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harina [27]
3 years ago
13

Ottawa university sold 15,000 season football tickets at $80 each for its six-game home schedule. what entry should be made when

the tickets were sold?
Business
1 answer:
RUDIKE [14]3 years ago
4 0
<span>The total revenue they earned from selling the football tickets is $1,200,000. As a result, they should debit cash for $1,200,000 and credit for unearned revenue for the same amount.</span>
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Math appendix! Hope I helped!!
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3 years ago
Last week, an investigative reporter for a major metropolitan newspaper discovered that the doctors conducting clinical trials o
wolverine [178]

Answer:

FIRST QUESTION

A)Yes; CSI's CFO engaged in unethical conduct to manipulate the firm's short-term earnings and improve the likelihood of receiving his annual bonus.

SECOND QUESTION

A)Pay the manager a combination of salary and stock options (phased in over several years) that reward him or her for consistently increasing shareholder wealth.

LAST QUESTION

MORE likely

Explanation:

We are informed from the question about an investigative reporter for a major metropolitan newspaper discovery about the doctors conducting clinical trials of a new cancer treatment drug are also the principal shareholders in Cancer Solutions Inc. And how The CFO was concerned that CSI might not be able to meet its annual performance objectives and in turn pay his anticipated multimillion-dollar bonus.

In this case there is an agency conflict that exist between CSI's CFO and the company's shareholders, this is because the, CSI's CFO engaged in unethical conduct to manipulate the firm's short-term earnings and improve the likelihood of receiving his annual bonus.

Agency conflict in finance, is also regarded as conflict of interest, usually occur between the management and the shareholders of that company, it is conflict that usually emerge when those that are required for certain responsibility like interest of principal decide to divert the the authority for their own benefits. However,agency conflict can be minimized by allowing transparency and some ways.

It should be noted here that the CSI's CFO engaged in unethical conduct to manipulate the firm's short-term earnings and improve the likelihood of receiving his annual bonus which is the reason behind the conflict because he act on his own interest.

SECOND QUESTION,

Which of the following actions will help ease agency conflicts and better align managers' objectives with the firm's shareholder wealth?

From the explanation of Agency conflict from First question it should be noted that there are some actions that will help to ease agency conflicts and better align managers' objectives with the firm's shareholder wealth such as

Payment of the manager a combination of salary and stock options (phased in over several years) that reward him or her for consistently increasing shareholder wealth.

The payment of the stock options to the manager will allow selling of stock at agreed price as well as date.

LAST QUESTION

Amalgamated Metals Corporation's stockholders are mostly individual investors, and there is relatively little institutional ownership. If several pension and mutual funds were to take large positions in Amalgamated Metals Corporation's stock, direct shareholder intervention would be__MORE__ likely to motivate the firm's management.

4 0
3 years ago
Councilwoman moore stepped up to the podium. "i don't think i need to upon reasons for voting against the proposed construction;
S_A_V [24]

Answer:

Expound, cajoled, inscrutable, acrimony, exult, harry, fluctuate

Explanation:

Word banks

Fill in the blanks using these words: fluctuate, cajole, expound, acrimony, exult, inscrutable, metier, and harry.

Councilwoman moore stepped up to the podium. "i don't think i need to expound upon reasons for voting against the proposed construction; i thought that the message was clear enough at the last meeting--when you all opposed it as well. obviously, someone has cajoled a few of you into changing your opinion since last month, and your sudden, inscrutable decision to yield to beta-rad enterprises bothers me a great deal. what happened to the surplus of acrimony  toward beta-rad from the last meeting? don't you remember how we exult in our victory over the radioactive waste dump? for two years, we've listened to beta-rad executives harry us, and we finally had the chance to stop it for good. how could the opinions of fifteen people possibly fluctuate this much?"

word bank:

5 0
3 years ago
Read 2 more answers
True or false preferred stock would be valued the same as a common stock with a zero dividend growth rate.
natka813 [3]
The answer is false
7 0
3 years ago
Read 2 more answers
Oregon Outfitters issues 1,700 shares of $1 par value common stock at $20 per share. Later in the year, the company decides to p
k0ka [10]

Answer:

A. Dr Cash $34,000

Cr Common Stock $1,700

Cr Paid in capital in excess of par-Common Stock $32,300

B. Dr Treasury stock $4,560

Cr Cash $4,560

C. Dr Cash $6,480

Cr Treasury stock $4,560

Cr To Paid in capital-Treasury stock $1,920

Explanation:

a. Preparation of the journal entry to Record the original issue of the 1,700 shares

Dr Cash $34,000

(1,700 shares × $20)

Cr Common Stock $1,700

(1,700 shares × $1)

Cr Paid in capital in excess of par-Common Stock $32,300

($34,000-$1,700)

(Being issue of common stock is recorded)

b. Preparation of the journal entry to Record the purchase of 240 shares

Dr Treasury stock $4,560

(240 shares × $19 per share)

Cr Cash $4,560

(Being repurchase of treasury stock is recorded)

C. Preparation to record the Journal entry if Oregon Outfitters resells the 240 shares of treasury stock at $27 per share.

Dr Cash $6,480

(240 shares × $27 per share.)

Cr Treasury stock $4,560

(240 shares × $19 per share)

Cr To Paid in capital-Treasury stock $1,920

($6,480-$4,560)

(Being reissue of treasury stock is recorded)

3 0
3 years ago
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