Answer:
$78,199
Explanation:
If the market price of common stock is $165 per stock, then selling 500 common stocks should = $82,500
If the market price of preferred stock is $230 per preferred stock, then selling 100 preferred stocks should = $23,000
If we add both we would get $105,500. If we want to allocate the proceeds proportionally according to their market prices:
common stocks = ($82,500 / $105,500) x $100,000 = $78,199
preferred stocks = ($23,000 / $105,500) x $100,000 = $21,801
the journal entries should be:
- Dr Cash account 78,199
- Cr Common Stock account 5,000
- Cr Capital Paid-in Excess of Par Value (Common Stock) account 73,199
- Dr Cash account 21,801
- Cr Common Stock account 10,000
- Cr Capital Paid-in Excess of Par Value (Preferred Stock) account 11,801
Answer:
The correct answer is Enterprise resource planning system
Explanation:
Enterprise resource planning system is a system that makes the planning of the company resources. It is mainly used for daily business activities like accounting, operations related to the supply chain, procurement, etc
As per the given question, the system that deal with the fluctuations of the currency exchange rates that created an extra problem so this represents the enterprise resource plannning
The Competition Act of 1998 has reduced the formation of monopolies in South Africa by achieving the following objectives.
<h3>What is the role of the South African Competition Act?</h3>
The South African Competition Act aims to:
- Promote and maintain competition in South Africa.
- Promote the efficiency, adaptability, and development of the economy.
- Provide consumers with competitive prices, higher quality goods and services, product and service varieties, and increased innovation.
Thus, the Competition Act of 1998 has reduced the formation of monopolies in South Africa by achieving the following objectives.
Learn more about monopolies at brainly.com/question/13113415
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Answer:
BARTER INCOME AND CHILD SUPPORT
Answer:
Labor turnover, also known as staffing turnover, refers to the ratio of a number of employees who leave a company through attrition, dismissal or resignation to the total number of employees on the payroll in that period. It's used for measuring employee retention.
Explanation:
