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dsp73
3 years ago
10

Select the correct answer.

Business
1 answer:
Anna71 [15]3 years ago
8 0

The correct answer is Choice B.

When a business makes a sale and expects to be paid in the near future it should be recorded as an Account Receivable. In this case the company will have a debit entry to Accounts Receivable and a credit entry to Service Revenue.

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Suppose that GDP is $50 million in 2015 but falls to $48 million in 2016, and that no changes in personal consumption expenditur
Minchanka [31]

<u>Solution and Explanation:</u>

GDP is calculated as follows:

Y = C + G + I + NX

where

C = Consumption

G = Government Expenditure

I = Investment

NX = Net Exports

It is mentioned that in 2015, GDP was 50 million and in 2016, it was 48 million without any change in the factors except NX. It means the net exports that is the difference between export and the import of the country has changed and it has fallen by 2 million.

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2 years ago
At the beginning of this month, the balance of clayton's checking account was $337.55. so far this month, he has received a payc
kupik [55]
The answer is $1034.52 hope i helped
5 0
2 years ago
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Rudy bought 10 shares of fat cat, inc. stock on january 1,2017. rudy paid $20 for each share. at first, it appeared that rudy ha
stiv31 [10]

He would would have a short term capital loss of $200 (10 shares at $20 each)

Short term losses are considered losses on assets that have been held for less than 1 year.

6 0
2 years ago
Loss leaders are poorly managed retail companies of outlets. true or false.
Amanda [17]
False. Loss leaders are products that are sold at or below cost in order to lure you into the store.
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Common stock, par $12 per share, 49,000 shares outstanding. Preferred stock, 8 percent, par $17.5 per share, 7,710 shares outsta
Vlad [161]

Answer:

<h2>a. The Preferred stock is noncumulative.</h2>

Preferred stock

= 7,710 * 17.5 * 8%

= $‭10,794‬

Per share

= 10,794/7,710

= $1.40

Common Shareholders.

= 63,800 - 10,794

= $‭53,006‬

Per share

= ‭53,006‬/49,000

= $1.08

<h2>b. Preferred stock is cumulative. </h2>

This means that if preferred dividends are not paid in a year, they will be accrued and paid when they can.

Preferred stock

= 7,710 * 3 years (2017,2018,2019)

= $‭23,130‬

Per share = 23,130/7,710

= $3

Common stock

= 63,800 - 23,130

= $‭40,670‬

Per share

= 40,670/49,000

= $0.83

c. Why were the dividends per share of common stock less for the cumulative preferred stock than the noncumulative preferred stock?

b. The dividends in arrears on the preferred stock had to be fulfilled before dividends could be paid for the current year.

7 0
3 years ago
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