Answer:
a) Feb. 1 Issued 8,000 shares of common stock for $48,000.
Dr Cash 48,000
Cr Common stock 32,000
Cr Paid-in Capital in Excess of Stated Value - Common Stock 16,000
Mar. 20 Purchased 1,600 additional shares of common treasury stock at $7 per share
Dr Treasury stock 11,200
Cr Cash 11,200
Oct. 1 Declared a 7% cash dividend on preferred stock, payable November 1.
Dr Retained earnings (4,800 x 100 x 7%) 33,600
Cr Preferred dividends payable 33,600
Nov. 1 Paid the dividend declared on October 1.
Dr Preferred dividends payable 33,600
Cr Cash 33,600
Dec. 1 Declared a $0.50 per share cash dividend to common stockholders of record on December 15, payable December 31, 2022.
Dr Retained earnings (398,400 x $0.50) 199,200
Cr Common dividends payable 199,200
Dec. 31 Determined that net income for the year was $450,000. Paid the dividend declared on December 1.
Dr Common dividends payable 199,200
Cr Cash 199,200
Dr Income summary 450,000
Cr Retained earnings 450,000
b) T-accounts
Common stock
debit credit
$1,600,000
$32,000
$1,632,000
Paid-in capital in excess of par value - common stock
debit credit
$768,000
$16,000
$784,000
Treasury stocks
debit credit
$64,000
$11,200
$75,200
Retained earnings
debit credit
$1,100,800
$33,600
$199,200
$450,000
$1,318,000
Preferred stocks
debit credit
$480,000
Paid-in Capital in Excess of Stated Value - Common Stock
debit credit
$24,000
c) Stockholders' equity section
Paid-in capital:
Preferred Stock (7%, $100 par $480,000
noncumulative, 8,000 shares authorized)
Paid-in Capital in Excess of Par $24,000 $504,000
Value - Preferred Stock
Common Stock ($4 stated value, $1,632,000
480,000 shares authorized)
Paid-in capital in excess of par $784,000 $2,416,000
value - common stock
Total paid-in capital $2,920,000
Retained Earnings $1,318,000
Treasury Stock (9,600 common shares) ($75,200)
Total stockholders' equity $4,162,800
d) payout ratio = dividends per share / EPS
dividends per share = $0.50
EPS = $1.04
payout ratio = $0.50 / $1.04 = 0.48 = 48%
EPS = (net income - preferred dividends) / weighted average shares outstanding
net income = $450,000
preferred dividends = $33,600
weighted average shares outstanding = 400,000 - 8,000 + (8,000 x 11/12) - (1,600 x 79/365) = 398,987
EPS = ($450,000 - $33,600) / 398,987 = $1.0436 ≈ $1.04
return on common stockholders' equity = (net income - preferred dividends) / average stockholder's equity
average stockholders' equity = ($3,404,800 + $3,658,800) / 2 = $3,531,800
return on common stockholders' equity = $416,400 / $3,531,800 = 0.1179 = 11.79%
What is a tax refund?
Answer:
A tax refund is essentially a payment to the taxpayer when the taxpayer pays more tax than they owe.
Explanation:
May I have brainliest please? :)
A tax refund is essentially a payment to the taxpayer when the taxpayer pays more tax than they owe.
What is tax refund?An amount given to a taxpayer to make up for any overpayments made to the federal or state governments is known as a tax refund. Refunds are frequently perceived by taxpayers as a windfall or a lucky break, but in reality, they often equate to a loan that the taxpayer made to the government at no interest.
It depends on the discrepancy between the annual tax due and the amount of tax withheld throughout the year. If the amount of tax payable is less than the latter sum, the individual receives a tax refund.
When too much money is withheld from their taxes, the taxpayer gets a refund at the end of the year.
Thus, A tax refund is essentially a payment to the taxpayer.
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Credit cards can help _____________ when paid off on time regularly.
Answer:
lower your debt
Explanation:
Credit cards can help to lower debt when paid off on time regularly.
