Answer: Williamson Journal $
Date. Description. Dr. Cr
Cash Dr. 2,500,000
Issued share Cr. 100,000
Share premium Cr 2,400,000
Narration. Sales of 50,000 share of $2 nominal value at $52.
Share premium Dr 100,000
Issued share Dr Dr 4000
Cash. Cr. 104,000
Narration . Repurchase of issued share of $2 nominal value at $52.
Balance Sheet. ,$
Authorised Share
80,000 ordinary share
at $2 each 160,000
Issued share capital
48,000 ordinary share at
$2 each. 96,000
Share premium. 2,300,000
Explanation:
The share stated in the charter is authorised share capital which is the maximum a company can issue out, though it's allowed to issue out less than the authorised share capital, whatever amount it issued out it's called issued share capital.
A share is said to be issued at a premium when the issued value as for this example $50 is greater than the nominal value of $2 or at a discount if the issued price is less than the nominal or authorised value.
A firm can equally repurchase it's shares at an equal, higher or lower value to the share authorised value and this gives no effect, higher and lower effect respectively to the share premium balance.
Answer:
c. All of these are correct
Explanation:
Marketing research refers to assembling, analyzing and processing information, which is used to determine and create the marketing strategies a firm shall follow.
Marketing research refers to analyzing such data which helps a business to create define applicable marketing strategies in a given scenario.
A firm may carry out it's own marketing research or outsource the same function to marketing research companies or advertising agencies.
Hence all three, Marketing research companies, Advertising agencies and companies that produce or sell goods may conduct marketing research.
Answer:
$310,000
Explanation:
Direct costs are all the costs which is directly traceable to the product. These are the costs which can be assigned specifically to a product / project / department.
Direct Material = $180,000
Direct Labor = $130,000
Total Direct Cost = $180,000 + $130,000 = $310,000
$310,000 should be traced to specific products in the process.
Answer:
Entrepreneur
Explanation:
The characteristics explained in the questions show the core values that must be possessed by an entrepreneur. An entrepreneur looks for gold in the dirt. He tends to look at the present market conditions, evaluate the needs of an emerging market and does his home work by performing a SWOT analysis to see if his decision to serve this market would be of benefit to him.
SWOT stands for strength, weakness, opportunities and threat.