Answer:
Classification for each of the following account is given below.
a. Sales Discounts - Sales discount is classified as contra revenue account. These type of accounts has debit balance.
b. Freight-Out
- It is an expense account. These type of accounts has debit balance.
c. Accumulated Depreciation - This can be classified as contra depreciation account. This account has credit balance.
Answer:
Informal meeting
Explanation:
Informal meeting is form of meeting that does not have a standard format.It is good in the sense that it allows one of the participant to be at ease and speaks more freely than would have done in a formal meeting.
This type of meeting will be more suitable for Miranda to address the matter with Lauren as she will most likely open up to Miranda concerning any issue that might have been affecting her performance more than she would have done in any other form of communication.
Moreover . This is the first observation and it is good to approach the issue in an informal way before taking it further if the situation persists.
Answer:
D) a share of the profits paid to each shareholder on the basis of the number of shares they hold.
Explanation:
Dividend: The dividend is distributed when the company is earning profits. If the company is suffering losses, then no dividend is declared. In this, the priority is given to the preference shareholders then equity shareholders.
After distributing the dividend to the shareholders, the balance would be transferred to the retained earnings which is come under shareholder equity in the balance sheet.
So, based on their holding shares, the dividend is paid to each shareholder.
Answer : $4938.80
A sinking fund is a term that can be broadly used to describe putting a fixed amount of money aside at regular intervals for a given time frame and investing this money at a given interest rate with an objective of saving a desired amount of money at the end of the time period.
In finance it's referred to commonly as an annuity payment.
For this question, we can use the formula for Future Value of an annuity to arrive at the answer.
![FVA = P\left [ \frac{(1+r)^{n}-1}{r}\right ]](https://tex.z-dn.net/?f=%20FVA%20%3D%20P%5Cleft%20%5B%20%5Cfrac%7B%281%2Br%29%5E%7Bn%7D-1%7D%7Br%7D%5Cright%20%5D%20%20)
where
FVA = future Value of an annuity
P = periodic payment
r = interest rate per period
n = number of periods
The following information is given in the question:
FV = $120,000
Interest Rate = 8% p.a
No. of years = 5 years
No. of compounding periods in a year = 4
So,
i =0.02
n = 20 ( 5 * 4)
Substituting these values in the FVA equation, we have
![120000 = P\left [ \frac{(1+0.2)^{20}-1}{0.02}\right ]](https://tex.z-dn.net/?f=%20120000%20%3D%20P%5Cleft%20%5B%20%5Cfrac%7B%281%2B0.2%29%5E%7B20%7D-1%7D%7B0.02%7D%5Cright%20%5D%20)
![120000 = P\left [ \frac{0.485947396}{0.02}\right]](https://tex.z-dn.net/?f=%20120000%20%3D%20P%5Cleft%20%5B%20%5Cfrac%7B0.485947396%7D%7B0.02%7D%5Cright%5D%20)
.
From each according to his ability, to each according to his needs is the phrase Marx used
