Answer: The journal entry a company uses to record the issuance of a note for the purpose of converting an existing account payable would be debit Accounts Payable; credit Notes Payable.
Explanation:
Answer:
the labor demand curve is downsloping is the correct option is
Labor unions are restrained in their wage demands because the labor demand curve is downsloping
Answer:
1. After the split, how many shares of common stock are outstanding and what is their par value per share?
40,000 stocks outstanding x 2 = 80,000 stocks outstanding after the stock split
par value of each stock = $2 / 2 = $1
Aren't both questions the same?
2. After the split, the number of shares outstanding is <u>80,000</u> and the par value per share is <u>$1</u>.
Explanation:
When a stock split happens, the total number of outstanding stock is just multiplied by the stock split factor, in this case it was 2, but other times it might be 4 or 7 (like Apple stock). You just multiply total outstanding stock by the split number. On the other hand, par value is calculated by dividing the current par value by the split number.
<span>An employee is in a BOND when a company purchases an insurance policy against losses from theft by that employee.
Every business owners are advised to bond their employees under Employee Theft Bond upon hiring. This is to protect their businesses from employee theft and avoid possible bankruptcy. Despite rigorous filtering of new hires, there is still a big possibility that employees will steal from the company especially if company transactions are mostly done in cash to cash basis. </span>
Answer:
102.47 and 20
Explanation:
What is economic order quantity?
EOQ or the economic order quantity is the level of inventory which is the most optimal level for reducing inventory costs. It assumes that the supplier will supply as and when required and follows a just in time policy.
Now that we are familiar with the concept, let's recall the formula:
EOQ= SQRT( 2* D *k /h)
D - Annual demand, which is 700
k - Replenishment cost, which is $15
h - holding cost, which is 10% of inventory value = 0.1 × $20 = $2
So, EOQ = SQRT(2 * 700 * 15/2) = 102.47 units
Reorder point = daily demand * lead time + safety stock = 700/365*5+10=20 Units
