Explanation

Preferred stock is a different type of equity that represents ownership of a company and the right to claim income from the company's operations.

Preferred stockholders have a higher claim on distributions (e.g. dividends) than common stockholders.

Explanation

The range of probability for each event lies between 0 and 1.

This means that the probability of any event can be a value from 0 (impossible event) to 1 (certain event).

Explanation

The general reserve can be distributed among the shareholders.

The general reserve can be used for the distribution of dividends among shareholders when profit is insufficient.

Reserves and surpluses are shown on the liabilities side of the balance sheet.

Explanation

To have sufficient audit evidence means to have enough of it to support an opinion on the financial statements.

For example, if an auditor has sufficient audit evidence to express an unmodified opinion then this would mean that they are reasonably sure that the financial statements are free of any material misstatements.

Explanation

Strategies are developed by visionary managers in strategically managed entrepreneurial mode.

According to Mintzberg (1973), there are three basic modes of strategic planning.

These were termed by him as:

entrepreneurial mode,

adaptive mode,

and planning mode 

Explanation

Step 1: Define Variables

Let X be the total number of employees in the company.

Step 2: Express the Given Information in Terms of X

• Accounting department:1/10 X
• Sales department: 2​/5X
• Production department:1​/3X
  
• Marketing department: 20 employees (given)

Step 3: Form the Equation

Since the sum of all employees equals the total number $X$, we write:

1/1​0X+2​/5X+1​/3X+20=X

Step 4: Find the Least Common Denominator (LCD)

The denominators are 10, 5, and 3.
The LCD of 10, 5, and 3 is 30.

Rewriting each fraction:

1/1​0X=3./3​0X$$frac{2}{5}X = frac{12}{30}X$$1/3​X=10/30​X

Thus, the equation becomes:

3/3​0X+12​/30X+10​/30X+20=X $$frac{25}{30}X + 20 = X$$

Step 5: Solve for X

Rearrange the equation:

20=X−25​/30X
20=5/30​X $$20 = frac{1}{6}X$$

Multiply both sides by 6:

$$X = 120$$

Explanation

Explanation

Liabilities are Obligations.

Liabilities are the debts that a business owes to third-party creditors.

ND5-09-2023

Explanation

Goods returned by the customer should be debited to the Return inward account.

The journal entry for the above transaction will be

Return inwards/ sales return a/c      Dr.

   To Debtors a/c

Therefore, it will be debited to return the inward account.

ND5-09-2023

Explanation