Answer:
A) Debit to Additional Paid-In Capital for $14,000
Explanation:
When a company sells or rebuys stock it must record the transaction at par value in the Common Stock account. Any additional money received or paid in excess of par value has to be recorded in the Additional Paid-In Capital account.
In this case since the company paid an extra $1,400 for 1,000 shares, that amount has to be debited from the Additional Paid-In Capital account. Since this account is an asset account and it is decreasing, it has to be debited.
Answer:
Approximate rate of return will be 9 %
Explanation:
We have given a stock is purchased on January 1 of cost $4.35
And sold at the same year on December 31
We have to find the rate of return
Rate of return will be equal to = 9%
So approximate rate of return will be 9 %
To learn how to exploit its own valuable/rare resources would a firm currently experiencing competitive parity be able to gain sustained competitive.
In order for a company to maintain a lasting competitive edge, it must have control over a group of exploit resources that meet four essential criteria. These resources need to be: (1) priceless; (2) uncommon; (3) imperfectly imitable (hard to replicate); and (4) non-replaceable. A business offers the goods and services that customers want by utilizing its resources and capabilities. It creates a cost or differentiation advantage when a company employs them properly to make a product at the lowest cost and with more features.
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Answer:
700 units
Explanation:
Calculation for the what the size of the order will be.
Using this formula
Unit to sell= Total additional fixed costs + desired profit / Contribution margin per unit=
Let plug in the formula
Units to sell=$550 + $850 / (8-6)
Units to sell= $1,400/2
Units to sell=700 units
Therefore the size of the order will be 700 units