Answer:
$2,538,000
Explanation:
Paid in capital in excess of par-common stocks= $102*94,000-94000*3*25=$2,538,000
The preference shares were valued at $102*94,000 less the amount of common stocks issued at par (94,000*3*25) for conversion of preference stocks to common stocks will give paid in capital in excess of par for common stocks.
The excess amount is also called share premium paid.
Answer:
The net income for Niler Corporation for the current year is $30,900.
Explanation:
When there is a discontinued operation, the income from the discontinued operation is added to the income from continuing operations while the loss on disposal of the same operation is added to obtain the net income for the company. This can be done as follows for this question:
Niler Corporation
Partial Income Statement
<u>Details $ </u>
Income from continuing operations 35,000
income from operations of discontinued Line C 8,400
Loss on disposal of Line C <u> (12,500) </u>
Net income <u> 30,900 </u>
Therefore, the net income for Niler Corporation for the current year is $30,900.
The fixed cost is $15000
<u>Explanation:</u>
Given:
Break even point = 3000 units
Each unit = $5 → (Price - variable cost = $5)
Fixed cost, x = ?
We know,
Break even point = fixed cost / (Price - Variable cost)
On substituting the values:
Thus, the fixed cost is $15000
Answer: Strategic Analysis.
Explanation: Strategic analysis is the process that firms use to study and understand the many different aspects of their competitive environment. This analysis involves the process that focus on researching an organization’s business environment within which it operates. It is an essential tool in formulating strategic planning for decision making and smooth working of the business organization.
Strategic analysis refers to the process of conducting research on a company and its operating environment within which its operates to formulate a strategy. Strategic analysis helps define a strategy that will help stand out from the competitors and to also remain competitive. Another important function of strategic analysis is the prediction of future events and the planning of an alternative approach if the first fail to deliver.
Answer: A. Allen is in violation of the Standard relating to record retention.
Explanation:
The option that's most likely true is that Allen is in violation of the Standard relating to record retention.
It should be noted that records retention has to do with the safeguarding of important records in the organization.
Since he reconstructed a few research reports on companies that he covered during his former employment after starting his own research, he violated the standard relating to record retention
