Answer:
Explanation:
Sales: 850,000
Variable Cost: (850,000*60%) = <u>510,000</u>
Contribution Margin = 850k-510k= <em>340,000</em>
Fixed cost = 174,000
Depreciation = <u>75,000</u>
Earnings Before Taxes = <em>91,000</em>
Taxes (30%) = <u> (27,300)</u>
<h3>Net Income <u>
63,700</u></h3>
Pay off your balance every month.
Explanation
Avoid paying interest on your credit card purchases by paying the full balance each billing cycle. Resist the temptation to spend more than you can pay for any given month, and you'll enjoy the benefits of using a credit card without interest charged
Callable preferred stock exists likely to be redeemed by the issuer if interest rates fall.
<h3>What is Callable preferred stock?</h3>
The issuer may redeem callable preferred stock at a predetermined price prior to the maturity date. This kind of preferred stock is used by issuers for financing because they value the flexibility of being able to redeem it.
The preferred share is neither convertible nor callable. The preferred share has no maturity date and will always pay dividends. In a stock redemption, a company buys back its own stock from a shareholder in return for money or another asset. Unless it distributes valuable property, the redeeming corporation normally does not register gain or loss.
Hence, Callable preferred stock exists likely to be redeemed by the issuer if interest rates fall.
To learn more about Callable preferred stock refer to:
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Answer and Explanation:
The journal entries are shown below:
a. Deferred revenue Dr ($3,750 ÷ 3 months) $1,250
To Revenue $1,250
(Being the revenue of three month is recorded)
b. Advertising expense Dr ($2,550 × 10 ÷ 30) $850
To Prepaid advertise $850
(Being the advertising expense is recorded)
c. Salary expense Dr $7,500
To Outsanding salary $7,500
(Being the salary expense is recorded)
d. Interest expense Dr ($65,000 × 6% × 4 months ÷ 12 months) $1,300
To Accrued interest $1,300
(being the interest expense is recorded)
The four months is taken from August 31 to December 31
The statement above is true. When using interval method, it does not matter the number of responses, if the behavior occur in a given segment then the observer has to record it as a single event. For instance, in an English class of one hour, that is divided into six segments of ten minutes each. It does not matter the number of responses, if the behaviour occurs within the segment of ten minutes, then it has to be recorded as a single event.