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3 years ago

Mutual savings banks are primarily regulated by

Business

1 answer:

ziro4ka [17]3 years ago

5 0

Mutual savings banks are primarily regulated by the states in which they are located.

<span>To add, a </span>mutual savings bank<span> is a financial institution chartered by a central or regional government, without capital stock, that is owned by its members who subscribe to a common fund. From this fund claims, loans, etc., are paid. Profits after deductions are shared among the members.</span>

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Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power Drive has 100,000 shares of common

malfutka [58]

Solution:

Power Drive Corporation has the following beginning balances in its stockholders’ equity accounts on January 1, 2012:

Common Stock, $100,000;

Additional Paid-in Capital - common stock $4,830,000;

Retained Earnings, $2,520,000.

March 1 Issues 55,500 additional shares of $1 par value common stock for $67 per share.

Dr Cash 3,718,500

Cr Common stock 55,500

Cr Paid-in Capital 3,663,000

At this point there are 175,500 common shares outstanding

May 10 Repurchases 11,000 shares of treasury stock for $89 per share.

Dr Treasury stock 979,000

Cr Cash 979,000

At this point there are 164,500 common shares outstanding

June 1 Declares a cash dividend of $1.50 per share to all stockholders of record on June 15.

Dr Cash dividend 246,750 (164,500 x $1.50)

Cr Dividend payable 246,750

July 1 Pays the cash dividend declared on June 1.

Dr Dividend payable 246,750

Cr CAsh 246,750

October 21 Reissues 3,000 shares of treasury stock purchased on May 10 for $95 per share.

Dr Cash 285,000

Cr Treasury stock 267,000 (3,000 x cost of $89)

Cr Additional paid-in capital - treasury stock 18,000

At this point there are 167,500 common shares outstanding Stockholders' equity

Common stock - 175,500 shares of $1 par issued, 167,500 outstanding $175,500

Additional paid-in capital - common stock $8,493,000

Additional paid-in capital - treasury stock $18,000

retained earnings $2,803,250

less Treasury stock (8,000 shares) $712,000

Stockholders' equity $10,777,750

4 0

3 years ago

Founders should be wary of crowdfunding sites like Kickstarter, because these efforts require founders to give up large ownershi

Westkost [7]

Answer:

B. False

Explanation:

As the name suggests that crowdfunding refers to the funding for a project by having a small amount from the public at large in an internet

Since in the question it is mentioned that the founders should put efforts for giving the high stake of ownership with respect to high contributors before raising the funds to launch a product in the market

But this above requirement should not be necessary

Therefore the given statement is false

5 0

3 years ago

Customers have a defined ________ when it comes to waiting in line at a retail checkout counter. The amount of time consumers ar

balu736 [363]

Answer:

The correct answer to the given above question is Zone of tolerance.

Explanation:

Zone of tolerance in simpler terms can be defined as the difference between a consumers desired level of service and the level of service a consumer considers adequate. This zone consists a range of various service performance that a consumer considers to be satisfactory. We can see this zone of tolerance when a consumer will stand in a line at a retail store , a consumer would be willing wait longer in the line if he or she thinks that product or service is valuable or a necessity to him and the waiting time would also depend on the type of store it is.

6 0

3 years ago

Read 2 more answers

The ________ is the difference between merchandise imports and exports and a measure of a country's international trade in goods

Levart [38]

Answer:

balance of trade

Explanation:

Trade can be defined as a process which typically involves the buying and selling of goods and services between a producer and the customers (consumers) at a specific period of time.

Basically, trade can be categorized into two (2) main groups and these are;

I. Import: this involves bringing in goods from a foreign country to sell in a different (domestic) country.

II. Export: it involves the sales of goods produced in a domestic country to a foreign country.

In Economics, a balance of trade is a measure of the difference between merchandise imports and exports, as well as a country's international trade in goods. Thus, it's a measure of the difference between the monetary value of the import and export of goods of a country over a specific period of time.

3 0

3 years ago

A contract that combines a good with a service is considered what kind of sale?

kykrilka [37]

A contract that combines a good with a service is considered Mixed Sale

<h3>What is Mixed Sale?</h3>

A foundational business model known as the "marketing mix" has historically focused on the four Ps of product, price, place, and promotion. The phrase "collection of marketing instruments that the firm utilizes to pursue its marketing objectives in the target market" refers to the marketing mix.

Early in the twenty-first century, marketing theory first appeared. The modern marketing mix was initially published in 1984 and has since evolved into the framework for all marketing management choices. An extended marketing mix is utilized in the services industry; it often consists of 7 Ps, which are made up of the basic 4 Ps plus process, people, and physical evidence. Occasionally, service marketers will use the term "8 Ps," which refers to these 7 Ps plus performance and includes "product, pricing, place, promotion, people, positioning, packaging."

To learn more about Mixed Sale from the given link:

brainly.com/question/25860138

#SPJ4

4 0

2 years ago