Answer:
Features of Public Limited Company:
Easy Transferability.
Perpetual Succession.
Limited Liability.
Paid-Up- Capital.
Name.
Directors.
Prospectus.
Borrowing capacity.
Explanation:
Answer:
EPS 5.92
dividend yield: 3.33%
payout ratio: 0.3378
Explanation:
<em><u>Earnings per share:</u></em>
EPS = (income - preferred dividends) / common stock utstanding
EPS = (15,800,000 - 1,000,000)/ 2,500,000 = 5.92
<em><u>dividend yield:</u></em>
dividend per share / market price
$2.00 / $60.00 = 0.03333 = 3.33%
<u><em>payout ratio: </em></u>
dividends per share / earning per share
2 / 5.92 = 0,3378
Answer: A) debit to Salaries and Wages Expense for $88,800
Explanation:
When recording the payroll for the month, the gross pay of $88,800 will be debited to the Salaries and Wages expense account.
The relevant deductions are then made which in this case would be FICA taxes, Income taxes withheld and Medical insurance deductions. The unemployment taxes are the responsibility of the employer so will not be deducted.
The Journal entry will therefore be;
Debit Credit
April 30 Salaries and Wages Expense 88,800
FICA Taxes withheld 6,790
Income taxes withheld 18,500
Medical Insurance deductions 3,300
Salaries and Wages Payable 60,210
Answer:
b. a rule which requires a company to adjust the cost of its inventory when the market price decreases below the cost.
Explanation:
LCM means lower of cost or market value. It is a rule under which the value of inventory is adjusted to lower of cost or market value. Also, it is a rule which requires a company to adjust the cost of its inventory when the market price decreases below the cost.
Hence, the correct option is <u>a rule which requires a company to adjust the cost of its inventory when the market price decreases below the cost</u>.
If these are the missing details:
<span>checks in the amount of $516.88 were still outstanding,
a deposit for $453.13 had not been credited,
monthly service charges were $16.00,
and a check in the amount of $104.65 had been returned NSF.
What was the reconciled cash balance of Price Co.?
</span>
Ending book balance: $ 3,420.00
Add back: O/S check: 516.88 This has not yet been encashed or deposited by bearer
Deduct: deposit (453.13) This has not yet been credited in the bank
Deduct: monthly svc (16.00) Deducted by the bank not in the books
Deduct: check deposit <u> (104.65) </u> NSF recorded by the bank. This is still collectible from maker
Reconciled cash bal. 3,363.10
NSF stands for no sufficient funds. If the company receives the check and deposits it to their account, it will be recorded as collected and earned. So the cash balance will be increased by 104.65. However, because the check is NSF, it means that the check is not good and the receivable has not been paid. Thus, the company has to deduct the amount from their books and collect from the customer the amount they deduct.
