Answer:
Option (A) is correct.
Explanation:
Cody's undistributed earnings for 2018:
Given that,
Pretax Income = $125,000
Income tax rate for both companies = 30%
Cody declared total dividends = $25,000
Tax = Pretax income × Tax rate
= $125,000 × 30%
= $37,500
Undistributed Earnings = Pretax Income - Tax - Dividends distributed
= $125,000 - $37,500 - $25,000
= $62,500
Reasons For Using Trade Barriers. As for protecting domestic producers, some countries use trade barriers is to protect immature domestic producers and industries that cannot effectively compete with foreign products. Trade barriers makes imported goods and products less attractive than locally produced goods.
Answer:
1) total sales revenue = $120,000
this amount holds regardless of how much money was collected in cash or if an account/note receivable was recorded
2) the company must recognize interest revenue:
principal = $72,000
interest revenue = $72,000 x 10% x 40/360 days = $800
Dr Interest receivable 8000
Cr Interest revenue 800
Answer:
A. 0.684
Explanation:
A seasonal index refers to an index that is used to compare the value for a particular period with the average value of all periods.
The purpose of using a seasonal index is to show the relationship between the two values, and the degree to which the two values are different.
The seasonal index can be calculated as the latest value for a period divided by the average of all periods. Therefore, we have:
Seasonal index for July = Latest value for July / Average demand over all months = 130 / 190 = 0.684.
Therefore, he approximate seasonal index for July is 0.684.
Here are the answers: Ceteris Paribus, we would expect the following to be the cause of a decrease in the demand for the automobiles and these are: Increased gasoline prices, the expectations of the consumers that the prices of the automobiles will depreciate the following year and that the significant recession will develop and will last for a year. (Answers are based from the actual options attached to this question.)
