Answer:
True.
Explanation:
Higher level professions are professions occupied by professionals who think strategically and carry out their duties by adhering to the ethical standards that governs their profession. Examples are medical practitioners, engineering, accountant and pilot. All these requires in-depth knowledge , good skill and special training because of the technical nature of the profession.
Having a degree is not enough to deliver on these professions because of their complexities. These professionals must adhere to the ethical standard that governs their profession and also hold themselves out of having the required training, knowledge and experience .
Take for instance a pilot who controls a plane. Asides having the required education, he would undergo special trainings on how to fly planes. He must also have the skills and experience of flying before being certified to fly people because of the risky nature of the profession.
The above example also applies to a doctor. He would undergo trainings depending on his area of specialization and must have knowledge before being certified to work as a doctor. The reason is that he is dealing with lives hence must possess the the required skills and experience.
Answer:
The answers are:
<u>January 10</u>
Cash $816,000
Common stock $510,000
Contributed capital in excess
of par value, common stock $306,000
<u>January 15</u>
Equipment $80,000
Common stock $50,000
Contributed capital in excess
of par value, common stock $30,000
<u>February 1</u>
Organizational expenses $3,000
Common stock $25,000
Contributed capital in excess
of par value, common stock $500
Explanation:
Contributed capital in excess of par value is the amount of money (or other assets) over the par value of stock (in this case $5 per common stock) that the company received form shareholders in exchange for stock.
Answer:
A. economic
Explanation:
Economic environment -
It consists of all the economic factors that can affect the economic market , consumers behavior , is referred to as the economic environment .
These factor are capable to alter any business .
Any changes in the monetary value , like cash , income , savings and interest rate can alter the economic environment as well .
Hence , from the given information of the question,
The correct option is A. economic environment .
Answer:
$181,600
Explanation:
The computation of total cash is shown below:-
Working Note :-
Credit sales of December
= $42,000 ÷ 50%
= $ 84,000
Credit sale of November
= $23,000 ÷ 10%
= $ 230,000
Cash Collected from Credit sales
For January
= $150,000 x 50%
= $75,000
For December
= $84,000 x 40%
= $33,600
For November
= $230,000 x 10%
= $23,000
Total Cash collections from Credit sale = January + November + December
= $75,000 + $33,600 + $23,000
= $131,600
Cash sale of January = $50,000
Total Cash collected in January = Total Cash collections from Credit sale + Cash sale of January
= $131,600 + $50,000
= $181,600
