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1 year ago

On April 1, 10,000 shares of $20 par common stock were issued at $24.

Business

1 answer:

Ann [662]1 year ago

4 0

Answer:

The journal entry to record this transaction would be:

April 1, 10,000 shares issued

Dr Cash 240,000

Cr Common stock 200,000

Cr Additional paid in capital 40,000

The balance sheet is affected:

Assets = Liabilities + Stockholders' equity

Cash = NA Common stock APIC

$240,000 $200,000 + $40,000

increases increases increases

The cash flow statement is also affected since cash from financing activities increases by $240,000. The statement of shareholders' equity is also affected because equity increases by $240,000.

The income statement is not affected.

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Mark runs a home improvement business. He is happy with the level of business he receives, but he wants to learn more about his

Klio2033 [76]

Answer:

Secondary Data

Explanation:

Secondary data is defined as the data that is collected by the other people other than the end users of it.

In the case, Mark is the end users. And the data is of U.S census bureau, other governments agencies, database, however, is not collected by Mark but by marketing research firms and different reports instead.

So that, in this case, Mark is using secondary data.

5 0

2 years ago

Bonnie and Clyde each own one-third of a fast-food restaurant, and their 13-year-old daughter owns the other shares. Both parent

yanalaym [24]

Answer:

Net income = $180,000

- salaries = ($30,000 + $35,000 + $10,000 = $75,000)

adjusted net income = $105,000

the adjusted net income must now be divided equally between the 3 partners:

Bonnie: $35,000
Clyde: $35,000
daughter: $35,000

Their yearly gross income:

Bonnie: $35,000 + $30,000 = $65,000
Clyde: $35,000 + $35,000 = $70,000
daughter: $35,000 + $10,000 = $45,000

total taxable income = $65,000 + $70,000 + $45,000 = $180,000

7 0

2 years ago

All the airlines that fly to the island country of Klerwada distribute tourist information pamphlets in their flights. These pam

ivann1987 [24]

Answer:

Place Marketing

Explanation:

Based on the scenario being described it can be said that the marketing strategy that is being illustrated is known as Place Marketing. This is a business strategy that focuses on mainly attracting different investors, visitors (tourists) or talent to the company/business. This is term brings in potential customers that increase revenue for the businsess.

7 0

2 years ago

Auto parts manufacturer JEG Inc. has a number of vacancies at lower management levels and wants to fill the positions from withi

Ainat [17]

Answer:

B)Unqualified applicants will need explanations about why they did not get the job.

Explanation:

From the question we are informed Auto parts manufacturer JEG Inc. who has a number of vacancies at lower management levels and wants to fill the positions from within the company itself rather than recruit externally. The company plans to e-mail the job specifications to all employees and post the jobs on the company Web site. In this case, what could weaken the company's decision, is that Unqualified applicants will need explanations about why they did not get the job.

7 0

1 year ago

Tom’s Tent Company has total fixed costs of $300,000 per year. The firm's average variable cost is $80 for 10,000 tents. At that

Ghella [55]

Answer:

The firm average total cost is $110

correct option is d. $110

Explanation:

given data

total fixed costs = $300,000 per year

average variable cost = $80

tents = 10,000

to find out

we know that average total costs is sum of average fixed cost and average variable cost .........................1

here

Average fixed cost = total fixed cost ÷ number of unit output

Average fixed cost = $\frac{300,000}{10,000}$

Average fixed cost = $30

average total costs = Average fixed cost + average variable cost

average total costs = $30 + $80

average total costs = $110

correct option is d. $110

8 0

2 years ago