Answer:
a. 
Date                      Account Title                                    Debit                Credit
Dec, 31. 2020       Cash                                              $1,000
                              Customer Deposits                                                  $1,000
b.
Date                      Account Title                                    Debit                Credit
Dec, 31. 2020       Customer deposits                          $800
                              Cash                                                                         $800
c. 
Date                      Account Title                                    Debit                Credit
Dec, 31. 2020       Customer deposits                          $120
                              Breakage Revenue                                                   $120
                             Cost of goods sold(0.8 * 120)         $  96
                             Inventory                                                                   $  96
 
        
             
        
        
        
Answer:
Opportunity cost is giving up the working at Mc Donald's
Explanation:
Opportunity cost is the term which is stated as the profit, value of something or the benefit which is given up for something in order to acquire or accomplish something else.
In this case, Alexandra wants to work at Mc D and play soccer. So, she decided to play soccer. Therefore, the opportunity cost is working at Mc Donald in order to play.
 
        
             
        
        
        
Answer:
 In order to make the distribution to common shareholders, each preferred share must be paid a dividend of:
$5 per share.
Explanation:
The preferred stock is non-cumulative.  This implies that XYZ's preferred stockholders are not being owed for the previous two year's dividend that was not paid.  Non-cumulative preferred stock does not attract dividend arrears whenever it was not declared.  It is cumulative preferred stock that attracts such arrears to be carried forward until they are paid.
 
        
             
        
        
        
Answer:
Company 1 = $2 per share
Company 2 = $2.50 per share
Explanation:
Given that,
EBIT for both companies = $1,000
Number of shares outstanding for company 1 = 500
Number of shares outstanding for company 2 = 300
Interest paid by company 2 = $250
EPS for company 1:
= (Total income - Preferred dividend) ÷ Shares outstanding
= ($1,000 - $0) ÷ 500
= $2 per share
EPS for company 2:
= (Total income - Preferred dividend) ÷ Shares outstanding
= ($1,000 - $250) ÷ 300
= $750 ÷ 300
= $2.50 per share