Stock transaction for corporate expansion
Pulsar Optics produces medical lasers for use in hospitals. The accounts and their balances appear in the ledger of Pulsar Optics on April 30 of the current year as follows:
Preferred 3% Stock, $75 par (500,000 shares authorized, 110,000 shares issued) $8,250,000
Paid-In Capital in Excess of Par-Preferred Stock 1,320,000 22,000,000
Common Stock, $100 par (800,000 shares authorized, 220,000 shares issued)
Paid-In Capital in Excess of Par-Common Stock 1,760,000
Retained Earnings 44,000,000

At the annual stockholders' meeting on August 5, the board of directors presented a plan for modernizing and expanding plant operations at a cost of approximately $21,400,000. The plan provided (a) that the corporation borrow $7,800,000 (b) that $65,000 shares of the unissued preferred stock be issued through an underwriter, and (c) that a building, valued at 3,400,000 and the land on which it is located, valued at 5,000,000 be acquired in accordance with preliminary negotiations by the issuance of 80,000. shares of common stock. The plan was approved by the stockholders and accomplished by the following transactions:

Oct. 9. Borrowed $7,800,000 from St. Peter City Bank, giving a 4% mortgage note.
Oct. 17. Issued 65,000 shares of preferred stock, receiving $80 per share in cash.
Oct. 28. Issued 80,000 shares of common stock in exchange for land and a building, according to the plan.

Required: Journalize the entries to record the October transactions.

Answer:A

Explanation:

The costing study of bank operation goes thus:

Distribution of Resource Amount Percentage Amount

Teller wages $160,000 x 5% = $8,000

Asst. branch manager salary $75,000 x 15% = $11,250

Branch manager salary $80,000 x 5% = $4,000

Total $23,250

Activity rate of opening accounts = Total cost of opening accounts / new accounts opened

Activity rate = $23,250 / 500 = $46.50 per new account

Distribution of Resource Amount Percentage Amount

Teller wages $160,000 x 65% = $104,000

Asst. branch manager salary $75,000 x 5% = $3,750

Branch manager salary $80,000 x 0% = $0

Total $107,750

Activity rate of opening accounts = Total cost of processing deposits and withdrawals / deposits and withdrawals processed

Activity rate = $107,750 / 100,000 = $1.08 per deposit and withdrawal processed

Distribution of Resource Amount Percentage Amount

Teller wages $160,000 x 20% = $32,000

Asst. branch manager salary $75,000 x 30% = $22,500

Branch manager salary $80,000 x 10% = $8,000

Total $62,500

Activity rate of opening accounts = Total cost of processing other customer transactions / other customer transactions processed

Activity rate = $62,500 / 5,000 = $12.50 per other customer transactions processed

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Answer:

All of the above

Explanation:

Servant-leadership aims at creating a "servant-hood" attitude in all employees that interact with customers.  An organization has internal and external customers.  A servant -leader understands that customer focus is about ''serving'' others. Everyone in the organization that engages customers must demonstrate "servant-hood. "

Servant-leaders create and sustain an organization's customer focus by establishing a customer service training program. Training ensures values are respected and observed by all. Training instills the desired behavior and response in employees. Through training, standards are set and maintained.   A servant- leader deploy mechanisms to monitor and evaluate performance. This allows for corrective actions to guarantee quality service.

Answer:

Time Enough is a question mark.

Explanation:

In the BCG growth matrix, question marks are those firms that have a low market share, but that are growing, however, it is still uncertain where said firms will stand in the future.

Time Enough is a question mark because while the firm's earnings have been usteady, there is still evidence that the firm is growing, so the firm could become a star or a cash cow in the future.

Answer:

3.20%

Explanation:

The firm's weighted average aftertax cost of debt can be determined by first of all determining the before-tax cost of each debt.

