Answer:
The correct answer is: change more quickly than ever before.
Explanation:
Changes appear in the world day by day faster. In the business field, the ability to adapt has become a <em>competitive advantage </em>for firms because the capacity they have to face different scenarios such as the implementation of <em>new technology, political stress </em>or <em>natural disasters</em> has gotten more importance. If companies want to survive these situations, they have to come up with a contingency plan.
Jan. 1, 2013:
Initial investment = (100 shares)*($30/share) = $3,000.
End of 2013:
Dividend collected = ($2/share)*(100 shares) = $200
End of 2014:
Dividend collected = ($3/share)*(100 shares) = $300
End of 2015:
Dividend collected = ($4/share)*(100 shares) = $400
Returns::
From sales of 100 shares = ($33/share)*(100 shares) = $3,300
From dividends = 200 + 300 + 400 = $900
Total returns = 3,300 + 900 = $4,200
Realized returns = Total returns - Initial inestment
= 4200 - 3000
= $1,200
Answer: $1,200
Answer:
Explanation:
Before preparing the retained earning statement, first we have to compute the closing balance of retained earning which is shown below:
The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid
= $7,900 + $13,500 - $7,000
= $14,400
The statement of retained earnings is presented in the spreadsheet. Kindly find the attachment below:
Answer:
The company has incorrectly credited the sales revenue account at the time of the receipt of payment. So, the journal entry to record the transaction is as follows:
Date Particulars Debit Credit
March 1, 20 Sales Revenue A/c $45,000
To Unearned Sales Revenue A/c $45,000
(To record Unearned sales revenue)
