Answer:
B) unsought goods
Explanation:
The selling concept -
The concept of selling tells that the consumers will not buy enough any product of any firm unless and until it undergoes some large - scale selling and promotional efforts .
This concept is used for unsought goods , the goods those which the buyers do not normally think of buying , example insurance .
Answer:
$3.02 per share
Explanation:
The computation of the earning per share is shown below:
we know that
Earnings per share = (Net income - preferred dividend) ÷ Weighted average outstanding common shares
= ($2,150,000 - $70,000) ÷ 688,000 shares
= $3.02 per share
<u>Date Particulars No. of shares
</u>
01/01-31/12 610000 × 12 ÷ 12 (610000 × 1.04) $634,400
28/02-31/12 63000 × 10 ÷ 12 (52500 × 1.04) $54,600
01/07-31/12 (2000) × 6 ÷ 12 -$1,000
Weighted average outstanding common shares 688,000
I believe the answer is D!
Have a Warm and Wonderful Day!!
The amount of cash overage in the petty cash book as against the opening balance will be $0.85.
<h3>What is petty cash book?</h3>
A book, which has the chronological and systematic records of all the small and petty expenses and receipts of an organization, is known as a petty cash book.
The balance in petty cash book can be ascertained by the following method,
Hence, the petty cash book has an overage of $0.85 for the month of September.
Learn more about petty cash book here:
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Answer: The answer is b $534,400
Explanation:
$
Net income. 330,000
Depreciation expense. 46,500
Increase in prepaid insurance. 3,900
Changes in operating Asset and Liabilities
Decrease in inventory. 34,500
Increase in Account Receivable. 63,000
Increase in salaries payable. 56,500
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Net operating cash flow. 534,400
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