Torres Company has the following partially completed stockholders' equity section of the 2021 balance sheet. Some of the information is missing: "Stockholders Equity"
8% Preferred Stock, $155 par value, 18,000 shares issued $2,790,000 Common Stock, $28 par value 3,220,000 Additional Paid-In Capital Retained Earnings 1,540,000 Treasury Stock, 10,000 shares at cost -450,000 Total Stockholders' Equity --------------
The preferred stock was originally issued at $346 per share. The common stock was originally issued at $214 per share.. Required: (a) Calculate the number of issued shares of common stock. (b) Calculate total additional paid-in capital. (c) Calculate total stockholders' equity. Number of issued shares of common stock ___
Total additional paid-in capital $ ____
Total stockholders' equity $ _____
Answers
Given data: Torres Company has the following partially completed stockholders' equity section of the 2021 balance sheet. Some of the information is mgissin:
"Stockholders Equity"8% Preferred Stock, $155 par value, 18,000 shares issued $2,790,000Common Stock, $28 par value 3,220,000Additional Paid-In Capital Retained Earnings1,540,000Treasury Stock, 10,000 shares at cost -450,000Total Stockholders' Equity --------------The preferred stock was originally issued at $346 per share. The common stock was originally issued at $214 per share.Required:(a) Calculate the number of issued shares of common stock. Number of shares of common stock issued can be calculated using the following formula:
Number of issued shares of common stock = Common Stock par value / Original issue price per share= $3,220,000 / $214= 15047 shares (rounded to nearest integer) (b) Calculate total additional paid-in capital. Additional paid-in capital can be calculated using the following formula: Additional paid-in capital = Total issued shares of preferred stock × (Original issue price per share - Par value per share) + Total issued shares of common stock × (Original issue price per share - Par value per share) = 18000 × ($346 - $155) + 15047 × ($214 - $28)= $8,130,466(c) Calculate total stockholders' equity.
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Related Questions
The President of the Mount Pleasant Student Council met with the
members and planned a fund-raising fair. In order for this occasion to
materialize successfully the President has given the Vice-President and
Committee Chairman special duties to perform. This procedure is referred
to as
O delegating
O directing
o controlling
Omotivating
Answers
Answer:
Directing
Explanation:
Directing is the function of managers or the authority to issue instructions and guidance to subordinates and oversee their implementation. The management guides and inspires the other members towards achieving the set organizational goals. Directing is providing leadership to junior members of the organization.
The President of the Mount Pleasant Student Council is directing the members to ensure a successful event.
Liquidated Damage Clause Limits Recovery of Damages
"The general rule of freedom of contract includes the freedom to make a bad bargain."
- Hamilton, Circuit Judge
Environs, Inc. is an architectural firm that designs commercial and business buildings. SAMS Hotel Group, LLC signed a contract with Environs where Environs would provide architectural services for the design of a six-story hotel in Fort Wayne, Indiana, to be built by SAMS. SAMS paid Environs a fee of $70,000. The contract between the parties limited Environs' liability for breach of contract to $70,000. The hotel structure was nearly complete when serious structural defects were discovered. The county building department condemned the building and the hotel was demolished.
SAMS sued Environs, alleging that the defendant had breached its contract by providing negligent architectural services, and sought to recover its loss of more than $4.2 million. The U.S. district court found that Environs had been negligent and breached the contract, but the court enforced the liquidated damages clause and awarded SAMS $70,000. The U.S. court of appeals agreed, stating "The undisputed facts show that the negotiating parties were two sophisticated business entities. The general rule of freedom of contract includes the freedom to make a bad bargain." SAMS Hotel Group, LLC v. Environs, Inc., 716 F.3d 432, 2013 U.S. App. Lexis 11047 (United States Court of Appeals for the Seventh Circuit, 2013)
Critical Legal Thinking Questions
Was it ethical for Environs to avoid paying the full claim? How could SAMS have protected itself from the outcome of this case?
Answers
In this case, Environs, Inc. was able to avoid paying the full claim of more than $4.2 million by enforcing the liquidated damages clause in the contract.
This clause limited Environs' liability for breach of contract to $70,000, which is the fee that SAMS paid for their architectural services.
