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ad-work [718]
3 years ago
13

The corporate charter of Luney Corporation allows the issuance of a maximum of 100,000 shares of common stock. During its first

two years of operations, Luney sold 70,000 shares to shareholders and reacquired 7,000 of these shares. After these transactions, how many shares are authorized, issued, and outstanding? Luney Corporation is authorized to sell shares. Luney has shares issued. Luney has shares outstanding.
Business
1 answer:
kakasveta [241]3 years ago
7 0

Answer:

Luney Corporation is authorized to sell 100000 shares

luney has issued =  70000 shares

luney has shares outstanding 63000

Explanation:

given data

maximum shares of common stock = 100,000

sold shares =  70,000

reacquired = 7,000

solution

we know here 100000 shares are mention in charter of the company

so Luney Corporation is authorized to sell 100000 shares

and  luney has issued =  70000 shares

so here  

we know that

luney has shares outstanding  = 70000 - 7000

luney has shares outstanding 63000

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Bell Company, a manufacturer of audio systems, started its production in October 2017. For the preceding 3 years, Bell had been
LekaFEV [45]

Answer:

variable cost per unit 150 dollars

Explanation:

As we aren't provided with a volume. We calculate considering variable costying system which onyl count variable cost as cost of goods manufactured:

raw material                            $    75 per unit

labor 5 hours x 14 per hour = $    70 per unit

variable ovehread                   $     5 per unit

Variable cost per unit              $  150 per unit

the fixed overhead cost

5,110 + 3,730 + 1,550 + 6,600 + 8,760 = 25,750

will be considered cost of the period under variable costing

8 0
2 years ago
ClipClop Company sells horseshoes to customers at a discount of 4% if the customer orders more than 10,000 horseshoes in a year.
STALIN [3.7K]

Answer:

$7,680

Explanation:

The computation of the sales revenue in April month is shown  below:

= Sales revenue - discount

where,

Sales revenue = Number of horseshoes × price per shoe

                       = 4,000 horseshoes × $2

                       = $8,000

And, the discount equal to

= Sales revenue × discount percentage

= 8,000 horseshoes × 2%

= 3$20

Now put these values to the above formula

So, the value would be equal to

= $8,000 - $320

= $7,680

7 0
3 years ago
Article IV of the Constitution obligates states to give this to one another's citizens.
enyata [817]
C i think grrr

enneves
3 0
2 years ago
Computer professionals who are responsible for designing computers to be used within their companies are the
svetlana [45]

Computer professionals who are responsible for designing computers to be used within their companies are the  <u>"system analysts".</u>



A system analyst  is an information technology (IT) professional who has some expertise in analyzing, planning and executing data frameworks. Frameworks investigators survey the reasonableness of data frameworks as far as their proposed results and liaise with end clients, programming sellers and software engineers so as to accomplish these outcomes. A systems analyst is a man who utilizes examination and plan procedures to tackle business issues utilizing data innovation. systems analyst may fill in as change operators who recognize the hierarchical enhancements required, outline frameworks to actualize those progressions, and prepare and propel others to utilize the systems.

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3 years ago
A company's product sells at $12.26 per unit and has a $5.39 per unit variable cost. The company's total fixed costs are $96,700
Delvig [45]

Answer:

$6.87

Explanation:

Calculation for what The contribution margin per unit is:

Selling price per unit $12.26

LessVariable cost per unit ($5.39)

Contribution margin per unit $ 6.87

($12.26-$5.39)

Therefore The contribution margin per unit is: $6.87

7 0
3 years ago
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