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Gekata [30.6K]
3 years ago
11

May, Inc. had the following transactions in 2019, its first year of operations: Issued 22,000 shares of common stock. The stock

has par value of $2.00 per share and was issued at $15.00 per share. Issued 1,800 shares of $120.00 par value preferred stock at par. .Earned net income of $38,000. Paid no dividends. At the end of 2019, what is the total amount of paid- in capital? OA. $546,000 O B. $584,000 O C. $260,000 OD, $330,000
Business
1 answer:
tatuchka [14]3 years ago
6 0

Answer:

The amount of paid-in capital        $

Common stocks (22,000 x $2)      44,000

Preferred stocks (1,800 x $120)     216,000

Amount of paid-in capital               260,000

The correct answer is C

Explanation:

The amount of paid-in capital is the total of paid-in capital of common stocks and paid-in capital of preferred stocks. The paid-in capital of each stock is computed as number of stock multiplied by par value of each stock.

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. A building owner charges net rent of $20 in the first year, $21 in the second year, and $22 in the third year, but is providin
Anit [1.1K]

Answer: $17.28

Explanation:

6 month free concession in first year drops rent to:

= 20 / 2

= $10

Effective rent = [Present value of Year 1 rent + Present value of Year 2 rent + Present value of Year 3 rent ] / [ 1 - (1 / (1 + rate)^ number of years) / rate]

= [(10 / (1 + 10%) ) + (21 / (1 + 10%)²) + (22 / (1 + 10%)³)] * [1 - (1 / (1 + 10%)³/ 10%)]

= (9.09 + 17.355 + 16.5289) / 2.48685

= $17.28

8 0
3 years ago
After retirement, you expect to live for 24 years. You would like to have $75,000 income each year. How much should you have sav
poizon [28]

Answer:

The amount that you should have saved in your retirement account to receive this income is:

= $727,995.88.

Explanation:

a) Data and Calculations:

Expected lifespan = 24 years

Expected annual income = $75,000

Interest rate per year = 9%

The amount of savings in the retirement account to receive this income is calculated from an online financial calculator as follows:

N (# of periods)  24

I/Y (Interest per year)  9

PMT (Periodic Payment)  75000

FV (Future Value)  0

 

Results

PV = $727,995.88

Sum of all periodic payments = $1,800,000.00

Total Interest = $1,072,004.12

5 0
3 years ago
The _____ approach to management focuses on scientific methods, time and motion studies, and job specialization with the goal of
iren2701 [21]
Social is the answer
3 0
3 years ago
A small Canadian firm that has developed some valuable new medical products using its unique biotechnology know-how is trying to
den301095 [7]

Answer:

Part a. Manufacturing the goods at home and let overseas sales managers handle the marketing.

Advantages  

  1. Can have a full authority in production activities.
  2. It is easy to set up a strategy and multiply the manufacturing.
  3. Having better regulator over human resources.
  4. The foreign sales agents will enhanced the understanding of European marketplaces.
  5. It lower the exit costs if product fails.

Disadvantages

  1. Having lack of information in European pharmaceutical procedures.
  2. The foreign agents may damage the brand name if not prudently handled.
  3. Additional costs in delivery of the products.

Part b. Manufacture the products at home and set up a wholly owned subsidiary in Europe to handle marketing.

Advantages

  1. Having full control in manufacturing activities.
  2. It is easy to set up a strategy and multiply the manufacturing.  
  3. Having better regulator over human resources.
  4. The brand name will not be damaged since the marketing is controlled by the same company

Disadvantages

  1. Utilization of extra resources to be consumed on marketing
  2. Having lack of information in European pharmaceutical procedures.
  3. Additional costs in delivery of the products  
  4. Having lack of information in European pharmaceutical procedures  

Part c. Enter into a strategic alliance with a large European pharmaceutical firm. The product would be manufactured in Europe by the 50/50 joint venture and marketed by the European firm

Advantages

  1. The risk is distributed among the firms.
  2. No additional delivery cost included.
  3. Knowledge of European organization will be valuable in
  4. understanding guidelines and advertising in European markets.

Disadvantages

  1. Having less control in manufacturing activities  
  2. Shared of the profit among the partners.
  3. Moderate level of exit cost is included.
  4. Additional firm may harm the brand image.

7 0
3 years ago
What internal factors affect the decision-making process of a leader?
Lena [83]

Answer:

Training, support, employee performance, company values and technology.

Explanation:

Training: All leaders must have training, such as how to perform performance evaluations. Training in practical issues and management tasks encourages leaders to be more responsible.

Support: Leaders should have the support of the organization. The company's support for its department decisions and professional aspirations is essential for the development of better leaders.

Employee performance: The aptitude and professional interests of the personnel form the basis of the decisions that the leaders take when delegating tasks and responsibilities to the employees, being the same leaders the final responsibility for the result.

Company values: Leaders who work for successful, high-level organizations demonstrate pride and commitment to their positions.

Technology: Technological solutions give the leader greater productivity and efficiency. Technology is a fundamental factor for leaders because it affects their performance.

Have a nice day!

6 0
3 years ago
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