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
Organizations pursuing which hr strategies would be most likely to use work experience for employee development?
liubo4ka [24]

Loyal soldier and Bargain laborer are the most suitable HR strategies that can be used by organizations to use work experience for employee development.

It is becoming increasingly apparent that human resource practices impact organizational performance and competitive advantage. HR  role has evolved over time. It is now focused on value creation and the need to align HR activities with strategic planning. This change was necessitated by the concept of human capital which includes the skills, judgement and intelligence of a company's employees. The relevance of this connection is evident in Thite study which states that it has a direct involvement in HR delivery and business.

To learn more about HR strategies here

brainly.com/question/8456891

#SPJ4

3 0
2 years ago
You consider purchasing a new computing system, including networking, for your sales force for $112,000. The system has a 6-year
pshichka [43]

Answer:

I am sorry

Explanation:

I dont do business

4 0
3 years ago
(a) What is the present value of $34,900 due 9 periods from now, discounted at 9%? (Round answer to 2 decimal places, e.g. 25.25
Simora [160]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

a) What is the present value of $34,900 due 9 periods from now, discounted at 9%

We need to use the following formula:

PV= FV/(1+i)^n

PV= 34,900/1.09^9= $16,068.83

(b) What is the present value of $34,900 to be received at the end of each of 12 periods, discounted at 8%

First, we need to find the final value:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

FV= {34,900*[(1.08^12)-1]}/0.08= 662,301.71

PV=  662,301.71/(1.08^12)= 263,009.12

7 0
3 years ago
50 POINTS
ExtremeBDS [4]

A. Early Childhood Development.

8 0
3 years ago
Read 2 more answers
How does Lincoln honor the battle of Gettysburg in his address? What did the soldiers fight for in his opinion?
Pani-rosa [81]

Answer:

a. He honors the battle in his address using the following words, ''Now we are engaged in a great civil war, testing whether that nation or any nation so conceived and so dedicated, can long endure. We are met on a great battle-field of that war.''

b. In his opinion the soldiers fought for freedom, equality and human rights.

Explanation:

The Gettysburg address was a short speech made by Abraham Lincoln on November 19, 1863 at the official dedication ceremony in Pennsylvania at the site of the battle field after the civil war. It was a declaration of freedom and independence and further cemented the soldiers sacrifice for equality and human rights.

He honored the battles by reiterating that the sacrifice made by the soldiers will not be in vain. This he does by saying that the soldiers themselves whether alive or dead have already consecrated the ground of battle and no further addition or detraction is needed. This meant that the battles itself was proof enough that the nation was ready for independence and justice.

Additionally, he also stated that the soldiers fought for freedom and the government for the people, by the people and of the people. This in other words means that the soldiers fought for democracy, where everyone is equal under the law. That equality and justice is the foundation upon which this newly independent nation has been built.

6 0
3 years ago
Other questions:
  • The following information is available for completed Job No. 402: Direct materials, $120,000; direct labor, $180,000; manufactur
    14·1 answer
  • Unlike in joint ventures, in contract manufacturing, _____.
    5·2 answers
  • Alpha can produce either 18 oranges or 9 apples an hour, while Beta can produce either 16 oranges or 4 apples an hour. If the te
    14·1 answer
  • Annual starting salaries for college graduates with degrees in business administration are generally expected to be between $43,
    8·1 answer
  • Kaitlin works with her clients to increase visibility and use of their websites using
    9·1 answer
  • Washington, Inc. produces two different products (Product C and Product 2) using two different activities: Machining, which uses
    6·1 answer
  • What factors, do you think determine how long a product will stay in the product life cycle
    7·1 answer
  • 1. Take a moment to reflect on the process of creating your personal budget. What was the most challenging part of creating your
    7·1 answer
  • What are the effects on the accounting equation when dividends are declared and paid?
    13·1 answer
  • In order for managers to determine the resources needed to achieve their objectives, a(n)?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!