Answer:
a) Feb. 1 Issued 8,000 shares of common stock for $48,000.
Dr Cash 48,000
Cr Common stock 32,000
Cr Paid-in Capital in Excess of Stated Value - Common Stock 16,000
Mar. 20 Purchased 1,600 additional shares of common treasury stock at $7 per share
Dr Treasury stock 11,200
Cr Cash 11,200
Oct. 1 Declared a 7% cash dividend on preferred stock, payable November 1.
Dr Retained earnings (4,800 x 100 x 7%) 33,600
Cr Preferred dividends payable 33,600
Nov. 1 Paid the dividend declared on October 1.
Dr Preferred dividends payable 33,600
Cr Cash 33,600
Dec. 1 Declared a $0.50 per share cash dividend to common stockholders of record on December 15, payable December 31, 2022.
Dr Retained earnings (398,400 x $0.50) 199,200
Cr Common dividends payable 199,200
Dec. 31 Determined that net income for the year was $450,000. Paid the dividend declared on December 1.
Dr Common dividends payable 199,200
Cr Cash 199,200
Dr Income summary 450,000
Cr Retained earnings 450,000
b) T-accounts
Common stock
debit credit
$1,600,000
$32,000
$1,632,000
Paid-in capital in excess of par value - common stock
debit credit
$768,000
$16,000
$784,000
Treasury stocks
debit credit
$64,000
$11,200
$75,200
Retained earnings
debit credit
$1,100,800
$33,600
$199,200
$450,000
$1,318,000
Preferred stocks
debit credit
$480,000
Paid-in Capital in Excess of Stated Value - Common Stock
debit credit
$24,000
c) Stockholders' equity section
Paid-in capital:
Preferred Stock (7%, $100 par $480,000
noncumulative, 8,000 shares authorized)
Paid-in Capital in Excess of Par $24,000 $504,000
Value - Preferred Stock
Common Stock ($4 stated value, $1,632,000
480,000 shares authorized)
Paid-in capital in excess of par $784,000 $2,416,000
value - common stock
Total paid-in capital $2,920,000
Retained Earnings $1,318,000
Treasury Stock (9,600 common shares) ($75,200)
Total stockholders' equity $4,162,800
d) payout ratio = dividends per share / EPS
dividends per share = $0.50
EPS = $1.04
payout ratio = $0.50 / $1.04 = 0.48 = 48%
EPS = (net income - preferred dividends) / weighted average shares outstanding
net income = $450,000
preferred dividends = $33,600
weighted average shares outstanding = 400,000 - 8,000 + (8,000 x 11/12) - (1,600 x 79/365) = 398,987
EPS = ($450,000 - $33,600) / 398,987 = $1.0436 ≈ $1.04
return on common stockholders' equity = (net income - preferred dividends) / average stockholder's equity
average stockholders' equity = ($3,404,800 + $3,658,800) / 2 = $3,531,800
return on common stockholders' equity = $416,400 / $3,531,800 = 0.1179 = 11.79%
According to the video, what tasks commonly are performed by Cashiers? Check all that apply.
creating advertisements
receiving money
totaling bills
giving receipts
delivering products to customers’ homes
weighing produce and bulk food
Answer:
receiving money
totaling bills
giving receipts
Explanation:
Cashiers are workers stationed at cash registers. Their role revolves around receiving money, issuing receipts, and disbursement of correct change as required. Cashiers work in many institutions, especially in the retail industry.
Cashiers' main task is to collect payment from customers. They have to be accurate when issuing receipts and giving back change. Cashiers have to reconcile their register at the end of the day.
Answer:
bcd
Explanation:
Which tasks are commonly done by employees in the Energy cluster? Check all that apply.
installing equipment
performing inspections
interpreting technical plans
manufacturing gauges
designing systems
following schedules
gathering information
PLEASE HURRY TIMED TEST I WILL GIVE 20 POINTS
Answer:
a, d, and e
Explanation:
Craig was scheduled to attend a meeting about a new project, but the flu kept him at home. What can Craig do to catch up on the outcome of the meeting once he has recovered?
Answer:
Read the minutes from the meeting
Explanation:
At every formal meeting, there someone assigned to take minutes of the proceedings. The minutes detail the discussion and resolutions made at the meeting.
