How do organizations use podcasts?

On January 1, Skysong, Inc. had 90,500 shares of no-par common stock issued and outstanding. The stock has a stated value of $5

timama [110]

Answer:

No. of shares outstanding = A

Par Value (at $5) = B

Additional Paid in capital in excess of Par = C

Dividend = D

A B(A*$5) C D

Jan 1 balance 90,500 $452,500 $0

shares

Add: Issued Apr 1 21,000 $105,000 $294000

shares

June 30 Balance 111,500 $557,500 $294,000 $111,500

shares [111,500 shares x $1]

Add: Dec 1 Issued 2,500 shares $12,500 $32,500

Dec 31 Balance 114,000 $570,000 $326,500 $490,200

[114,000 shares x $4.3]

Journal Entries based on above

Date Accounts Titles Debit Credit

15-Jun Dividends $111,500

Dividends payable $111,500

10-Jun Cash $111,500

Dividends $111,500

15-Dec Dividends $490,200

Dividends payable $490,200

6 0

3 years ago

On the basis of the details of the following fixed asset account, indicate the items to be reported on the statement of cash flo

harina [27]

Answer and Explanation:

The items that should be reported on the cash flow statement is shown below;

On March 12 Purchase of fixed assets - investing activity - deducted - $104,300

On Oct 4 Sale of fixed assets - investing activity - added - $63,840

Gain on sale of fixed assets - operating activities - deducted - $31,710 ($95,550 - $63,840)

6 0

3 years ago

An explanation of how gdp and gnp is important in marketing and how they relate to the marketing process

Tom [10]

Answer:

The overview of the instance would be described throughout the following section.

Explanation:

Throughout economics, GDP has been utilized to measure the amount profitability of a company manufactured inside the borders of a nation.
Whilst also GNP has been utilized to measure the amount of profit of an organization manufactured or organized by the nation's residents, regardless of geographic location.

5 0

3 years ago

Mason Company's schedule of cost of goods manufactured is as follows:

earnstyle [38]

Answer:

Mason Company

a. A schedule of cost of goods manufactured:

Beginning inventory of raw materials $7,000

Purchases of raw materials $118,000

Less ending inventory of raw materials $15,000

Cost of raw materials used in production $110,00

Beginning Work in process $10,000

Cost of raw materials used $110,000

Direct labor costs $70,000

Manufacturing overhead $80,000

Total production cost $270,000

Ending work in process $5,000

Cost of goods manufactured $265,000

b. Cost of goods sold section of Mason Company's income statement for the year:

Beginning Finished goods inventory $20,000

Cost of goods produced $265,000

less ending finished goods inventory $35,000

Cost of goods sold $250,000

Explanation:

a) The cost of goods manufactured includes the beginning inventory of raw materials and Work in process, the purchase of raw materials during the period, direct labor costs and manufacturing overhead. Then the costs of ending inventory of raw materials and work in process are subtracted to get the cost of goods manufactured.

b) The cost of goods sold includes the cost of beginning inventory of finished goods and the cost of goods manufactured with the subtraction of the ending inventory of finished goods.

5 0

4 years ago

The chart gives prices and output information for the country of Utopia. Use this information to calculate real and nominal GDP

skad [1K]

Answer: Nominal GDP 2016 = $7,100

REAL GDP 2016 = $3,700

Nominal GDP 2017 = $4,500

Real GDP 2017 = $4,500

Explanation:

To calculate the Nominal and Real GDPs we use the following formulas,

Nominal GDP = Sum of (Current Year Price x Current Year Quantity)

Real GDP = Sum of (Base Year Price x Current Year Quantity)

We make the assumption that 2017 is the base year so calculating would be,

Nominal GDP, 2016 = [(7 x 600) + (70 x 20) + (300 x 5)]

= $(4200 + 1400 + 1500)

= $7,100

Remember for this we will use 2017 as the base year so we will use 2017 prices

Real GDP, 2016 = [(3 x 600) + (20 x 20) + (300 x 5)]

= $(1800 + 400 + 1500)

= $3,700

Nominal GDP, 2017 = [(3 x 400) + (20 x 90) + (300 x 5)]

= $(1200 + 1800 + 1500)

= $4,500

Now seeing as 2017 is the base year, it's nominal and real GDPs will be the same.

Real GDP, 2017 = $[(3 x 400) + (20 x 90) + (300 x 5)]

= $(1200 + 1800 + 1500)

= $4,500

I included the details part of question so it is clearer.

If you have need any clarification do react or comment.

3 0

3 years ago