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4 years ago

Lewis company has $25,000 in retained earnings, $40,000 in assets, and $11,000 in liabilities. how much is in common stock?

1 answer:

6 0

BASIC FORMULAE IS ASSETS -(LIABILITIES +COMMON STOCK)=RETAINED EARNINGS SO, BY SUBSTITUTION 40000-(11000+COMMON STOCK)=25000 THUS COMMON STOCK 4000

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Choose 3 to 4 companies or organizations to review their policies. How do they differ and how might they be the same. Submit the

Angelina_Jolie [31]

Apple
Starbucks
Godrej industries

Explanation:

Policies of Apple:

Innovation: Apple has given more than what we have expected.
Integrity: Apple has stayed true to itself and doesn't copy.
Originality: The reinvention of features has made Apple stand out.

Policies of Starbucks:

Expand its stores in the US and internationally by franchising/licensing.
Designing stores that convey Starbucks image and brand.
Expand product offerings beyond its retail stores& enter new markets.

Policies of Godrej Industries:

Godrej industries aims to provide innovation and quality products.
Commited not only to consumers but also society and environment.
Excellent standards of ethical behaviour.

3 0

3 years ago

The settlement option that provides for ongoing payments for a period of time is called

Aneli [31]

The settlement option that provides for ongoing payments for a period of time is called annuity. The annuity is a type of insurance contract in which they provide an individual an annual income for a long period of time such as an example of this is a pension.

7 0

3 years ago

A factory pays its employees on Wednesdays, and on Thursdays, employee productivity seems to be a little slow. The productivity

Tju [1.3M]

Answer:

C. Fixed Interval

Explanation:

"Fixed Interval" is a type of Reinforcement Schedule. The "reward" in the situation above is the salary given to the employees during Wednesdays. As noticed, their productivity increases over the week, with the peak on Wednesday.

The "peak" of productivity is the exhibited behavior during pay day. They try to work hard in order to receive a salary. They become more inspired to work during the salary day. It is followed by less productivity on Thursdays because they have already been rewarded.

Such reinforcement schedule is called the "fixed interval." This also means that their productivity will not increase if they will not be paid.

So, this explains the answer.

5 0

3 years ago

Because people prepare budgets, budget figures are often biased. Which of the following is true? a. When senior management sets

eduard

Answer: B

Explanation:

Budgetary slack is a cushion created in a budget by management to increase the chances of actual performance beating the budget. Budgetary slack can take one of two forms: an underestimate of the amount of income or revenue that will come in over a given amount of time, or an overestimate of the expenses that are to be paid out over the same time period. Budgetary slack is generally frowned upon because the perception is that managers care more about making their numbers to keep their seats and gaming the executive compensation system rather than pushing company performance to its potential. Managers putting a budget together could low-ball revenue projections, pump up estimated expense items, or both to produce numbers that will not be hard to beat for the year. It also provides flexibility for operating under unknown circumstances, such as an extra margin for discretionary expenses in case budget assumptions on inflation are incorrect, or adverse circumstances arise.

4 0

3 years ago

Sahia company bought a building for 90,000 cash and the land on which it was located for 1,10,000 cash. The company paid a trans

Alexxandr [17]

Answer:

Sahia Company

1. Net book value of the property at the end of year 2 = $217,800.

2. Journal entry to record the purchase:

Debit Property (land and building) $241,000

Credit Cash Account $241,000

To record the acquisition of the property.

3. Straight-line depreciation (on building only) = $11,600.

Explanation:

a) Data and Calculations:

Bought building for cash = $90,000

Bought land for cash = 110,000

Transfer cost = 10,000

Renovation on building = 31,000

Book value of property = $241,000

Depreciation:

Building cost = $90,000

Transfer cost 4,500 ($10,000*90,000/200,000)

Renovation 31,000

Total cost = $125,500

Residual value 9,000

Depreciable value = $116,000

Depreciation per annum = $11,600 ($116,000/10)

a) Land is not subject to depreciation and its value is $115,500 or $110,000 + 5,500 ($10,000*110,000/200,000).

b) The net book value of the property at the end of year 2 is

Building $125,500 - 23,200 = $102,300

Land = 115,500

Net book value of property = $217,800

6 0

3 years ago