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
djyliett [7]
3 years ago
12

Scenario: Mary Ling works for XYZ Corporation, LLC and they have just merged with ABC, Inc. Mary’s job, supervisor, and work loc

ation have not changed, but under the merger the companies are now working under the name ABCXYZ, Inc. What does Mary need to do to update this information with University of the Cumberlands?
Business
1 answer:
Minchanka [31]3 years ago
4 0

Answer: c. Mary will need to send some sort of official documentation regarding the merge or company name change to the DSO, so that her record can be updated.

Explanation:

The options to the question are:

a. This is a new company and new position, Mary will need to compelete a new CPT application.

b. Nothing has changed, Mary does not need to provide any updates.

c. Mary will need to send some sort of official documentation regarding the merge or company name change to the DSO, so that her record can be updated.

d. Mary can call campus and just tell someone.

From the question, we are informed that Mary Ling works for XYZ Corporation, LLC and they have just merged with ABC, Inc. In this case since there is a merger, Mary has to send official documentation to the DAO in order to notify them about the merger and the change of name of the company. When the documents are received by the DSO, it'll be processed and the change will be effected in the student's record.

You might be interested in
The summary section of a business report appears at the bottom of the report.
IceJOKER [234]

Answer:

true

Explanation:

8 0
3 years ago
Read 2 more answers
The following information was drawn from the Year 1 accounting records of Ozark Merchandisers: Inventory that had cost $15,000 w
Westkost [7]

Answer :

1. A. Operating activities.

2. The sale price of the land should be shown in the investing activities

$25,813.20

Explanation :

As per the data given in the question,

The interest expense is reported in the operating activities section of the cash flow statement

Net sales = Gross sales - Sale returns - Sales discounts

=$27,000 - $660 - $526.80

= $25,813.20

The sales discount is come from

= ($27,000 - $660) × 2%

= $526.80

The preparation of the multi step income statement is presented below:

                                        Ozark Merchandisers

                                        Income Statement

Net sales revenue  $25,813.20

Less: Cost of goods sold  ($15,000 - $400) $14,600

Gross profit $11,213.20

Less: expenses

Selling and administrative expense $2,835

Income from operations  $8,378.2

Add: Gain on sale of land  $900   ($6,900 - $6,000)

Less: Interest expense         $200

Net income     $9,078.20

The sale price of the land  i.e $6,900 should be shown in the investing activities as it reflects the cash inflow position

This is the answer and the given options are incorrect

3 0
3 years ago
When Ajax Co. produced 3 units of output per​ week, its total fixed cost was ​$100100 and total variable cost was ​$5050. When o
zimovet [89]

Answer:

$170

Explanation:

As we know that

Total cost = Total fixed cost + total variable cost

The total fixed cost would remain the same whether the production level increases or not but the case is not the same as the total variable cost. In total variable cost, the output will change as per the production level changes

When output was 4 units per week, The total cost would be

= Total fixed cost + total variable cost

= $100 + $70

= $170

8 0
3 years ago
Tidwell Corporation was organized on January 1, 2014. It is authorized to issue 20,000 shares of 6%, $50 par value preferred sto
gladu [14]

Answer:

Tidwell Corporation

a. Journal Entries:

Jan. 10:

Debit Cash Account $280,000

Credit Common Stock $70,000

Credit APIC - Common Stock $210,000

To record the issue of 70,000 common stock shares at $4 per share.

Mar. 1:

Debit Cash Account $636,000

Credit Preferred Stock $600,000

Credit APIC -Preferred Stock $36,000

To record the issue of 12,000 preferred stock at $53 per share.

May 1:

Debit Cash Account $720,000

Credit Common Stock $120,000

Credit APIC - Common Stock $600,000

To record the issue of 120,000 common stock shares at $6 per share.

Sept. 1:

Debit Cash Account $25,000

Credit Common Stock $5,000

Credit APIC - Common sTock $20,000

To record the issue of 5,000 common stock shares at $5 per share.

