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Reika [66]
2 years ago
12

Which one is the best choice. Please explain why. I’ll give extra points.

Business
1 answer:
S_A_V [24]2 years ago
7 0

Answer:

10

Explanation:

Surplus for Donovan: 10 - 4.50 = 5.50

Surplus for Rudy: 8 - 4.50 = 3.50

Surplus for Mike: 6 - 4.50 = 1.50

Surplus for Royce: 4 - 4.50 = -0.50

Sum of all surpluses: 5.50+3.50+1.50-0.50=10

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On December 31, the balance in the office supplies account is $1,300. A physical count shows $510 worth of supplies on hand. Req
madam [21]

Answer:

Date                    Account title                                               Debit          Credit

December 1        Office Supplies Expense                           $790

                            Office Supplies                                                             $790

Explanation:

Office supplies is an asset but when it is used it should be debited to the office supplies expense account because it becomes an expense that should be catered for in the Income statement.

The office expense that is used for the year is:

= Book balance - Physical inventory

= 1,300 - 510

= $790

3 0
2 years ago
Which of the following customers generally switch companies easily?
muminat
A.) "Below-Average" <span>generally switch companies easily

Hope this helps!</span>
4 0
3 years ago
Read 2 more answers
Fleet Delivery Corporation is a public company with a market capitalization of less than $75 million. Fleet is poised to issue s
kondor19780726 [428]

Answer:

This enables Fleet to reduce costs of regulatory compliance in relation to the security issue

Explanation:

When a company is exempt under the Securities Act of 1993,this implies that when issuing securities in the market place,the stock exchange ,the company is not required to produce audited financial statements.

Auditing financial statements sometimes cost fortunes especially when it is also required that one of the Big-4 professional firms is to be consulted.

By not requiring audited financials,the costs of audit is saved,hence cost of compliance with exchange rules is reduced overall

5 0
3 years ago
After successfully completing your corporate finance class, you feel the next challenge ahead is to serve on the board of direct
kondor19780726 [428]

Number of shares: 410,000

Share price: $47

IF THE COMPANY USES STRAIGHT VOTING:

STEP 1: If the company uses straight voting, then the number of shares it should own would be half of the shares plus one share, in order to guarantee that the enough votes are received to win the election.

Number of shares needed = (Number of shares available for voting ÷ 2) + 1

Number of shares needed = (410,000 ÷ 2) + 1

Number of shares needed = 205,001

STEP 2: Total cost will be the product of share price and number of shares needed.

Total Cost = Share Price × Number of shares needed

Total Cost = $ 47 × 205,001

Total Cost = $ 9,635,047

<u>It will cost $9,635,047 if the company uses straight voting.</u>

IF THE COMPANY USES CUMULATIVE VOTING :

STEP 1: If the company uses cumulative voting, you need 1/(N+1) percent of stock plus one share to get maximum number of votes to win the election.

Percent of stock needed = [1 ÷ (N + 1)] * 100

Percent of stock needed = [1 ÷ (3 + 1)]* 100

Percent of stock needed = (1 ÷ 4) * 100

Percent of stock needed = 25%

So the number of shares purchased = (410,000 × 25%)

Number of shares purchased = 102,500

Total Cost = Number of shares purchased × Share Price

Total Cost = 102,500 × $47

Total Cost = $4,817,500

It will cost $4,817,500 if the company uses cumulative voting.

6 0
3 years ago
Working off an 16% margin, with markups based on cost, the Food Co-op Club boasts that it has 4,100 members and a 155% increase
Komok [63]

Answer:

Explanation:

31% mark up based on cost

$100 * 1.31 = $131

Same mark up based on selling price

$131 - $100 = $31

Therefore, our percent mark up if selling price were the base; =$31/$131 * 100 = 23.66%

4 0
2 years ago
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