Whether it was ethical for Environs to avoid paying the full claim is subjective and can be debated. However, from a legal standpoint, the court enforced the liquidated damages clause because both parties, Environs and SAMS Hotel Group, LLC, were considered sophisticated business entities. The court reasoned that the freedom of contract allows parties to make a bad bargain.
To protect itself from a similar outcome, SAMS could have taken certain steps:
1. Negotiate the liquidated damages clause: SAMS could have attempted to negotiate the terms of the liquidated damages clause to ensure that it adequately covers any potential damages that may arise from a breach of contract. This could involve specifying a higher amount or basing the damages on a percentage of the total project cost.
2. Conduct due diligence: SAMS could have conducted thorough research and due diligence on Environs before entering into the contract. This could have involved checking their reputation, previous work, and reviewing their track record with similar projects to assess their competence and reliability.
3. Include performance guarantees: SAMS could have included performance guarantees in the contract to ensure that Environs would be held accountable for any negligent or substandard work. This could have included provisions for regular inspections, milestone payments, and penalties for non-compliance or delays.
4. Obtain insurance or bonds: SAMS could have required Environs to obtain insurance or bonds to cover any potential damages or losses resulting from their architectural services. This would provide an additional layer of protection in case of breaches or negligence.
5. Seek legal advice: Before signing the contract, SAMS could have sought legal advice to fully understand the terms and implications of the liquidated damages clause. A legal professional could have reviewed the contract and provided guidance on potential risks and ways to mitigate them.
By taking these precautions, SAMS could have better protected itself from the outcome of this case and potentially avoided or minimized the impact of a limited liability clause.
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Résumé search programs often search for _____. a. nouns b. verbs c. adjectives d. participles
Answers
Answer:
noun
Explanation:
indeed
Resume search programs often search for noun. A resume keyword scanner is software that job posting sites use to search resumes for certain keywords.
What is Resume?A resume is a formal document created by a job seeker to list their qualifications for a particular position.
A customized cover letter is typically included with a resume, in which the candidate expresses interest in a certain job or organization and highlights the most essential data on the resume.
Thus, option a, Noun is correct option.
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The ultimate success of new products (goods or services) primarily depends on: Select one: a. The reputation of the organization b. Consumers accepting them c. The strength of the marketing efforts d. The organization's brand identity
Answers
Consumer acceptance is the primary determinant of the ultimate success of new products.Option b is correct.
The ultimate success of new products (goods or services) primarily depends on consumers accepting them (option b). While the reputation of the organization (option a), the strength of the marketing efforts (option c), and the organization's brand identity (option d) all play significant roles, it is consumers accepting the new products that ultimately determines their success in the market.
Consumers accepting new products means that they find value in the offerings and are willing to purchase and use them. Factors such as the product's quality, features, price, and how well it meets the needs and desires of the target market are crucial in gaining consumer acceptance. Positive word-of-mouth, recommendations, and reviews from satisfied customers also contribute to consumer acceptance.
While a strong organization reputation, effective marketing efforts, and a well-established brand identity can positively influence consumer acceptance, they are not guarantees of success. Without consumer acceptance, even the most reputable organization, powerful marketing campaigns, and strong brand identity may not translate into sustained demand and profitability for new products.
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Given the 2020 recession, what should be the goal of monetary policy? Should the Fed enact expansionary or contractionary policy? In other words, should the Fed increase the money supply/credit supply or decrease the money/credit supply. Explain what they might do to achieve their goal.
Answers
Answer:
Expansionary monetary policies
Explanation:
A recession is characterized by reduced economic activities, a high unemployment rate, and low business incomes. The economy experiences a reduced demand for products and services, leading to low production and a slow economic growth rate.
In a recession like in 2020, the Fed should employ measures that will stimulate economic growth. The appropriate measures are the expansionary monetary policies. These policies seek to increase liquidity in the market, thereby increasing the aggregate demand. Expansionary monetary policies increase the money supply in the economy; they include a reduction in the reserve requirement, reduction in the discount rate, and open market purchases.
If a firm belives tht some of its debtors may default and it should act on this by making sure tht all possible losses are recorded in the books this is an example of which concept
Answers
Answer: Conservatism
Explanation: The conservatism concept can be ncept may be explained as an accounting principle which ensures that an organization tends to be very careful in handling its finances, with the conservatism concept, financial management often lean towards an approach which tends to play down future gains and concentrate more on potential chances of losses in the future. With such approach the organization tends to be very prudent in its financial management. In other words, conservatism shifts toward a tendency to understate its asset or income rather than overstate its asset.
