Which of the following choices best describes why it is difficult to start a self improvement plan?

On January 1, Vermont Corporation had 40,000 shares of $10 par value common stock issued and outstanding. All 40,000 shares had

harkovskaia [24]

The journal entry, to record the sale of the treasury shares on February 1, would include:

a) debit to a loss account for $112,500

b) credit to Treasury Stock for $90,000

c) credit to a gains account for $112,500

d) debit to Treasury Stock for $90,000

Answer:

Option D Debit to Treasury Stock for $90,000

Explanation:

The journal entry of repurchase of treasury stock is as under:

Dr Treasury Stock $90,000

Cr Cash $90,000

As the treasury stock has been purchased for cash, the cash has been decreased and the decrease in treasury stock is credit in nature. Hence the decrease in stock is shown as debit and decrease in cash is shown as credit.

The rate as which the stock is purchased is the price at which treasury stock will be debited = Treasury shares purchased × Fair Value per Share

= 3,750 shares × $24

= $90,000

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2 years ago

Steve is good at setting up and managing groups of computers for large cities. In which Information Technology career pathway is

olchik [2.2K]

Steve is good at setting up and managing groups of computers for large cities. In which Information Technology career pathway is he most likely to get a job? Steve would most likely get a job in the computer engineering career field if he is good at setting up and managing groups of computers for large cities. This type of job requires someone who is computer savvy, understands what could happen and how to fix it so a large company that runs in large cities are not without computer access for too long. A computer engineer designs and develops computer systems and other tech devices.

5 0

2 years ago

Read 2 more answers

Quizno's is conducting a contest in which customers are asked to name a new sandwich. The winner gets a free sandwich each day f

PIT_PIT [208]

Answer:

sales promotion

Explanation:

Sales promotions are used as a short term tactic to increase the sales of a good or service very rapidly, but they are not meant to last. Usually sales promotions offer product or monetary incentives to but the goods or services, e.g. discounts, rebates, coupons, free samples, contests, extra product, etc.

8 0

2 years ago

. ________ refers to a marketing strategy in which the firm develops both the product and its marketing to evoke a distinct impr

777dan777 [17]

Answer:

D. Positioning.

Explanation:

Positioning is a market strategy that tries to create a product with similar features to that of its competitors and tries to drive the image through marketing.

This ịs a very powerful marketing concept because it builds a product's reputation and makes it distinguishable from the products of other competitors. This is done to try to occupy the mind of its intended customers and get them to see the difference between their product and that of rival companies. This type of advertising has become very common.

5 0

2 years ago

Michael is a sales representative who spends a great deal of time out on the road and infrequently communicates with the rest of

hoa [83]

Answer: An Isolate

Explanation:

An Isolate is a person who is separated from others and so does not communicate with others a lot. This person most likely prefers to be alone and can do without human company or communication for extended periods.

Micheal is usually out on the road which means he is often separated from the rest of his colleagues and on top of that he infrequently communicates with them which are signs that he is an isolate.

5 0

2 years ago