Which federal regulatory agency would most likely bring a civil suit against a business that broke securities laws?

If I have the only telephone in town, it is essentially worthless. Then other people in town get telephones and I can call them.

ivolga24 [154]

Answer:

Explanation:

5 0

1 year ago

Having just finalized its new tablet design, Epic Electronics's marketing team plans to begin a rollout with ________ to only on

wlad13 [49]

Answer:

Exclusive distribution; Selective distribution; Intensive distribution

Explanation:

Exclusive distribution refers to the phenomenon where only certain retailers are given the opportunity to carry the product in their retailer shops. For example as in the above case, only one store is exclusively chosen.

Selective distribution is that retailers are carefully selected to engage in the product of selling. For example only a few stores are engaged with in the above question.

Intensive distribution is when all kind of retailers are given the opportunity to keep the products in their shops. For example the last phase described in the question where all sorts of retailers are engaged in selling activity.

4 0

2 years ago

Acadia, Inc. recorded restructuring charges of $235,542 thousand during fiscal 2017 related entirely to anticipated employee sep

Karolina [17]

Answer:

A. $205,899 thousand

Explanation:

cash flow effect = restructuring charges - the company’s balance sheet included a restructuring accrual

= $235,542 thousand - $29,643 thousand

= $205,899 thousand

Therefore, The cash flow effect of Acadia’s restructuring during fiscal 2017 was $205,899 thousand.

4 0

1 year ago

On February 2, 2016, the Farmer Corporation issued 9,000 shares of no-par stock for $17 per share. Within two hours of the issue

hichkok12 [17]

Answer:

D. 189,000 = NA + 189,000 NA - NA = NA 189,000 FA

Explanation:

The accounting equation shows the relationship between the elements of a balance sheet which are assets liabilities and equity. This may be expressed mathematically as

Assets = Liabilities + Equity

While assets include fixed assets, cash, inventories, account receivables etc, liabilities include accounts payable, loans payable, accrued expenses etc.

Equity which represents the amount owed to the owners of the business includes retained earnings (which is the accumulation of the net income/loss over the years less dividends paid) and common shares.

When 9,000 shares of no-par stock issued for $17 per share increases to $21, this means that the additional amount

= ($21 - $17) × 9000

= $36,000

Amount to be collected from the issue

= $21 × 9000

= $189,000

This will result in an increase in cash and an increase in owners equity (the respective debits and credits).

5 0

1 year ago

Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions

Vikentia [17]

Answer:

1. $77,200 Cost of goods available for sale & 1,800 units available for sale

2. 400 units in ending inventory

3. FIFO $18,400, LIFO $18,000, WEIGHTED AVERAGE $17,760 and SPECIFIC $18,200

4. FIFO $46,200, LIFO $45,800, WEIGHTED AVERAGE $45,560 and SPECIFIC $46,000

Explanation:

1. Cost of goods available for sale is computed as follows:

1-Jan 600 45 27,000

10-Feb 400 42 16,800

13-Mar 200 27 5,400

21-Aug 100 50 5,000

5-Sep 500 46 23,000

1,800 77,200

2.Units ending inventory is computed by deducting available units for sale 1,800 by the units sold 1,400 equals 400 units.

3. Ending inventory is computed as follows:

FIFO

5-Sep 400 x $46 = $18,400.00

LIFO

Jan 1 400 x $45 = $18,000.00

SPECIFIC

10-Feb 100 x $42 = 4,200.00

21-Aug 50 x $50 = 2,500.00

5-Sep 250 x $46 = 11,500.00

400 18,200.00

WEIGHTED AVERAGE

Jan 1 600 x $45.00 = 27,000.00

10-Feb 400 x $42.00 = 16,800.00

13-Mar 200 x $27.00 = 5,400.00

1,200 41.00 49,200.00

Sales (800) x $41.00 = (32,800.00)

Total 400 $41.00 16,400.00

21-Aug 100 x $50.00 = 5,000.00

5-Sep 500 x $46.00 = 23,000.00

Total 1,000 $44.40 44,400.00

Sale (600) $44.40 (26,640.00)

Balance 400 $44.40 17,760.00

4. computation of gross profit are as follows:

FIFO

SALE

15-Mar 800.00 75.00 60,000.00

10-Sep 600.00 75.00 45,000.00

1,400.00 105,000.00

COGS FIFO

Date Units Price Amount

1-Jan 600 45 27,000

10-Feb 200 42 8,400

13-Mar 200 27 5,400

21-Aug 100 50 5,000

5-Sep 100 46 4,600

TOTAL 1,400 252 58,800

GROSS PROFIT $46,200 ($105,000 - $58,800)

LIFO

SALE

15-Mar 800 75.00 60,000.00

10-Sep 600 75.00 45,000.00

TOTAL 1,400 105,000.00

COGS LIFO

Date Units Price Amount

1-Jan 200 45 9,000

10-Feb 200 42 8,400

13-Mar 200 27 5,400

21-Aug 100 50 5,000

5-Sep 500 46 23,000

1,400 59,200

GROSS PROFIT $45,800 (105,000 - 59,200)

SALE SPECIFIC

Date Units Price Amount

1 Jan 600 75 45,000

10-Feb 300 75 22,500

13-Mar 200 75 15,000

21-Aug 50 75 3,750

5-Sep 250 75 18,750

TOTAL 1,400 105,000

COGS SPECIFIC

Date Units Price Amount

01-Jan 600 45 27,000

10-Feb 300 42 12,600

13-Mar 200 27 5,400

21-Aug 50 50 2,500

5-Sep 250 46 11,500

TOTAL 1,400 59,000

GROSS PROFIT $46,000 (105,000 - 59,000)

WEIGHTED AVERAGE

Date Units Price Amount

1-Jan 600 45.00 27,000.00

10-Feb 400 42.00 16,800.00

13-Mar 200 27.00 5,400.00

1,200 41.00 49,200.00

Sale (800) 41.00 (32,800.00)

Total 400 41.00 16,400.00

21-Aug 100 50.00 5,000.00

5-Sep 500 46.00 23,000.00

Total 1,000 44.40 44,400.00

Sales (600) 44.40 (26,640.00)

Balance 400 44.40 17,760.00

Therefore, the computation of cost of goods sold is,

COST OF GOODS SOLD

15-Mar 800 41.00 32,800.00

10-Sep 600 44.40 26,640.00

Total 1,400 59,440.00

SALE

15-Mar 800 75.00 60,000.00

10-Sep 600 75.00 45,000.00

Total 1,400 105,000.00

Gross profit $45,560.00 (105,000 - 59,440)

7 0

1 year ago

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