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storchak [24]
3 years ago
11

A corporation purchases 1,000 shares of its own common stock for $4,000 on Feb. 13. On April 13, half of the treasury stock was

sold for $3,000. On April 26, the other half of the treasury stock was sold for $1,800. The entry to record the April 26 sale would include
i. a debit to Paid-in Capital from the Sale of Treasury Stock for $200.
ii. a credit to Cash for $1,800.
iii. a debit to Treasury Stock for $2,000.
iv. a credit to Paid-in Capital from the Sale of Treasury Stock for $1,200.
What is the total stockholders' equity based on the following data?
Common Stock $900,000
Excess of Issue Price Over Par 375,000
Retained Earnings (deficit) 50,000
a. $1,275,000
b. $900,000
c. $1,225,000
d. $1,325,000
Business
1 answer:
koban [17]3 years ago
3 0

Answer:

d. $1,325,000

The answer and procedures of the exercise are attached in a microsoft excel document.  

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  

Download xlsx
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Anna11 [10]

Answer:

The correct answer is b. Take advantage of economies of scale and scope by opening a chain of lower priced economy hotels that leverage the Coastal Haven brand image.

Explanation:

The economy of scale refers to the power that a company has when it reaches an optimum level of production to produce more at a lower cost, that is, as production in a company grows, its costs per unit produced are reduced. The more it produces, the less it costs to produce each unit.

In other words, it means that if in a production function the quantity of all inputs used is increased by one percentage, the output produced can increase by that same percentage or increase by greater or lesser amount than the same percentage. If it increases by the same percentage, we would be faced with constant economies of scale, if it were in more, they would be growing economies of scale, if it were in less, in decreasing economies of scale.

In microeconomics, economy of scale is understood as the advantages in terms of costs that a company obtains thanks to the expansion and good synergies that it has applied to its competitive environment .

The concept of "economies of scale" serves for the long term, and refers to reductions in unit cost as the size of an installation and the levels of input utilization increase. The usual sources of economies of scale are the inventory (large-scale purchase of materials through long-term contracts), management and logistics (increasing the specialization of managers), financial (obtaining lower interest costs in bank financing), marketing and technology (benefiting of the scale yields in the production function).

8 0
2 years ago
The following accounts and their balances appear in the ledger of Goodale Properties Inc. on June 30 of the current year: Common
Katyanochek1 [597]

Answer:

Explanation:

Particulars                                                                                  Amount

Common stock $15 par value                                                   594,000

Paid-In Capital in Excess of Par—Common Stock                  <u>    15,840</u>

Total Paid-In Capital                                                                  609,840

From sale of Treasury stock                                                24,400

Add: Retained Earnings                                                            932,000

Deduct: Treasury Stock (645 shares)                                 <u>12,255</u>

Total Stockholders' Equity                                                     1,553,985

3 0
3 years ago
The owner of a property creates a deed, leaving the name of the grantee blank, and puts it in a drawer, where it is forgotten fo
bazaltina [42]

Answer:

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Explanation:

7 0
3 years ago
Arbitration is a noncoercive method of resolving a dispute between employer and union.
xeze [42]
A. True is the answer

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Edie would like to better understand a new code section enacted four weeks ago. Which of the following authorities will help Edi
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Answer:

Committee reports

Explanation:

Committee reports

Committee report will help Edie in order to understand the newly enacted code section .

Since ,

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Hence , the correct answer is C. Committee reports .

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3 years ago
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