Which of the following is a characteristic of a corporation?

Which of the following is an example of a non-profit organization?

Anna007 [38]

Answer: Salvation army

Explanation: Non profit organisations are those organisation, which perform their operation with the objective of social welfare or charity.

Salvation army is a charitable organisation having more than 1.7 million members all over the world, whom they refer to as soldiers. This organisation mainly serves to the poor and hungry.

Thus, we can conclude that the right option is D.

8 0

3 years ago

When preparing a journal entry for a transaction that affects retained earnings, the "Retained Earnings" account should not be d

yarga [219]

Answer:

True

Explanation:

Retained earnings are the net earnings of an entity accumulated over time after payment of dividend. It is that part of earnings that is retain for expansion by the entity.

Generally, retained earnings are not changed by direct posting except it is prior year adjustment. in some entities, the amount that is transferred to retained earnings is system generated. Most transactions that affect retained earnings are debited or credited to account which ultimately affects retained earnings

4 0

3 years ago

Preparing the statement of cash flows Polk Street Homes had the following cash transactions for the month ended July 31, 2018.Ca

MrRissso [65]

Answer:

Explanation:

The preparation of the Cash Flows from three Activities - Direct Method is shown below:

Cash flow from Operating activities

Cash receipts:

Collections from customers $25,000

Less: Cash payments:

Rent -$500

Utilities -$2,000

Salaries -$1,500

Net Cash flow from Operating activities $21,000

Cash flow from Investing activities

Purchase of equipment -$25,000

Net Cash flow from Investing activities -$25,000

Cash flow from Financing activities

Issued common stock $13,000

Less: Payment of cash dividends -$4,000

Net Cash flow from Financing activities $9,000

Net Cash flow from Operating activities $21,000

Net Cash flow from Investing activities -$25,000

Net Cash flow from Financing activities $9,000

Net increase (decrease) in cash for the year is $5,000

Add: Cash balance, July 1, 2018 $14,000

Cash balance, July 31, 2018 $19,000

6 0

3 years ago

The total book value of WTC’s equity is $13 million, and book value per share is $20. The stock has a market-to-book ratio of 1.

lisabon 2012 [21]

Answer:

5.38 %

Explanation:

WACC = Cost of Equity x Weight of Equity + Cost of Debt x Weight of Debt

where,

Cost of Equity = 9.00 % (given)

After tax Cost of Debt = 6% x (1 - 0.21) = 4.74 %

Market Value of Equity = 1/5 x $13 million = $2.6 million

Weight of Equity = $2.6 million / $11.6 million = 0.22

Weight of Debt = $9 million / $11.6 million = 0.76

therefore,

WACC = 9.00 % x 0.22 + 4.74 % x 0.76

= 5.38 %

thus

the company’s WACC is 5.38 %

5 0

3 years ago

cite three real life situations where quadratic equations are illustrated. Formulate quadratic equations out of these situations

NISA [10]

Answer:

I want to know the sides of a pizza if the width is 9 inches larger than the height and the area is 250 squared inches.

My brother wants to know how long his bed is if it has an area of 2m and the width is .5m larger than the height.

My father wants to know whats the size of a football field if the area is 57,600 square feet given that the length is 200 ft larger than the width.

Explanation:

To solve this you just have to think on the unknown value and represent it as "X" in the first problem we do not know the length or width but we have a values given between them, so if "x" is the height then the width becomes "x+9" so those two values multiplied become the area.

$x(x+9)=250\\x^{2} +9x=250\\x^{2} +9x-250=0\\$

With this you just keep solving the others.

My brother wants to know how long his bed is if it has an area of 2m and the width is .5m larger than the height.

2m as an area and the height is "x"

$x(x+-5)=2\\x^{2} +.5x=2\\x^{2} +.5x-2=0\\$

My father wants to know whats the size of a football field if the area is 57,600 square feet given that the length is 200 ft larger than the width.

57,600 is the area and width will be "x"

$x(x+200)=57,600\\x^{2} +200x=57,600\\x^{2} +200x-57,600=0\\$

7 0

3 years ago