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3 years ago

The following data is available for Pina Colada Corp. at December 31, 2017:

Business

1 answer:

Kazeer [188]3 years ago

7 0

Answer:

No of common stock outstanding

= Total value of common stock issued

Par value per share

= $196,000

$10

= 19,600 shares

Explanation:

In this case, we will divide the total value of common stock issued by the par value per share so as to obtain the number of common stock outstanding.

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Indicate whether each of the following transactions represents an increase in net exports, a decrease in net exports, an increas

iris [78.8K]

Answer:

(a). A worker at a Sony plant in Japan buys some Georgia peaches from an American farmer.

- Increase in exports while no change in imports.

(b). The Sony pension fund buys a bond from the U.S. Treasury.

- Decrease in a net outflow of capital. Thus, it would be considered as a negative inflow/outflow.

(c). An American investor buys a controlling share in a South Korean electronics firm.

- Increase in Net Capital outflow for the U.S.

Explanation:

Exports are described as the selling of domestic goods to a foreign country while Imports are characterized as the process of bringing in foreign goods to the domestic country. And Capital outflow is defined as the exact flow of funds from domestic to foreign and foreign to the domestic country.

In the first case, the purchase reflects a rise in exports as the domestic product is sold to the foreign country. In the second situation, the net outflow of the capital would decreases as it demonstrates a foreign purchase of a domestic asset. In the third example, the American investors' purchase of a South Korean firm demonstrates a domestic purchase of a foreign asset and thus, the net capital outflow would rise.

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3 years ago

Mitchell and Powell form Green Corporation. Mitchell transfers property (basis of $105,000 and fair market value of $90,000) whi

zheka24 [161]

Answer:

Neither Mitchell nor Powell has any gain or any loss

Explanation:

8 0

3 years ago

The may bank statement for accounting services shows a balance of $6,300, but the balance per books shows a cash balance of $7,9

vichka [17]

The adjusted cash balance at the end of August should be $8,180.

<h3>The May bank statement for Accounting Services shows a balance of $6,300, but the balance per books shows a cash balance of $7,980. Other information includes the following:</h3>

-A check for $200 to pay the electric bill was recorded on the books as $20.

-Included on the bank statement was a note collected by the bank for $400 plus interest of $30.

-Checks outstanding totaled $260.

-Bank service charges were $50.

-Deposits in transit were $2,140.

The adjusted cash balance at the end of August should be

A. $7,980.

B. $9,810.

C. $7,620.

D. $8,180.

Solution:

$6,300 + 2,140 - 260 = $8,180.

$7,980 - 180 - 50 + 430 = $8,180

The adjusted cash balance at the end of August should be

D. $8,180.

To learn more about the sum, refer

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2 years ago

Toll-free hotlines that companies set up to give employees a place to report misconduct are associated with which aspect of ethi

svlad2 [7]

The correct answer to this question is creating systems to monitor and implement ethical standards. Because here the company has taken an action of setting up toll free hotlines to enforce ethical standards. It talks about establishing systems and here in the given scenario toll free hotlines system has been established.

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3 years ago

When you use money to purchase a new car, money serves as a: double coincidence of wants. medium of exchange. store of value. un

VikaD [51]

Answer:

medium of exchange. since it is being offered in exchange for the car

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2 years ago