Using a financial calculator, the before-tax costs of debt are ascertained as follows:

Bond 1:

N=8(number of semiannual coupons in 4 years)

PMT=17.70  (semiannual coupon=face value*coupon rate/2=$1,000*3.54%/2=$17.70)

PV=-1030(current price=$1000*103%=$1030)

FV=1000(the face value is $1000)

CPT

I/Y=1.37%(the semannual yield, annual yield=1.37%*2=2.74%)

after-tax cost of first debt=2.74%*(1-39%)=1.67%

Bond 2:

N=46(number of semiannual coupons in 23  years)

PMT=30.50 (semiannual coupon=face value*coupon rate/2=$1,000*6.10%/2=$30.50)

PV=-950(current price=$1000*95%=$950)

FV=1000(the face value is $1000)

CPT

I/Y=3.26%%(the semannual yield, annual yield=3.26%%*2=6.52%)

after-tax cost of second debt=6.52%*(1-39%)=3.98%

market value of first debt=$3.8 million*103%=$3,914,000

market value of second debt=$8.1 million*95%=$7,695,000

total market value of debts=$3,914,000+$7,695,000=$11,609,000

firm's weighted average aftertax cost of debt=(1.67%*$3,914,000/$11,609,000)+(3.98%*$7,695,000/$11,609,000)

firm's weighted average aftertax cost of debt=3.20%

Nicole, who is assessing the financial situation of her not-for-profit organization an income statement to determine whether revenues from contributions and other sources will cover operating costs.

An income statement is a financial document that shows the income and expenditure of an organization over a period of time.

It helps the organization to know whether they are making a profit or incurring losses.

So, for Nicole to determine whether the revenue of the organization will cover operating costs, she needs to use the income statement.

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d. 21 days; Adhering to this deadline is crucial to protect the taxpayer's rights and engage in the appeals process to resolve any disputes related to the tax assessment.

When a taxpayer receives a 30-day letter from the Internal Revenue Service (IRS), they typically have 21 days to request a conference with an appeals officer. The 30-day letter, also known as a statutory notice of deficiency, is a formal notification from the IRS informing the taxpayer of proposed changes to their tax return that would result in additional taxes owed.

The purpose of the 30-day letter is to provide the taxpayer an opportunity to dispute the proposed changes before the IRS takes further action, such as issuing a formal assessment and initiating collection efforts. Within the 21-day period from the date of the 30-day letter, the taxpayer must file a request for a conference with an appeals officer if they wish to challenge the IRS's proposed changes.

It is important for taxpayers to adhere to the deadline of 21 days as specified in the 30-day letter to preserve their rights to appeal and present their case to an independent appeals officer. Failing to request a conference within the allotted time may result in the proposed changes becoming final, leading to further IRS actions.

A taxpayer typically has 21 days from the date of the 30-day letter to request a conference with an appeals officer to dispute the proposed changes by the IRS. Adhering to this deadline is crucial to protect the taxpayer's rights and engage in the appeals process to resolve any disputes related to the tax assessment.

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Answer:

www.welovebooks.net

Explanation:

You can simply type "We Love Books publishing company" in a search engine and it will show up as the second link. If not then you can just type the name of the website in the browser's search bar to take you straight to their web site which is www.welovebooks.net , They design and publish different books as well as magazines, product catalogues and corporate publications. The website also has a contact option so that you can contact them directly and make requests.

Capital refers to all the resources a borrower has that can be utilized to repay the loan, including savings, interest, and other assets.

A loan occurs when one or more individuals, businesses, or other entities lend money to additional individuals, businesses, or other entities. The recipient frequently has to pay interest charges until the debt is repaid in addition to the money borrowed. The principal amount owed, the interest rate charged by the lender, and the payment due date are frequently included in the documentation establishing the debt. The subject asset will temporarily be split between the lender and the borrower as part of the loan. The payment of interest is what prompts the lender to approve the loan. A formal loan upholds all of these standards and conditions.

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If  None of these errors were discovered until the next year. As a result, Poppy's cost of goods sold for this year was: Understated by $31,000.

Using this formula

Cost of goods sold=Beginning inventory + Incorrect entry for Merchandize Purchase - Ending inventory

Let plug in the formula

Cost of goods sold=$30,000+($20,000-$2,000)-$17,000

Cost of goods sold=$30,000+$18,000-$17,000

Cost of goods sold=$31,000 understated

Therefore Poppy's cost of goods sold for this year was: Understated by $31,000.

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With the money I'd make, I'd like to buy a car as an equity investment.

This item was chosen because it would assist me in getting to work and other locations on my own.

I'd also like to utilize my money to purchase or rent a house, which would also be an equity investment and provide me with a place to live for an extended length of time.

I'd like to invest in a powerful firm that wants to do good in the world; this is a debt investment that would offer the world a strong face.

