Answer:
1. Accounts Payable will flow to the balance sheet because it is a liability account.
2. Accounts Receivable will flow to the balance sheet because it is an asset account.
3. Cash will flow in the balance sheet as it is an asset for the company.
4. Eddy Rosewood, Drawing will flow into Statement of owner's equity
5. Fees Earned will flow in the Income Statement
6. Supplies belong in the income statement as it is an expense account.
7. Unearned rent will flow in the balance sheet as it is a liability account.
8. Utility Expense will flow in the balance sheet as it is an expense account.
9. Wages Expense will flow in the income statement as it is an expense account.
10. Wages payable will flow in the balance sheet as it is a liability account.
Answer:
The answer is option A)Personal selling refers to: A customer-directed flow of communications, often in a face-to-face encounter, designed to promote a product with the purpose of making a sale.
Explanation:
Personal selling involves a face to face approach encounter with customers. In advertising, Personal selling involves the use of marketers with great interpersonal and sales skills employed to promote a product offering in the field where they can interface one on one with customers for the purpose of generating sales.
This supports the definition of personal selling as a customer-directed flow of communications, often in a face-to-face encounter, designed to promote a product with the purpose of making a sale.
Answer:
$600,000
Explanation:
Calculation for how much goes to the preferred stockholders
Using this formula
Preferred stockholders=Number of preferred shares outstanding * Preferred stock par value * Percentage of Annual dividend
Let plug in the formula
Preferred stockholders=50,000 x $100 x 0.12
Preferred stockholders= $600,000
Therefore If dividend is paid the amount of $600,000 goes to the preferred stockholders
Answer:
End of year 3: $677.85
Explanation:
If the interest rate is annual effective:
Year 0 (now): $100
In a year from now I will have:
End of Year 1: $100*1,075= 107.5
Then I put $200 more, i will have $307.5
Begging of year 2: $307.5
In two years from now I will have:
End of year 2: $307.5*1.075= $330.56
Then I put $300 more, i will have $660.56
Begging of year 3: $660.56
In three years from now i will have:
$660.56*1,075= $677.85
End of year 3: $677.85