Once Craig has recovered, he should make efforts to get a copy of the minutes. By reading the minutes, Craig will be up to speed with the outcome of the meetings.
I will give the right answer brainliest. Choose the option that best matches the description given.
_____ try to influence legislation and help human services organizations to achieve their goals.
1. Legislative aides
2. Lobbyists
3. Lawyers
Answer:
2. Lobbyists
Explanation:
A lobbyist is any individual or a group of individuals who communicates directly or indirectly with others to influence or attempt to influence the drafting, debate, vote, approval, or introduction of some legislation. In this context, a lobbyist may be a legislator trying to influence fellow legislators or any person who communicates with a legislator to advocate and promote the desires of human services organizations.
Answer:
Lobbyists
Explanation:
Mary is interested in investing in the stock market, but having studied the Great Depression in school, she is afraid she could lose all of her money. She reads through the finance pages of the newspaper and sees that unemployment has dropped to the lowest level it has been in the past ten years, new businesses are opening, housing sales are up because interest rates are level, and the national debt is decreasing. If the economy is her only concern about buying stock, should she buy stock?
A) The level of unemployment, the rise in new business starts, the increase in housing sales, and the decrease in national debt indicate that the economy is growing so it would be a good time to buy stock.B) In spite of all of the positive indicators, it is never a good time to buy stock.C) The stock market works independent of unemployment, business starts, housing sales, and the level of the national debt so these things will not influence the rise or fall of the market.D) Mary should not base her decision to buy stock on the factors indicated, she should base it solely on the consumer price index.
Answer:
A) The level of unemployment, the rise in new business starts, the increase in housing sales, and the decrease in national debt indicate that the economy is growing so it would be a good time to buy stock.
Explanation:
Mary should definitely buy stock. All the economic indicators that are doing well according to the financial paper are what is known as leading indicators: indicators whose tendency more or less predicts the tendency of the general economy in the short-term.
In other words, all the signs are indicating that the economy will continue to be strong for a good amount of time, time that Mary can use not only to buy stock, but also to reap the benefits from the stock.
How does Ana spend her time in seedfolks?
Answer:
B
Explanation:
Got it right on edg 2020
The end goal of budgeting is to plan and ____ organizational finances successfully?
A. justify
B. control
C.explain
D.increase
Answer:
B
Explanation:
Controlling is another organizational goal
1. The point at which quantity demanded and quantity supplied are equal:______
2. The financial and opportunity costs con- sumers pay in searching for a good or service:_____
3. A system of allocating scarce goods and services by criteria other than price:_______
4. A sudden drop in the supply of a good:_______
5. Any situation in which quantity supplied exceeds quantity demanded:________
6. Any situation in which quantity demanded exceeds quantity supplied:________
7. A government-mandated minimum price that must be paid for a good or service:_________
Answer:
1. Market Equilibrium, 2. Interest Rate, 3. Rationing, 4. Supply Shock, 5. Excess Supply, 6. Excess Demand, 7. Price Floor
Explanation:
1. The point at which quantity demanded and quantity supplied are equal: Market Equilibrium
2. The financial and opportunity costs consumers pay in searching for a good or service : Interest Rate
3. A system of allocating scarce goods and services by criteria other than price: Rationing
4. A sudden drop in the supply of a good: Supply (decrease - leftward shift) shock
5. Any situation in which quantity supplied exceeds quantity demanded: Excess Supply
6. Any situation in which quantity demanded exceeds quantity supplied: Excess Demand
7. A government-mandated minimum price that must be paid for a good or service: Price Floor (Minimum Support Price)
I have teechip im 14 trying to make money how do i make people buy my clothing and how do i promote it without money?
Answer:
you can advertise it through social media jazz your creativity too it will attract more attention if it is unique
While planning a new product launch, Cassandra knew that the art department was ready to work on the promotional pieces right away. But they are not able to start until the strategy group established the price point and the purchasing group obtained the paper needed to make the promotional piece. Establishing price points would take about a week and was dependent on manufacturing getting the costs to the strategy group. This was expected a week from today. The purchasing group indicated the paper could be obtained locally the same day it was requested. Based on this information and assuming things go according to plan, when will the art department be able to begin work on the promotional pieces?
