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slamgirl [31]
3 years ago
13

It is not unusual for companies to issue ____ type(s) of common stock and ____ type(s) of preferred stock.

Business
1 answer:
Dennis_Churaev [7]3 years ago
8 0

It is not unusual for companies to issue ONE type of common stock and MANY types of preferred stock. A preferred stock is a level of ownership in a corporation that has upper hand over its assets and earnings than common <span>stock. Common stock</span><span> holders however, are the ones who exercise control over the corporation by electing a board of directors and voting on corporate policy.</span>

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A method of accounting for uncollectible receivables in which the company estimates bad debts expense instead of waiting to see
bazaltina [42]

Answer:

The statement is True as well as correct

Explanation:

Allowance method is the financial term which is defined as the uncollectible accounts receivable procedure that reports the estimate of the bad debt expense in the same accounting or fiscal year as the sale.

Under this method, it is used to adjust the accounts receivable which appears on the balance sheet.

For example,

If the company has the credit sales of $800,000 in December and estimate that the 4% will be uncollectible. Then using this method, computing the uncollectible as:

Bad debt expense = Sales × Estimate uncollectible

= $800,000 × 4%

= $32,000

So, this estimate the bad debt expense rather than wait to see which customer will not able to collect.

5 0
3 years ago
Bravo inc owns 20,000 of the 40,000 outstanding shares of bello, inc. common stock. During 2021, Bello earns 1,200,000 and pays
stealth61 [152]

Answer:

the  ending balance of the investment account is $870,000

Explanation:

The computation of the ending balance of the investment account is shown below:

= Beginning balane + [(earns - dividend) × (owns shares ÷total shares)]

= $750,000 + [($1,200,000 - $960,000) × (20,000 ÷ 40,000)]

= $750,000 + $120,000

= $870,000

Hence, the  ending balance of the investment account is $870,000

4 0
3 years ago
A product's _____ is most likely to influence the purchase decision of the consumers.
Stolb23 [73]

The answer is the product’s quality. It is because the overall quality of the product is the main reason why consumers want to buy the product because the quality is the characteristic of the product possess and this will greatly affect the consumers, especially if they like the product’s quality.

7 0
3 years ago
The Upjohn Company purchased new packaging equipment with an estimated useful life of five years. The cost of the equipment was
egoroff_w [7]

Answer: a). Straight line method = $10,000. b). Double declining balance method = $20,000.

Explanation: Depreciation is the weat and tear of an asset over the useful life. There are several methods of depreciation. They include; straight line method, double-declining method, units of production method and so on.

Straight line method = (cost - salvage value)/ useful life

= (55000 - 5000)/5 = 50000/5

= $10,000

Double-declining balance method = straight line method × 2

= $10,000 × 2

= $20,000

3 0
3 years ago
Given that globalization connects countries in many ways, managers need to pay close attention to economic environments to under
Maru [420]

Answer:

<u>distinguish one place from another.</u>

Explanation:

Globalization corresponds to a process of economic, political, cultural and social integration between different countries, which was motivated by the advance of new technologies, which boosted communication and transportation between different countries.

Globalization has a significant impact on the world, it affects communication, the movement of goods and resources, international trade and other variables.

Therefore, it is important that in a company that wants to expand in the world market to have an organizational culture focused on a world view of management, prioritizing the internal and external environment that differs according to the country in which the business activities are implemented. It is necessary for managers to have an ethical view of doing global business, where there is respect for different cultures and a positive organizational climate.

It is also important to segment the local market, taking advantage of all the small opportunities that a new market can offer, such as reducing costs and maximizing profits, government incentives and hiring experienced employees in the local market.

6 0
3 years ago
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