What is Credit card?A credit card is a sort of credit facility offered by banks that allows clients to borrow monies up to a pre-determined credit limit. It allows customers to make purchases of products and services. When using a credit card, you must make at least the minimum payment each month by the balance's due date.
Paying it down on time might help to boost the credit. People who do not have much credit history may have difficulty obtaining a beginning card. A card with a lower credit score may be appropriate in some instances, but for many people, a secured card is a better alternative.
The lower credit usage, the smaller credit card balance. Paying your credit card debt on time and consistently might enhance your credit score.
As a result, if credit score improves, you may be able to qualify for lower interest rates and other loans, such as mortgages.
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Have a look at the top 10 brands in the world, what similarities can you see in regards to their marketing activities
s you probably know, brand equity is becoming increasingly important factor to successful brands. Brand equity has the ability for firms to to gain additional market share, at a price premium, with increased customer loyalty, and greater acceptance of new products. It also provides significantly more access to more retailer channels and easier ability to enter new markets.
Professional valuation companies that rank firms on the brand equity value consider how much the brand contributes to additional profitability. Here are the top 10 brands for 2015 as determined by Millward Brown.
Apple
Microsoft
IBM
Visa
AT&T
Verizon
Coca-Cola
McDonalds
Marlboro
1. What is the dilemma K to 12 graduates face when applying for a job? Plss help me asap
Answer:
what is that am seeing here
what is nbetter fender gibson or danelectro guitars. (in your opinion). I ALREADY HAVE MINE DANELECTRO ALL THE WAY.
Answer:
Danelectro Guitars
Explanation:
They are just cool.
. In 2000, KFC® and A&W® restaurants successfully merged because each had a strong
signature product: KFC’s fried chicken and A&W’s root beer floats.
Branding strategy used:
Answer:
Co-branding/Multi-branding
Explanation:
Multi-branding
Co-branding is a form of branding that connects companies together. Essentially, co-branding is a marketing partnership between two or more businesses.
Since the press was copied on Ms. Stiles’ letter, should the mall copy them on its reply
Answer:
Yes, For Public relations reason
Explanation:
Public relations are the efforts of a company to create a good reputation within society. It involves managing communications to ensure messages that enhance good relations get to the intended audience. Public relations use unpaid media messages to create a good reputation for the organization.
The mall should copy the press in its reply to Ms. Stiles. The letter could be damaging the mall's reputation. By replying and copying the press, the mall presents itself as responsible and sensitive to its customers. The mall should take that opportunity to repairs any damages and market itself further.
pros and cons of franchises??
Mack writes a check to his maid, Marianne, in payment for services rendered. Marianne indorses the check in blank and gives the check to her masseuse, Janet, in exchange for a neck massage. Without indorsing the check, Janet gives the check to Martin, her newspaper carrier in payment for the next four month's delivery charges. Martin indorses with a special indorsement and negotiates the check to his church, St. Mark. The church indorses the check and deposits it in its bank account. If Mack's bank later dishonors the check, to whom may St. Mark's look for recovery?a. Martin onlyb. Only Mackc. Mack, Marianne, Janet, and Martind. Mack, Marianne, and Martin
Answer:
Explanation:
Mack, Marianne, and Martin
Explanation:
From the question, we are informed about, Mack who writes a check to his maid, Marianne, in payment for services rendered. Marianne indorses the check in blank and gives the check to her masseuse, Janet, in exchange for a neck massage. Without indorsing the check, Janet gives the check to Martin, her newspaper carrier in payment for the next four month's delivery charges. Martin indorses with a special indorsement and negotiates the check to his church, St. Mark. The church indorses the check and deposits it in its bank account. If Mack's bank later dishonors the check. In this case St. Mark's may look for recovery from Mack, Marianne, and Martin. This is because the check was endorsed by three of them and as a result of this anything that happened to the check may be it's not been accepted or other things, they will be held responsible for it since they signed at the back of the check.
