Answer:
May 24
Dr Retained earnings $1,500
Cr Cash $1,500
Being cash dividend paid to shareholders.
October 11
Dr Advertising Expense $1,000
Cr Cash $1,000
Being cash payment for monthly advertising expenses.
Explanation:
Rules:
Debit side:
Increase in asset
Increase in expense
Decrease in liability
Decrease in equity
Decrease in income or sales
Credit side:
Decrease in asset
Decrease in expense
Increase in liability
Increase in equity
Increase in income or sales
May 24
Dr Retained earnings $1,500
Cr Cash $1,500
Being cash dividend paid to shareholders.
October 11
Dr Advertising Expense $1,000
Cr Cash $1,000
Being cash payment for monthly advertising expenses.
Answer:
practice at least two times per day
Answer:
c. $8.05
Explanation:
Calculation to determine What is the value of this stock at a required return of 16.4 percent
First step is to calculate the P2
P2 = ($1.35/.164)
P2= $8.23
Now let calculate the value of the stock
P0 = [$1.23 /1.164] + [($1.25 + 8.23)/1.164^2]
P0 = $8.05
Therefore the value of this stock at a required return of 16.4 percent is $8.05
Answer:
<u>product recalls</u>
Explanation:
Note, the Consumer Product Safety Commission is an agency that is concerned with consumer product safety in general regardless of whether they are food-related products or not.
Hence, <u>this agency among its stated primary objectives on its official website includes carrying out product recalls where necessary.</u>