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zhannawk [14.2K]
3 years ago
10

Prom Night Formal Wear has the following stockholders' equity accounts at December 31, 2018: Common Stock, $1 par value, 1,200,0

00 shares; Additional Paid-in Capital, $20 million; Retained Earnings, $15 million; and Treasury Stock, 40,000 shares, $1.60 million. Prepare the stockholders' equity section of the balance sheet. (Enter your answers in dollars, not in millions. Amounts to be deducted should be indicated with a minus sign.)
Business
1 answer:
Bad White [126]3 years ago
6 0

Answer and Explanation:

The preparation of the stockholder equity section of the balance sheet is shown below:

Common stock ($1 × 1,200,000 shares)          $1,200,000

Add: Additional paid in capital                          $20,000,000

Add: Retained earnings                                      $15,000,000

Less: Treasury stock                                           $1,600,000

Stockholder equity                                           $34,600,000

We simply added the all items except the treasury stock as it should be deducted

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A bond that pays interest semiannually has a coupon rate of 5.44 percent and a current yield of 4.91 percent. The par value is $
Aleksandr [31]

Answer:

Results are below.

Explanation:

Giving the following information:

Cupon rate= 0.0544/2= 0.0272

YTM= 0.0491/2= 0.02455

The par value is $1,000

<u>We weren't provided with the number of years of the bond. I imagine for 9 years.</u>

<u>To calculate the bond price, we need to use the following formula:</u>

Bond Price​= cupon*{[1 - (1+i)^-n] / i} + [face value/(1+i)^n]

Bond Price​= 27.2*{[1 - (1.02455^-18)] /0.02455} + [1,000*(1.02455^18)]

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4 0
2 years ago
When Heavenly Cookies prices its sugar cookies at $1.00, they sell 75 cookies. They lowered the price to $0.50 and sold 200 cook
Serga [27]

Answer: Total Revenue is $100 and the price elasticity is 0.4

Explanation: total revenue is computed as Price * Quantity

$0.5 * 200= $100

Elasticity is the degree of responsiveness of quantity demanded to a change in price.

Old price $1

New price $0.5

Old quantity 75

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Formula- % change in quantity demanded / % change in pride

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4 0
3 years ago
The average wholesale price a company is charging camera retailers for its models is deemed to be competitive with the average w
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Their average wholesale price can be said to be competitive if it is below the all-company average wholesale price in that geographic region.

<h3>When is a price considered competitive?</h3>
  • It means that the price is better than others in the market for a certain good or services.
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The company is therefore charging a lower than average price which is why it is competitive with others because they will be forced to lower prices to maintain sales.

In conclusion, option A is correct.

Find out more on markets that allow competitive pricing at brainly.com/question/24877850.

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lakkis [162]

Answer:

Global marketing standardization

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In this situation, Zenith provides the same machine technology and ingredient for there customer. it is a type of Global marketing technique.

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