Answer and Explanation:
The computation of percent of annual net sales generated each quarter by Company A and B is shown below:-
First Second Third Fourth
Quarter Quarter Quarter Quarter
a. Company A annual
net sales percentage 24% 23% 26% 27%
($186,111 ÷ $780,326) ($177,537 ÷ $780,326) ($203,070 ÷ $780,326) (213,608 ÷ $780,326)
b. Company B annual
net sales percentage 16% 15% 26% 43%
($84,896 ÷ $546,165) ($83,796 ÷ $546,165) ($142,137 ÷ $546,165) ($235,336 ÷ $546,165)
So, for computing the percent of annual net sales generated each quarter by Company A and B we simply divide the Net sales of every quarter by Net sales of Year same for Company B.
a. The computation of the percent of annual net sales by Company A are as follows:
Quarter 1 = 24% ($186,111/$780,326 x 100)
Quarter 2 =23% ($177,537/$780,326 x 100)
Quarter 3 = 26% ($203,070/$780,326 x 100)
Quarter 4 = 27% ($213,608/$780,326 x 100)
b. The computation of the percent of annual net sales by Company B are as follows:
Quarter 1 = 16% ($84,896/$546,165 x 100)
Quarter 2 =15% ($83,796/$546,165 x 100)
Quarter 3 = 26% ($142,137/$546,165 x 100)
Quarter 4 = 43% ($235,336/$546,165 x 100)
Data and Calculations:
(Amounts in Thousands)
First Quarter Second Quarter Third Quarter Fourth Quarter Year
Company A:
Net sales $186,111 $177,537 $203,070 $213,608 $780,326
Gross profit 55,457 53,643 64,024 69,374 242,498
Company B:
Net sales $84,896 $83,796 $142,137 $235,336 $546,165
Gross profit 53,900 52,983 66,018 104,961 277,862
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What is market environment
Answer:
The market environment is the combination of external and internal factors that affect a company's ability to establish a relationship with and serve its consumers.
Explanation:
The internal factors relate to the company itself, such as owners, workers, materials, components, etc.
The external factors are divided into macro and micro components. The macro component is the broad environment which includes societal forces that affect society as a whole. The micro component is task-related, which includes factors that influence the production, manufacturing and distribution of a product or service.
price elasticity of demand for electricity
The price elasticity of demand for electricity reflects the sensitivity of electricity consumption to price changes.
The price elasticity of demand for electricity is a measure of the responsiveness of electricity consumption to changes in its price. It is calculated as the percentage change in quantity demanded divided by the percentage change in price.
Understanding the price elasticity of demand for electricity is important for policymakers, electricity providers, and regulators in making informed decisions.
In the short run, the price elasticity of demand for electricity tends to be relatively low or inelastic. This means that changes in the price of electricity have a relatively small effect on the quantity demanded.
Electricity is considered a necessary and essential good for many households and businesses, and there are limited substitutes available in the short run.
In the long run, the price elasticity of demand for electricity becomes more elastic. Consumers and businesses have more flexibility to respond to price changes by adjusting their behavior, investing in energy-efficient technologies, or switching to alternative energy sources.
The availability of substitutes and technological advancements play a significant role in increasing the elasticity of demand over time.
It is important to note that the price elasticity of demand for electricity can vary across different consumer segments and regions. Industrial and commercial consumers often have more options to adjust their electricity consumption patterns and tend to have a higher elasticity of demand.
Residential consumers, on the other hand, may have fewer alternatives and exhibit a lower elasticity of demand.
It helps policymakers and stakeholders anticipate the impact of price fluctuations and design effective policies related to pricing structures, subsidies, energy efficiency programs, and the promotion of renewable energy sources.
Understanding the price elasticity of demand for electricity is crucial for balancing economic, environmental, and social goals in the energy sector.
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Using the interest method, the journal entry to record the first interest payment and the related amortization for bonds issued at a discount includes a __________ to __________.
debit; Discount on Bonds Payable
credit; Discount on Bonds Payable
credit; Interest Expense
debit; Cash
Superior Micro Products uses the weighted-average method in its process costing system. Data for the Assembly Department for May appear below:
Materials Labor Overhead
Work in process, May 1 $14,550 $23,620 $118,100
Cost added during May $88,350 $14,330 $71,650
Equivalent units of production 1,200 1,100 1,100
Required:
Compute the cost per equivalent unit for materials, labor, overhead, and in total.
