Answer:
Interest Expense $63,000
Interest Payable $63,000
Explanation:
$700,000 X 9% = $63,000 which is the annual interest expense that they will incur each year. Because it isn't paid until January 1st, it is rolled into the Interest Payable account.
Answer: (E) Harvesting
Explanation:
The harvesting is one of the type of marketing strategy that retain the goods and the services in the production line and also reduces the market cost or spending on the specific products.
The harvesting strategy is also known as the exist strategy in the market and the main objective of the harvesting strategy is that it maximize the product profits and also has the opportunity for trading in an organization for distributing the shares.
Therefore, Option (E) is correct.
The leadership is still important in today’s flatter, team-based organizations to make sure that the team members are working on the right track. The organization has a vision and a mission to achieve in order to reach its goal. The team leader assures that every team members understand and remember this vision and mission.
The possible problem of a free-rider befalls when those who avail of resources, well-founded, or services do not pay for them, which leads to an underprovision of those goods or services. For example, a free-rider may often ask for accessible parking lots from the ones who have already paid for them, in order benefit from free parking.
Answer:
$140 million
Explanation:
Given that,
Ending Retained Earnings = $1,140 million
Beginning Retained Earnings = $1,200 million
Net Income = $80 million
Ending Retained Earnings = Beginning Retained Earnings + Net Income - Dividends
$1,140 million = $1,200 million + $80 million - Dividends
Dividends = $1,200 million + $80 million - $1,140 million
= $140 million
Therefore, the dividend of $140 million were paid to shareholders during the year.
