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Gnoma [55]
3 years ago
8

Percy Corporation was formed on January 1. The corporate charter authorized 100,000 shares of $10 par value common stock. During

the first month of operation, the corporation issued 270 shares to its attorneys in payment of a $4,700 charge for drawing up the articles of incorporation. The entry to record this transaction would include:
Business
1 answer:
dimulka [17.4K]3 years ago
8 0

Answer:

paid in capital in excess of par value = $2000

and There will be a debit to Organisation expenses for $4,700

Explanation:

given data

charter authorized = 100,000 shares

common stock = $10 par value

issued  = 270 shares      

payment = $4,700        

solution

we know here that

Paid up value of the stock = $10 per share

and here shares issue to the attorney satisfying the organisation expenses is 270 shares

so common stock = 270 shares × $10

common stock =  $2700

so paid in capital in excess of par value = $2000

and There will be a debit to Organisation expenses for $4,700

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Digby's Elite product Don has an awareness of 72%. Digby's Don product manager for the Elite segment is determined to have more
Leya [2.2K]

Answer:

$2,000,000

Explanation:

current awareness of Digby's Don = 72%

next year it will decrease to 72% - 1/3 = 48% if the firm does nothing

  • first $1,000,000 adds 22% awareness ⇒ total awareness = 48% + 22% = 70%
  • second $1,000,000 adds 23% awareness ⇒ total awareness = 70% + 23% = 93%
  • third $1,000,000 adds 5% awareness ⇒ total awareness = 93% + 5% = 98%

Don's competition, Axe, has an awareness level of 77% and it should remain the same next year. So, Digby as to spend at least $2,000,000 to earn more awareness than Axe. Don's awareness level will be 93%.

7 0
2 years ago
In its first month of operations, Sunland Company made three purchases of merchandise in the following sequence: (1) 200 units a
egoroff_w [7]

Answer:

$7.91

Explanation:

The weighted-average unit cost uses the weighted concept to determine the costs of goods sold or inventory costs. Its formula is a is below

weighted -average costs =  <u>costs of goods available for  sale</u>

      units available for sale

For Sunland company,

Total costs of goods available =(200 x $7) +(540 x $8) + (125 x$9)

=1400 + 4320+1125= 6845

Total units available for sale= $200 + $540 +$125 =$865

WAC = 8645/865

=$7.91

8 0
3 years ago
Describe two factors that have led to the greater interconnectedness of countries.
fomenos

Answer:

1. Liberalization of foreign trade and foreign investment policies

2. Information technology

Explanation:

1. Liberalization of foreign trade and foreign investment policies. Trade liberalization means removing constraint or impediments to free flow of trade among countries in the world. It enables import and export to take place hence led to interconnectedness of countries.

Also, foreign companies are allowed and able to locate their business outlet in their host country. Due to foreign investment policies, there is fusion of market and production thus leading to interconnectedness of countries.

2. Information technology. Constant improvement in information technology has led to interconnectedness of countries. For instance, the use of internet(social media) comes at a lower cost hence messages can be sent from a remote area and goes viral around the world immediately it is sent.

Also telecommunication gadgets such as mobile phones, telegraphs, fax connects people and business across several race and continents.

7 0
3 years ago
How does feedback of players influence the development of a game?
weeeeeb [17]

Answer:

<h2>Evaluative Feedback Increases.</h2>

Explanation:

While comparative feedback decreases future game play. Furthermore, negative feedback decreases players’ feeling of competence, but also increases immediate game play. Positive feedback, in contrast, satisfies competence and autonomy needs, thereby boosting intrinsic motivation.

7 0
2 years ago
A company's mission statement does NOT:_____.
kondor19780726 [428]

Answer:d) give the company its own identity. explain "where we are headed.

Explanation: A company's mission statement is a statement that specifically highlights the following

(1) The needs of the customer which the company plans to fulfill.

(2) Highlight the company's products and services which are rendered.

(3) It should also identify the Customer or market it is trying to reach.

This is what a good mission statement should be, The mission statement is different from the vision statement which tends to highlight where the company is heading to in the future.

5 0
3 years ago
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