What do you think are the advantages of service business to the community
Answers
Answer:
Furthermore, service-based businesses are at an advantage because they can grow into other service offerings. Another critical advantage of service businesses is that they are less susceptible to economic downturns, which can be very common for retail and manufacturing companies.Service industries are an important part of society for a variety of reasons, including: Delivering essential services to the public: Often, service industries provide essential services to the public, such as healthcare, transportation and education.
Which type of investment income happens when a company
shares its profits with investors?
Answers
Answer:
B is the answer
Explanation:
i just did the quiz
You are required to develop a Personal Development Plan (PDP) for yourself. You shall refer to the PDP Guide and Template provided by your lecturer. A personal development plan is an action plan that you can use to identify:
1. Your individual goals and what you want to achieve.
2. Your strengths and weaknesses.
3. The areas you need to improve and develop to meet your goals.
4. What you need to do to achieve your goals.
5. Anything that could hinder your progress.
Answers
A Personal Development Plan (PDP) is an action plan that helps individuals identify their goals, strengths, weaknesses, areas for improvement, strategies , and potential obstacles to progress.
A Personal Development Plan (PDP) is a valuable tool for self-improvement and growth. It involves several key elements: Individual goals: Start by clearly defining your personal goals and what you want to achieve in various aspects of your life, such as career, education, relationships, health, or personal development. Strengths and weaknesses: Conduct a self-assessment to identify your strengths and weaknesses.
Understanding your strengths allows you to leverage them, while acknowledging weaknesses helps you determine areas that require improvement. Areas for improvement: Based on your self-assessment, identify specific areas that you need to develop and improve to meet your goals. This could include acquiring new skills, expanding knowledge, improving communication or time management, or enhancing emotional intelligence.
Strategies for goal achievement: Develop a plan outlining the steps and actions you need to take to achieve your goals. This may involve setting specific objectives, breaking them down into manageable tasks, and establishing timelines. Potential obstacles: Anticipate and identify any potential obstacles or challenges that could hinder your progress. This could include external factors like lack of resources or time constraints, as well as internal factors like self-doubt or fear of failure.
By creating a Personal Development Plan, you gain clarity about your goals, become aware of your strengths and weaknesses, outline strategies for improvement, and prepare for potential obstacles. This structured approach enables you to track your progress, stay focused, and make continuous strides towards personal and professional growth.
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Which of the following is one of the primary responsibilities of the federal judicial branch?
Answers
Answer:
to judge if laws made by the legislative branch are constitutional
Explanation:
Answer:
to judge the constitutionality of laws
Explanation:
a price ceiling established below the market clearing price will usually cause a decrease in the market clearing price. an excess supply. no change in the market clearing price. nonprice rationing.
Answers
A price ceiling established below the market clearing price will usually cause an excess supply.
A price ceiling is a cap placed by the government on the most that may be paid for an item or service. There will be an excess of the item or service on the market if the price cap is set below the market clearing price, if the quantity provided and requested are equal.
Although providers are prepared to create and sell less because they are not receiving the market clearing price they would want, consumers will be willing to buy more of the item or service at the lower price. A surplus of the item or service that isn't being sold will occur as a result. This surplus supply may result in rationing that isn't price-based, long queues, and shortages (Option D),
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Select all of the benefits to buying a home.
Answers
Answer:
The value of the home generally increases over time
The quality of your home increases
Once the mortgage is paid in full you own the home
You can make improvements in the place
The government decides to impose a per-unit tax on the bottle industry to help cover revenue shortfalls in the annual budget.
Use the graph below to answer the questions.
------------------------------------------------------------------------------
The per-unit tax has generated total tax revenue of:
Multiple Choice
-$1 million
-$2 million
-$5 million
-$10 million
-$12 million
------------------------------------------------------------------------------------------
The deadweight loss created by the per-unit tax is equal to the area
Multiple Choice
-AKB
-KBC
-ACM
-ABL
-ABC
Answers
The per-unit tax has generated total tax revenue of D. $10 million.
The deadweight loss created by the per-unit tax is equal to the area D. ABL.
