<span>the result will be an overdraft </span>
Answer:
The answer is D.
Explanation:
Value of cash received is :
10,000 shares x $75
=$750,000
And that's a debit as it is shown in the question because cash was received.
Now the credit side.
Value of preferred stock is $50
So we have:
$50 x 10,000 shares
=$500,000 preferred shares.
Paid-in Capital in Excess of Par ValuePreferred Stock is $25 ($75 -$50)
So the value will be $25 x $10,000
=$250,000
Explanation:
December 31, 2016: To record accrued wages for one day (10 workers × $145) = $1,450.
January 4, 2017: To record accrued and current wages.
Wages expense = 10 workers × 3 days × $145 = $4,350
Cash = 10 workers × 4 days × $145 = $5,800.
See attached photo.
Answer:
External forces
Explanation:
Best buy is an electronics retailer that aspires to improve customer's lives through technology. They have over 175+ store locations.
However they have been facing challenges in the market with other playera like Circuit City, CompUSA and RadioShack not surviving.
The challenges faced by Best Buy is mostly as a result of external forces in the form of competition with Walmart and Amazon. Resulting in the loss of their share value.
Walmart and Amazon have been able to capture a large part of the electronics market.
Other problems like leadership scandals and inefficient processes also contributed to their problems.
