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Tju [1.3M]
3 years ago
15

The stockholders equity section of Martino Inc. at the beginning of the current year appears below.Common stock, $10 par value,

authorized 1,090,000 shares, 353,000 shares issued and outstanding $3,530,000Paid-in capital in excess of par�common stock 686,000Retained earnings 578,000During the current year, the following transactions occurred.1. The company issued to the stockholders 142,000 rights. Ten rights are needed to buy one share of stock at $33. The rights were void after 30 days. The market price of the stock at this time was $35 per share.2. The company sold to the public a $219,000, 10% bond issue at 104. The company also issued with each $100 bond one detachable stock purchase warrant, which provided for the purchase of common stock at $31 per share. Shortly after issuance, similar bonds without warrants were selling at 96 and the warrants at $8.3. All but 7,100 of the rights issued in (1) were exercised in 30 days.4. At the end of the year, 80% of the warrants in (2) had been exercised, and the remaining were outstanding and in good standing.5. During the current year, the company granted stock options for 10,600 shares of common stock to company executives. The company, using a fair value option-pricing model, determines that each option is worth $10. The option price is $31. The options were to expire at year-end and were considered compensation for the current year.6. All but 1,060 shares related to the stock-option plan were exercised by year-end. The expiration resulted because one of the executives failed to fulfill an obligation related to the employment contract. Collapse question part(a)Prepare general journal entries for the current year to record the transactions listed above. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.)

Business
1 answer:
love history [14]3 years ago
8 0

Find the given attachments for complete solution

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The question is incomplete. The complete question is:

Rebecca Minkoff's integration of technology and fashion has resulted in innovate products and an enjoyable shopping experience that stands out in the world of retail fashion. This illustrates _______.

a.multi-channel retailing

b.retail positioning

c.category management

d.atmospherics

e.store image

Answer:

Retail positioning

Explanation:

Retail positioning helps to differentiate a particular retailer from its competitors due to the various unique features possessed by the retailer.

This type of positioning helps to provide a high competitive advantage to the retailer by differentiating the business from the rest of it's competitors.

An effective positioning strategy can contribute immensely to a retailer's overall success in the market.

Rebecca Minkoff's integration of technology and fashion has positioned her in a top level in the retail market, it has made her business stand out among her competitors.

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3 years ago
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Karo-lina-s [1.5K]

Economic profit refers to the profit earned by deducting the implicit cost and the explicit cost from the total revenue.

Economic Profit = Total revenue - (Explicit cost + Impllicit Cost)

where Total Revenue = $100,000

Explicit Cost = $2000 + ($25000*10%) = $4500

Implicit Cost = $70000 + $10000 = $80000

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Economic Profit = $100,000 - $84,500

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Hence, Sid's Economic Profit is equal to $15,500

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evablogger [386]

Answer:

Explanation:

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Use the following information to prepare the September cash budget for PTO Manufacturing Co. The following informaition relates
Keith_Richards [23]

Answer and Explanation:

The preparation of the cash budget is shown below:

Beginning Cash Balance        $40,000

Budgeted Cash Receipts        $225,000

Total Cash Available                $265,000

Less

Payment of Raw Mat purchases in Aug ( $80,000 × 35%)          $28,000.00

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Direct Labor Payment            $40,000

Other Cash Expenses            $60,000

Income Tax Paid                    $10,000

Bank Loan Interest Paid    $1,000

Total Cash Disbursements   $210,500

Closing Cash Balance           $54,500

We simply deduct the all cash expenses from the total cash available so that the closing cash balance could come

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