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Ber [7]
3 years ago
9

Office Space, Inc. sold 30,000 shares of its no-par value common stock at a cash price of $10 per share. The entry to record thi

s transaction would be ________.
Multiple Choice.
A) Debit Cash for $30,000; credit Common Stock $30,000.
B) Debit Cash $30,000; credit Preferred Stock $30,000.
C) Debit Common Stock $300,000; credit Cash $300,000.
D) Debit Cash $300,000; credit Common Stock $300,000.
E) Debit Cash $300,000; credit Preferred Stock $300,000.
Business
1 answer:
Degger [83]3 years ago
6 0

Answer:

Option A.

Dr Cash                    $300,000

Cr Common stock              $300,000

Explanation:

The journal entry of the shares issue with no par value is recorded with the assumption that the only amount received is the par value of the shares that were issued. Which means here we don't have Paid In capital (Share Premium), so the entry would be:

Dr Cash                    $300,000  ....... (30,000 Shares at $10 per share)

Cr Common stock              $300,000

The correct option is A.

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Vernon is a cash basis taxpayer with a calendar tax year. on october 1, 2016, vernon entered into a lease to rent a building for
tester [92]

Answer:

$9,000

Explanation:

Vernon can only deduct the actual lease expenses incurred during 2016, and that is only three months: October, November and December.

= 3 months x $3,000 per month = $9,000

This logic applies to every expense that is paid in advance, you can only deduct payments that apply for the current tax year.

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3 years ago
With respect to the 4ps and marketing research which technique is out of place:_______
Over [174]

Answer:

d

Explanation:

The four P's of marketing are the foundation for which marketing stands on.

They include :

product - this is the good that is being marketed

price - what consumer pays for the good

place - this is where the good is being marketed

promotion - this are the various forms of advertising carried out for the good

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3 years ago
The businessman has to be concerned with who's buying this?what need am I satisfying agree or disagree or undecided
eduard

Answer:

agree 100% hope it helps

3 0
3 years ago
A diet is to contain at least 3640 mg vitamin C, 2190 mg Calcium, and 2170 calories every day. Two foods, a dairy-based meal and
vovangra [49]

Answer:

(A) 73 ounces of diary-based meal and 28.8 ounces of the vegan option.

(B) The minimum cost per day is [73 × 0.21] + [28.8 × 0.27] = 15.33 + 7.776 = $23.106

Explanation:

First thing to note is that the dairy-based meal costs less than the vegan option. In otherwords, if you're to minimize cost, you should purchase as many ounces of dairy-based meal as possible. This is the first mindset or step.

What the diet should contain everyday:

3640mg - Vitamin C

2190mg - Calcium

2170 - Calories

DAIRY BASED:

(40 × 91 = 3640), (30 × 73 = 2190), (10 × 217 = 2170)

VEGAN OPTION:

(60 × 60.67 = 3640), (30 × 73 = 2190), (50 × 43.4 = 2170)

Getting 73 ounces of dairy-based meal, you have

(40 × 73), (30 × 73), (10 × 73) = 2920mg, 2190mg, 730 calories.

You have left 720mg of Vitamin C and 1440 calories to obtain from the Vegan Option.

(60 × 12 = 720), (30 × 0 = 0), (50 × 28.8 = 1440)

The highest quantity needed here is 28.8 ounces of calories from the vegan option, hence 28.8 ounces of the vegan meal should be purchased. There will be excesses of Vitamin C and Calcium but that is necessary in order to purchase the stipulated minimum amount of each nutrient.

The minimum cost per day will now be [73 × 0.21] + [28.8 × 0.27] = 15.33 + 7.776 = $23.106

8 0
3 years ago
Jordan's mobile communications device company is conducting an industry analysis as it considers new strategies for its five-yea
Gelneren [198K]

Answer: Jordan's mobile communications device company is conducting an <em>industry analysis</em> as it considers <em>new strategies</em> for its five-year strategic plan. The analysis reveals that recent government deregulation has reduced the barriers to entry and <u>several start-ups are entering the industry.</u> The solution  that could be a part of the the plan to counteract is to acquire the company's biggest supplier, bringing the capability of manufacturing critical component parts into the business structure.

Explanation:  The <u>Strategic Plan</u><u> </u>of a company serves to establish the <em>objectives to be achieved and the methods</em> of action to achieve them .

It includes the meeting of the <em>team of directors</em> of the company and the ideas are written down so that the whole team finds out about the <em>strategy to follow </em>and the objectives, generally up to the following 5 years.

Some of the point to be clarify are for <em>example </em>:

  • Opportunities
  • Threats
  • Economy
  • Technology
  • Size of the market
  • Evolution of the market

Each company must see <u>the best option</u> in any case <u>to achieve </u>the goals that have been proposal on the strategic plan .

Is important to know the <em>kind of competitors and suppliers</em> that are in the market in order to face  the difficulties  on the most outstanding way that company has.  

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3 years ago
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