Answer:
if you are only picking one the answer is C if you are picking multiple it is B and C
Answer:
Sept 1,
DR Stock dividends $52,500
CR Common stock $9,000
CR Additional paid in capital $43,500
Sept 1,
DR Stock dividends $90,000
CR Common stock $90,000
Sept 1,
No journal entry required.
<u>Workings</u>
Small Dividends
<em>Stock dividends</em>
= 15,000 * 10% * $35
= $52,500
<em>Common stock </em>
= 15,000*10%* $6
= $9,000
<em>Additional paid in capital</em>
= 52,500 - 9000
= $43,500
Large Dividends
<em>Stock dividends</em>
= 15,000 * $6
= $90,000
<em>Common stock </em>
= 15,000 * $6
= $90,000
<em>No entry for stock splits.</em>
Answer: See explanation
Explanation:
a. . Compute the sales for November.
This will be:
= ($96,000 - $78,800) / 10%
= $17200 / 10%
= $17200/0.1
= $172,000
b. Compute the sales for December.
This will be:
= $78800 / (10% + 30%)
= $78800 / 40%
= $78800 / 0.4
= $197000
c. Compute the cash collections from sales for each month from January through March.
January cash collection:
= ($172000 × 10%) + ($197000 × 30%) + ($135000 × 60%)
= $17200 + $59100 + $81000
= $157300
February cash collection:
= ($197000 × 10%) + ($135000 × 30%) + ($152000 × 60%)
= $19700 + $40500 + $91200
= $151400
March cash collection:
= ($135000 × 10%) + ($152000 × 30%) + ($167000 × 60%)
= $13500 + $45600 + $100200
= $159300
Answer:
The answer is below
Explanation:
i) The price elasticity of demand is given by the formula:
Since the price elasticity of demand is greater than 1 hence it is elastic
ii) Since the price elasticity of demand is elastic as a result of increase in fare, hence the total revenue would decrease.
iii)
Since the price elasticity of demand is greater than 1 hence it is elastic
