Answer: The correct answer is "2. Taking into account external reasons for the recent underperformance of a good salesperson".
Explanation: Knowledge should be applied in cases such as this, since in front of an employee who has poor performance we must take into account the external reasons that influence him and his performance, such as family problems, the death of a family member, etc.
Answer:
Option A is correct
Explanation:
The amount owed and the interest would be paid in six months' time ,hence,prior to that time,any interest incurred would be accrued for.
December 31 2021 is two months after the note payable agreement was reached ,as a result,there is need to record accrued interest for two months,November and December.
Interest accrued=$195,000*6%*2/12=$1950
Interest expense is debited while interest payable is credited
Answer: The answer is Yes. This is because you have a choice to accept or decline.
Answer:
$140,000
Explanation:
For computing the dividend to the common stockholders, first we have to find out the yearly dividend which is shown below:
= Number of shares × par value per share × dividend rate
= 25,000 shares × $10 × 8%
= $20,000
Dividend paid in 2011 would be
= 2009 dividend + 2010 dividend + 2011 dividend
= $20,000 + $20,000 + $20,000
= $60,000
Out of $2000,000, the $60,000 will be paid to preference stockholders and the remaining $140,000 will be paid to equity stockholders
Answer:
The Legume Division's net operating income last year was d. $45,000
Explanation:
Turnover (on operating assets) = Total Sales/ Operating assets
From the formula,
Operating assets = Total Sales/Turnover (on operating assets) = $900,000/3 = $300,000
Return on investment (ROI) is calculated by using following formula:
ROI = Net income/Total investment
Net Income = ROI x Total investment
At the Legumes Division of Gervani Corporation, Total investment = Operating assets = $300,000
Net Income = 15% x $300,000 = $45,000