A. 1 weekB. 1 monthC. 1 dayD. 2 weeks
Answer:
A. 1 week
Explanation:
This is true due to the fact that, Cassandra knew it would take about 1 week to establish the price point in the new product which she is planning to launch.
For the extra week it would have taken to get the paper could not hold again due to the fact that, it was already established that, it would take same day to get same paper rather than waiting for the paper to get to the strategy group in one week.
The owner of a small convenience store observed that almost all customers paid with credit cards regardless of whether they had cash available, resulting in significant processing charges for the store. The owner began to add a fifty-cent charge to credit card purchases under two dollars, and during the following month, virtually all customers used cash for small purchases while continuing to use credit cards for larger purchases. Nonetheless, during the month after the charge was instated, the average dollar amount of each cash transaction was almost identical to the average dollar amount of each credit card transaction.
The information in the passage most strongly supports which of the following?
A. The average dollar amount spent by customers who did not have cash available was higher after the charge was instated than it had been beforehand.
B. After the charge was instated, customers who used cash for purchases totaling two dollars or more spent more, on average, than customers who used credit cards for these purchases.
C. The average dollar amount spent in each cash transaction at the convenience store was lower after the charge was instated than beforehand.
D. A significant majority of purchases made at the convenience store during the month after the charge was instated were made using credit cards.
E. Prior to the charge, the average amount spent on credit card transactions was higher than the average amount spent on cash transactions.
Answer:
B. After the charge was instated, customers who used cash for purchases totaling two dollars or more spent more, on average, than customers who used credit cards for these purchases.
Explanation:
Since the average transaction remained almost unchanged, that means that customers who used to spend $2 or less are now spending more on average. Assuming that customers that purchase higher amounts didn't change their habits, the only way that the cash purchases equal credit card purchases is that people paying in cash buy more things.
E.g. there are 20 transactions worth more than $2 which are paid using a credit card, so the average transaction is more than $2. In order for cash purchase to have a similar mean, the some transactions will be less than $2 but other transactions must be higher in order to increase the mean of cash purchases: 15 cash transactions worth $1 and 5 cash transactions worth $6, mean cash transaction = $2.25.
refers to the buying and selling of products and services
through an electronic medium such as the internet
O E-commerce
O Money orders
O Telegraphic money transfers
M-money
Explanation:
E commerce refers to the buying and selling of products and services through an electronic medium such as the internet.
working on a song for someone I used to love
I'll go through all of the realities to find you
(If I need you)
Just so I can hold your hand...
Even if they think it's fake...
I want you to understand
that there's a certain miss
and a certain love
and a heartache in my chest
every time i hear your name
and im still lying in my bed
without you....
Answer: this is awsom do we have to add on or no but this is the best lyiric ever lol
Explanation: great job
Sue wants to work as a chemical engineer for either a large corporation or the government. What would you advise her to
do while she is earning her bachelor's degree to gain some real-world experience in the field of chemical engineering while still earning
college credits ?
a) Apply for a cooperative education experience, through her university, at a company or an agency that will provide her real work
experience in her field of study
b) Study hard and wait until she earns her degree to get experience
c) Take a job on campus working in the office typing papers for engineering professors
d) Take a part-time job working nights at a pharmacy
Answer:
A
Explanation: The most common reason tbh.
Answer: A
And just trust
Select the qualification that is best demonstrated in each example. Sonny spends a lot of time each day filing paperwork. Vikki prints multiple copies of a report for a meeting. Basil greets customers who visit his company. Asia schedules appointments for her boss.
Answer:
1. patience
2. office technology skills
3. verbal communication skills
4. organizational skills
Explanation:
Answer:here's the answer for this question
Explanation:edge2023
Ricardo is the human resources manager at Shafewn, an e-commerce site. He confirms the completion of the probationary periods of management trainees in the company only after each of them submits a report on the company's marketing strategies. In the reports, they are asked to evaluate the company's existing marketing strategies and suggest better ones. Ricardo shares the relevant and useful information from these reports with the marketing team of Shafewn. In the context of managerial roles, which of the following roles does Ricardo illustrate in this scenario?
A) The leader role.
B) The liaison role.
C) The disseminator role.
D) The monitor role.
Answer:
C) The disseminator role.
