Answer:
$2,000
Explanation:
The dividend here can be calculated using the following formula:
Dividend paid = (Closing Retained Earnings - Opening Retained Earnings + Profit for the year)
Here,
Closing Retained Earnings is $157,000
Opening Retained Earnings is $65,000
And
Profit for the year is $94,000
By putting values, we have:
Dividend paid = $65,000 + $94,000 - $157,000
= $2,000
Answer:
The answer is option B) During the election phase on union certification efforts: Management has the upper hand because unions are not permitted to communicate with workers within seven days of the election.
Explanation:
During the election phase on union certification, management is very keen on influencing the process to their benefit because they know that once a union is certified for a group of employees, the union becomes their exclusive bargaining agent.
Since management views the union as a rival organization in the company that could challenge them is need arises, they put structures pre election structures such as: unions are not permitted to communicate with workers within seven days of the election.
Answer: The maturity value of the note is $5,66,533.
We can arrive at the answer with the steps below:
The formula we use to calculate Maturity Value is:
In this question,
Principal = $560,000
Interest = 7% per year
Time period = 60 days.
Number of days in a year = 360 days (given in the question).
Substituting the value of the time period calculated above in the Maturity Value formula we have:
Maturity Value = $560,000 × (1+(0.07×60/360))
Maturity Value = $560,000 × (1+(0.07×1/6))
Maturity Value = $560,000 × 1.011666667
Maturity Value = $566533.3333
The difference between the debt side and the credit side is
1900-1100=800
And since the debt side 1900 is more than the credit side 1100 so the balance of 800 in the debt side
Answer:$81,000
Explanation:
Sales is $145,000
Less:
Cost of goods sold is purchases less closing inventory
$88,000 - $24,000
= $64,000
Gross profit = $145,000 - $64,000
= $81,000