Answer:
Cost per Equivalent units
$85.75 $34.50 $172.50 $292.75
Explanation:
Computation for the cost per equivalent unit for materials, labor, overhead, and in total
Materials Labor Overhead
Work in process, May 1 $14,550 $23,620 $118,100
Cost added during May $88,350 $14,330 $71,650
Total (a) $102,900 $37,950 $189,750
Equivalent units of production (b) 1,200 1,100 1,100
Cost per Equivalent units (a/b)
$85.75 $34.50 $172.50 $292.75
Therefore the cost per equivalent unit are:
Materials =$85.75
Labor = $34.50
Overhead =$172.50
Total = $292.75
If you contributed the full 6% of your $50,000 salary (the amount your company will match), what would be your monthly contribution to the 401(k)? What would be your employer’s contribution?
Answer:
Monthly contribution $6,000
Employers contribution $3,000
Explanation:
The employee contributions would be 6% of $50,000
=6/100 x $50,000
=0.06 x $50,000
=$3,000
If the employer matches the employee contribution, the employer will also contribute $3,000
The total employee monthly contribution would be $3000 + $3000= $6000
Employer contribution will $3000
Philosopher T.M. Scanlon makes four points about why we should be concerned with economic inequality. What did you think of his arguments? Are there any you find convincing? Explain your position.
Answer : yes , i find the following scriptures by philosopher convincing:
T.M. Scanlon, a philosopher, has made several points about why we should be concerned with economic inequality.
Fairness and Desert: Scanlon argues that economic inequality is a concern because it can violate principles of fairness and desert. He suggests that individuals should be rewarded based on their contributions and efforts rather than arbitrary factors like birth circumstances. This perspective implies that extreme economic disparities can undermine fairness in society.
Democratic Equality: Scanlon contends that economic inequality can undermine democratic equality by allowing the wealthy to exert undue influence over political decisions, potentially distorting democratic processes. This argument highlights the potential threat to the principle of political equality when wealth disparities are significant.
Social and Economic Power: Scanlon argues that economic inequality can lead to the concentration of social and economic power in the hands of a few, creating disparities in opportunities and social mobility. This perspective suggests that unequal distribution of resources can limit equal access to education, healthcare, and other important social goods.
Social Cohesion and Shared Identity: Scanlon posits that extreme economic inequality can erode social cohesion and undermine the sense of shared identity within a society. When there is a significant gap between the rich and the poor, it can lead to social divisions, conflicts, and a sense of alienation among different groups.
The persuasiveness of these arguments may vary depending on an individual's beliefs, values, and political ideology. Some may find Scanlon's points compelling, as they highlight the potential negative consequences of economic inequality on fairness, democracy, social mobility, and societal cohesion. Others may have different perspectives, emphasizing the importance of individual freedom, market dynamics, and the potential benefits of incentives provided by economic inequality.
It's crucial to engage in thoughtful discussions and consider multiple viewpoints to foster a comprehensive understanding of the complex issue of economic inequality.
What happens if my mission statement changes in the future?
It doesn't matter, things changes and people changes but atleast if it changes it should change for the BETTER.
Good luck ✅.
Describe the environments forces that affects logistics companies ability to save its customers
Environments forces such as climate change, natural disasters, and pollution levels may have an impact on the supply chain or cause raw material prices to rise, which affects logistics companies ability to save its customers.
The physical characteristics of the environment also have an impact on how businesses operate. Environmental influences include temperature, food, pollutants, population density, sound, light, and parasites. Many other types of stress may have effects similar to those produced by the various environmental pressures that have been shown to induce asymmetry.
Pollution can disrupt supply chains and raise raw material prices. In order to avoid these occurrences, businesses must monitor them and develop backup plans. PESTEL analysis is a well-liked framework for categorising these trends and factors and determining how they affect particular industries and the businesses that operate inside them.