Explanation:
The disseminator role is the role where the communication of the information i.e. useful is communication to the team mate and the colleagues. Here the person is responsible for communicating the information with respect to the organization and its goals
So as per the given situation since Richardo shares the useful information i.e. relevant so this represents that Richardo having a disseminator role
Therefore the option c is corredct
James Smith recorded the following transactions during the month of April. Apr. 3 Cash 1,400 Service Revenue 1,400 16 Rent Expense 400 Cash 400 20 Salaries and Wages Expense 150 Cash 150 Post these entries to the Cash account of the general ledger to determine the ending balance in cash. The beginning balance in cash on April 1 was $1,900. (Post entries in the order of journal entries presented in the question.) Cash choose a transaction date enter a debit amount choose a transaction date enter a credit amount choose a transaction date enter a debit amount choose a transaction date enter a credit amount choose a transaction date enter a debit balance choose a transaction date enter a credit balance.
Answer and Explanation:
The computation of the ending cash balance with the help of the cash ledger is presented below:
Cash account
Date Particulars Amount Date Particulars AMount
April 1 Beg. Balance $1,900 April 16 Rent expense $400
April 3 Service revenue $1,400 April 20 Salaries & wages
expense $150
April 30 Ending balance $2,750
Following is a list of cost system characteristics and sample companies. Match each to either job order costing or process costing.
a. Companies that produce small quantities of many different products.
b. A company that pulverizes wood into pulp to manufacture carboard.
c. A company that manufactures thousands of identical files.
d. Companies that produce large numbers of identical products.
e. A computer repair service that makes service calls to homes.
f. A company that assembles electronic parts and software to manufacture millions of portable media players.
g. A textbook publisher that produces copies of a particular book in batches.
h. A company that bottles milk into one-gallon containers.
i. A company that makes large quantities of one type of tankless hot water heaters.
j. A governmental agency that takes bids for specific items it utilizes where each item requires a separate bid.
Answer:
Explanation:
Process costing can be regarded as a methodology in accounting that involves attributing cost to unit of production in different firms especially firm that are producing product that are homogeneous.
Job order costing can be regarded as
a system that occur when an order of purchase is made by consumer, it helps in way that the price of individual product is affordable by consumer.
a.Companies that produce small quantities of many different products.
(Job order costing)
b.A company that pulverizes wood into pulp to manufacture carboard.
(Process costing)
c.A company that manufactures thousands of identical files.
(Process costing)
d.Companies that produce large numbers of identical products.
(Process costing)
e.A computer repair service that makes service calls to homes.
(Job order costing)
f.A company that assembles electronic parts and software to manufacture
(Process costing)
millions of portable media players.
g.A textbook publisher that produces copies of a particular book in batches.
(Job order costing)
h.A company that bottles milk into one-gallon containers.
(Process costing)
i.A company that makes large quantities of one type of tankless hot water heaters.
(Process costing)
j.A governmental agency that takes bids for specific items it utilizes where each
(Job order costing)
.
True or False? Conditional formatting in Excel can make it difficult to identify data that satisfy certain conditions in a data set.
an online survey or _____?
Answer:
Study
Explanation:
A(n) _____ is the learned ability to do something. A(n) _____ is a natural talent or ability to excel at something. A(n) _____ is a quality or characteristic.
A. aptitude, trait, skill
B. aptitude, skill, trait
C. skill, trait, aptitude
D. skill, aptitude, trait
Answer: D. skill, aptitude, trait
Explanation:
A skill is the learned ability to do something which is why when a person is being trained they say the person is acquiring new skills.
Aptitude on the other hand is the natural born talent that a person has that enables them to excel at something.
A trait is simply a quality or characteristic that a person possesses.
Answer: D. skill, aptitude, trait
Explanation: took the quiz.
FIRST ANSWER GETS BRAINLIEST!
(If you answer with nonsense, brainliest will go to the other person)
Personal & Family Finance
You have closed an account due to fraudulent activity. What else should you do to BEST protect yourself?
A) Change all of your passwords and PINs.
B) Do not put anything about the closing of the account in writing.
C) Put a permanent credit freeze on your credit report.