What is the tax generated ?The tax generated is:
= 5 x 2 burden on producers and consumers
= $ 10 million
What is Deadweight loss?Deadweight loss refers to the loss of economic efficiency that occurs when the equilibrium of a market is not Pareto optimal.
The deadweight loss is the area of ABL, This is because Deadweight loss can be calculated as the area between the supply and demand curves from the socially efficient level of production to the new equilibrium.
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if carissa has a $234,000 home insured for $175,000, based on the 80 percent coinsurance provision, how much would the insurance company pay on a $11,500 claim? (do not round intermediate calculations. round your answer to 2 decimal places.)
Answers
If Carissa has an insurance based on 80% coinsurance provision, for a $11,500 claim, the insurance company will pay $10,761.50.
The 80% coinsurance provision means that the homeowner must insure the property for at least 80% of its actual value to avoid a penalty in the event of a partial loss. If the homeowner fails to maintain the required level of insurance, the insurance company may reduce the amount of the claim payment.
In this case, Carissa has insured her home for $175,000, which is less than the required 80% of the actual value of $234,000. To determine the actual amount of insurance coverage, we can use the following formula:
Actual amount of insurance = (Amount of insurance carried / Required amount of insurance) x Loss
Where the required amount of insurance is 80% of the actual value of the property, or:
Required amount of insurance = 80% x $234,000 = $187,200
Substituting the values given in the question:
Actual amount of insurance = ($175,000 / $187,200) x $11,500
Actual amount of insurance = 0.93483 x $11,500
Actual amount of insurance = $10,761.50
Therefore, the insurance company would pay $10,761.50 on the $11,500 claim, assuming there are no other factors that would affect the claim payment.
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Annoying isn't it. When people purposely answer your question when they know it's completely useless. Kinda like how I specifically told people NOT to answer the questions I asked because I was doing an experiment, and every time I did that, two people purposely answered my question when they were told not to.
People are d. i. c. k. s.
Answers
Answer:
wow
Explanation:
I'm gonna type a random answer
True or false: In business decisions, managers rarely, if ever, have to choose between conflicting outcomes.
Answers
The given statement "In business decisions, managers rarely, if ever, have to choose between conflicting outcomes" is False because managers frequently encounter situations where they must choose between conflicting outcomes in business decisions.
In business decisions, managers often have to choose between conflicting outcomes. This is because different stakeholders in a company may have competing interests, and achieving one goal may come at the expense of another. For example, a manager might have to balance the need for cost savings with the desire to maintain employee satisfaction and morale. Cutting costs might involve reducing employee benefits or implementing layoffs, which can negatively affect morale and productivity.
Another common conflict in business decisions is the trade-off between short-term and long-term goals. Managers must weigh the immediate benefits of a decision against the potential long-term consequences. For example, a company might consider launching a new product quickly to capture market share, but doing so could sacrifice quality and result in customer dissatisfaction, ultimately harming the company's reputation and long-term growth potential.
Additionally, managers often face ethical dilemmas in business decisions, which can further complicate the decision-making process. For instance, a company might have the opportunity to increase profits by engaging in environmentally harmful practices. Managers must weigh the financial benefits against the ethical and social responsibilities of the company, and decide whether the potential gains are worth the possible negative consequences.
In conclusion, managers frequently encounter situations where they must choose between conflicting outcomes in business decisions. Balancing the needs and desires of various stakeholders, as well as considering both short-term and long-term consequences, are critical aspects of effective decision-making in the business world.
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What do you think the future trend of women's involvement in
marketing and executive level careers will be?
Answers
Future trend of women's involvement in marketing and executive level careers:
1. Increasing representation of women in leadership positions.
2. on diversity and inclusion.
3. Advancement in closing the gender pay gap.
4. Continued efforts to break gender stereotypes and biases.
5. Greater support for work-life balance and flexible work arrangements.
The future trend of women's involvement in marketing and executive level careers is expected to witness positive developments. Firstly, there will likely be an increasing representation of women in leadership positions. Organizations are recognizing the value of diverse perspectives and the benefits of gender-balanced leadership teams.
Furthermore, there will be a growing emphasis on diversity and inclusion, with companies actively working to create inclusive environments that support the advancement of women. This includes implementing policies and initiatives to ensure equal opportunities for career growth and development.
Efforts to close the gender pay gap are also expected to continue. As awareness grows, organizations are striving to address pay disparities and ensure equitable compensation for women in marketing and executive roles.
