,540
To inventory $3,540.
(Being cost of cost of good sold)
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