Answer:
The journal entries are shown below:
Explanation:
The journal entries are as follows
On August 4
Account Receivable $610
To Sales Revenue $610
(Being the goods sold on credit basis is recorded)
On August 7
Sales Return and Allowances $60
To Accounts Receivable $60
(Being the sales allowance is recorded)
On August 12
Sales Discount $11
Cash $539
To Accounts Receivable $550
(Being the amount paid is recorded after considering the 2% discount
Answer:
BEP units 205,882 pounds
BEP dollars $102,941.17
Explanation:
0.50 - 0.33 = 0.17 contribution per pound
This means each pound generates 0.17 of contribution.
Now, we can calculate the pounds needed to afford the fixed cost.
35,000/0.17 = 205,882.35 pounds
for the BEP we will multiply by the sales price:
205,882.35 pounds x $0.5 = $102,941.17
Answer:
Providing proper incentives for the employees to work more efficiently.
Explanation:
The objective of a good corporate governance is mainly in the interest of the company's shareholders. The shareholders should be able to see through (transparency) the activities of the company.
Answer:
The correct answer is: less; can.
Explanation:
Preferred stocks are different from common stocks. Holders of preferred stocks have a higher claim on the dividends as compared to common stockholders.
Corporate bonds are the instruments through which companies borrow for the long term. They are generally backed by the creditworthiness of the company rather than some asset.
Issuing of preferred stocks is comparatively less risky for the firms than issuing bonds, that's because in case of preferred stocks the payment of dividends can be omitted without the firm being forced to bankruptcy.
