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Verizon [17]
3 years ago
14

_____________uses the cloud platform to enable organizations not only to unite around business processes but to gather cloud dat

a across supplier networks and supply chains to drive greater efficiency in manufacturing projects; this type of is attracting small to midsize businesses that can’t afford traditional large ERP implementations.
Business
1 answer:
kupik [55]3 years ago
4 0

Answer:

SaaS ERP

Explanation:

ERP solutions are created to ensure one single source of data truth. With the help of SaaS-based solutions, this function comes to another level by expanding the ERP ecosystem out to mobile devices using modern interfaces that fuel productivity.

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The stockholders’ equity accounts of Indigo Corporation on January 1, 2017, were as follows.
Lubov Fominskaja [6]

Answer:

Indigo Corporation

Journal Entries:

Feb. 1:

Debit Cash Account with $60,000

Credit Common Stock with $40,000

Credit Additional Paid-in Capital with $20,000

To record the issue of 10,000 shares of common stock, par $4 at $6 each.

March 20:

Debit Treasury Stock with $8,000

Debit Additional Paid-in Capital with $6,000

Credit Cash Account with $14,000

To record the repurchase of 2,000 shares of treasury stock at $7 each.

October 1:

Debit Dividends - Preferred Stock with $35,000

Credit Dividends Payable with $35,000

To record preferred stock dividends declared.

November 1:

Debit Dividends Payable with $35,000

Credit Cash Account with $35,000

To record cash payment of dividends.

December 1:

Debit Dividends - Common Stock with $249,000

Credit Dividends Payable with $249,000

To record $0.50 per share common stock dividend.

December 31:

Debit Dividends Payable with $249,000

Credit Cash Account with $249,000

To record payment of dividend.

Debit Net Income with $550,000

Credit Retained Earnings with $550,000

To record the transfer of net income to Retained Earnings.

Explanation:

a) Whereas $60,000 cash was received for the issue, only $40,000 (10,000 x $4) is credited to Common Stock.  The additional of $20,000 is credited to Additional Paid-in Capital.  This shows that the shares were issued above their par value.

b) When 2,000 shares of treasury stock were reacquired at a total cost of $7 per share, the Treasury Stock account is debited with the par value of $4 per share ($8,000).  The above par value difference is taken to the Additional Paid-in Capital account as a debit.

c) Dividends on preferred stock was prorated for 10 months, from January to October.  This is because the percentage dividend is for a year.

d) Dividends on common stock would not be prorated since they are based on annual percentages like preferred stock.  Dividends on the common stock is, therefore, calculable on the outstanding balance.  

e) Treasury Stock is a contra account to the Common Stock as it reduces the balance of common stock outstanding.  The outstanding balance of Treasury Stock increased to 12,000 (10,000 + 2,000).

f) Outstanding common stock reduced from 500,000 shares to 498,000 (500,000 + 10,000 - 12,000).  The additional 10,000 represented the new issue and the 12,000 represented the Treasury Stock.

5 0
3 years ago
Westmoreland Corporation prepared its statement of cash flows for the year. The following information is taken from that stateme
vitfil [10]

Answer:

Cash Balance at the beginning of the year = $4,600

Explanation:

Opening Cash Balance = Closing Cash Balance - Net Increase (Decrease) in Cash

Opening Cash Balance = $18,100 - $13,500 = $4,600

5 0
3 years ago
Suppose that Eleanor receives higher pay at her workplace than her colleagues do, even though they perform essentially the same
Scrat [10]

Answer:

The answers are letters D and E

Explanation:

The effort and the human capital can explain this wage disparity.

5 0
3 years ago
Read 2 more answers
Which conclusion is accurately reflected in the data table? (5 points)
Anna11 [10]

Answer:

As your level of education increases, your income potential also increases.

Explanation:

As per the graph, the highest earners are holders of a doctoral degree, professional degrees, and master degrees. These are highly educated individuals.

At the bottom end, the lowest earners are those with high school diplomas and below.

The graphs clearly illustrate that acquiring a high level of education increases the probability of increased earning.

6 0
3 years ago
You need to know more than just facts in order to use critical thinking skills.
Leokris [45]

the answer to this is true

5 0
3 years ago
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