Answer:
1. Purchased $11,000 of supplies on account.
Dr Supplies 11,000
Cr Accounts payable 11,000
2. Earned and collected $28,000 of cash revenue.
Dr Cash 28,000
Cr Sales revenue 28,000
3. Paid $9,500 cash on accounts payable.
Dr Accounts payable 9,500
Cr Cash 9,500
4. Adjusted the records to reflect the use of supplies. A physical count indicated that $2,600 of supplies was still on hand on December 31, Year 2.
Dr Supplies expense 8,400
Cr Supplies 8,400
Answer: 15%
Explanation:
From the question, we are informed that Carrie and Michael are married and will file a joint return and that they have a $5,000 long-term capital gain from the sale of stock. We are further told that their 2019 taxable income is $121,500.
Based on the above scenario, their capital gain will be taxed at a rate of 15%. This is due to the fact that when filing their status, they will be regarded as married and the applicable rate is 15% for an income that is between $78,751 and $488,850. Since they've $121,500 their rate will be 15%.
Answer:
c. Exporting
Explanation:
Exporting strategy -
It offers the prospective of new markets , better profit , more sales and wider spread of customers .
The strategy can even make the person successful .
The strategy of export is based on the assessment of the position and the research into a promising opportunities .
Hence , from the options given , the most appropriate is the Exporting .
Answer:
8%
Explanation:
This is calculated by using the Gordon growth model (GGM) formula which has the assumption that
dividend growth rate will be stable year after year forever. The formula is as follows:
P = d/(r – g) ……………………………………… (1)
Where;
P = current share price = $24.38
d = next year dividend = 0.56*1.06 = 0.5936
r = required return = ?
g = dividend constant growth forever = 6%, or 0.06
Substituting the values into equation and solve for r, we have:
24.38 = 0.5936/(r – 0.06)
24.38(r – 0.06) = 0.5936
24.38r – 1.4628 = 0.5936
24.38r = 0.5936 + 1.4628
r = 2.0564/24.38
r = 0.08, or 8%
Therefore, the required return on SONC is 8%.
Answer:
The difference between micro and macro is that the macro is the study of the economy of a country, where inflation, employment, investments and GDP are analyzed.
Microeconomics is the study of the economy between people or between social groups, where the analysis of demand and supply is characterized
Explanation: