A company has a margin of safety of 20%. If expected sales are $50,000, then break-even sales are:______

In 2016, Chartres Inc., issued for $105 per share, 60,000 shares of $100 par value convertible preferred stock. One share of pre

faltersainse [42]

Answer:

Total amount should be credited to additional paid-in capital from common stocks as a result of the conversion of the preferred stock into common stock: $1,800,000 .

Explanation:

Please find the detailed calculations and explanations as below:

Total Cash amount received from preferred share issuance: 105 x 60,000 = $6,300,000;

The $6,300,000 will be credited into two owner's equity account:

- Common equity = Par value of common stock at the issuance of preferred stock date x Number of preferred stocks issued x Number of common stocks that one preferred stock has the right to converted into = 25 x 60,000 x 3 = $4,500,000.

- Paid-up capital account = Amount of cash receipt ( recorded as Debit) - Amount of common equity ( recorded as Credit) = 6,300,000 - 4,500,000 = $1,800,000 .

6 0

3 years ago

The following data represent quantities of tea leaf pluckings (tender shoots from tea plants) from sixteen different plots of te

mr_godi [17]

Answer:

Explanation:

1) $H_0$ : All group means equal or $\mu _1=\mu _2=\mu _3=\mu _4$

$H_1:\mu 1=\mu 2=\mu 3\neq \mu 4$

At least one of the treatment group means are different

ANOVA TABLE

<u>Source of Variation SS df MS F P-value F crit </u>

Between Groups 213.5 3 71.16667 0.65 0.5975 3.490295

Within Groups 1312.5 12 109.375

MSB = SSB / DFB = 71.16667

MSE = SSE / DFE = 109.375

F = MSB / MSE = 0.650667

3) P-value: 0.597576

The test statistic is not significant and failed to reject the null hypothesis.

4) The test statistic is not significant. So, there is no evidence to conclude that there is a difference between groups.

4 0

3 years ago

If management identifies even one material weakness in internal control, then management will conclude that the organization’s i

solong [7]

Answer:

Statement is true

Explanation:

Internal control over financial reporting was designed to give assurance related to financial statements preparation and authenticity of financial reporting.

Material weakness refers to inefficiency in internal control which could lead to misstatement in financial statement thereby making financial reporting unreliable. As such, even one material weakness would prove ineffective internal control over financial reporting.

8 0

3 years ago

When businesses form voluntary, collaborative partnerships with environmental organizations and regulators to achieve specific o

Dahasolnce [82]

Answer: Environmental partnerships.

Explanation:

It is important to understand that for most and all business to thrive there have to be an enabling environment for that to happen. Environment play a key or major role to the growth of any business and as such most business pay keen attention to their environment and do every means to ensure it is vulnerable for them to operate well. The partnership between organizations and seeking a operational environment to do their business is known as environmental partnership.

3 0

3 years ago

Amazon creates many utilities for its customers, but perhaps the most valuable utility for consumers is ____________, the utilit

Anna007 [38]

<span>Amazon creates many utilities for its customers, but perhaps the most valuable utility for consumers is place, the utility created by having the offerings available where consumers need it, on Amazon.com!

Amazon creates one central place for customers to find almost everything they could ever need or want. This keeps their customer base happy, committed and spending on Amazon.com daily. Why shop elsewhere when you can use Amazon.com as a 'one stop shop'? Amazon has built a very loyal customer base by providing options and great customer service. </span>

3 0

3 years ago

A company has a margin of safety of 20%. If expected sales are $50,000, then break-even sales are:_______