Answer: <u><em>Option (A) is correct</em></u>
Explanation:
In accordance with the complexion and state of communications in betwixt an accounting firm evaluating an initial audit of an individual and the individual's audit committee, option (A) is the most suitable one.
i.e. Preceding to acceptance of the commitment, the organization should characterize in writing accord that, as of current time period of communication, may judiciously be apprehended to take on independence.
Answer:
Total money= 1102.5+2100+3000= $6202.5
Explanation:
Giving the following information:
Your employer has agreed to place year-end deposits of $1,000, $2,000 and $3,000 into your retirement account. The $1,000 deposit will be one year from today, the $2,000 deposit two years from today, and the $3,000 deposit three years from today. If your account earns 5% per year.
We need to use the final value formula:
FV=PV*(1+i)^n
PV= present value
i= interest rate
n= number of years
First deposit will generate interest for 2 years:
FV= 1000*(1.05^2)= $1102.5
Second deposit will generate interest for one year
FV= 2000*(1.05^1)=$2100
The third deposit will not generate interest.
Total money= 1102.5+2100+3000= $6202.5
Answer:
The Journal entries are as follows:
(a) On June 1,
Cash A/c Dr. $5,830
To common stock $5,830
(To record the issue of common stock for cash)
(b) On June 2,
Equipment A/c Dr. $1,550
To accounts payable $1,550
(To record the purchase of equipment on account)
(c) On June 3,
Rent expense A/c Dr. $560
To cash $560
(To record the rent expense)
(d) On June 12,
Accounts receivable A/c Dr. $510
To Welding service revenue $510
(To record the welding service revenue)
The entry for the dividend declaration is as following:
Debit Cash Dividend $12,000
Credit Dividend Payable $12,000
To acquire the amount we must multiply the dividend per share which is 0.06 with a number of common shares issued which is 20,000. Capston, Inc have to entry this transaction as the dividend declares although the cash has not yet disbursed to comply with the accrual principle.
The treasury stock must be ignored because it is the portion of stocks which held by the company in its own treasury and the amount of authorized stock because it is not yet issued and the company doesn't have the obligation to pay that portion of stocks dividend<span>.</span>
1) Prevents business failure
About 96% of American businesses close their doors within 10 years. One of the contributing problems is poor customer service. Buyers become frustrated over small problems that are not addressed. It happens when a business does not have good customer service associates who follow up on questions and promptly fill requests.
2) Creates endorsements
Loyal customers provide positive endorsements and good online reviews that can help businesses strengthen their brand. A loyal customer, on average, is 10 times more valuable than their first purchase. Research shows that people often make purchasing decisions based on recommendations from family and friends vs. advertising messages. Here are four statistics:
About 97% of customers will tell others about very good or excellent customer service experiences.
Nearly 70% of people would spend more money with a company that has excellent customer service.
Approximately 24% of satisfied customers will return to a business two or more years after a good customer service experience.
Research shows that 59% of people would try a new company to receive better customer service.
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