Explanation:
Debit Credit
Cash $84,000
Common stock $70,000
Paid-In Capital in Excess of Par Value $14,000
It's necessary to split the equity in two accounts because there is information about the par value
Promotion Expenses $49,000
Common Stock $3,500
Paid-In Capital in Excess of Par Value $45,500
It's necessary to split the equity in two accounts because there is information about the par value
Promotion Expensese $49,000
Common Stock $49,000
It's not necessary to split the equity in two accounts because there is no information about the par value
Cash $136,500
Preferred Stock $87,500
Paid-In Capital in Excess of Par Value $49,000
It's necessary to split the equity in two accounts because there is information about the par value
Answer:TRUE
Explanation:COERCIVE FORCE is a force applied to a person or a group of persons in order to make them carry out an involuntary action or actions. It is used by employers of labor in order to mandate their employees to carry out certain activities. All Employees are required by their employers to obey the rules and regulations guiding the establishment even when it is not based on the interest of the employees.
Answer:
$700
Explanation:
The computation of the average dividend amount paid is as follows:
Total net income for first four years is
= $6,000 + $4,000 + $7,000 - $3,000
= $14,000
And, the ending retained earning balance after 4 years is $11,200
So, the dividend payment would be
= $14,000 - $11,200
= $2,800
For per year it would be
= $2,800 ÷ 4 years
= $700
Answer:
21.29%
Explanation:
The computation of the internal growth rate is shown below:
But before that we need to determine the following calculations
Debt equity ratio js
= debt ÷ equity
The debt is 0.6 of equity
So,
= 0.6 × $8,600
= $5,160
Now
Total assets = Total liabilities + Total equity
= $8,600 + $5,160
= $13,760
Return on assets = Net income ÷ Total assets
= $3450 ÷ $13760
= 0.2507
Now as we know that
Retention ratio = 1 - payout ratio
= 1 - 0.3
= 0.7
And, finally
The Internal growth rate is
= (Return on assets × Retention ratio) ÷ [1 - (Return on assets × Retention ratio)]
= (0.2507 × 0.7) ÷ [1 - (0.2507 × 0.7)]
= 21.29%
