Answer:
The correct answer is A
Explanation:
Cash payments journal is the one which records the all the cash payments which is made by the business which involve the cash purchases of equipment, merchandise, supplies and payment to creditor.
So, the note payable payment in which the cash is received is recorded in the cash payment journal and also the accrued interest.
Answer:
$18,622.53
Explanation:
Calculation for how much should Legion pay for cash interest for the six months ended June 30, 2021
Using this formula
Cash interest= Bonds percentage* Bonds amount
Let plug in the formula
Cash interest=9%*$206,917
Cash interest=$18,622.53
Therefore how much should Legion pay for cash interest for the six months ended June 30, 2021 is $18,622.53
Answer:
The correct answer is letter "B": Penetration pricing.
Explanation:
Penetration pricing launches new goods or services at an initially low price to keep buyers away from rivals. Penetration pricing allows a company to create barriers to market entry by removing them. The new company assumes that even when costs rise to normal levels, customers will continue to buy their goods.
Answer:
It should maintain the same per share dividend.
Explanation:
If you keep a constant per share dividend, for example, $1 per share, as the price of the shares increases, the payout ratio will start to decrease. This means that the company's retention rate will increase and it will have more money to invest in future projects. The company needs funds and it can save it (as retained earnings), borrow it (as debt) or issue equity. The options are limited.
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