Answer:
See below
Explanation:
Given the above information, margin of safety in dollars is computed as;
= (Total sales - Break even sales) × Sales price
= (4,525 - 2,000) × $90
= $227,250
Therefore, the margin of safety in dollars is $227,250
Summer break, easy lessons, and fun kids and activities
If the same person served on the boards of directors of competing firms, she would be participating in an interlocking directorate.
<h3>What is interlocking directorate?</h3>
Interlocking directorate is when a person, who is a director in a company, accept the position of a director in a competing firm. It is the practice of the same individual being a member of multiple boards in companies.
Here, a member of one corporation's board of directors in that corporation as well as the board of another corporation or management of another corporation in business practice.
The above means that a corporate directorate includes one or more members who serve simultaneously in the directorates of other firm.
Learn more about interlocking directorate here: brainly.com/question/13963102
#SPJ1
Answer:
Jan 22
Dr Cash $720,000
Cr Common stock $720,000
Feb 14
Dr Cash $2,420,000
Cr Preferred stock $2,420,000
30
Dr Cash $540,000
Cr Preferred stock $495,000
Cr Paid in capital in excess of par-Preferred stock $45,000
Explanation:
Preparation of the journal entries
Jan 22
Dr Cash $720,000
Cr Common stock $720,000
(180,000 shares * $4)
Feb 14
Dr Cash $2,420,000
Cr Preferred stock $2,420,000
(44,000 shares * $55)
30
Dr Cash $540,000
(9,000 shares * $60)
Cr Preferred stock $495,000
(9,000 shares * $55)
Cr Paid in capital in excess of par-Preferred stock $45,000
[9,000 shares *($60- $55) ]
