21. which of the following sections is responsible for providing communication planning and resources?

On June 13, the board of directors of Siewert Inc. declared a 2-for-1 stock split on its 20 million, $5.00 par, common shares, t

umka21 [38]

Answer:

a. No journal entry is required.

b. Par per share after the split = $2.50

Explanation:

a. Prepare a journal entry that summarizes the declaration and distribution of the stock split if it is to be effected in the form of a 100% stock dividend.

No journal entry is required for this because the total value of the shares has not changed due to 2-for-1 stock split.

This is because the 2-for-1 stock split has only increased the number of shares outstanding by 2, but at the same time reduces the par value of the share by half making the total value of the shares to remain the same.

b. What is the par per share after the split.

As explained in a above, the effect of 2-for-1 stock split is to reduce the par value of the share by half.

Therefore, the par per share after the split can be calculated as follows:

Par per share after the split = Par per share before the split / 2 = $5 / 2 = $2.50

7 0

3 years ago

The hotel chain Ritz-Carlton uses the phrase "Ladies and gentlemen taking care of ladies and gentlemen" to demonstrate the compa

slava [35]

The company is expressing its key corporate value with a slogan is the Ritz-Carlton using to express its corporate culture.

Explanation:

The fundamental beliefs about which your organisation and your actions are founded are corporation values, also recognised as corporate values or fundamental values.

They are the concepts that your company uses to control its internal investigations and customer interactions.

Your core values if established must be strong and uncompromising – a guideline instead of a suggestion. They might affect each aspect of your business, from benefits for employees and culture throughout the work environment to marketing techniques and customer support.

6 0

3 years ago

Sage Company borrowed $3,000,000 on March 1 on a 5-year, 12% note to help finance construction of the building. In addition, the

valina [46]

Question:

Riverbed Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $5,400,000 on March 1, $3,600,000 on June 1, and $9,000,000 on December 31. Riverbed Company borrowed $3,000,000 on March 1 on a 5-year, 12% note to help finance construction of the building. In addition, the company had outstanding all year a 10%, 5-year, $6,000,000 note payable and an 11%, 4-year, $10,500,000 note payable. Compute avoidable interest for Riverbed Company. Use the weighted-average interest rate for interest capitalization purposes.

Answer:

The total avoidable interest is $743,040.00

Explanation:

Here we have

Date Expenditure Period Portion

Mar-01 $5,400,000.00 10/12 $4,500,000.00

Jun-01 $3,600,000 7/12 $2,100,000

Dec-31 $9,000,000 0/12 $0

Total $6,600,000.00

The weighted average expenditure is $6,600,000.00

The weighted average rate using the notes payable loan is found by the following calculation

Type of loan Amount Interest rate Interest incurred

Loan $6,000,000 10% $600,000.0

Loan $10,500,000 11% $1,155,000.00

Total $16,500,000 $1,755,000.0

Weighted average rate = Total interest incurred / Total loans

Weighted average = 1755000/16500000 = 0.10636 = 10.64%

The general interest is found by subtracting the specific loan from the weighted average expenditure

General = Weighted average expenditure - Specific loan

General = $6,600,000.00 - $3,000,000 = $3,600,000.00

The avoidable interest is found by summing the specific interest to the weighted average interest as follows

Type of loan Amount Interest rate Interest incurred

Specific $3,000,000 12% $360,000.00

General $3,600,000 10.64% $383,040.0000

Total $743,040.00

The total avoidable interest = $743,040.00

5 0

3 years ago

What kind of drug test does homedepot do in the location of Johnston, rhode island

Rina8888 [55]

They drug test weed. Why would they have crack tests lol

4 0

3 years ago

Read 2 more answers

sarah Jones wants to deposit $2,000 per year into an account earning 4 percent for the next 3 years, so she can purchase a used

andre [41]

Answer:

Compounding formula would be used here which is as under:

Future Value = Present value * (1+r)^n

FV = (PV is $2000) * ( 1 + 4%)^ 3 number of years

Remember that r is the return that is 4% that Sarah Jones will receive.

So

FV = $2250

So this is the amount that she will receive after three years. I would recommend her to invest in ordinary shares (take higher risk for higher return) so that she is able to buy a better car.

5 0

3 years ago