How does finance impact them? In other words, can a business efficiently run without everyone having some knowledge of the field? Explain. There are other areas of business, such as marketing, human resources, and management. What is finance? Briefly discuss how the study of finance is essential to business today. Please answer the following 4 questions, each answer should be 200 words in length. Prepare the journal entries required on July 31, August 15 and August 25 (2.5 Marks). This company has 500,000 shares authorized and 100,000 shares outstanding. The cash dividend will be paid on August 25. On July 31, a company declared a cash dividend of $0.25 per common share to the shareholders of record on August 15. What are the characteristics of corporations (2.5 mark).Q4. Prepare ABC Company's general journal entry to record the payment of the note on Septem(2.5 marks).
Prepare ABC Company's general journal entry to record the issuance of the note payable c. What is the total amount of interest to be paid on this note? b.
Here is a table of units produced each year: First Second Third Fourth Fifth 23,000 25,000 - 30,000 22,000 3- Double Declining Balance Method (2.5 Marks).Q2- On June 1, 2019, ABC Company signed a $25,000, 120-day, 6% note payable to cover a past due account payable. purchased a machine in 2013 for 50,000 that has a useful life of 5 years with a salvage value of 5,000.Calculate the depreciation expense, accumulated depreciation, book value throughout its useful life using:1- Straight-line Method.2- Units of Production Method if the machine produces 100,000 units.
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