Contests and sweepstakes are common promotional tools used by companies to attract customers to their company or product.
A contest is slightly different from a sweepstakes in that it requires participants to complete some sort of challenge, such as a trivia question, or demonstrate talent or skill.
<h3>What is the purpose of a sweepstakes?</h3><h3>Sweepstakes Provide Valuable Market Research</h3>
Companies use giveaways to get insight into how their potential customers think, spend their time, or use the company's products.
The company can use the results of their surveys to make future advertisements more effective.
Learn more about contest and sweepstakes here:
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brainly.com/question/28187910</h3><h3 /><h3>#SPJ4</h3>
Answer:
a.
Debit Credit
Salary expense $5,300
($26,500/5)
Salary payable $5,300
b. Debit Credit
Salary expense $21,200
($26,500/5*4)
Salary payable $21,200
Explanation:
a. The journal entry that should be made in the books of the Garcia Realty Co. if the accounting period ends on the monday is given below:
Debit Credit
Salary expense $5,300
($26,500/5)
Salary payable $5,300
b. The journal entry that should be made in the books of the Garcia Realty Co. if the accounting period ends on the thursday is given below:
Debit Credit
Salary expense $21,200
($26,500/5*4)
Salary payable $21,200
Answer:
Debit Petty cash $200 and credit cash $200
Explanation:
Accountants evaluate business activities and put them in record using journal entries such as debit-credit rules as a guide. Normally, an accountant will use specific journals for numerous journal entries of the same type – like sales journals, cash journals and purchases journals. Businesses which are large usually use specialized journals, while businesses which are smaller tend to only use a general journal that has all transactions. Recording journal entries is only the first step in the accounting.
Answer:
Option D is correct.
Explanation:
In the option 1 we receive $250,000 but in the second option we receive total amount that is $200,000. But their is an issue which is time value money. If the inflation is lower then it is possible we receive higher value in real terms. If we have an opportunity to invest in a project or company with required return provided then it would be the best option to invest in. Overall option D is correct because the level of question is High School.f
Answer:
(a) $16,000
(b) $12,000
Explanation:
Given that,
Shares of common stock issued = 4,000
Shares of preferred stock issued = 500
Preferred stock is cumulative, $100 par, with an 8% dividend rate.
Total dividend declared = $28,000
(a) Dividend for the year 2015:
= shares issued × Par value × Dividend rate
= 500 × $100 × 8%
= $4,000
Arrear for the three years:
= Dividend for the year 2015 × No. of years
= $4000 × 3
= $12,000
Therefore, the dividend paid to preferred stockholder's:
= Dividend for the year 2015 + Arrear for the three years
= $4,000 + $12,000
= $16,000
(b) Dividend paid to common stockholder's:
= Total dividend paid - Dividend paid to preferred stockholder's
= $28,000 - $16,000
= $12,000