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00 For Market failures means that the market has not achieved its optimum production outcome. This means that it has not produced the correct quantity of goods and services. QUESTION 1 Conduct a research to any small business that is manufacturing goods in your community. Make an appointment to interview the owner for the purpose of collecting the information using the questionnaire below. 1.1 General information: ● Name of the firm / business Specify the type of goods or service ● ● Position of the person interviewed ● Date of the interview 1,2 Explain briefly the negative impact the following factors have in your business. (10) Lack of information: ● Price discrimination Immobility of factors of production with special reference to: Physical capital Structural changes ● ● (1) ● (1) (1) (1) [14] QUESTION 2: Interview 3-4 community members that reside near the business you have visited. 2.1 Ask them to name any TWO negative externalities and TWO positive externalities caused by the local business, (2 x 2) (4) 2.2 Request them to list any TWO characteristics of public goods. (2 x 1) (2) 2.3 Use the negative externality and positive externality graphs to explain the impact this business have to the society (10) [16]
The first step in researching a small business in your neighborhood is to find a suitable nearby manufacturing company.
Once you do, contact the manager or owner to arrange an interview. Gather general information during the interview, such as the name of the company or business, what types of products or services they provide, the interviewer's position, and the time and date of the interview.
Then, focus on the detrimental effects different situations can have on the company. Briefly describe the impact on business of informational gaps, price discrimination, immobility of production variables (with a focus on physical capital), and structural changes.
Interview three to four locals who live close to the establishment you just visited. Ask them to list two unfavorable and two beneficial externalities brought about by the neighborhood business. Ask them to add two properties of public goods to the list as well.
Finally, use the data from the interviews to create graphs showing the positive and negative externalities of business on society. These infographics will graphically describe the costs and benefits that the company's neighborhood has.
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Your friend Stan owns a coffee shop in a monopolistically competitive industry. One day, Stan tells you (an economist) that he is earning an economic profit and is setting his price equal to his marginal cost. Is Stan producing the profit-maximizing amount of coffee? What should he do?
In a monopolistically competitive industry, each firm has some control over the price it sets due to product differentiation.
Stan mentioned that he is earning an economic profit and setting his price equal to his marginal cost. To determine whether he is producing the profit-maximizing amount of coffee, we need to consider a few factors.
1. First, let's understand the relationship between price, marginal cost, and profit maximization. In a competitive market, profit maximization occurs where marginal cost equals marginal revenue. However, in monopolistic competition, firms have some market power, so the profit-maximizing quantity occurs where marginal cost equals marginal revenue, not price.
2. Setting the price equal to marginal cost does not necessarily guarantee profit maximization. If Stan's price is equal to marginal cost, it means that he is covering his variable costs, but it does not take into account his fixed costs. To maximize profit, Stan should set his price above marginal cost, considering both variable and fixed costs.
3. If Stan is currently earning an economic profit, it suggests that he may not be producing the profit-maximizing amount of coffee. In monopolistic competition, firms tend to have excess capacity, meaning they produce less than the quantity that would minimize average total cost. By increasing his output, Stan may be able to reduce his costs and increase his profit.
Considering these factors, here are a few suggestions for Stan:
- Conduct a cost analysis: Stan should evaluate his fixed and variable costs to understand the full picture of his expenses. By knowing his costs, he can set a more informed price and determine the profit-maximizing quantity.
- Consider demand elasticity: Stan should also assess the price elasticity of demand for his coffee. If demand is relatively elastic, a small price increase may result in a significant decrease in quantity demanded, potentially reducing his profits. On the other hand, if demand is inelastic, Stan may be able to increase his price without a significant drop in sales.
- Experiment with pricing: Stan could consider experimenting with different prices to find the optimal point that maximizes his profit. By monitoring customer response to different prices, he can identify the price that generates the most revenue while covering his costs.
By taking these steps and considering the unique characteristics of monopolistic competition, Stan can better position his coffee shop for long-term success and profitability.
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The use of one’s official position for what always raises moral concerns and questions?
Answer:
The use of one’s official position for self-interest always raises moral concerns and questions. It is called corruption.
Explanation:
Corruption is the abuse of entrusted power for private gain. It erodes public confidence and breeds a culture of patronage. All forms of dishonest behavior by those in positions of power and authority are corrupt practices. It may also entail the giving and receiving of bribes for contract fronting. Many nations have experienced economic upheavals due to the corrupt practices perpetrated by those who should know better.
Average fixed cost rev: 06_26_2018 Multiple Choice equals marginal cost when average total cost is at its minimum. may be found by adding average variable cost and average total cost. graphs as a U-shaped curve. declines continually as output increases.
Answer: declines continually as output increases.
