Answer:
Dividens paid in 2015: $85.000
Explanation:
TOTAL ASSETS 972.500
TOTAL LIABILITIES 450.000
Common Stock $ 370.000
Retained Earnings $ 152.500
TOTAL EQUITY $ 522.500
Retained Earnings Report
Opening retained earnings $ 0
Add: Net Income $ 237.500
Subtotal $ 237.500
Less: Dividens -$ 85.000
Total $ 152.500
Answer:
O Debit Retained Earnings $4,000; credit Common Dividends Payable $4,000.
Explanation:
Dividend declared = $0.5 per share
Total Authorized shares = 20,000 shares
Total Issued Shares = 9,000 shares
Total Outstanding shares = 8,000 shares
As outstanding shares are only eligible shares for the dividend payment.
Total Dividend Payment = $0.5 per share x 8000 shares
Total Dividend Payment = $4000
Journal Entry for this event
Dr. Cr.
Retained Earning $4,000
Common Dividend Payable $4,000
Place utility is created by making a product available at a location where customers wish to purchase it.
Answer:
(a) 14%
(b) 15%
(c) 15.48%
Explanation:
cost of retained earnings:
= ($3.03 ÷ $34) + 0.05
= 0.09 + 0.05
= 14%
Therefore, the Evanec's cost of retained earnings is 14%
Flotation cost percentage:
= [($34 - $28.90) ÷ $34] × 100
= 0.15 × 100
= 15%
Therefore, the Evanec's percentage flotation cost is 15%.
Cost of new common stock:
= ($3.03 ÷ $28.90) + 0.05
= 0.1048 + 0.05
= 15.48%
Therefore, the Evanec's cost of new common stock is 15.48%.
Answer:
The correct answer is (B) Price.
Explanation:
The price is a marketing variable that comes to synthesize, in a large number of cases, the commercial policy of the company. On the one hand, we have the needs of the market, set in a product, with certain attributes; on the other, we have the production process, with the consequent costs and profitability objectives set. That is why the company must be in charge, in principle, of setting the price it deems most appropriate.
For the potential customer, the value of the product is expressed in objective and subjective terms, since it has a very particular scale when computing the different attributes of which it is composed, hence the denomination of expensive or cheap it gives them. However, for the company the price is a very important element in its marketing mix strategy, along with the product, distribution and promotion.
