All categories

4 years ago

The shareholders’ equity section of the balance sheet of TNL Systems Inc. included the following accounts at December 31, 2015:

Business

1 answer:

ivolga24 [154]4 years ago

3 0

Answer:

TNL System Journal entries

Date Description DR CR

$'million $'million

a. Feb 5 Treasury Stock 66

Cash 55

Being the purchase of own shares

b. July 9 Cash 26

Treasurt Stock 22

Paid -in- Capital -share repurchase 4

Being the resale of treasury stock

c. Nov 4 Cash 16

Paid - in-capital- share repurchase 5

Retained earnings 1

Treasury stock 22

Being the resale of treasury stock below the cost

2. Balance Sheet as at December 31, 2018

$'million

Equity

Common stock, 230 ,illion shares at $1 230

Paid-in-excess capital of par 1,830

Retained Earnings ( 1,400 - 1 -1,399) -

2,060

Treasury Stock (22)

Total Equity 2,038

Explanation:

You might be interested in

Using the following data, develop an allowance percentage for a job element that requires the worker to lift a weight of 30 poun

Volgvan

Answer:

While estimating standard time of doing a job, some extra allowances are provided on the basis of nature of work. In this connection, different factors, like monotony, light, awkwardness, muscular force required etc. are taken into consideration. Calculation of this allowance is shown below:

Personal allowance is a basic allowance. It has been allowed for all jobs. It is fixed at 5%
Basic Fatigue allowance of 4% is also common. It is allowed in all jobs.
Standing: 0% allowance is required for standing in a slightly awkward position and further it will increase on the basis of awkwardness.
Lifting: Any work requiring muscular or force energy will be provided lifting allowance. It will vary on the basis of weight lifted. Here 25 lbs. weight has been lifted. Hence, 4% lifting allowance has been provided.
Bad light: It is available only when light is well below the recommended level. Here light is slightly below the recommended level. Hence, 0% allowance is required for in light that is slightly below recommended standards.
Noise level: A continuous noise is common in production activities. For intermittent loud noises occurring a 2% allowance is provided.
Monotony: As the monotony for the element is low for this work. No extra allowance is required. 0% is required for low monotony.

7 0

3 years ago

Trade industry short note

exis [7]

Answer:

Trade is a basic economic concept involving the buying and selling of goods and services, with compensation paid by a buyer to a seller, or the exchange of goods or services between parties

6 0

3 years ago

Leone thinks that because her employee Josef went to an Ivy League college he is very knowledgeable, and she always asks his opi

lina2011 [118]

Answer:

self-fulfilling prophecy

Explanation:

Based on the information provided within the question it can be said that in this scenario a self-fulfilling prophecy has occurred. This term refers to when an individual causes a prediction to come true by unintentionally adjusting their behavior and action in such a way that makes that prediction come true. Which is what is happening in this scenario since Leone thinks that Josef is good at investing, it makes Joesef read up and become good at investing.

3 0

4 years ago

Two people save money in a tax-deferred Individual Retirement Account that earns 8% annually. Person A invests $ 3,000 a year fr

riadik2000 [5.3K]

Answer:

Person B

Explanation:

If Person A begins investing $3,000 a year from age 20 to 29 he would have invested a total of $30,000. Each year he earns 8% of the amount in his account, so the first year he earns $3,000 x 8% = $240, the second year $6,000 x 8 = $ 480...and so on. Total interest earned are $99,600 from the age of 20 thru 65, because at age 30 no more money in invested but the $30,000 continues to earn 8% interest until the age of 65.

Person A earns a total of $30,000 + $99,600 = $129,600

Person B begins investing $3,000 a year at age 30 and invests a total of $108,00 from age 30 thru 65. Interest of 8% also needs to be considered from age 30 thru age 65. Total interest earned is $159,840.

Person B earns a total of $108,000 + $159,840 = $267,840

So Person B would earn more money at the age of 65.

PS: Spreadsheet attached.

Download xlsx

3 0

3 years ago

Sanders Inc. claims that it only uses organic cleaning products in its janitorial services. In reality, the company buys whateve

labwork [276]

Sanders Inc. claims that it only uses organic cleaning products in its janitorial services. In reality, the company buys whatever is cheapest in bulk. This is an example of greenwashing.

Greenwashing is the system of conveying a false impression or supplying deceptive facts approximately how an agency's products are more environmentally sound. Greenwashing is taken into consideration by an unsubstantiated claim to lie to purchasers into believing that a agency's merchandise is environmentally friendly.

Greenwashing additionally called "green sheen", is a form of advertising and marketing spin wherein green PR and green advertising is deceptively used to influence the general public that an agency's merchandise, ambitions, and rules are environmentally friendly.

A traditional instance of greenwashing is when Volkswagen admitted to dishonest emissions tests by becoming diverse cars with a “defect” tool, with a software program that might discover whilst it changed into undergoing an emissions test and altering the overall performance to reduce the emissions degree.

Learn more about greenwashing here brainly.com/question/21992794

#SPJ4

6 0

2 years ago