Breaking gender stereotypes and biases will remain an important focus. Society's perception of women's capabilities in leadership positions is changing, and organizations are challenging traditional norms to promote gender equality and recognize individual merit.
Additionally, there will be greater support for work-life balance and flexible work arrangements. Recognizing the importance of work-life integration, companies are adopting policies and practices that enable women to succeed in their careers while maintaining personal well-being and family responsibilities.
Overall, the future trend indicates a positive shift towards increased opportunities, recognition, and support for women's involvement in marketing and executive level careers, fostering a more diverse and inclusive professional landscape.
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Why is the automobile industry considered an oligopoly?
It offers little differentiation within the market.
It has significant barriers to entry.
It is controlled by companies that patent key technology.
It relies on price variation to attract customers.
It depends on brand loyalty and image to generate sales.
It is dominated by a few key players.
Answers
The reasons that the automobile industry is an oligopoly in market economics are because of B. It has significant barriers to entry and F. It is dominated by a few key players.
An oligopoly is a market condition where the possibility of firms colluding with each other exists.Firms in this market are interdependent, especially with regards to pricing.
Oligopolistic firms differentiate their products, and they have few producers.There are barriers to entry.
Thus, an oligopoly limits entries to a few key players who dominate the market.
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Answer:
B: It has significant barriers to entry.
E: It depends on brand loyalty and image to generate sales.
F: It is dominated by a few key players.
I will mark you as brainliest!!
What is stock turnover?
A. How long customers have own the products they've purchased
B. How quickly inventory sells
C. How much it costs to keep inventory
D. How the stock market affects inventory
Answers
Answer:
d.how the stock market affects inventory
Explanation:
a stock turnover is the rate at which a company's goods are sold and replaced. I hope that helped <3
stock movement Effects of the stock market on inventory Thus option (D) is correct.
What is the stock price?A share price is the price of a single share of a company's salable equity shares. In layman's terms, the stock price is the largest amount of money someone is willing to pay for the stock or the lowest amount for which it can be purchased.
Stock market Analysts in economics and financial theory utilize random walk techniques to model the behavior of asset prices, particularly share prices on stock exchanges. This technique is founded on the assumption that investors operate rationally and without bias, and that they evaluate the value of an asset at any given time based on future expectations.
Therefore, Thus option (D) is correct.
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should you feel bad about quitting your job for more money when you like your job
Answers
2. What do you think Alana's goals should be?
Answers
I think Alana's goal should be to create a budget that will make her save enough money to pay for all expenses.
What's plutocrat? Plutocrat is any item or empirical record that's generally accepted as payment for goods and services and prepayment of debts, similar as levies, in a particular country or socio- profitable environment.The primary functions which distinguish plutocrat are as a medium of exchange, a unit of account, a store of value and occasionally, a standard of remitted payment. What's significance of plutocrat? Plutocrat can not buy happiness, but it can buy security and safety for you and your loved bones. Mortal beings need plutocrat to pay for all the effects that make your life possible, similar as sanctum, food, healthcare bills, and a good educationLearn more about money here:
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Q9. WE Company has completed all operating budgets other than the income statement for 2024. Selected data from these budgets follow.
Sales: $350,000
Purchases of raw materials: $145,000
Ending inventory of raw materials: $15,000
Direct labor: $40,000; Manufacturing overhead: $73,000, including $3,000 of depreciation expense
Selling and administrative expenses: $36,000 including depreciation expense of $1,000; Interest expense: $1,000
Principal payment on note: $2,000; Dividends declared: $2,000 and Income tax rate: 30%
Other information:
Assume that the number of units produced equals the number sold.
Year-end accounts receivable: 4% of 2024 sales.
Year-end accounts payable: 50% of ending inventory of raw materials.
Interest, direct labor, manufacturing overhead, and selling and administrative expenses other than depreciation are paid as incurred.
Dividends declared and income taxes for 2014 will not be paid until 2015.
Instructions
(a) Calculate budgeted cost of goods sold.
(b) Prepare a budgeted income statement for the year ending December 31, 2014.
