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sergey [27]
2 years ago
6

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

Business
1 answer:
Ann [662]2 years 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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Aleks [24]

Answer:

The correct answer is option (c).

Explanation:

Solution

From the question sated above the answer is, Firms or organisation decrease inventory because the more we spend on inventory, the more we will need to spend on the other related inventory expenditures.

The reason is because if the inventory is kept full or complete, then the cost related or connected with the maintenance of the inventory increases or goes up and it is not beneficial for the company itself.

7 0
2 years ago
Lisa surveyed a sample group of people. Based on her survey, Lisa suggested to her company that they develop a customizable trav
saw5 [17]
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8 0
2 years ago
A pharmaceutical company in 2016 is researching the market conditions for their newest cold medicine. They pull demographic data
Schach [20]

Answer:

Secondary data technique is not perfect for marketing research

Explanation:

The secondary method is useful, as it is difficult to perform or conduct a new survey. More, importantly using secondary data technique in marketing research is not an ideal method, because the data may be inaccurate or outdated. The pharmaceutical company was performing marketing research, and usually, the availability of new marketing data is challenging to get from secondary sources.

5 0
2 years ago
Perform online or offline research to learn more about how farmers, ranchers, and other stakeholders in the United States practi
Karolina [17]

Answer:

Organic Farming-The natural cultivating development makes a difference to anticipate water contamination and other natural harm whereas expanding yields. A few considers have appeared that corn plants, developed naturally, can deliver up to 30% more corn than when developed customarily. Not as it were are you getting more from your trim, but you’re finishing the same errand without jeopardizing your nearby environment.

Crop Rotation-Edit revolution depends on three diverse sorts of crops — cash, filler and cover. Your cash crops are the ones you’re getting to be making cash off of or eating yourself. Filler crops keep the field from going neglected amid the low season whereas regularly contributing to soil wellbeing and richness, and cover crops do the same without requiring much observing or support.

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Explanation:

8 0
2 years ago
Markland Manufacturing intends to increase capacity by overcoming a bottleneck operation by adding new equipment. Two vendors ha
mafiozo [28]

Answer:

6,250 units; 7,000 units

Explanation:

Given that,

Fixed costs for proposal A = $50,000

Fixed costs for proposal B = $70,000

Variable cost for A = $12.00

Variable cost for B = $10.00

Revenue generated by each unit = $20.00

Let x be the number of units at break even point,

(a) Condition for break-even point in units:

Total cost = Total revenue

Fixed cost + Variable cost = (Number of units × Revenue generated by each unit)

50,000 + 12x = 20x

50,000 = 8x

6,250 = x

(b) Condition for break-even point in units:

Total cost = Total revenue

Fixed cost + Variable cost = (Number of units × Revenue generated by each unit)

70,000 + 10x = 20x

70,000 = 10x

7,000 = x

7 0
2 years ago
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