The end goal of budgeting is to plan and ____ organizational finances successfully?
A. justify
B. control
C.explain
D.increase
Answer:
B
Explanation:
Controlling is another organizational goal
careers with adverse working conditions often demand higher wages. Adverse working conditions might include
irregular work schedule
decision making
uncomfortable environment
required experience
Answer:
uncomfortable environment
Explanation:
Adverse working conditions create challenges for employees as they execute their mandate. These conditions may result from extreme weather, either very hot such, extremely cold, floods, snow, or windy. Adverse conditions could also refer to security concerns in place of work.
Political unrest, high crime rate, and civil wars create adverse conditions. The nature of work can also make working a challenge. Miners working many feet underground or soldiers on a battlefield are examples of challenges due to work.
Answer:
C) uncomfortable environment
Explanation:
Write any two ways of collecting rain water and its advantages.
Answer:
Harvesting rainwater can help the environment in a number of ways. ...
Reduces Water Bills. ...
Reduces Demand on Ground Water. ...
Can Be Used for Non-drinking Purposes
7. XYZ stock price and dividend history are as follows: An investor buys three shares of XYZ at the beginning of 2010, buys another two shares at the beginning of 2011, sells one share at the beginning of 2012, and sells all four remaining shares at the beginning of 2013. (LO 5-1)
Answer:
A lot of information (number are missing) as well as the requirements, so I looked for a similar question and found:
Year Beginning-of-Year Price Dividend Paid at Year-End
2010 $ 108 $4
2011 $ 112 $4
2012 $ 98 $4
2013 $ 103 $4
a. Calculate the time-weighted rate of return for the investor?
b. Calculate the money-weighted rate of return for the investor?
a) first we must determine the holding period return (HPR) for:
2010 = [($336 - $324) + $12] / $324 = 0.074
2011 = [($490 - $560) + $20] / $560 = -0.089
2012 = [($412 - $392) + $16] / $392 = 0.092
time weighted rate of return (TWRR) = [(1 + 0.074) x (1 - 0.089) x (1 + 0.092)] - 1 = 1.0684 - 1 = 0.0684 = 6.84%
b) calculating the money weighted rate of return is similar to calculating the IRR of a project:
cash flow at the beginning of 2010 = -$108 x 3 = -$324
cash flow at the beginning of 2011 = (-$112 x 2) + $12 = -$212
cash flow at the beginning of 2012 = $98 + $20 = $118
cash flow at the beginning of 2013 = ($103 x 4) + $20 = $432
using an excel spreadsheet, the MWRR = 1.08%
Question 2 (2 points)
The factors of production include all of the following EXCEPT
a
Government resources
Natural resources
Capital resources
Human resources
Answer:
Government resources
Explanation:
Factors of production are also known as inputs in the production process. They four in number and include land, entrepreneurship, capital, and labor.
Land refers to the natural resources occurring beneath, above, and on earth's surface. They include minerals, fertile agricultural land, water, forests, air, gas, space for building, and many others.Capital refers to the resources required to start and run a business. It includes finances, technology, methodology, plants and machinery, among others.Labor is the human input in the production process. Human beings contribute skills, knowledge, energy, and time.Entrepreneurship is the mobilization and organization of all the other factors(land, capital, and labor) to start and run a successful business.Suppose you are given a $100 gift card and you choose" to spend it on a number of goods. You will select a combination of goods that is best for you and that maximizes your satisfaction. Your choices will involve which of the following?
A. A decision between attainable and unattainable combinations of the goods under consideration.
B. The available supply of each good considered.
C. A comparison of marginal benefits and marginal costs for each good considered.
D. An evaluation of the unlimited resources used in the production of each good considered.
Answer:
C. A comparison of marginal benefits and marginal costs for each good considered.
Explanation:
When a consumer wants to maximise satisfaction he puts into consideration the benefits he will gain by making a purchase.
