Choose the term that best matches the description given.

Which of the following federal agencies is responsible for enforcing title V2 of the civil rights act

svp [43]

The <span>Equal Employment Opportunity Commission (EEOC).</span>

3 0

4 years ago

Green Planet Corporation has 6,000 shares of noncumulative 11% preferred stock with a $2 par value and 21,900 shares of common s

galben [10]

Preferred dividends = preferred shares x Par value of 1 preferred stock x Preferred dividend rate

Preferred dividend = 6000 shares x 11% x $2 = $1320

Total dividend paid in year 1= $640

Preferred stockholders will receive a cash dividend of $640 in the first year. Because preferred stocks are not cumulative, there will be no preferred stock divided in arrears in year 1.

Arrear of dividends = $1320 - $640 = $680

Total dividend in year 2 = $2190

Dividend paid on common stock in year 2 = dividend paid in year 2 - Annual preferred dividends

=> 2190 - 1320 = $870

5 0

2 years ago

Sparks Corporation has a cash balance of $15,300 on April 1. The company must maintain a minimum cash balance of $12,500. During

Tcecarenko [31]

Answer:

A. Cash borrow = $7,700

Explanation:

Given,

The company must maintain a minimum cash balance of $12,500.

We know,

Ending cash balance = Beginning cash balance + Cash receipts - Cash disbursements + Cash borrow

Given,

Ending cash balance = $12,500

Beginning cash balance = $15,300

Cash receipts = $61,000

Cash disbursements = $71,500

Cash borrow = ?

Putting the values into the formula, we can get

$12,500 = $15,300 + $61,000 - $71,500 + Cash borrow

Or, $12,500 - ($15,300 + $61,000 - $71,500) = Cash borrow

Or, $12,500 - $15,300 - $61,000 + $71,500 = Cash borrow

Or, $84,000 - $76,300 = Cash borrow

Or, $7,700 = Cash borrow

Or, Cash borrow = $7,700.

Therefore, Option A is the answer.

3 0

4 years ago

Gomez Corp. uses the allowance method to account for uncollectibles. On January 31, it wrote off an $800 account of a customer,

Nikolay [14]

Answer:

Explanation:

The journal entry is shown below:

On March 9

Cash A/c Dr $300

To Account receivable - Green A/c $300

(Being the cash received is recorded)

For recording the cash receipts we debited the cash account and credited the account receivable account so that the correct posting can be done

All other information which is given is not relevant. Hence, ignored it

8 0

3 years ago

Chuy wants to buy a new television. The television costs $1,350. Chuy decides to save the same amount of money each

worty [1.4K]

Answer: we can conclude Chuy plans to save $55 a week

Explanation:

3 0

3 years ago

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