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3 years ago

Corporate stock can be divided into categories called , which can be further divided into .

Business

1 answer:

Sophie [7]3 years ago

4 0

Answer:

c. classes, series.

Explanation:

Corporate stock refers to the shares issued to the shareholders through which the company gets its funds for the business.

These shares are of two classes mainly:

Equity and Preference

These are further divided into series like:

Equity = Fully paid, 50% paid

Preference = 5% Preference or 10% preference capital or any other rate.

Further it includes, the reserve and surplus also.

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Redeker Company purchased equipment on January 1, 2016, for $90,000. It is estimated that the equipment will have a $5,000 salva

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3 years ago

Read 2 more answers

Every society faces trade-offs because we live in a world of scarcity. Suppose a student-athlete has the opportunity to earn

Leokris [45]

Answer: Opportunity cost of returning to college next year is $1,000,000.

Explanation: Opportunity cost is the cost of the next best alternative sacrificed or foregone. When the athlete chooses to join college he is sacrificing his income that could be earned from playing the game. The player has the option of playing for the minor league baseball team for $1,000,000 or for European professional football team for $500,000. The person thus has a choice between playing for the minor league baseball team (since it is the highest paying) or going to college. Thus the opportunity cost of going to college will be $1,000,000.

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3 years ago

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ndicate whether each of the following costs should be classified as a product cost or as an SG&A cost in accordance with GAA

Leokris [45]

Answer:

Explanation:

The product cost is a combination of direct material cost, direct labor cost, and the manufacturing overhead cost. The manufacturing overhead cost is an indirect cost which is related to the factory expenses.

And, the SG&A cost is a sales, general ,and admin costs incurred to advertise the company's products so that it can accomplish its sales targets which can build a good reputation in the market.

So, the categorization is shown below:

Direct materials used in a manufacturing company. = Product cost

Indirect materials used in a manufacturing company. = Product cost

Salaries of employees working in the accounting department. = sales, general ,and admin costs

Commissions paid to sales staff. = sales, general ,and admin costs

Interest on the mortgage for the company’s corporate headquarters. = sales, general ,and admin costs

Indirect labor used to manufacture inventory. = Product cost

Attorney’s fees paid to protect the company from frivolous law suits. = sales, general ,and admin costs

Research and development costs incurred to create new drugs for a pharmaceutical company. = sales, general ,and admin costs

The cost of secretarial supplies used in a doctor’s office. = sales, general ,and admin costs

Depreciation on the office furniture of the company president. = sales, general ,and admin costs

4 0

3 years ago

Masterson Company's budgeted production calls for 56,000 units in April and 52,000 units in May of a key raw material that costs

Aleks [24]

Answer:

Total cost= $101,380

Explanation:

Giving the following information:

Production for April= 56,000

Production for May= 52,000

The raw material costs $1.85 per unit.

Each month's ending raw materials inventory should equal 30% of the following month's budgeted materials. The April 1 inventory for this material is 16,800 units.

We need to determine the budgeted material purchases for April:

Purchases= production for April + ending inventory - beginning inventory

purchases= 56,000 + (52,000*0.3) - 16,800= 54,800 units

Total cost= 54,800*1.85= $101,380

5 0

3 years ago

Select all that apply Which of the statements below summarize why a seller would give a sales allowance? (Check all that apply.)

Varvara68 [4.7K]

Answer:

I. In order to entice a customer to keep damaged or defective merchandise, the seller is willing to decrease the selling price.

II. The seller wants to avoid future lost sales.

III. The seller wants to keep a customer happy.

IV. Sold merchandise was defective or unacceptable.

Explanation:

Sales allowance can be defined as a reduction in the price of goods that a seller gives to a customer due to quality issues, incorrect pricing, shipping, etc.

The statements which best summarize why a seller would give a sales allowance are;

I. In order to entice a customer to keep damaged or defective merchandise, the seller is willing to decrease the selling price.

II. The seller wants to avoid future lost sales.

III. The seller wants to keep a customer happy.

IV. Sold merchandise was defective or unacceptable.

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3 years ago

Corporate stock can be divided into categories called ________, which can be further divided into ________.

Corporate stock can be divided into categories called , which can be further divided into .