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2 years ago

8

during the month, the company's office manager used a company-issued credit card to purchase stamps. at the end of the month, th

e entry to record this employee purchase will include a credit to accounts payable. group startstrue or false

1 answer:

madam [21]2 years ago

7 0

Answer: true

Explanation:

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What role does profit play in a mixed market economy

noname [10]

Answer:

A mixed economy has three of the followingcharacteristics of a market economy.

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3 years ago

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Prahm Corp. wants to raise $5.3 million via a rights offering. The company currently has 590,000 shares of common stock outstand

lawyer [7]

Answer:

Proceeds from sale of rights will be $49407.62

Explanation:

Proceeds from the sale of rights

=> Net Proceeds per share = Subscription price per share x (1 – Spread)

= $27 × (1 – 0.06)

= $25.38 per share

=> New shares offered = money raised/net proceeds per share

= 5300000/25.38 = 208826 Shares

=> Number of rights needed = current shares/New share offered

= 590000/208826 = 2.82532

=> The Ex-rights stock price will be

Ex-rights stock price = ((Number of rights needed × selling price per share) + Subscription price) + (Number of rights needed + 1)

= ((2.82532 × 54) + $27 per share) / (2.82532 + 1) = $46.94177 per share

So, the value of a right = Selling price per share - Ex-rights stock price

= $54 - $46.94177

= $7.05823 per share

Therefore, proceeds from selling the rights will be

= Number of shares × value of a right

= 7000 × 7.05823

= $49407.62

Proceeds from sale of rights will be $49407.62

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4 years ago

HELP ASAP !! Matilda just started her first job. She has some difficulty saving money, but she knows she must do it. Which of th

Kisachek [45]

Answer:

She can contribute to her employer's matching benefit.

Explanation:

The best way for Matilda to save is to have the amount she intends to save deducted from her basic salary. By doing this, she will not have direct access to the money, so she cannot spend it. If her employer has a savings matching scheme, then Matilda should join it. Her savings account will grow faster due to her employer's contributions.

A low-interest account will discourage her from saving. The 529 schemes are designed to save money to cater to post-secondary education.

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3 years ago

A) You have just moved into a new apartment and are trying to arrange your bedroom. You would like to move your dresser of weigh

notsponge [240]

Answer:

A. W = 0joule

B.W = d * w * cos (90 -ø)

Explanation:

work done is force multiplied by distance since the distance covered by the dresser is zero so automatically work done in moving the dresser is 0 (zero)

B. The component of weight of box along the inclined plane = w * cos ( 90 - ø )

Where ø is the angle of inclination to the horizontal

W = weight of body due to gravity.

Since the distance traveled by box due to gravity = d

So therefore:

W = d * w * cos (90 -ø)

W = work done

N.b

See attached sketch for comprehension

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3 years ago

Suppose that, for every 1-percentage-point decline of the discount rate, commercial banks collectively borrow an additional $2 b

almond37 [142]

Explanation:

Decline by $0.5 billion and the money supply will decline by $2.5 billion.

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3 years ago