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4 years ago

A ____ is drawn on a financial institution and is payable upon demand?

Business

2 answers:

Molodets [167]4 years ago

7 0

Answer: check

Explanation:

A <em>check</em> is drawn on a financial institution and is payable upon demand.

forsale [732]4 years ago

6 0

The answer is a check

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Producers use marketing intermediaries because they ________.

Goryan [66]

Answer:

A) create greater efficiency in making goods available to target markets

Explanation:

While producers usually focus on getting raw materials at efficient cost and optimize the production process in a bid to stay profitable, intermediaries such as wholesalers and distributors are usually engaged to ensure that the products are properly distributed and available in the target market of consumers.

Intermediaries usually bring the goods from the producer to the consumer through the intermediaries distribution networks.

6 0

4 years ago

On January 1, 20X1, Bravo Company borrowed $26,000 to purchase equipment. The loan is to be repaid plus interest of 10% per year

andrey2020 [161]

Answer:

The general journal adjusting entry needed for December 31, 20X1:

Debit Interest expense $2,600

Credit Interest Payable $2,600

Explanation:

On January 1, 20X1, Bravo Company borrowed $26,000 to purchase equipment. The loan is to be repaid plus interest of 10% per year, on December 31, 20X2.

The amount of interest expense for 1 year = $26,000 x 10% = $2,600

Following the Accrual accounting - an accounting method that revenue or expenses are recorded when a transaction occurs rather than when payment is received or made. The company should record interest expense for the year 20X1 by the general journal adjusting entry:

Debit Interest expense $2,600

Credit Interest Payable $2,600

7 0

3 years ago

On December 31, 2018, Adelphi Corporation has outstanding 500 shares of $100 par value, 4% cumulative and nonparticipating prefe

alexandr402 [8]

Answer:

$5.50 dividend per share to common stock

Explanation:

In case a company has cumulative preference shares then the company has to pay preference dividend in arrears

Here, preference dividend was not paid in the year 2017

Preference dividend for 2017 = 500 $\times$ $100 $\times$ 4%

= $2,000

Since the dividend is paid in between the year 2018, dividend is paid for the year 2017 and not for 2018 thus preference dividend is for a year, only for 2017

Therefore, dividend to common equity = $35,000 - $2,000 = $33,000

Dividend per share = $33,000/6,000 = $5.50 per share

6 0

4 years ago

Companies such as IBM, Walmart, and Google now look beyond economic gain and, in their marketing strategies, they also consid

sveticcg [70]

Answer:

The societal marketing concept

Explanation:

Societal marketing refers to the marketing idea that maintains that a firm should make creative decisions not only through taking into account the needs of customers, the criteria of the corporation, but also the lengthy-term interests of society.

The principle of societal marketing holds that the role of the company is to assess a target market's desires, wishes and preferences and to produce the desired satisfactions more effectively and efficiently than rivals in a manner that maintains or improves the very well-being of all individual consumers and general society.

5 0

4 years ago

Bailey Corporation began business on January 2, 2019, with five employees. Its sick leave and vacation policy follow: Each emplo

alekssr [168]

Answer:

Answer is explained in the explanation section below.

Explanation:

Given Data:

Business Began on = 2, January, 2019

Number of employees = 5

Sick leaves and vacation Policy:

Allowed Sick Leaves for each employee = 8 days/year

Paid Leave = 1 day/Month worked

Accrued Vacation condition = Worked for company for at least 1 year

Sick leaves if not used = 18 days accumulated.

Daily Gross Wages = $180 for each employee.

Part 1:

So, we know that,

The company records its liability to compensated absences for both sick leave.

on quarterly basis (5 x 2 = 10 days).

pay per each employ = $180.

The company records its liability to compensated absences for both sick leave.

On quarterly basis = 10 x 180 = $1800.

In a quarter each employee is allowed to avail 3 vacation days, so the total vacations days for 5 employees for a quarter 3 x 5=15 days

gross wage for each employee is $180 per day

for vacation days= 15 x 180= $2700

To record this transaction the journal entry is:

wages expenses $2700

Accumulated wages $2700

Part 2:

The partial interim balance compensation for future absences at March 31, 2019

= $1800 + $2700

= $4500.

3 0

3 years ago