Explanation:
The Fixed costs are are constant and do not change throughout the production process. This means that on Average, they will keep dropping as more output is produced.
The formula for Average Fixed Costs;
Average Fixed Costs = Fixed Costs/ Output
From the formula you will see that as output increases, the Average Fixed Cost reduces because the Fixed Costs will remain the same while being divided by a larger number each time output increases.
A crab fisherman goes out to sea for weeks at a time catches as many crabs as possible and sells the crabs to larger distributors what field of business activity does this fall under
A crab fisherman goes out to sea for weeks at a time catches as many crabs as possible and sells the crabs to larger distributors .commercial industry field of business activity falls under this category.
Geographically, oceans are smaller than oceans and are usually found where land and ocean meet. Part of the ocean is usually surrounded by land. The sea is located at the edge of the sea and is partially surrounded by land.
The terms "sea" and "ocean" are often confused when talking about the sea. The ocean is usually considered a smaller body of water, partially covered by land. This often marks where the sea and land meet. Oceans generally refer to vast bodies of salty water that cover most of the earth.
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how important is the value of a product for a customer
Answer:
very important
Explanation:
If an advertiser bids $4.75 CPM and another advertiser bids $0.50 per CPC with a click rate of 1%, the display network would award the ad space to A. the CPM bidder because the network would earn $4.75 versus only 50 cents with the CPC bidder BY. the CPM bidder since the network has no idea how many click throughs the CPM bidder will get C. the CPC bidder because the 1% click through rate would produce $5.00 over 1,000 impressions D. the CPC bidder because the $0.50 per click rate would produce an income of $50.00 versus only $4.75 for the CPM bidder
Answer: C. the CPC bidder because the 1% click through rate would produce $5.00 over 1,000 impressions
Explanation:
From the question, an advertiser bids $4.75 cost per thousand impressions (CPM) while another advertiser bids $0.50 per CPC with a click rate of 1%. Over 1000 impressions, the second advertiser bids will produce:
= $0.50 × 1% × 1000
= $0.50 × 0.01 × 1000
= $5
Based on the analysis above, the CPC bidder will be awarded the advertisement space because the 1% click through rate would give $5.00 over 1,000 impressions.
The following transactions occurred during March 2021 for the Wainwright Corporation. The company owns and operates a wholesale warehouse.
1. Issued 30,000 shares of common stock in exchange for $300,000 in cash.
2. Purchased equipment at a cost of $40,000. $10,000 cash was paid and a notes payable to the seller was signed for the balance owed.
3. Purchased inventory on account at a cost of $90,000. The company uses the perpetual inventory system.
4. Credit sales for the month totaled $120,000. The cost of the goods sold was $70,000.
5. Paid $5,000 in rent on the warehouse building for the month of March.
6. Paid $6,000 to an insurance company for fire and liability insurance for a one-year period beginning April 1, 2021.
7. Paid $70,000 on account for the merchandise purchased in 3.
8. Collected $55,000 from customers on account.
9. Recorded depreciation expense of $1,000 for the month on the equipment.
Required:
Analyze each transaction and show the effect of each on the accounting equation for a corporation. (Amounts to be deducted should be indicated by a minus sign. Enter the net change on the accounting equation.)
Answer:
Assets = liabilities + Paid in capital + retainted earnings
1: 300,000 300,000
2. 30,000 30,000 0 0
3. 90,000 90,000 0 0
4. 50,000 0 0 50,000
5. -5,000 0 0 -5,000
6. 0 0 0 0
7. -70,000 0 0 -70,000
8. 0 0 0 0
9. -1000 0 0 -1000
Explanation:
2: 40,000 - 10,000 = 30,000
10,000 out of 40,000 was paid so the owed amount is 30000, which is a liability and you earn an asset by paying. So asset and liability
3. Three is straight forward.
4. 120,000 - 70,000 = 50,000
revenue is added to stockholders equity which includes retained earnings, but is also labeled an asset.