Only when the benefits exceed the marginal cost of getting the product will this be a choice that maximises satisfaction.
In the given scenario you are given a $100 gift card and you choose to spend it on a number of goods. You will select a combination of goods that is best for you and that maximizes your satisfaction.
To do this ensure that marginal benefit exceeds marginal cost
A gift is about $100 card
The amount is spend on the number of goods. Thus answer is they show a marginal benefit an cost.
These are combination of the goods that will involve the comparison of marginal benefits and the costs for each of the items.Hence the option C is correct.As consumer wants to maximize the satisfaction he puts into the consideration the benefits he will gain by making a purchase.Learn more about the given gift of $100.
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Accounting information systems: Multiple Choice require a CITP designation to understand. report only financially related information. are always computerized. are an information system that records, processes, and reports on transactions to provide financial and nonfinancial information for decision making and control.
Answer: Are an information system that records, processes, and reports on transactions to provide financial and nonfinancial information for decision making and control.
Explanation:
Accounting information systems are very useful because they combine accounting records with processes thereby coming up with reports on transactions that provide relevant stakeholders with both financial and non-financial information needed for decision making and control.
Accounting systems do not require a Certified International Trade Professional (CITP) designation to understand neither does it report only financially related information nor is it always computerized.
Louis is a student at Texas A&M who just secured a summer internship working for the marketing department of Southwest Airlines. He is assisting Marlene, one of the marketing managers, with a competitive assessment of the U.S. market. Marlene wants him to think outside of the box when assessing the competition. She tells him to think beyond direct competitors to any competitors that might be able to offer similar services as Southwest. Refer to Scenario 3.1. Which of the following represents a generic competitor to Southwest Airlines?
a. GoKarts USA
b. Greyhound Bus
c. FedEx Express
d. Delta Airlines
e. Harley Davidson
Answer:
The answer is "Option b".
Explanation:
The Greyhound Bus uses the three types of fare, that were being used by Greyhound, and the extra travelers Economy and Luxury pay non-refundable costs, receive $20 to upgrade their fares or one carriage free or one luggage free. Additional travelers from Business also receive priority loading but collect further rewards than travelers from Business.
Question 9 of 20
All of the following are benefits to earning a college degree except.
A. job protection.
B. earning more money.
C. better consumer decision making.
D. paying fewer taxes.
Answer:
D
Explanation:
Because you still have to pay the same amount of taxes.
what is professional education!
Answer:
Professional education is a formal specialized training about a particular profession in which learners are taught the central concepts, principles, and techniques, and how these are applied in real practice, and the learners also acquire the necessary competencies needed for proper practice and behaviour.
Professional education is a formalized approach to specialized training in a professional school through which participants acquire content knowledge and learn to apply techniques. Although content is what the participant is expected to learn by attending professional school, such an education also helps the participant acquire the competencies needed for proper practice and behavior.
I'll GIVE BRAINLIEST!!!
FIX IT PLS
Answer:
What are we suppose to exactly do?
Explanation:
PLEASE HURRYYYY THIS IS DUE RIGHT NOW 20 POINTS
Please select the word from the list that best fits the definition Fossil fuels are the only cause of global warming. Absolute or Qualified?
Answer:
absolute
Explanation:
cause oils from mine feilds an certain refreshners cause global warming
Answer:
Absolute
Explanation:
Identify which basic assumption of accounting is best described in each/some item(s) presented below:a) The economic activities of FedEx Corporation are divided into 12-month periods for the purpose of issuing annual reports.b) Solectron Corporation, Inc. does not adjust amounts in its financial statements for the effect of inflation.c) Walgreen Co. reports current and non-current classifications in its balance sheet.d) The economic activities of General Electric and its subsidiaries are merged for accounting and reporting purposes.
Answer:
a) The economic activities of FedEx Corporation are divided into 12-month periods for the purpose of issuing annual reports.
Periodicity principle: companies have to report their financial statements and operations over standard periods of time.
b) Solectron Corporation, Inc. does not adjust amounts in its financial statements for the effect of inflation.
