Answer:
Balance of Stockholder's Equity at December 31 is $1,910,000.
Explanation:
This will appear as follows
Idaho Company
<u>Details $ </u>
Stockholder's Equity:
Common Stock 525,000
Preferred Stock 500,000
Additional Paid-In Cap. - Common Stock 625,000
Additional Paid-In Cap. - Preferred Stock 50,000
Treasury Stock (40,000
)
Retained Earnings <u> 250,000 </u>
Balance at December 31 <u> 1,910,000 </u>
Explanation:
The Journal Entry for 3 May is as shown below:-
Allowance for Doubtful Accounts Dr, $2,000
To Accounts Receivable A. Hopkins $2,000
(Being the write off is recorded)
Therefore for passing the journal entry we simply debited allowance for doubtful account and credited the accounts receivable)
Answer:
The answer is: D) All of the above
Explanation:
The person in charge of paying invoices (usually the treasurer of the company) should always make sure that:
- The invoice is consistent with the purchase order.
- The seller has actually delivered the goods included in the purchase order.
- The payment for the purchase order is still pending.
Most modern Enterprise Resource Planning software (like SAP) include all the necessary steps that need to be checked before any payment goes out.
Answer:
The correct answer is strategic business unit multidivisional.
Explanation:
An organizational structure provides a framework for the chains of authority within the company. It also provides a systematic means to carry out the daily operations of the company, as well as a way to deal with the problems, issues and challenges that arise. An organizational chart also clarifies the areas of responsibility assigned to specific departments and directors, thus illustrating how official chains of command work within the organization. A well-conceived organizational chart can help shape the management of the organization, while serving as a visual representation of how departments and people relate to each other within the company.
Answer: Group A
Explanation:
Price Elasticity of demand refers to the sensitivity of quantity demanded given a change in price. In other words, how much will quantity demanded change if price changes. Higher elastcities mean that when prices change, their quantity demanded changes more. For instance, an elasticity of demand of 2 means that when prices rise by 2%, demand will decrease by 4%.
The group that will be paying the most therefore will have to be the group that is least sensitive to paying that high price. That would be Group A. As they are not very sensitive to price changes with an elasticity of 0.2, the Monopoly can increase their price to a higher point than others knowing that they won't demand less goods.
