Answer:
Aids to trade includes Transport, Communication, Warehousing, Banking, Insurance, Advertising, Salesmanship, Mercantile agents
Explanation:
Trade promotion organizations in a country and Global organizations for international trade. These important auxiliaries ensure a smooth flow of goods from producers to the consumers.
Answer:
d) 515 shares valued at $29.13/share
Explanation:
The computation is shown below:
As we know that the stock dividend does not rise the value of the stock
The number of shares in the given case is
= 500 shares × 1.03
= 515
Now the price would decrease to
= $30 ÷ (1 + 0.03)
= $29.13
hence, the correct option is d as farrah owns 515 shares that valued at $29.13 per share
The same is relevant
Answer:
b. debit to Vacation Pay Expense for $16,400.
Explanation:
current month's accrued = total current's vacaction cost/12
= $196,800/12
= $16,900
Adjusting journal entry will be:
Dr Cr
vacation pay expenses $19,600
to vacation payable $16,900
Therefore, The journal entry to record the adjusting entry required on December 31 to record the current month's accrued vacation pay will include a debit to Vacation Pay Expense for $16,400.
Answer:
Marjam's entry to record this transaction should include a c. Credit to Long-Term investments for $63,600.
Explanation:
Marjam investment in MacKenzie is a Financial Asset. A financial Asset is an obligation to receive cash.
Marjam will be paid a cash dividend based on the share of ownership it has in MacKenzie.
Share of Ownership = 63,600 shares/ 120,000 outstanding shares
= 53%
<u>Marjam's entry to record cash dividends is as follows </u>
Dividend = $120,000 × 53%
= $63,600
Debit : Bank $63,600
Credit : Long-Term investments $63,600