Nov. 1:

Debit Cash Account $168,000

Credit Preferred Stock $150,000

Credit APIC - Preferred Stock $18,000

To record the issue of 3,000 preferred stock shares at $56 per share.

2. Common Stock Account

Date        Account Titles              Debit       Credit

Jan. 10    Cash Account                            $70,000

May 1      Cash Account                             120,000

Sept. 1    Cash Account                                 5,000

APIC - Common Stock Account

Date        Account Titles              Debit       Credit

Jan. 10    Cash Account                             $210,000

May 1      Cash Account                              600,000

Sept. 1    Cash Account                                 20,000

Preferred Stock Account

Date        Account Titles              Debit       Credit

Mar. 1      Cash Account                             $600,000

Nov. 1     Cash Account                                 150,000

APIC - Preferred Stock Account

Date        Account Titles              Debit       Credit

Mar. 1      Cash Account                             $36,000

Nov. 1     Cash Account                                 18,000

Explanation:

a) Data and Calculations:

Authorized preferred stock, 6% at $50 par value = 30,000 shares = $1,500,000

Authorized common stock, stated value of $1 per share = 500,000 shares = $500,000

Stock transactions:

Jan. 10 Issued 70,000 shares of common stock for cash at $4 per share (Cash $280,000, Common Stock $70,000, and APIC $210,000)

Mar. 1 Issued 12,000 shares of preferred stock for cash at $53 per share

(Cash $636,000, Preferred Stock $600,000, and APIC $36,000)

May 1 Issued 120,000 shares of common stock for cash at $6 per share.

(Cash $720,000, Common Stock $120,000, and APIC $600,000)

Sept. 1 Issued 5,000 shares of common stock for cash at $5 per share

(Cash $25,000, Common Stock $5,000, and APIC $20,000)

Nov. 1 Issued 3,000 shares of preferred stock for cash at $56 per share

(Cash $168,000, Preferred Stock $150,000, and APIC $18,000)

4 0
3 years ago
A product has annual demand of 10,000 units. The plant manager wants production to follow a four-hour cycle. Based on the follow
sweet [91]

Answer:

Based on the data, the holding cost per unit per year that will enable the desired production cycle is:

= $18.00.

Explanation:

a) Data and Calculations:

Annual demand of the product = 10,000 units

Demand per day, d = 40 (10,000/250) units

Given days in a year = 250 days

Production, p per day = 200 units

Ordering cost, S = $7.20 per order

Q (demand for four hours or half a day) = 20 units (40/2) following a four-hour cycle

Number of orders = 10,000/20 = 500

Total ordering costs = $3,600 (500 * $7.20)

Since EOQ = Q = 20 units

20 = Square root of (2*D*S)/H

Where:

D = Annual demand

S= Ordering cost

H = Holding cost

20 = Square root of (2 * 10,000 * $3,600)/H *10,000

20 = Square root of 72,000,000/(H * 10,000)

Substituting H with $18

= Square root of 72,000,000/180,000

= Square root of 400

= 20

7 0
3 years ago
Other questions:
  • Rules that prevent the creation and behavior of are called antitrust laws.
    7·2 answers
  • Emma, the marketing mangers, is constantly seeking information about her competition while looking online or speaking to people.
    9·1 answer
  • Define Justice as it relates to Business
    9·1 answer
  • Which of the following is a characteristic of the maturity phase of the product life​ cycle? A. Product designs begin to stabili
    13·1 answer
  • All else held constant, if farmers receive a subsidy for their corn, then this would cause a_______________.
    10·1 answer
  • en-Tech sells merchandise on account for $4,000 to Acorn Company with credit terms of 2/10, n/30. Within the discount period, Ac
    11·1 answer
  • Bridget Creel is getting ready to open a small restaurant. She is on a tight budget and must choose between the following long-d
    13·1 answer
  • Select any local/international brand of your choice
    10·1 answer
  • How has apple inc mission and vision statement helped the company?
    8·1 answer
  • true or false. gold and silver futures markets obey the cost-of-carry model (2) use the following information to formulate a pre
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!