Answer and Explanation:
The Journal entry is shown below:-
1. Sales revenue Dr, $226,700
To Income revenue $226,700
(Being close accounts with credit income balances is recorded)
2. Income revenue Dr, $134,010
To Sales discount $4,410
To Cost of goods sold $129,600
(Being close accounts with debit expenses account is recorded)
Answer:
control
Explanation:
Control -
It is the process , by which the task is regulated in order to complete it efficiently .
The guides and the regulating bodies are responsible for the various activity involved for the task management .
Any alterations needed for the task is in the hands of the regulating bodies.
Hence , from the information of the question,
The correct term is control .
Answer:
The current stock price is $13.60
Explanation:
D1 = $0.53
D2 = $0.58
D3 = $0.73
D4 = $1.03
Growth rate, g = 3.60%
Required return, r = 10.00%
D5 = D4 * (1 + g)
D5 = $1.03 * 1.036
D5 = $1.06708
P4 = D5 / (r - g)
P4 = $1.06708 / (0.10 - 0.036)
P4 = $16.673125
P0 = $0.53/1.10 + $0.58/1.10^2 + $0.73/1.10^3 + $1.03/1.10^4 + $16.673125/1.10^4
P0 = $13.60
So, current stock price is $13.60
Answer:
The Journal Entry with narration is shown below:-
Explanation:
Data provided as per the question
Reissued shares = 800
Market rate per share = $19
Trading per share = $16
The Journal Entry is shown below:-
Cash Dr, $15,200
(800 × $19)
To treasury stock $12,800
(800 × $16)
To Paid-in capital $2,400
(800 × $3)
(Being cash is recorded)
The incumbent mayor of Brisbane is Graham Quirk, a Liberal National.