5. It's -5000 because that is amount we take out of cash to pay rent.
6. It's 0 because the insurance plan doesn't start until April, these transactions however are in march.
7. It's -70,000 because that is the cash going out
8. It's 0 because that account is paid off by the customer
9. It's negative -1000 because it's an expense on depreciation.
The analysis and effect of each transaction on the accounting equation of Wainwright Corporation are as follows:
Transaction Analysis:
1. Cash $300,000 Common Stock $300,000
2. Equipment $40,000 Cash $10,000 Notes Payable $30,000
3. Inventory $90,000 Accounts Payable $90,000
4. Accounts Receivable $120,000 Sales Revenue $120,000
Cost of Goods Sold $70,000 Inventory $70,000
5. Rent Expense $5,000 Cash $5,000
6. Prepaid Insurance $6,000 Cash $6,000
7. Accounts Payable $70,000 Cash $70,000
8. Cash $55,000 Accounts Receivable $55,000
9. Depreciation Expense $1,000 Accumulated Depreciation $1,000
Effect of Each Transaction on the Accounting Equation:
Transaction Accounting Equation
Assets = Liabilities + Stockholders Equity
1. $300,000 = $0 $300,000
2. $40,000 -$10,000 = $30,000 + $0
3. $90,000 = $90,000 + $0
4. $120,000 = $0 + $120,000
4. -$70,000 = $0 + -$70,000
5. -$5,000 = $0 + -$5,000
6. $6,000 - $6,000 = $0 + $0
7. -$70,000 = -$70,000 + $0
8. $55,000 -$55,000 = $0 + $0
9. -$1,000 = $0 + -$1,000
$394,000 = $50,000 + $344,000
Thus, the accounting equation represents the equality of assets with liabilities and equity.
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- Which of the following is NOT a Factor of Production
A. Money
B. Land
C. Labor
D. Capital
The Federal Reserve System of the United States is responsible for the conduct of U.S. ________ policy. bank control
Answer:
monetary policy.
Which of the following often occurs with money and prices when the government prints more money and places it into circulation?
Identify whether each of the following would be reported as an operating, investing, or financing activity on the statement of cash flows:
a. Purchase of investments
b. Disposal of equipment
c. Payment for selling expenses
d. Collection of accounts receivable
e. Cash sales
f. Issuance of bonds payable
WORD BANK:
- Investing
- Operating
- Financing
Crich Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direct labor-hours were 22,060 hours and the total estimated manufacturing overhead was $560,324. At the end of the year, actual direct labor-hours for the year were 22,000 hours and the actual manufacturing overhead for the year was $560,324. Overhead at the end of the year was: (Do not round intermediate calculations.) Multiple Choice $1,524 underapplied $1,574 underapplied $1,524 overapplied $1,574 overapplied
Answer:
$1,524 underapplied
Explanation:
Predetermined overhead rate = Estimated Manufacturing Overhead ÷ Estimated Activity.
= $560,324 ÷ 22,060
= $25.40
Applied Overheads = Predetermined overhead rate × Actual Activity
= $25.40 × 22,000
= $558,800
Where,
Actual Overheads are $560,324 (given)
Conditions :
If Actual Overheads > Applied Overheads, we say overheads are under-applied and if Actual Overheads < Applied Overheads, we say that overheads are over-applied.
Therefore ,
In our case, Actual Overheads : $560,324 > Applied Overheads : $558,800. Overheads have been under-applied by $1,524 ($560,324 - $558,800).
Find out what professionals say about your chosen career and what the cover letter should look like.
A brief summary of your findings (200 words minimum)?
What did you learn (50 words
When it comes to career exploration, professionals often emphasize the importance of researching and understanding the chosen career path.
It involves gathering information about job prospects, required skills and qualifications, industry trends, and potential growth opportunities. Professionals often recommend conducting informational interviews, networking with professionals in the field, and seeking mentorship to gain valuable insights and guidance.
Regarding cover letters, professionals suggest that they should be concise, well-structured, and tailored to the specific job application. The cover letter serves as an opportunity to introduce yourself, highlight relevant skills and experiences, and demonstrate your motivation and fit for the position.
It should be personalized for each application and showcase your understanding of the company and its needs.
Professionals advise including a strong opening statement, a clear demonstration of qualifications, and specific examples of accomplishments or experiences that align with the job requirements.
It's important to showcase your enthusiasm, professionalism, and the value you can bring to the organization. Additionally, proofreading and editing the cover letter for clarity, grammar, and spelling errors is crucial.
It's worth noting that career advice and cover letter guidelines may vary depending on the industry, job level, and individual circumstances.
It can be helpful to seek additional resources such as career counseling services, job search websites, or books specifically focused on cover letter writing to gather more detailed and tailored insights for your specific career aspirations.
