Answer:
par value = $0.01 per stock
Explanation:
Retained earnings are capitalized to measure how the issuance of new stocks affects existing outstanding shares. In this case or any other case, retained earnings will be capitalized at par value, since the market value of the shares doesn't affect it.
If new shares were issued in an unrelated operation, the accounts that would be affected are common stock and additional paid in capital, not retained earnings.
The correct option is A
<u>Explanation:</u>
Under the accrual basis of an accounting system, an expense has to be booked in the period in which it is incurred whether such an expense has been paid or not.
<u>The following Journal Entry will be passed in the books of accounts of a company:
</u>
Wages account will be debited with an amount of 5000 and Wages Payable account will be credited with an amount of 50000
Thus, the correct answer will be option A from the given options.
Given:
Sales last month - 19,000
sales discounts - 3,000
sales returns - 1,750
Net Sales is computed by deducting Sales returns & Allowances and Sales discounts from Gross Sales.
Net Sales = 19,000 - 3,000 - 1,750 = 14,250
The net sales for last month was $14,250.00
Sales Agent makes an average income of nearly 67,000 dollars approximately per year
<u>Explanation:</u>
Sales agent performs the duty of selling and distributing the products to the customer. They also provide complete services regarding the products and duly take the responsibility in clearing an issue in the product.
Sales Agents perform various roles such as;
- Provides a complete description regarding the product along with its feature.
- Interact with business officials for future sale agreements.
- Maintains a friendly relationship with their customers.
- Progress towards rapid growth in selling more products.
Answer:
$13.80
Explanation:
Calculation to determine the offering price
Using this formula
Offering Price = NAV/1-load
Let plug in the formula
Offering Price = $12.70/1-0.08
Offering Price =$12.70/0.92
Offering Price = $13.80
Therefore the offering price is $13.80
