Answer:
General Ledger Dr. Cr.
1. Cash $65,940
Sales Tax Payable $3,140
Sales $62,800
2. Cost of Goods Sold $37,500
Merchandise Inventory $37,500
3. Sales Tax Payable $39,650
Cash $39,650
Explanation:
Sales tax is subject to 5% which is
Sales Tax = $62,800 x 5% = $3,140
Total Cash received = $62,800 + $3,140 = $65,940
Cost of the merchandise sold is recorded in the cost of goods sold account.
Tax is paid in cash and Tax payable liability is reduced by a debit entry.
Answer:
A) $0.40
Explanation:
Stock split implies that a single share is divided into multiples which means that 4:1 stock split means that after the stock a single share prior to the stock split is divided into 4.
Total dividend per share expected next year=$6.40
Now that a single share now commands 4
Revised dividend per share expected next year=$6.40*1/4=$1.60(annual dividend)
quarterly revised per share dividend expected in the coming year=$1.60/4=$0.40
Hi there!
Investors who put their own money into a startup are known as angel investors. Also, they are usually family or friends but don't have to be.
The closest answer to angel investors is C. Angels.
I hope that helps u! :)
<span>Microcredits are usually small which is why they're micro. That's why the correct answer is B. start a small business out of ones home. This is usually a small amount of money, for example, enough to buy a sewing machine and supplies that you need to be a tailor or something similar. The other options often include large sums of money.</span>
