The journal entries to record this event under each of the following separate situations.
A Journal entry is a record of the commercial enterprise transactions inside the accounting books of a enterprise. A well documented journal entry consists of the ideal date, amounts to be debited and credited, description of the transaction and a unique reference wide variety. A journal entry is the first step within the accounting cycle.
Journal entry
No account and explanation Debit Credit
a Cash 54200
Common Stock (6000*6) 36000
Paid in Capital in excess of par value-Common Stock 18200
b Cash 54200
Common Stock 54200
c Cash 54200
Common Stock (6000*3) 18000
Paid in Capital in excess of stated value-Common Stock 36200
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Answer: The Baldrige award aims to publicize successful quality programs, recognize quality achievements of United States companies and stimulate efforts to improve quality. (Option C)
Explanation:
The Malcolm Baldrige National Quality Award is an award that is given to United States organizations in several sectors such as manufacturing, education, services healthcare, business and non profit organizations that have performed exceptionally well. The award recognize companies for excellent performances. It is the only formal recognition of quality performance of private and public organizations that is given by the United States president.
The Baldrige award's goal is to recognize the quality achievements of organizations in the United States, publicize successful quality programs and enhance efforts to improve quality.
Answer:
the return on the preferred stock is 15.22%
Explanation:
The computation of the return on the preferred stock is shown below:
Return on Preferred Stock is
= Constant annual Dividend ÷ Price × 100
= $4.85 ÷ $31.86 × 100
= 15.22%
Hence, the return on the preferred stock is 15.22%
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Answer:
C) the syndicate member assumes liability for unsold shares and the selling group member does not.
Explanation:
In the trading of a security, the dealer's spread refers to the difference between the bid and asked prices of a security, which represents the dealer's markup, or profit from a security transaction.
Simply stated, the bid-ask spread refers to the amount by which the bid price by a dealer is lower than the ask-price for a security or an asset in the market at a specific period of time.
The bid-ask spread exists because of the need for dealers to cover expenses and make a profit. A bid-ask spread is use in the transaction of the following items; options, future contracts, stocks, and currency pairs.
The primary difference between an underwriting syndicate member and a selling group member in a firm commitment underwriting is that the syndicate member assumes liability for unsold shares and the selling group member does not.
Answer: BATCH PRODUCTION
Explanation: Batch production is a production process which involves controlled or regulated productions in small or regulated quantities. Batch production is used to describe a production process that is not continuous,it occurs in specific times and batch.
The production of hundred bolts and hundred nuts in standard sizes in two hours by Alvend is a BATCH PRODUCTION PROCESS.