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vova2212 [387]
3 years ago
7

N December 2, Coley Corp. acquired 1,700 shares of its $2 par value common stock for $21 each. On December 20, Coley Corp. resol

d 1,300 shares for $12 each. Which of the following is correct regarding the journal entry for the resold shares?
Credit Additional Paid-in Capital $7,000

Credit Treasury Stock $20,000

Debit Cash $15,400

Credit Treasury Stock $11,000
Business
1 answer:
erma4kov [3.2K]3 years ago
6 0

Answer:

Credit Treasury Stock $20,000

Explanation:

When the company reissued the shares, the Treasury Stock account is credited by the same price they were acquire. i.e. in this case we acquire the treasury stock at a price of $20.

Cash (1,000 * 12)                                    12,000

Additional Paid in Capital                        8,000

                         Treasury Stock (1,000 * 20)               20,000

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Compare the pros and cons of the internal and external recruitment of human resources.
Andrei [34K]

Advantages:

<span>Current employees already know the rules, regulations and culture of the organisation.Employees have understanding of how the organisation operates and do not need an induction programme.The organisation knows employees and have detailed records from previous supervisorsOffering opportunities to internal employees may boost the morale of the staff members.Allowing employees to move vertically and horizontally within the organisation could reduce the possibility of her looking for another job.A positive image is created in the organisation</span>

Disadvantages:

<span>No new or fresh ideas are brought into the organisationThe job advertised may require skills not currently available within the organisationPromotion of an internal employee could cause resentment amongst other employees, who may feel they deserve the post more than the promoted employee.The number of applicants from which to choose may be too high or limited.It is possible to promote less qualified employees than those from outside of the organisation, in order to comply with the internal recruitment policy or the Employment Equity Act.Most internal applicants have been stagnant in their posts for so long and will not positively contribute any new ideas.Harden negative attitudes of internal employees cannot be changed by promotion.Lazy employees cannot suddenly change into ‘star’ employees because they have been promoted.<span>Contagious negative habits and behaviour by one negative employee can easily be passed on to other divisions.
</span></span>
5 0
3 years ago
Caroline, the store manager at a jewelry store, conducts statewide market research and collects data on customer preferences tow
lbvjy [14]

Answer: Option c and d

                         

Explanation: In simple words, prescriptive role refers to the role under which the manager identifies what should be done rather than stating what is done. In other words, under thus role the manager specifies duties and tasks that should be performed to achieve the objectives.

In the given case, Caroline is researching and recommending the actions that should be taken for maximizing the profit.

Hence from the above we can conclude that Caroline is performing prescriptive role.

6 0
3 years ago
Shiffon Electronics manufactures music player. Its costing system uses two cost categories, direct materials and conversion cost
sattari [20]

Answer:

$932 per unit

Explanation:

The computation of direct materials cost per equivalent unit is shown below:-

Work in process ending 100% complete in material = 840 + 290

= 1,130

Total cost = Direct material + Direct materials costs added during March

= $346,000 + $707,500

= $1,053,500

Material Equivalent unit cost = Total cost ÷ Units to account for

= $1,053,500 ÷ 1,130

= $932 per unit

7 0
3 years ago
Suppose a firm’s total revenue is $100 when it sells 10 units, and $110 when it sells 11 units. The firm, therefore, is a(n):
Andru [333]

Answer:

perfect competitor

Explanation:

Given:

Firm's total revenue when 10 units are sold = $100

Firm's total revenue when 11 units are sold = $110

Average Revenue = \frac{\textup{Total revenue}}{\textup{Total units sold}}

or

Average Revenue = \frac{100}{10} = $10

and,

the marginal revenue = $110 - $100 = $10

Since,

the average revenue and the marginal revenue for the firm is equal,

therefore, the is a perfect competitor

3 0
3 years ago
Which of the following is described as an event that a company hosts to thank its loyal​ customers?
Jobisdone [24]
<h2>Answer:</h2><h2>Option C: Brandfest</h2><h2>Brandfest is described as an event that a company hosts to than its loyal customers.</h2>

Explanation:

Brandfest is the most important way to thank its loyal customer and bring more business by sustaining the brand name.

Entrepreneur: He is the person who sets up the business.

Crowdsourcing: Obtaining information from a large number of people.

Value proposition: This is an attractive way in marketing to impress and bring more business

Folksonomy: This is to segregate items online according to the category. This is done with the help of tagging an item.

7 0
3 years ago
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