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harkovskaia [24]
3 years ago
6

When no-par stock is issued, the entire proceeds are credited to Capital Stock and this amount is viewed as legal capital not su

bject to withdrawal. True or False True False
Business
1 answer:
zhannawk [14.2K]3 years ago
6 0

Answer:

True

Explanation:

If there is no-par stock is issued, the entire proceeds are credited to Capital Stock. Also, the amount we get in for this capital amount can not be legally withdrawn for any purposes. It also reduces any responsibility faced from payable by the issuance of no face value. The journal entry will be as follows:

Cash Debit

Common stock Credit

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Gnoma [55]

Answer:

you didnt put the full question in.

Explanation:

we cant tell what donna bought and cant see the question at all actually

6 0
3 years ago
The following labor standards have been established for a particular product: Standard labor-hours per unit of output 8.6 hours
Artyom0805 [142]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Standard labor-hours per unit of output 8.6 hours Standard labor rate $ 15.50 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked 8,500 hours Actual total labor cost $ 129,200 Actual output 840 units

Actual rate= 129,200/8,500= 15.2

Direct labor price variance= (SR - AR)*AQ

Direct labor price variance= (15.5 - 15.2)*8,500= $2,550 favorable

Direct labor efficiency variance= (SQ - AQ)*standard rate

Direct labor efficiency variance= (7,224 - 8,500)*15.5= $19,778 unfavorable

4 0
3 years ago
The Cascade Fresh yogurt company launched a very effective marketing plan strategy. The market responded, and customers flocked
MAXImum [283]

Answer:

The correct answer is C

Explanation:

As the yogurt company, launched a effective plan for the marketing strategy. But the market responded and the consumers flocked to purchase the yogurt. So, it means that the plan does not work in the market.

Therefore, the company need to update the market plan so that the more successful the plan will be it will require a revision and a faster plan.

7 0
3 years ago
Vaughn Manufacturing reported net income of $1.5 million in 2017. Depreciation for the year was $153.008, accounts decreased $34
borishaifa [10]

Answer:

..................................................Vaughn Manufacturing.......................................

Cash flows from operating activities 2017

Net Income.........................................................................$1,500,000

Adjustments to reconcile net income to Net Cash provided by Operating Activities  

Add Decrease in Accounts Receivable .........$343,900  

Less Decrease in Accounts Payable.............$(282,900)  

Add Depreciation.............................................$153,000....$214,000

Net cash provided by Operating Activities........................$1,714,000

7 0
3 years ago
Becky’s comprehensive major medical health insurance plan at work has a deductible of $850. The policy pays 80 percent of any am
Aleks04 [339]

Answer:

a) $2498.6

b) No

Explanation:

Given that:

Deductible = $850

Medical cost for treatment = $9,093

Policy deductible percentage = 80% = 0.8

a)

Coinsurance =  (Medical cost for treatment - deductible) x (1 - policy deductible percentage)

Substituting values:

Coinsurance = ($9093 - $850) x (1 - 0.8) = $8243 x 0.2 = $1648.6

The total amount Becky would pay under the current policy  = Deductible + Coinsurance = $850  + $1648.6 = $2498.6

b) No, since beck paid $2498.6 instead of a policy of $4000, she saved $1501.4 (i.e $4000 - $2498.6)

3 0
3 years ago
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