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3 years ago

Function of commerce

2 answers:

6 0

Answer:Commerce is a branch of production that deals with the distribution; exchange of goods and services and all activities that assist or facilitate trade.

Explanation:

m_a_m_a [10]3 years ago

5 0

Answer: Commerce links buyer and seller together to do business without physical contact. Commerce leads to the improvement of standard of living and quality of life of the people. Commerce facilitates mass production of goods and thus, people all over the world can enjoy goods and services within and outside their countries.

Explanation:

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On January 1, Lorain Corporation had 2,000 shares of $5 par common stock authorized and outstanding. These shares were originall

Dovator [93]

Answer:

Journal Entry

Explanation:

The Journal Entry is shown below:-

1. Treasury Stock $2,400 (100 Shares × $24)

To Cash $2,400

(Being treasury stock is recorded)

2. Cash Dr, $825 (25 shares × $33)

To Treasury Stock $600 (25 shares × Cost $24)

To Additional Paid in Capital-Treasury Stock $225

(Being the sale of acquired share is recorded)

3. Cash Dr, $550 (25 shares × $22)

Additional Paid in Capital-Treasury Stock Dr, $50

To Treasury Stock $600 (25 shares × Cost $24)

(Being the sale of acquired share is recorded)

4. Common Stock Dr, $250 (50 Shares × $5 par value)

Additional Paid in Capital-Treasury Stock Dr, $175 (225 - $50)

Retained Earnings Dr, $775

To Treasury Stock $1,200 ($2400 - $600 - $600)

(Being retired share is recorded)

6 0

4 years ago

A dividend is _____.

Paladinen [302]

Answer:

d. money a company shares with the stockholders

Explanation:

A dividend is money a company shares with the stockholders.

hope it helps:)

mark brainliest!

7 0

3 years ago

Read 2 more answers

According to the signaling theory of capital structure, firms first use common equity for their capital, then use debt if and on

julia-pushkina [17]

Answer:

False

Explanation:

This statement is false because firms are always known for the issuance of debts prior to new stock. This is because they find issuing debt is way cheaper. Because of the cheapness of issuing debt, this method is preferred to using common equity for their capital. The use of debt financing may not signal any message to managers that the future does not look good.

3 0

3 years ago

Read 2 more answers

Masters, Hardy, and Rowen are dissolving their partnership. Their partnership agreement allocates income and losses equally amon

sammy [17]

Answer:

a. Debit Masters, Capital $15,000; debit Hardy, Capital $15,000; credit Cash $30,000.

Explanation:

Given options:

a. Debit Masters, Capital $15,000; debit Hardy, Capital $15,000; credit Cash $30,000.

b. Debit Masters, Capital $14,000; debit Hardy, Capital $14,000; credit Cash $28,000.

c. Debit Masters, Capital $15,000; debit Hardy, Capital $15,000; credit Rowen, Capital $2,000; credit Cash $28,000.

d. Debit Cash $28,000; debit Rowen, Capital $2,000; credit Masters, Capital $15,000; credit Hardy, Capital $15,000.

e. Debit Masters, Capital $9,334; debit Hardy, Capital $9,333; debit Rowen, Capital $9,333; credit Cash $28,000.

The journal entry to record the final distribution is shown below:

Master capital Dr $15,000

Hardy capital Dr $15,000

To Cash $30,000

(Being the final distribution is recorded)

Here debited both capital as it reduced the stockholder equity also it decreased the assets

Hence, the correct option is a.

6 0

3 years ago

Visions designs, markets, and distributes audio and gaming headphones, earbuds, and speakers. Assume that last year Visions repo

mixer [17]

Answer:

Payable days

= Accounts payable/Cost of goods sold x 365 days

= $17 million/$135 million x 365 days

= 46 days

Explanation:

Payable days could be calculated as the ratio of accounts payable and cost of goods sold multiplied by number of days in a year. Accounts payable in the current year is $17 million and cost of goods sold amounted to $135 million.

5 0

3 years ago

Function of commerce​

Function of commerce