Answer:
C
Explanation:
Answer:
A) Change all your passwords and pins
Explanation:
when you do this, you better secure your information to keep unwanted hackers out, if you change your passwords and pins, hackers will need to figure out what the new codes are
the answer is not C) put a perm freeze on your account- becuase though it does stop anyone from using your information to make new accounts, it also stops YOU from making any new accounts as well, a freeze can be a temporary fix -i.e. to buy you more time to secure things and figure out whats going on-, but not perminant
hpe this helps you out, sorry if im a little late on answering
Rose Martinez walked into her office and found a large, extravagant bouquet on her desk. Before she had time to read the card, her secretary said it was from Mr. Tanner at Zero Corporation. The secretary knew Mr. Tanner was trying to negotiate a sales deal with the company. Thus, she remarked that the beautiful flowers should help Ms. Martinez make her decision. Although Ms. Martinez did not know how to respond to Mr. Tanner's gift, she thought an answer might be in her company'sA) sales procedures.B) sales manual.C) employee handbook.D) code of ethics.E) sales training tapes.
Answer: D. code of ethics
Explanation:
Cofe of ethics are the principles that a company use in guiding its employees so that they can know what is either right or wrong according to the company. Code of ethics is typically used to guide workers and to protect them from doing anything that may portray the company in a bad image.
Since Ms. Martinez did not know how to respond to Mr. Tanner's gift, she thought an answer might be in her company's code of ethics. This will show her if collecting such gift is right or wrong.
. In 2000, KFC® and A&W® restaurants successfully merged because each had a strong
signature product: KFC’s fried chicken and A&W’s root beer floats.
Branding strategy used:
Explanation:
Co-branding is a form of branding that connects companies together. Essentially, co-branding is a marketing partnership between two or more businesses.
(a) Which one of the following which is an example of a non-financial objective for an
entrepreneur starting a new business?
Select one answer:
A Survival
B Profit
C Market share
D Independence
Answer:
D Independence
Explanation:
Entrepreneurs have more control over their lives. They choose what kind of business they want, where to locate it, and how to run it. Entrepreneurs are their bosses. They control their work-life balance a have greater independence than employees.
Many individuals start their businesses to regain control over their lives. The desire to have a more convenient and flexible work schedule and pursue one's goals is a big motivation for many entrepreneurs.
Which careers require a person to find independence in working alone?
Answer:
Visual Arts??
Explanation:
When they work on every visual art project, the artists want to be isolated and away from anyone. Few examples of visual artwork are architecture, craft, painting, and photography, and a lot more can be applied to this category. In any situation, though the artist likes solitude and being alone since it means that they are closer to nature, and can therefore rely more on their work that can be ruined by even the slightest flaw.
21. A small object is placed at right angles to the axis of a fixed concave
mirror so as to form (i) a real (ii) a virtual image, twice as long as the
object. if the radius of curvature of the mirror is 40cm, what is the
distance between the two images?
Ans: 60cm
om
chat and in ito
Answer: 60 cm
Explanation:
Given that:
Radius of curvature (R) = 40 cm
Radius of curvature is 2 tines the Focal length:
Focal length (f) = 40/2 = 20
Object distance = u
Image distance = v
Image (v) = 2u
1/v + 1/u = 1 /f
1/2u + 1/u = 1/20
(1 + 2) /2u = 1/20
3 / 2u = 1/20
2u = 60
u = 60/2
u = 30 cm
v = 2u
v = 2(30)
v = 60 cm
2.
What is selling? How can you apply this in your real life as a student?
Read each question and choose the best answer. "How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case."—Robert G. Allen, financial writer This quotation reflects what principle of investing? A. Higher risk usually offers higher potential return. B. Higher risk usually offers lower potential return. C. Greater liquidity usually offers higher potential return. D. Greater liquidity usually offers lower potential return.
Answer:
A.
Explanation:
This quote reflects the principle of investing that Higher risk usually offers a higher potential return. Savings accounts are probably the safest investments that an individual can make, where they hold their money in this account and the bank ensures this account while also providing interest on the amount held. This interest that is gained is extremely small and usually wouldn't even cover the average annual inflation rate. The average interest on these accounts is between 0.01% to 0.35% APY. Riskier investments have a much higher potential return from 7% APY to potentially above 100% APY.
Price elasticity of demand is a measure of how sensitive, or responsive,
are to change in price. *
A) Producers
B) Bankers
C) Consumers
D) Regulators
Answer:
hey.. follow me.. follow me.. follow me...
Explanation:
follow me follow me..