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Alekssandra [29.7K]
3 years ago
5

Indicate whether each of the following statements is true or false. 1. The corporation is an entity separate and distinct from i

ts owners. select between True and False 2. The liability of stockholders is normally limited to their investment in the corporation. select between True and False 3. The relatively low amount of government regulation of corporations is an advantage of the corporate form of business. select between True and False 4. There is no journal entry to record the authorization of capital stock. select between True and False 5. No-par value stock is quite rare today.
Business
1 answer:
slavikrds [6]3 years ago
4 0

Answer:1 True, 2 True, 3 True, 4 True 5 True

Explanation:

The business is seen as a separate legal entity separate from the owner. The reason for this is to know exactly what the capital employed by the owner's and investors have yielded

The liability of each shareholders for debt of the company is limited to the amount of capital in form of shares to the company or the amount each shareholders have agreed to contribute in the event of winding up or liquidation of the company

In a free market economy, government allows individual to own business they allow them to decide what to produce and how to produce it.however government plays a little role in business, but what government do is to provide an enabling environment for them to operate so that they can thrive. But government put in place some laws to control business activities.

The authorise capital is the capital contributed by the promoters of the company at inception of the company. It is a capital stated in their memorandum of association which are registered by the registrar of company.It is recorded not recorded in the journal

The common shares are issued either at par or non par value. When no stated value is on the share certificate it is known as non par valueThe value assigned to a share on the share certificate is the par value. But now, the two value commonly used are the book value and market value the book value is the total value that has been invested in the company common shares and how much will be available should the company liquidate. The market price is the stock market price which usually can be found on the financial page of the daily newspapers.

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Hazelwood Company had beginning inventory of $54,000. During the period the company purchased $109,800 of merchandise. At the en
Ilia_Sergeevich [38]

Answer:

$207000 is the sales revenue for the year.

Explanation:

The given situation is:

Sales Revenue                              100%

Cost Of Goods sold                     <u>  60% </u>

Profit Margin                                  40%

Now we neither have sales revenue figure nor the profit margin figures but we can calculate cost of goods sold from the following formula:

Cost Of Goods Sold = Opening Inventory + Purchases - Closing Inventory

By putting values we have:

Cost Of Goods Sold = $54,000 + $109,800 - $39,600

Cost Of Goods Sold = $124,200

Now cost of goods sold is 60% which means if we want to go at 100% we will divide with the percentage at which we are standing (60%) and multiply with the percentage which we want to calculate (Sales is 100%).

Sales revenue = Cost of goods sold  *    100% / 60%  

Sales revenue = $124200  * 100% / 60%  = $207,000

3 0
3 years ago
A corporation has the following account balances: Common Stock, $1 par value, $80,000; Paid-in Capital in Excess of Par Value, $
Nitella [24]

Answer:

b. number of shares issued is 80,000

Explanation:

In the question, the common stock par value and the total amount is given. Moreover, paid-in capital is also given.

So, if we compute it, then it gives the number of shares issued because it contains a formula which is shown below:

Number of shares issued = (Common stock ÷ Par value)

= ($80,000 ÷ $1)

= 80,000 shares

So, paid-in capital is not relevant in the computation part, and therefore, the other options are wrong except b. option.

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3 years ago
What was the opening price of dow jones industrial average on jun 01, 2017 in the format of xxxxx.xx?
babymother [125]

Answer:

21080.28.

Explanation:

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