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Coatney Incorporated has provided the following data for the month of October. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month. Work In Process Finished Goods Cost of Goods Sold Total Direct materials $ 3,760 $15,870 $ 76,130 $ 95,760 Direct labor 2,400 12,420 59,580 74,400 Manufacturing overhead applied 1,950 6,240 30,810 39,000 Total $ 8,110 $34,530 $166,520 $209,160 Manufacturing overhead for the month was overapplied by $7,000. The Corporation allocates any underapplied or overapplied manufacturing overhead among work in process, finished goods, and cost of goods sold at the end of the month on the basis of the manufacturing overhead applied during the month in those accounts. The finished goods inventory at the end of October after allocation of any underapplied or overapplied manufacturing overhead for the month is closest to:
Answer:
$33,410
Explanation:
The computation of Ending finished goods inventory after allocation of underapplied or overapplied manufacturing overhead is shown below:-
Ending finished goods inventory after allocation of overapplied manufacturing overhead
= (Total of finished goods - (Manufacturing overhead applied of finished goods ÷ Total of Manufacturing overhead applied) × Overapplied amount
= ($34,530 - ($6,240 ÷ $39,000) × $7,000)
= $34,530 - $1,120
= $33,410
At the 3 compartment sink the temperature of sanitizer water should be
Answer:
75F-120F (24C-49C)
Explanation:
This range is recommended to ensure effective sanitation.
Suppose you are a human resource professional at a company setting up work
teams for production and sales. Explain at least four legal requirements which need
to be embedded in your pay structure to support this new work arrangement.
If I were a human resource professional at a company setting up work teams for production and sales, the four legal requirements that need to be embedded in my pay structure to support this new work arrangement are:
The nation's minimum yearly salary.State minimum wage is paid.Minimal wage for the employees.A flat wage for the position.What will the legal requirements be about?A group incentive plan is a form of compensation that bases pay on the collective performance of a team and emphasizes cost-cutting, productivity growth, and achieving organizational objectives.
I supposedly work in human resources for a company that organizes work teams for sales and production and I would suggest the below point to encourage this new work arrangement:
Teams that are unable to function independently are provided group incentive plans. They are only able to function in teams, and the job itself necessitates it.Learn more about human resource professional from
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Answer:
According to the case, the five kinds of share are directly relevant and can be calculated from the provided information are:
1. Authorized Capital
2. Issued Capital
3. Un-issued Capital
4. Subscribed Capital
5. Called-up Capital
Explanation:
Authorized Capital:
The authorized capital is known as the registered capital of the company, Authorized capital is the maximum amount of share that a company is authorized to issuing share to its shareholders.
In this case, the Alpha limited company registered on 5th January 2023 with the capital of 500,000 which is divided into 25,000 ordinary shares and the value of each share is Rs. 20.
Issued Capital:
The issued share capital of company is monetary value of shares which legally offers by company to its shareholders.
In this case, the Alpha limited company on 20th of January offered for sale to the public from authorized capital. The company put forward 15,000 and the value of each share is 20 Rs. Consequently, the company’s issued capital is 300,000 Rs (15,000 shares x 20 Rs.) .
Un-issued Capital:
The un-issued share capital reflects the part of authorized capital stock that the company has not yet issued to the public.
In this case, the Alpha limited company has not issued his 10,000 shares, and the value of each share is 20 Rs so its total un-issued capital is Rs. 200,000 (10,000 shares x 20 Rs.).
Subscribed Capital:
The subscribed capital is the portion of issued capital for which the public has been subscribed and the company has accepted.
In this case, the Alpha limited company on 23rd January received applications for 14,500 shares from the public which informed by company’s bank, so the subscribed capital is Rs. 290,000 (14,500 shares x 20 Rs.).
The five kinds of capital that are directly relevant are:
Authorized Capital: Rs. 500,000Issued Capital: Rs. 300,000Un-issued Capital: Rs. 200,000Subscribed Capital: Rs. 290,000Called-up Capital: Rs. 290,000What is a called-up capital?The called-up capital refers to the portion of the subscribed capital that the company has demanded and the shareholders are required to pay.
In this case, the Alpha limited company called up the entire subscribed capital of Rs. 290,000 on 25th January. Therefore, the called-up capital is also Rs. 290,000.
