Answer:
Balance of Stockholder's Equity at December 31 is $1,910,000.
Explanation:
This will appear as follows
Idaho Company
<u>Details $ </u>
Stockholder's Equity:
Common Stock 525,000
Preferred Stock 500,000
Additional Paid-In Cap. - Common Stock 625,000
Additional Paid-In Cap. - Preferred Stock 50,000
Treasury Stock (40,000
)
Retained Earnings <u> 250,000 </u>
Balance at December 31 <u> 1,910,000 </u>
Answer: The correct answer is "B. Zimbabwe".
Explanation: GDP growth is crucial for an economy, since an increase in it reflects an increase in economic activity. If economic activity picks up, it means that unemployment tends to decrease and that per capita income increases.
In the case of Zimbabwe, population growth is far superior to GDP growth, therefore this makes economic growth much more difficult since there are more people per capita income is diminished.
Answer:
a. $0.20
b. $322,000
Explanation:
Depreciation is the systematic allocation of the cost of an asset to the income statement over the estimated useful life of that asset.
It is determined as the depreciable value of the asset over the estimated useful life of the asset where the depreciable value is the difference between the cost and salvage value of the asset
.
The amount of depreciation to be recognized for each mile that a rental automobile is driven
= ($15,000 - $6,000)/45,000
= $9,000/45,000
= $0.20
Total millage expected of the 60 cars before disposal
= 60 * 45,000 miles
= 2,700,000 miles
The total amount of depreciation expense that Central Auto Rentals should recognize on this fleet of cars for the year
= 1,610,000/2,700,000 * ($9,000 * 60)
= $322,000
Answer:
See below
Explanation:
The job description is a document that shows the duties, responsibilities, and skills to perform a specific role. For example;
<u>Negotiate insurance settlement- </u><u>Claim adjuster</u>
The claim adjuster gathers reports and facts to the insurer.
<u>Certifies the financial record of the business-</u><u> Auditor</u>
An auditor ensures the reports and records are well examined in an organization. He or she verify the assets and liabilities.
<u>Help a company build a positive image in the media-</u><u> Public relation specialist.</u>
Public relations help in building trust and creating awareness about the organization.
<u>Negotiates the rates for transportation of goods- </u><u>Cargo and flight agent</u>
cargo and flight agents ensure that shipments are delivered on time, and fees are collected.
Answer:
C. Neither Mary nor Sharon can claim breach of contract.
Explanation:
Mary buys a lottery ticket and promises to buy her friend Sharon a new pair of shoes if she checks the lottery results while Mary is away.
Sharon agrees to do so, provided she has the time for it.
If Sharon fails to check the results and Mary wins the lottery, then it would be true of the contract between Mary and Sharon that Neither Mary nor Sharon can claim breach of contract.
The reason is Mary's promise is based on the condition that Sharon checks the result, Sharon's promise is based on the condition that 'if she has the time for it.'
The condition was not met by Sharon hence she cannot claim a breach of contract because she did not check the results, similarly, Mary cannot sue Sharon because sharon made it clear that she will only check If she has the time.
