Answer: C $6,000
Explanation:
Accounting profit = Revenue - Explicit Cost
Revenue = 6000 × 2.5 = $15,000
Explicit Cost = $ 9,000
Accounting profit = $15,000 - $ 9,000 = $6,000
Answer:
Debit Advertising expense $916.67
Credit Prepaid Advertising $916.67
Being entries to recognize advertising expense incurred for 5 months.
Explanation:
When an amount is paid in advance, the entries posted are
Debit Prepaid Advertising
Credit Cash account (with the amount prepaid)
As the expense is incurred, entries required would be
Debit Advertising expense
Credit Prepaid Advertising (with the amount incurred)
Expense incurred in 5 months
= 5/6 × $1100
= $916.67
Hence the entries required will be
Debit Advertising expense $916.67
Credit Prepaid Advertising $916.67
Being entries to recognize advertising expense incurred for 5 months.
Answer:
a) Approval of stockholders
Explanation:
a) Approval of stockholders
dividend is a payment which is paid to the investor or stockholder in the form of assets, stocks,or in cash. the total amount paid to the stockholder is according the percentage of ownership as stock and reason for giving cash dividend is to give return for their investment in company.
The total procedure for paying cash dividend is totally based on corporate law of that particular state in which your stock is invested.
Answer: Objective
Explanation:
According to the given question, the company is only sets the main target on the basis of given requirement but does not provide any other details.
So, this organizational goals is known as the objective goals as it sets the main effective objective without providing any other details.
The main purpose of the objective goals is to developing the main policies related to sales and progress in an organization by setting the main aim of the company. Therefore, Objective is the correct answer.