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Firm X is pursuing a strategic advantage based on differentiation.

By improving dealer ratings and service, Firm X aims to differentiate itself from competitors by offering superior customer service and dealer experiences. This strategy can help the firm attract and retain customers, leading to a competitive edge in the market.

Differentiation as a source of strategic advantage involves creating unique and superior products or services that appeal to a specific segment of the market. In the case of Firm X, they are focusing on enhancing dealer ratings and service, which can make them stand out from competitors who might not prioritize this aspect of their business. By doing so, Firm X can potentially gain a loyal customer base that appreciates the high-quality service and dealer interactions they receive.

This, in turn, can contribute to increased market share and profitability for the company. The key steps in this process include identifying areas for improvement, implementing changes, and continually monitoring and refining the approach to ensure ongoing success in providing exceptional service and maintaining strong dealer ratings.

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Let's understand what points are. Points are fees charged by lenders to buyers or sellers at the closing of a real estate transaction.

They are calculated as a percentage of the loan amount (one point equals 1% of the loan amount). The purpose of points is to lower the interest rate on the loan and thereby reduce the monthly payment for the borrower.

So, if your clients are purchasing a $160,000 home and have a down payment of 25%, the loan amount will be $120,000 (i.e., $160,000 - $40,000 (25% of $160,000)).

Now, if the bank charges two points at closing, it means they are charging 2% of the loan amount as fees. So, the amount your clients will be paying in points will be:$120,000 x 2% = $2,400Therefore, your clients will be paying $2,400 in points at closing.

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The action which Quentin performed by acting as an impostor in other to illegally obtain information is called identity theft.

Fraudulent action performed by using using a false identity to obtain sensitive information from persons or clients is usually referred to as identity theft.

It is usually performed by designing a clone identity which is similar to that of the actual service provider or organization, this allows them to deceive clients and interact with them thinking they are relating with their service provider.

This then allows clients feel free to send sensitive information requested from them.

Therefore, Quentin falsely acted as being platinum bank, which allows him to obtain sensitive details from the customer who thinks he's in talk with platinum is an act of identity theft by Quentin.

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Answer:

entrepreneurship for them and

C. Identity theft. Mark's actions of using someone else's name and Social Security number to apply for a credit card constitute identity theft.  

What is Identity theft?

Credit card constitute identity theft is a type of fraud involving the unauthorized use of someone's personal information for fraudulent purposes. Securities fraud, insurance fraud, and tax fraud are different types of fraud that involve illegal activities in specific domains such as financial securities, insurance, and taxation, respectively, and are not applicable in this scenario. Identity theft is a serious crime that can result in financial loss and harm to the victim, and it is important to take steps to protect personal information and report any suspected cases of identity theft to the appropriate authorities.

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Answer: Finance, purchasing, accounting, suppying

Explanation:

Retailing is known as a sub middleman in business that buys from the wholesaler and sells to the consumer in smaller quantity not as big as the wholesaler.

The following are activities of the retailer, although it might not be all followed by many retailers but depending on their ability and understanding

-Finance

-Purchasing

-Accounting

-Management Information System

-Supply management including warehouse and distribution management.

Retailing consists of a wide range of business activities that together add value to the products and services that customers buy. These activities are key to meeting customer needs and ensuring a smooth and satisfying shopping experience. Some of the key components of retail include:

1. Merchandising: Retailers engage in merchandising activities to prepare and present a diverse range of products and services to customers. This includes selecting, sourcing, pricing and displaying merchandise in a way that appeals to the target market.

2. Inventory Management: Retailers are responsible for managing inventory levels to ensure product availability to meet customer demand. This includes forecasting demand, optimizing inventory turnover and implementing efficient replenishment processes.

3. Store Operations: Day-to-day retail store operations include activities such as store layout and design, staffing, customer service, sales management, and security. These activities are essential to creating a pleasant and customer-friendly environment.

4. Marketing and Promotion: Retailers use various marketing strategies and promotional activities to attract customers, build brand awareness and promote sales. This includes advertising, public relations, social media marketing, loyalty programs and sales promotion.

5. E-commerce and Omni-channel retailing: With the rise of online shopping, retailers are engaging in e-commerce activities to provide convenience to customers in purchasing products online. They also adopt omnichannel strategies to integrate online and offline channels to create a seamless shopping experience.

