1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Gemiola [76]
3 years ago
6

This company was incorporated as a new business on January 1, 2019. The company is authorized to issue 50,000 shares of $5 par c

ommon stock and 10,000 shares of 6%, $10 par, cumulative, participating preferred stock. On January 1, 2019, the company issued 8,000 shares of the common stock for $15 per share and 2,000 share of the preferred stock for $30 per share. Net income for the year ended December 31, 2019 was $375,000. Refer to Lanier Tech. What is the amount of the company's total capital stock at December 31, 2019?
Business
1 answer:
weqwewe [10]3 years ago
8 0

Answer:

Amount of the company's total capital stock at December 31, 2019:

Common stock = 8,000 x $15 =                 $120,000

Preferred stock = 2,000 x $30 =               <u>$60,000</u>

Total issued share capital                          $180,000

Add: Net income at 31 December, 2019    <u>$375,000</u>

Total capital stock                                        <u>$ 555,000</u>

<u />

Explanation:

Total capital stock is the aggregate of par value of common stock, par value of preferred stock and net income.

You might be interested in
How is knowing one's own credit score important in avoiding predatory scams
Lerok [7]
You can tell the difference because your credit score can decrease if you try to check it  it may decrease everyday
4 0
3 years ago
Relatively few consumers like to go to the dentist. Dental insurance plans that pay for regular checkups increase the __________
Hatshy [7]

This is perceived value, making the check ups free increases the value.

5 0
3 years ago
Which of the following is/are tactics used by interest groups to influence public opinion? Publicizing voting records of members
Shalnov [3]

Answer:

Publicizing Voting Records and Publishing Research.

Explanation:

As they seek to influence the public opinion and not the government in this question, lobbying would be out as it is a tactic to influence congress members directly and not the public. Publishing voting records could be a valid tactic if said vote records were in favor of the group interest. Funding and publishing research is a valid tactic as well because it serves as a platform to get facts and data to the public, influencing its decision (in the scenario a research findings benefits the interest groups vision, obviously).  

3 0
3 years ago
Strategic groups typically follow different business strategies. In the pharmaceutical example in this case, the high-risk, high
Bumek [7]

The pharmaceutical example whereby the high-risk, high-return strategy is employed would be characterized by: d. related diversification.

<h3>What is Related Diversification?</h3>

Related diversification can be described as a scenario whereby a firm ventures into a new industry in which there are similarities in the business lines of the new and old industry.

In most cases, related diversification, is a strategy where the existing products and services have much similarity with the new ones that are being developed.

Therefore, the pharmaceutical example whereby the high-risk, high-return strategy is employed would be characterized by: d. related diversification.

Learn more about related diversification on:

brainly.com/question/417234

4 0
3 years ago
What would happen to the equilibrium price and quantity of lattés if the cost of producing steamed milk, which is used to make l
bagirrra123 [75]

Answer:

The equilibrium price would increase, and the equilibrium quantity would decrease.

Explanation:

With an increase in the cost of steamed milk, the cost of materials, one of the key factors in pricing decision would rise, which means that the equilibrium price of lattes would also increase. With an increase in price, according to the law of demand, there is a decrease in demand. Therefore, the quantity of lattes sold at the new equilibrium price would decrease.

The equilibrium price would increase, and the equilibrium quantity would decrease.

7 0
3 years ago
Other questions:
  • W gave w's age as 50 when w purchased a life policy. at the time of w's death seven years later, the company discovered w's true
    8·1 answer
  • Which of the following perspectives is least useful for evaluating solutions?
    11·2 answers
  • During 20X0, Pard Corp. sold goods to its 80%-owned subsidiary, Seed Corp. At December 31, 20X0, one-half of these good were inc
    5·1 answer
  • Absent government regulations to guard against​ fraud, why might top managers deceive investors about the true financial condi
    12·2 answers
  • At a price of $15 each, Marta buys 4 books per month. When the price increases to $20, Marta buys 3 books per month. Luz says th
    14·1 answer
  • Which of the following statements is true regarding team composition?A) A team's performance is merely the summation of its indi
    12·2 answers
  • PEZ Candy Inc. produces the popular small candy that is dispensed in collectible flip-top dispensers. In the United States, PEZ
    14·1 answer
  • Which of these is funded by FICA?
    6·2 answers
  • What is the meaning of marketing​
    12·2 answers
  • An import quota seeks to guarantee domestic industries ______.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!