Answer:Flint corporation journal $
Date
1. Bank account Dr 7800
Common stock Or. 7800
Narration. Issuance of 700 ordinary stock for $7800 .
2. Bank account Dr 7800
Common stock Cr. 1400
Share premium. 6400
Narration. Issuance of 700 ordinary at $7800 at a premium.
Explanation:
Shares can be issued at par, premium or discount. When it's issued at it's nominal value it's said to be issued at par, when it's issued above it's nominal value it's said to be issued at a premium and when it's issued below par it's said to issued at a discount.
Answer:
If the effective tax rate increases then the net savings coming from investments will get lowered as a result the investment will have higher payback period (The increase in effective tax rate would lower demand of the product which means there is decline in net saving arising from the sale of the product). Likewise this decrease in annual net savings will also decrease the internal rate of return which shows that their are increased chances of project rejections. The NPV method is based on cash flows and relevant costing just like IRR and payback method but the only difference is that it assumes that the cash earned would be reinvested at cost of capital. The NPV will also decrease due to increased effective tax rate.
True, With relationship selling the salesperson would spend most of his or her contact time with the prospect talking about the product, hoping to close the sale.
<h3>What is the difference between relationship selling and consultative selling?</h3>
The difference between relationship selling vs. consultative selling is that relationship selling consists of building a relationship with a customer over a long time and then relying on that relationship for sales as opposed to short-term gains and creating an interest in the customer in consultative selling
To learn more about relationship selling, refer
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Answer:
$192,500
Explanation:
budgeted net income statement
Net sales $750,000
<u>COGS ($300,000) </u>
Gross profit $450,000
Selling expenses ($83,000)
<u>Adm. expenses ($92,000) </u>
EBIT $275,000
<u>Income taxes ($82,500) </u>
Net income $192,500
Answer:
Non Banking Institutions (Investment Bank)
Explanation:
Non Banking Institutions (Investment Bank) do not have a full banking licence and are not usually supervised by a national or international banking regulatory agency.
NBIs facilitate investment, market brokerage, contractual savings and risk pooling.
Non Bank Institutions provide avenues for transforming an economy's savings to capital investment.
One way they do this is by underwriting new issues of securities for corporations, states, and municipalities needed to raise money in the capital markets.
