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3 years ago

"Slumming" meant:

Business

1 answer:

Andru [333]3 years ago

8 0

Answer:

Explanation:

The word 'slumming' can be defined as an act of going to socially low-level area and spending time there either with the purpose to do charity or just out of curiosity.

Harlem is a city located in the neighbourhood of New York City after blacks migrated to the place the city became a restricted area to go.

But in the early 1920s, the whites began slumming to Harlem. They left their sophisticated ways to get a share of black life. They packed themselves in speakeasies, dancehalls, jazz clubs, etc.

So, the correct answer is option A.

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What is the major difference between corporations and other kinds businesses?

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A corporation is a separate entity apart from that of the owners. A corporation is not responsible for its debts if it fails. A corporation is much larger than other kinds of businesses.

Explanation:

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3 years ago

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More than 99% of all U.S. firms are classified as small businesses, and they employ about half of private workers. A small busin

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3 years ago

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2 years ago

Trusper Company was organized on January 1, Year 1 and has had 1,000 shares of $200 par value, 10% cumulative preferred stock ou

snow_tiger [21]

Answer:

$50,000

Explanation:

Generally, preferred stockholders receive dividends earlier than common stockholders. Moreover, as the preference shareholders are cumulative, if they do not receive dividends current year, they will receive in the next year. Finally, preferred dividend is fixed until there are new issuance of preferred stock.

Preferred dividends for Year 1 = 1,000 shares × $200 × 10% = $20,000

For year 2 = $20,000

Given, total dividends in year 1 = $15,000

Therefore, company provides $15,000 to preferred dividends. No common dividends in year 1.

However, in the next year (Year 2), the company will pay $5,000 + $20,000 = $25,000 to preferences shareholders.

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8 0

3 years ago

Patton has acquired several other companies. Assume that Patton purchased Kate for $ 6 comma 000 comma 000 cash. The book value

ruslelena [56]

Answer:

1. $2,000,000

2. Accounting Entry

Assets $17,000,000 (debit)

Goodwill $2,000,000 (debit)

Liabilities $13,000,000 (credit)

Investment in Kate $6,000,000 (credit)

Explanation:

The Acquisition of Kate must be done at the fair value of Assets and Liabilities at the acquisition date instead of book values.

Goodwill is the excess of the Purchases Price over the Net Identifiable assets acquired.

Calculation of Goodwill :

Purchase Price $6,000,000

Less Net Identifiable Assets

Assets at Fair Value $17,000,000

Less Liabilities at Fair Value ($13,000,000) ($4,000,000)

Goodwill $2,000,000

Accounting Entry

Assets $17,000,000 (debit)

Goodwill $2,000,000 (debit)

Liabilities $13,000,000 (credit)

Investment in Kate $6,000,000 (credit)

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3 years ago