6. Supply Chain Management: Retailers work closely with suppliers and distributors to ensure the efficient movement of products from manufacturers to stores or customers. Effective supply chain management includes logistics, warehousing, transportation and order fulfillment.

7. Customer Relationship Management (CRM): Retailers focus on building and maintaining strong relationships with customers through personalized service, loyalty programs and targeted marketing efforts. CRM helps retailers understand customer preferences, behavior and buying patterns.

Overall, retailing encompasses a complex set of activities aimed at delivering value to customers and promoting business success. It involves the integration of various features and strategies to create a positive and engaging retail experience for customers.

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Answer:

As a Muslim, you can celebrate Ramadan with family or/and with friends and other families. In Ramadan if you are young you get a certain amount of money form your elders and the most important thing is eat! After one month of not eating you should have fun and eat really good foods. I hope this helped!! :)

Answer:

During Ramadan Muslims abstain from food and drink during daylight hours. This fast, called sawm, is one of the five pillars of Islam. To get through a long day without food, Muslims will often wake up early to eat a meal called suhur before daybreak.

Explanation:

Answer: See explanation

Explanation:

1. Inelastic demand occurs when a change in price doesn't really have an effect on the quantity of the goods demanded. Examples of products with inelastic demand are salt and prescription drugs.

2. Elasticity for demand helps in the determination of the prices of factors of production. It is also vital in knowing how price changes will affect the revenue of the firm.

3. Normal goods are the goods that when income increases, the demand for them increases as well e.g. household appliances

For inferior goods, when Income increases, their quantity demand reduces. These are common with extremely cheap products.

Answer:

So why does a company hire a person?

Explanation:

It isn’t to have more people around. The goal of any company isn’t to rack up its number of employees. In fact, the goal of most companies is generally the exact opposite to that, to have the fewest employees possible it needs to be successful.

Less and less do companies hire because they need a very specific task done. In the days of old, companies would hire someone to do the same task over and over again, like hammering the same nail to connect the same two parts all day long. Most of those jobs now are automated, as employers have found cheaper and often more productive alternatives to humans for that work.

No, to understand why employers hire, instead of just using a piece of software or a robot, one first has to understand the unique value proposition a human has. What is it? Well, really it has everything to do with our brain, and our unique ability to conjure up creative solutions to complex problems.

An employer hires a person because their unique value proposition, i.e. generally their ability to think, fixes a business problem they face and there are no other cheaper or more effective alternatives.

For example, a company hires a marketer because they face a business problem: a lack of customers. The marketer’s job is to increase the amount of customers anyway they can, whether it be through email marketing, social media, publicity stunts, etc. The marketer’s job is to constantly solve a problem – in this case getting more customers – that cannot be solved by a machine.

Because most of the jobs that require minimal thought have become or soon will become automated, the jobs that are left require someone who is creative, can learn quickly and is always willing to adapt to new problems thrown their way. So the question therein lies for the employer: how do you figure out who those people are?

The answer is not to look at a pile of resumes and select the two or three best to bring in for an interview. The answer is to screen all candidates through an interview, perhaps best done using a program like VoiceGlance, and ask them challenging questions that reveal those candidates’ line-of-thinking. With that information, companies can discover the employees they really want – the problem solvers – who will lead them to success.

The reason why I think business organization needs to hire people is:

According to the given question, we are asked to show the reason why I think business organization need to hire people and how it affects business.

As a result of this, we can see that a business organization has to hire people so that they can help with the production process which is important as they would be in charge of the branding, packaging, marketing and other aspects of business.

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Answer:

The primary function of the Gini coefficient is to measure income inequality in an economy. It is a statistical measure that is used to represent the distribution of income or wealth among a population. A Gini coefficient of 0 indicates perfect equality, where everyone in the population has the same income or wealth. A Gini coefficient of 1 indicates perfect inequality, where one person has all the income or wealth in the population. The Gini coefficient is often used to assess the level of income inequality in a country or region and can be used to inform policy decisions related to redistributive measures such as taxes and welfare

Answer:

An oligopoly market structure is very usual in the context of Australian. Maximum service industry like banking, retail etc. follow the market structure of the oligopoly. The grocery retail sector in Australia is a core example of the duopoly, a narrowed version of oligopoly (Chung, 2015). Moreover, the banking sector of Australia is a proper example of an oligopoly. The main feature that the oligopoly market structure follows is, in this type of market few firm operate as a sole authority in a market (LaFrenz, 2014). In the case of monopoly, there is only one seller who rules the whole market and business as well. The monopolistic competition involves firm competing strongly among them in an industry. They do not allow any other organisation to enter the market. The Australian Post is a major example of monopoly market structure. Banking and Retail sectors are the key examples of monopoly market structure (Welch & Welch, 2009).

