Answer:
Ethics
Explanation:
Ethics also called moral philosophy involves how an individual systemises, defends and recommends the concept of right or wrong.
Summer is facing an ethical decision of either returning the bag or keeping it for herself. Her decision will be based on her definition of right or wrong.
If her moral philosophy is one that does not see theft as something that is wrong, she will decide to keep the bag. If on the other hand she sees keeping the bag that is not her own as wrong she will decide to return it.
Answer: The statement "d. The excess of the credits of an asset account over the debits is the balance of the account.". is <u>NOT TRUE.</u>
Explanation: The statement "d." is not true because according to the basic equity equation (ASSETS = LIABILITIES + EQUITY).
The excess of the debits of an asset account over the credits is the balance of the account and the excess of the credits of an owner's equity account or a liability account over the debits is the balance of the account.
Answer:
Cash flow = $35
Explanation:
Cash flow= Payout ratio*net income-price of stock= 0.30*400-85=35
The most important difference of the two or between
businesses in the profit and nonprofit organizations is that in terms of nonprofit
organizations, the organization owners does not make money, while the profit
organizations—it makes money for the organizations’ owners.
Answer:
$7.23
Explanation:
Basic Earnings per share = (Net Income - Preferred Dividend) / Weighted average of outstanding common shares
Basic Earnings per share = ($7,350,000 - $195,000) / 990,000 shares
Basic Earnings per share = $7,155,000 / 990,000 shares
Basic Earnings per share = 7.22727273
Basic Earnings per share = $7.23
So, the amount of Angel's basic earnings per share for 2021 is $7.23.
