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3 years ago

this type of business is made up of family members and close friends and are not allowed to sell their shares to the public.

Business

1 answer:

disa [49]3 years ago

4 0

Answer:

private limited companies

Explanation:

usually small to medium size business but there shares cannot be sold to the public.

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Sweet Company borrowed $34,800 on November 1, 2020, by signing a $34,800, 9%, 3-month note. Prepare Sweet’s November 1, 2020, en

nikitadnepr [17]

Answer:

Explanation:

The journal entries are shown below:

On November 1

Cash A/c Dr $34,800

To Notes payable A/c $34,800

(Being issuance of the note payable is recorded)

On December 31

Interest expense A/c Dr $522

To Interest payable A/c $522

(Being accrued interest adjusted)

The computation is shown below:

Principal × rate of interest × number of months ÷ (total number of months in a year)

= $34,800 × 9% × (2 months ÷ 12 months)

= $522

The two month is calculated from the November 1 to December 31

On February 1

Interest Expense A/c Dr $261

Interest payable A/c Dr $522

Note Payable A/c Dr $34,800

To Cash A/c $35583

(Being payment is recorded)

The computation is shown below:

Principal × rate of interest × number of months ÷ (total number of months in a year)

= $34,800 × 9% × (1 months ÷ 12 months)

= $261

The one month is calculated from the January 1 to February 1

5 0

3 years ago

A corporate CEO wished to relay good news about the prospect of a new technology being created, but was reluctant to do so. Inst

borishaifa [10]

Answer:

Information signaling

Explanation:

Information signalling is defined as the various actions a firm takes that communicates it's financial outlook. For example if a firm releases a dividend policy it communicates the value of the firm's stock.

In this scenario the CEO announced increase in the firm's dividend. This will convey to investors that the company has a competitive advantage which will result in additional income, so dividends are being raised.

It is an indirect way of announcing good news about the prospect of a new technology being created.

7 0

3 years ago

Please help

Reil [10]

A budget is a plan you make to decide how you spend your money.

To make a budget you must decide how much of your money you want to spend and how much of it you want to set aside. To balance a budget, keep track of all your expenses, payments, and income.

5 0

2 years ago

Difference between Private and public Company company

HACTEHA [7]

A private company, the company's stock, or its net is spread amongst few people, usually people close to the CEO/Owner.
A public company, the company's stock is available to purchase to anyone, and can be spread world wide.

8 0

3 years ago

Bramble Corp. has $3960000 of 9% convertible bonds outstanding. Each $1,000 bond is convertible into 30 shares of $30 par value

natta225 [31]

Answer: Credit of $217480 to Paid-in Capital in Excess of Par

Explanation:

The following information is given in the question as:

Debit: Bonds payable = $1,250,000

Debit: Premium on bonds payable = $92480

Credit: Common stock = $1,125,000

Credit: Paid in capital in excess of Par = $217480

The above were calculated as:

Common stock = ($1250,000/$1,000) × 30 × 30

= $1250 × 90

= $1,125,000

% Conversion will be:

= $1,250,000 / $3960000 = 0.32

Unamortized bond premium will then be:

= 0.32 × $289,000

= $92,480

Paid in capital in excess of par will be:

= $1,250,000 + $92,480- $1,125,000

= $217,480

Therefore, the answer will be to

"Credit of $217480 to Paid-in Capital in Excess of Par"

4 0

3 years ago

this type of business is made up of family members and close friends and are not allowed to sell their shares to the public.​

this type of business is made up of family members and close friends and are not allowed to sell their shares to the public.