Monetary unit: companies have to report their financial statements in a unit of valid currency.
c) Walgreen Co. reports current and non-current classifications in its balance sheet.
Going concern: companies are expected to continue operating in the future.
d) The economic activities of General Electric and its subsidiaries are merged for accounting and reporting purposes.
Economic entity: companies must report the transactions that involve them and their subsidiaries, but not the transactions that involve their owners or other companies.
differentiate between consumer goods and capital goods and give example in each Case
Answer:
see below
Explanation:
Consumer goods are bought for consumption. They are used to satisfy the needs and wants of the final consumers. Consumer goods are not meant for future production activities. Examples include foodstuff bought for eating, motor vehicle, homes, and clothing.
Capital goods are products used in the making of goods and services. They are inputs used to make consumers goods. Capital goods are not for resale but to help a business generate more sales. They include plants and machinery.
Goods can either be consumer or capital depending on use. An apple bought for eating is a consumer good, but when used to make apple juice is a capital good.
Is there any way for someone to search for someone's user on here?
Answer:
No there is not
Explanation:
Sorry
what is the specific goal of product promotion ?
Answer:
Promotional goals include creating awareness, getting people to try products, providing information, retaining loyal customers, increasing the use of products, and identifying potential customers, as well as teaching potential service clients what is needed to “co-create” the services provided.
Uncertainty avoidance
A. The extent to which people accept as normal an unequal distribution of power Power distance
B. Characterized by tight social frameworks in which people tend to base their identities on the group or organization to which they belong Collectivism
C. The extent to which people feel threatened by unknown situations and prefer to be in clear and unambiguous situations Masculinity
D. The extent to which the dominant values in a society emphasize aggressiveness and the acquisition of money and other possessions as opposed to concern for people, relationships among people, and overall quality of life
Chinese executives who come to work in the United States may slowly begin to act more like U.S. managers and less like Che managers
a. Culture
b. Cultural etiquette
c. Globalization
d. Internationalization
Answer:
Uncertainty avoidance
C. The extent to which people feel threatened by unknown situations and prefer to be in clear and unambiguous situations MasculinityUncertainty avoidance represents how societies or groups do not like to deal with uncertainty or ambiguous situation, i.e. the unknown. The higher the uncertainty avoidance, the lower the risks that a society or group is willing to take. Societies or groups with high uncertainty avoidance will develop strong cultures and norms, authority will be rarely questioned and people will follow established procedures and rules.
Chinese executives who come to work in the United States may slowly begin to act more like U.S. managers and less like Chinese managers
d. InternationalizationInternationalization takes place when individuals that migrate to other countries start losing their national cultural habits and start acting like the individuals of the country or countries that they move to. This process takes place when immigrants are assimilated by the new culture and they themselves /the immigrants) assimilate the new culture as their own or blend some aspects of the new culture with aspects of their national culture.
PLS NEED HELP IM BEHIND BAD
Answer:
I swear to god you dont read these
Explanation:
A) Auto Mechanics
D) Cunstruction Workers
maybe b probs not tho
Does the business able to make the most out of the fixed asset?
Answer: Fixed assets are long-term items that add value to your business. They are tangible assets that you do not expect to convert into cash in less ... asset because you want to convert it into cash as fast as possible. ... You must keep up with maintenance schedules to get the longest life out of your fixed assets.
Explanation: PLEASE GIVE BRAINLIST
centrifuge is a device used to separate solid components .true or false
Answer: True
Explanation: Hope This Helps :)
Mrs. Hanson has 2 pies for a party. She calculates that if she splits the pies evenly among the guests, they will each receive
1
8
of a pie. How many guests are there?
Answer:
16 guests
Explanation:
If each guest is getting 1/8 of a pie, it means one pie is being divided into eight parts. One part is 1/8. One pie will be served to eight guests.
Two pies will be sufficient for 2x 8 = 16 guests.