Summarily,
- Authorized Capital: Rs. 500,000
- Issued Capital: Rs. 300,000
- Un-issued Capital: Rs. 200,000
- Subscribed Capital: Rs. 290,000
- Called-up Capital: Rs. 290,000
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#2: Muriel Evans writes the following note on the back of an envelope: "I, Manuel Evans, promise to pay Karen Marvin or bearer $100 on demand." Is this a negotiable instrument? Why or why not? Explain your response.
#1: Genix, Inc. has contracted to sell Larson five hundred washing machines of a certain model at list price. Genix is to ship the goods on or before December 1. Genix produces one thousand washing machines of this model but has not yet prepared Larson's shipment. On November 1, Larson repudiates the contract. Discuss the remedies available to Genix in this situation.
(MUST BE 200 WORD RESPONSES)
#2: The note written by Muriel Evans is a negotiable instrument. It is a negotiable instrument that can be transferred or negotiated to another person, who can then enforce the promise to pay.
#1: the available remedies for Genix will depend on the specific terms of the contract and the circumstances of Larson's breach. A legal expert should be consulted to determine the best course of action.
#2: The note written by Muriel Evans is a negotiable instrument. To be considered a negotiable instrument, a written promise or order must meet certain requirements, such as being in writing, signed by the maker or drawer, containing an unconditional promise or order to pay a fixed amount of money, payable on demand or at a definite time, and payable to order or bearer.
The note in question meets these requirements as it is in writing, signed by the maker (Manuel Evans), contains an unconditional promise to pay a fixed amount of money ($100), and is payable on demand to the bearer (Karen Marvin or anyone else who holds the note).
#1: In this situation, Genix, Inc. has several remedies available for Larson's repudiation of the contract. Repudiation occurs when one party indicates to the other that they will not perform their obligations under the contract.
One possible remedy for Genix is to sue for damages. This would involve seeking compensation for any losses or expenses incurred as a result of Larson's breach of contract. In this case, Genix could seek damages for the loss of profit on the 500 washing machines that Larson refused to buy, as well as any additional costs incurred due to the breach.
Another possible remedy is specific performance, which is a court order requiring Larson to fulfill their obligation under the contract by buying the 500 washing machines. This remedy is typically only available in cases where monetary damages are inadequate or impractical, such as when the goods are unique or irreplaceable.
Finally, Genix may also have the right to resell the washing machines to another buyer, and then seek damages from Larson for any losses incurred in the resale, such as a lower sale price or additional expenses incurred in finding a new buyer.
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Every day, your boss participates in a conference call from 1:00 PM to 2:00 PM. You know this, and today, instead of returning from lunch at 1:00, you decide to extend your lunch until 1:45. This is an example of
An example of Shirkingis when an employee decide to extend their lunch until 1:45 instead of 1:00 becaujse of his boss participation in a conference call.
What is called Shirking?A shirk essentially means the act of avoiding or getting out of doing something that should be done.
Hence, when an employee decide to extend their lunch until 1:45 instead of 1:00 because of his boss participation in a conference call is an example of Shirking because he need to help his boss.
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why are imports subtracted from GDP?
A. Imports are included in the other demand components of GDP and we want to look at only domestically produced goods.
B. Imports reduce domestic production
C. Imports and exports are irrelevant to GDP
The main reason why imports are subtracted from GDP is because it has been included in the other demand components of GDP and we want to look at only domestically produced goods.
What is an imports?Generally, the term "imports" of goods and services refers to the goods which add to the stock of material resources of a country by entering its economic territory.
In national income, the cogent reason that imports are subtracted in the standard identity is because they have already been included as part of consumption, investment, government spending, and exports. So, if the imports were not subtracted, the GDP would be overstated.
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Robinson's has 34,000 shares of stock outstanding with a par value of $1.00 per share and a market price of $50 a share. The balance sheet shows $34,000 in the common stock account, $455,000 in the paid in surplus account, and $410,000 in the retained earnings account. The firm just announced a 2-for-1 stock split. How many shares of stock will be outstanding after the split?
Answer:
The number of shares after the split is 68,000 shares
Explanation:
The computation of the number of shares of stock will be outstanding after the split is shown below:
= Oustanding shares × stock split ratio
= 34,000 shares × 2 ÷ 1
= 68,000 shares
hence, the number of shares after the split is 68,000 shares
We simply applied the above formula
And, the same is to be considered