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3 years ago

WHOEVER ANSWERS THIS IN 2 MINS GETS BRAINLIEST!!

Business

1 answer:

Travka [436]3 years ago

4 0

Answer:

I answered this in your other question However... Different countries have different advertising/promotional laws. Plus you have no target market if you're creating a promotional message to use for all countries. Also, assuming if your promotional message inspired, say a person in Africa, a person in Russia, a person in China, and a person in Japan bought a product from your promotion, you would have to ship to all of those countries with extreme shipping rates.

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Presented below are selected account balances for Homer Winslow Co as of December 31, 2014.

Ronch [10]

Answer:

Sales Revenue 410,000 debit

Income Summary 410,000 credit

--to close revenues accounts--

Income Summary 95,000 debit

Administrative Expenses 38,000 credit

Income Tax Expense 30,000 credit

Sales Returns and Allowances 12,000 credit

Sales Discounts 15,000 credit

--to close expenses and other--

Income Summary 18,000 debit

Dividends 18,000 credit

--to close dividends--

Income summary 297,000 debit

Retained Earnings 297,000 credit

--to close the income summary against RE--

Explanation:

We have to close against income summary he temporary accounts:

To close this accounts we need to post them in their opposite side of the normal balance. Revenues will be debited while expenses credited.

At last, we solve for the income summary balance and close it against retained earnings

410,000 - 95,000 - 18,000 = 297,000

4 0

3 years ago

"Forcing insureds to sue the insurer to collect on a claim by offering substantially less than the amount eventually recovered i

Anuta_ua [19.1K]

Answer:

Unfair Claims Settlement Practices Act

Explanation:

Here fundamentally, the act which will be acted on the given sentence is generally known as Unfair Claims Settlement Practices Act. Unfair claims practice is the inappropriate restraint of a request by an insurer or an endeavor to diminish the intensity of the claim. By interlacing in unfair claims practices, an insurer strives to diminish its values. Nevertheless, this is unlawful in various jurisdictions. Additionally, most maximum states possess formulated a version of this type of rule. Denominated essentially the Unfair Claims Settlement Practices Act, it defends safeguard consumers from the unfair manner by insurers in the appeals settlement method.

6 0

3 years ago

On June 30, Sharper Corporation’s stockholders' equity section of its balance sheet appears as follows before any stock dividend

muminat

Answer:

Find below the equity section of the balance sheet

Number of shares outstanding is now 105,000

Explanation:

The equity section of the balance is an excerpt of the entire balance sheet containing the worth of equity stockholders' investment in the business which comprises of the common stock,paid in capital in excess of par as well as the retained earnings.

Equity section of Sharper Corporation balance sheet :

Common stock-$10 par value,120,000 authorized,105,000 issued and outstanding ($700,000+$350,000) $1,050,000

Paid in capital in excess of par $300,000

Retained earnings ($710,000-$350,000) $360,000

Total stockholders' equity $1,710,000

The stock dividend of 50% means that 35,000 more shares(50%*70,000 shares are given to shareholders for free,funded by retained earnings by debiting retained earnings with $350,000 (35,000*$10) and crediting same to common stock

total number of shares outstanding=70,000+35000=105000

5 0

2 years ago

M. Bot Corporation has 10,000 shares of 8%, $100 par value, cumulative preferred stock outstanding at December 31, 2022. No divi

Andru [333]

Answer:

$135000

Explanation:

Given: Outstanding cumulative preferred stock of 10000 shares of 8% at $100

Dividend paid= $375000.

Now, calculating preferred stock.

Preferred stock= $(10000 shares\times $100\times 8\%)= \$ 80000$

∴ Preferred stock= $80000

Cumulative dividend paid to shareholder= $(80000\times 2 + 80000) = \$ 240000.$

∴ Cumulative dividend paid to shareholder= $240000

Next, computing the amount of dividends will common stockholder receive.

Total dividend paid= $375000.

Dividend received by common stockholder= $(\textrm {Total dividend paid - cumulative dividend paid})$

⇒ Dividend received by common stockholder= $(375000-240000)= \$ 135000$

∴ $135000 dividend will be received by common stockholder.

7 0

3 years ago

Winter Company earned revenues of $150,000 in cash and $200,000 on account during 2018. Of the $200,000 on account, $63,000

ICE Princess25 [194]

Answer:

$235,000

Explanation:

Under the accrual accounting system, expenses are recognized in the period incurred and not necessarily in the period cash is paid.

Revenue is also recognized in the period earned and not necessarily when cash is collected.

Total revenue in 2018 = $200,000 + $150,000

= $350,000

Net income is the difference between the revenue and expense

Net income in 2018 = $350,000 - $115,000

= $235,000

8 0

3 years ago