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3 years ago

Public relations if often meant to do what?

1 answer:

6 0

Public relations often <span>lower a company's advertising costs</span> especially if an individual and the company's owner have known each other. This is also to help the company introduce their product though word of mouth and people are sometimes convinced on how to use them. This in turn would lower their advertising costs without the need to pay artists or agencies to introduce their product.

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On September 1, Ziegler Corporation had 53,000 shares of $5 par value common stock, and $159,000 of retained earnings. On that d

Nady [450]

Answer:

No entry is made for this transaction

Explanation:

Given:

The liability side of a balance sheet:

In this scenario, Ziegler Corporation split his shares, a 2-for-1 stock split.

According to company law, there is no Particular entry will be made for split share, because it has no impact on the total equity amount.

Only a memo entry will be created to recognize this type of transaction.

3 0

3 years ago

During August 2018, Bingham Company recorded the following: bullet Sales of $ 68 comma 900 ($ 55 comma 000 on account; $ 13

Paraphin [41]

Answer:

Explanation:

Direct Method

Aug

Dr Accounts Receivable 55,000

Dr Cash 13,900

Cr Sales 68,900

Dr Cash 45,100

Cr Accounts Receivable 45,100

Dr Bad Debt Expense 1,680

Cr Accounts Receivable 1,680

Dr Accounts Receivable 300

Cr Bad Debt Expense 300

Dr Cash 300

Cr Accounts Receivable 300

Allowance Method

Dr Accounts Receivable 55,000

Dr Cash 13,900

Cr Sales 68,900

Dr Cash 45,100

Cr Accounts Receivable 45,100

Dr Allowance for Doubtful debts 1,680

Cr Accounts Receivable 1,680

Dr Accounts Receivable 300

Cr Allowance for Doubtful debts 300

Dr Cash 300

Cr Accounts Receivable 300

8 0

3 years ago

Using the expanded accounting equation, solve for the missing amount

AveGali [126]

Answer:

The expanding accounting equation is:

Assets = Liabilities + Stockholders Equity

[Common Stock + Retained Earnings]

(Revenues - Expenses - Dividends)

Now, we replace the amounts in the formula

$84,325 = $2,560 + X

[ X + R ]

($54,780 - $28,125 - $13,450)

$84,325 = $2,560 + X

[ X + R ]

($54,780 - $28,125 - $13,450)

$84,325 = $2,560 + X

[ X + $13,205 ]

$84,325 = $2,560 + X

[ 68,560 + $13,205 ]

$84,325 = $2,560 + $81,765

Both sides are now equal to $84,325

Thus, Common Stock = $68,560

6 0

3 years ago

Capricorn Creative Inc., a U.S.-based advertising firm, was the first in the advertising industry to identify the growth potenti

Salsk061 [2.6K]

Answer:

The correct answer is option A ,first mover advantage.

Explanation:

First mover advantage is form of leading strategy where a firm is the first to identify the opportunities hidden in a particular industry or geography,thereby unlocking the potentials in order to improve its financial performance business-wide.

This is a form of diversification, as putting one's eggs in one basket is not a sustainable way to grow the business in the long-term.

Even though there are risks involved in been a first mover, the benefits sometimes outweigh the risks.

3 0

3 years ago

Wayne Company's beginning and ending inventories for the month of June were as follows:

ipn [44]

Answer:

d. $487,750

Explanation:

Cost of goods manufactured

<em>Consider only the manufacturing costs</em>

Cost of goods manufactured = $145,000 + $200,000 + $ 170,000 + ($5.75 x 25,000) - $171,000

= $487,750

Note : Only overheads applied $143,750 ($5.75 x 25,000) are added to cost of goods manufactured instead of actual overheads.

Conclusion

the amount of cost of goods manufactured is $487,750

5 0

3 years ago