(c) Prepare a budgeted balance sheet as of December 31, 2014
Answers
Answer:
(a) To calculate the budgeted cost of goods sold, we need to use the following formula:
Beginning Inventory of Raw Materials + Purchases of Raw Materials - Ending Inventory of Raw Materials + Direct Labor + Manufacturing Overhead = Total Manufacturing Costs
$0 (assuming no beginning inventory of raw materials) + $145,000 - $15,000 + $40,000 + $73,000 = $243,000
Then, we can use the following formula to calculate the budgeted cost of goods sold:
Total Manufacturing Costs + Beginning Finished Goods Inventory - Ending Finished Goods Inventory = Cost of Goods Sold
$243,000 + $0 - $0 = $243,000
Therefore, the budgeted cost of goods sold is $243,000.
(b) Using the information above, we can prepare a budgeted income statement for the year ending December 31, 2014 as follows:
WE Company
Budgeted Income Statement
For the Year Ending December 31, 2014
Sales $350,000
Cost of Goods Sold $243,000
Gross Profit $107,000
Selling and Administrative Expenses $36,000
Depreciation $1,000
Interest Expense $1,000
Income before Taxes $69,000
Income Tax Expense $20,700
Net Income $48,300
(c) Using the information above, we can prepare a budgeted balance sheet as of December 31, 2014 as follows:
WE Company
Budgeted Balance Sheet
As of December 31, 2014
Assets
Cash TBD
Accounts Receivable TBD
Inventory of Raw Materials $15,000
Finished Goods Inventory TBD
Total Assets TBD
Liabilities and Stockholders' Equity
Accounts Payable TBD
Note Payable TBD
Stockholders' Equity TBD
Total Liabilities and Stockholders' Equity TBD
To complete the budgeted balance sheet, we need additional information such as the amount of cash, accounts receivable, finished goods inventory, note payable, and stockholders' equity.
Which occurrence is an emerging trend in International agricultural marketing? A the percentage of agricultural trade is decreasing В. the percentage of agricultural trade is increasing C.agricultural markets around the world are shrinking D. developing nations have moved from net importers to net exporters E. developed nations have stopped trading in agriculture
Answers
Answer:
answer is b
Explanation:
Answer:
the answer is b
Explanation:
i got it right on edmentum
Sofia bought a couch that required a $60 down payment and $60 per month for the next eight months. Which type of liability does this describe?.
Answers
Assuming Sofia bought a couch that required a $60 down payment. This liability describes d) a current liability.
What is a current liability?
Current liability can be defined as the amount owed or debt a person is expected to pay back within a stipulated period.
A company's short-term financial commitments that are due in a year or within a typical operational cycle are known as current liabilities. An organization's operational cycle, also known as the cash conversion cycle, is the period of time it takes to buy inventory and turn that inventory into cash through sales. The sums owing to suppliers in the form of accounts payable are an illustration of a current liability. A company's short-term financial commitments that are due in a year or within a typical operational cycle are known as current liabilities. An organization's operational cycle, also known as the cash conversion cycle, is the period of time it takes to buy inventory and turn that inventory into cash through sales.
Since Sonia is expected to pay $60 per month for eight months which means that Sonia has a debt to deliver within a year.
Therefore this liability describes d) a current liability.
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the final step of the decision-making process is:
A: evaluating the results
B: gathering information
C: identifying the problem
D: selecting the best course of action
Answers
Answer:
C . identifying the problem
Answer:
A
Explanation:
A. Evaluating the results
Describe a hypothetical government budget that employs an expansionary policy.
Answers
Answer:
Expansionary fiscal policy involves strategy which includes tax cutting, rebates and increase spending.
Explanation:
The government budget will be modified to the tax cutting strategies to implement expansionary fiscal policies. This includes increase in spending so that less money is saved and the tax amount on the profit is minimum.
FIRST ANSWER WILL BE NAMED BRAINLIEST
Which action would effectively and appropriately address a budget deficit?
A. reduce income
B. reduce expenses
C. apply for bankruptcy
D. apply for new credit
Answers
Answer:
It is letter B
Explanation:
Reducing expenses would effectively and appropriately address a budget deficit. Thus option B is correct.
What is the budget?A budget is a financial plan that projects future earnings and costs. A budget, put simply, forecasts future finances in addition to anticipated revenues and expenditures. Calculating the company's earnings and costs for a set period of time is the procedure for creating a budget.
