1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
LiRa [457]
3 years ago
8

In January ​3, Sturmer Corporation purchased 2,150 shares of the​ company's ​$10 par value common stock as treasury​ stock, payi

ng cash of $ 9 per share. On January ​30, Sturmer sold 1,000 shares of the treasury stock for cash of $ 19 per share. Journalize these transactions.
Business
1 answer:
photoshop1234 [79]3 years ago
3 0

Answer:

paid in capital from treasury stock = $10000

Explanation:

on 3rd jan

treasury stock = 2150*9 = 19,350

              cash = 19,350

30 jan

cash = 1000*19 =19,000

treasury stock = 1000*9 = 9000

paid in capital from treasury stock = 19000- 9000 = $10000

You might be interested in
MB has been using proper workflow for her sales process by creating invoices, receiving payments, and recording deposits using t
Semenov [28]

She will be able to m<em>atch </em>downloaded deposits to <em>existing</em> transactions in the Banking Center.

MB been an accountant,  she must follows workflow process to ensure efficiency of operation.

  • The process of creating invoices, receiving payments, and recording deposits  are part of the Workflow process she must adhere to at her place of work.

In conclusion, the process makes the work of employee easier and uncomplicated because its enables them adhere to a strict procedure of getting work done.

Learn more about Workflow process here

<em>brainly.com/question/11939249</em>

3 0
2 years ago
Read 2 more answers
Acme Corporation has identified several new market opportunities but has limited funds to invest and therefore cannot pursue the
Yakvenalex [24]

Answer:

Option A Planning

Explanation:

The company is focusing on planning which tells about the pros and cons of the investment opportunity. This means planning tells about what issues the company would face after assessing the market research and then the company will form an opinion whether or not the company must invest. This process enables to choose the best option among a number of opportunities due to limiting factors (limited amount of money in this case) which limits the company to invest in coming future.

5 0
3 years ago
Ivanhoe Company issued $1520000 of 6%, 5-year bonds at 95, which pay interest annually. Assuming straight-line amortization, wha
Mashutka [201]

Answer:

the journal entry to record bond issuance:

Dr Cash 1,444,000

Dr Discount on bonds payable 76,000

    Cr Bonds payable 1,520,000

amortization of discount on bonds payable = $76,000 / 5 = $15,000

coupon payment = $91,200

total interest expense per year = $106,200

total interest expense for the 5 year period = $106,200 x 5 years = <u>$531,000</u>

<u />

6 0
2 years ago
Jaune Magazine (JM) must decide whether or not to publish a tell-all story about a celebrity. If the story ends up having major
Nataliya [291]

Answer:

The correct option is A, risk averse

Explanation:

Risk aversion is a situation where a person undertaking a business or an investor tries as much as possible to limit exposure to losses by taking drastic steps to ensure the losses do not materialize.

The publisher in this case is conscious of facing the lawsuit that could result from publishing story and has taken a precautionary measure by not even venturing into the publishing ,let alone a  lawsuit with substantial amount in damages rears its ugly head.

A risk seeking investor would go ahead with the publishing since success could bring a juicy income

3 0
3 years ago
The CEO of the Wholesome Food retail grocery chain, which specializes in organic and natural produce and meat, has stated, "The
givi [52]

Answer:

TRUE

Explanation:

The CEO 's belief that he has placed his firm in a slow-cycle industry where <u>concerns about protecting unique competencies dominate concerns about market share,</u> is true

Basically, the CEO operates in a niche market as is reported in the scenario

<u>Niche marketing refers to competing within a narrowly defined market segment with a specialized offering.</u>

Most small businesses are generally not niche marketers; they simply have a very small share of a large segment <u>whereas niche marketers have a large market share in a small/tight segment. </u>

Having therefore established his Niche business in a small segment where he has a large market share (otherwise it would not be a niche business), <u>the concerns will be about protecting unique competencies rather than market share</u>

<u />

3 0
3 years ago
Other questions:
  • Eve Cosmetics Company consists of two departments, Blending and Filling. The Filling Department received 50,000 ounces from the
    13·1 answer
  • Martha and martin are 25-year-old twins. Martha makes $1,000 end-of-year payments into her investment portfolio for 10 years and
    12·1 answer
  • Based on what you have read, if Jasmine works at the supermarket, what is her opportunity cost? working at a new job earning ext
    12·2 answers
  • With regard to the three types of attributes customers use in evaluating the quality of goods and services, a vacation would bes
    9·1 answer
  • Is it possible for a country with a regressive tax system to have a tax-spending system that transfers resources from the rich t
    11·1 answer
  • A candidate may apply to multiple jobs at the company Universal Containers by submtting a single application per job posting. On
    7·1 answer
  • Denzel Brooks opened a Web consulting business called Venture Consultants and completes the following transactions in March Marc
    6·1 answer
  • Difference between assets and liabilities.
    14·1 answer
  • EvenFlo Pipes forecasts a small increase in sales next year. To achieve this growth in sales, however, the firm must purchase an
    9·1 answer
  • Carter is the principal broker of a Missouri real estate branch office. Kathleen, a broker-salesperson, was appointed the superv
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!