Apart from the banking industry, the retail industry in Australia faces very strong competition. The giant monopolistic retail companies named Coles and Woolworths have grabbed maximum market share in the industry. It is being very difficult for all other small and big organisation to sustain in the market. It is surveyed that, the banking industry of Australia is facing strong competition or oligopolistic war. Smith (2015), has informed that the existent incumbents in the banking industry are strictly prohibiting the other new entrants for the sector (Smith, 2015).

Explanation:

^^^^^^

Answer:

Microeconomics uses a set of fundamental principles to make predictions about how individuals behave in certain situations involving economic or financial transactions. These principles include the law of supply and demand, opportunity costs, and utility maximization. Microeconomics also applies to businesses.

Explanation:

A budget helps create financial stability. By tracking expenses and following a plan, a budget makes it easier to pay bills on time, build an emergency fund, and save for major expenses such as a car or home. Overall, a budget puts a person on stronger financial footing for both the day-to-day and the long term.

Answer: In a command economy, citizens have fewer property rights. In a mixed market economy, citizens have more property rights. A command economy is one in which the government has almost complete control of property, businesses, and the economy in general.

Explanation:

For  illustration, a rise in the price of any good is an incentive for us to back off from buying it as much as we used to. maybe we'll buy a different good  rather.

So, for  illustration, a rise in the price of adulation creates an  incitement to buy  lower adulation.  Impulses are benefits or costs of an action that  impact people's  opinions. Stated another way,  incentive can make people do  commodity they wouldn't  else do. Impulses are important to economics for two reasons how people respond to them and how they're created and used.  

Profitable  impulses meaning can be appertained to as a  price or  provocation  handed in  financial terms. It produces a asked  response from the parties by altering their natural exemplifications of  impulses are  subventions,  duty credits, abatements, and cashbacks.

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Answer: C. Budgets help people keep their expenses below their income.

Explanation: The act of budgeting could be explained as a process of keeping track of one's income or revenue as well as spending or expenses over a certain period of time. This is particularly necessary in other to ensure that one maintains a reasonable spending behavior which ensures that spending does not outweigh revenue. This will ensure that such individual is safe from excessive debt. With the aid of a budget, one can avoid unnecessary financial strain on expected revenue through thorough planning of expenses and avoiding spending activities beyond one's revenue bracket.

Answer:

what do you need help on

Explanation:

The analysis of Company X revenues from 2012 to 2021 reveals interesting trends and insights. By computing the 3-year moving average and utilizing quadratic regression, we can gain valuable information about the sales pattern and estimate future sales.

To compute the 3-year moving average, we take the average of sales for every three consecutive years. This allows us to smooth out any short-term fluctuations and identify the underlying trend. Using the given data, we can calculate the moving averages and graph them to visualize the sales pattern over time.

On the other hand, quadratic regression involves fitting a quadratic equation to the data points, providing a mathematical formula to estimate future sales. By applying regression analysis to the given data, we can determine the quadratic equation that best fits the sales trend. This equation will allow us to predict the sales for the next year.

Using the quadratic regression technique on the provided data, we can obtain a formula for sales next year. After calculating the coefficients of the quadratic equation, we can substitute the relevant values to find the estimated sales. However, it is important to note that the accuracy of the formula depends on the assumption that the sales pattern will continue to follow a quadratic trend. Any significant changes in the market or other factors could affect the accuracy of the prediction.

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Today, a single store offering scrambled merchandising or several unrelated product lines is common.

Prior to today, stores usually specializes on sales of products which are in same line such as varieties of flowers, varieties of clothes, variety of drinks etc.

But today, this has changed because single store now offers several unrelated product lines and scrambled merchandising (which is a tactic where retailer sells product that are outside their focus)

Today, a single store can offer sales of drinks, cloth, snacks, flowers, accessories etc

Therefore, in conclusion, today, a single store offering scrambled merchandising or several unrelated product lines is common.

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