Increasing tax rates while decreasing government expenditures are the two apparent ways to minimize a budget deficit. the reduction of government spending and/or the raising of taxes, which results in either a rise in the primary surplus or a decrease in the budget deficit. greater taxes and less funding by the government. If public spending is lower than tax receipts, a budget surplus results.
Therefore, option B is the correct option.
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Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power Drive has 100,000 shares of common stock outstanding as of the beginning of 2024. Power Drive has the following transactions affecting stockholders' equity in 2024.
March 1 Issues 63,000 additional shares of $1 par value common stock for $60 per share.
May 10 Purchases 5,800 shares of treasury stock for $63 per share.
June 1 Declares a cash dividend of $1.90 per share to all stockholders of record on June 15. (Hint: Dividends are not paid on treasury stock.)
July 1 Pays the cash dividend declared on June 1.
October 21 Resells 2,900 shares of treasury stock purchased on May 10 for $68 per share.
Power Drive Corporation has the following beginning balances in its stockholders' equity accounts on January 1, 2024: Common Stock, $100,000; Additional Paid-in Capital, $5,300,000; and Retained Earnings, $2,800,000. Net income for the year ended December 31, 2024, is $680,000.
Required:
Prepare the stockholders' equity section of the balance sheet for Power Drive Corporation as of December 31, 2024.
Answers
The preparation of the stockholders' equity section of the balance sheet for Power Drive Corporation as of December 31, 2024, is as follows:
Power Drive Corporation
Stockholders' Equity SectionAs of December 31, 2024
Common Stock, 163,000 shares at $1 par value $163,000
Treasury Stock, 2,900 shares at $1 par value (2,900)
Additional Paid-in Capital 8,851,700
Retained Earnings 3,081,400
Total equity $12,093,200
Data and Calculations:Beginning balances in stockholders' equity accounts on January 1, 2024:
Common Stock, $100,000
Additional Paid-in Capital, $5,300,000
Retained Earnings, $2,800,000
Net income for the year ended December 31, 2024, = $680,000
Transaction Analysis:March 1 Cash $3,780,000 Common Stock $63,000 Additional Paid-in Capital $3,717,000
May 10 Treasury Stock $5,800 Additional Paid-in Capital $359,600 Cash $365,400
June 1 Cash dividend $398,600 ($1.90 x 157,200) Dividends Payable $398,600
July 1 Dividends Payable $398,600 Cash $398,600
October 21 Cash $197,200 Treasury Stock $2,900 Additional Paid-in Capital $194,300
Summary Accounts
Retained Earnings Statement:Beginning balance $2,800,000
Net income 680,000
Dividends (398,600)
Ending balance $3,081,400
Common Stock:Beginning balance $100,000
March 1 Cash 63,000
Ending balance $163,000
Additional Paid-in Capital,Beginning balance $5,300,000
March 1 Cash 3,717,000
May 10 Cash (359,600)
Oct. 21 Cash 194,300
Ending balance $8,851,700
Treasury Stock:May 10 Cash $5,800
Oct. 21 Cash (2,900)
Ending balance $2,900
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If Jeffrey was unable to control his communication in a way that presented an "idealized" version of himself, he would be lacking in
Answers
Answer:
b. identity management.
Explanation:
Since in the question it is mentioned that Jeffrey is not able to control his communication and represent as an idealized version so he would be lacking in identity management as it deals with the process in an organization that have features like identifying, authenticate for accessing the application, user rights, restriction, etc
Therefore it is a case of identity management
Example of derivative securities isA. return backed securityB. mortgage backed securityC. cash flow backed securityD. interest backed security
Answers
Mortgage-backed securities are an example of derivative securities. A derivative security is a financial instrument whose value is determined by another asset's value. Futures, forwards, options, and swaps are the four primary forms of derivatives.
Derivatives (also known as derivative assets or contingent claims) are securities whose value is determined by an underlying asset or benchmark (also known as the underlying) — another security, commodity, or some benchmark, such as a specific interest rate or the value of a financial index at a specified time. Derivatives are a sort of structured product that is based on a contract and involves the structuring of an asset or combination of assets to offer an investment or hedge with a risk and return profile that would otherwise be unavailable with simpler assets. Primitive securities are based on real assets or payments made by the issuer. Stocks, for example, reflect an ownership interest in a firm, but bonds are valued mostly on what the issuer promises to pay.
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