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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>

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Explanation:

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

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Answer:

$20,000

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Max company makes use of 20,000 units of part A to manufacture its product

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6 0
3 years ago
Other things the same, when the government spends more, the initial effect is that a. aggregate demand shifts right. b. aggregat
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Answer: Option (a) is correct.

Explanation:

Correct option: Aggregate demand shifts right.

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Other things remains constant, if there is an increase in the government spending, as a result aggregate demand curve shifts rightwards. This will lead to increase the price level and level of output.

4 0
3 years ago
Stephanie works 40 hours a week at a wage rate of ​$25. ​ This, her total weekly income is ​$1000. On this​ income, she pays tot
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Stephanie's marginal tax rate is 15%.

<u>Explanation:</u>

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The Marginal tax rate is the percentage of income that has to be paid as tax as a result of a change in the income bracket.

For instance, if tax rate until $1-$1000 is 10%

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3 0
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Explanation:

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Which is the final stage of the purchase decision process?.
Alisiya [41]

Answer: The final stage is Post-Purchase Behavior

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