To keep the team on schedule, you propose that members use a LOG so the project will be completed on time.
Answer:
$100,000
Explanation:
The common stock account would increase by the total value of the stated value of the shares issued and the difference between the issue price and stated value would increase the capital in excess of the par account
Increase in common stock account=10,000*$10
Increase in common stock account=$100,000
increase in paid-in capital in excess of par=($70-$10)*10,000
increase in paid-in capital in excess of par=$60*10,000
increase in paid-in capital in excess of par=$600,000
This is an example of WORD OF MOUTH PROMOTION.
The word of mouth promotion refers to the oral recommendation by satisfied customers to the prospective customers for a good or service. Word of mouth promotion is considered to be a very effective form of advertising.
Answer: b. The Rational Basis test
Explanation:
The Rational Basis test allows for a court of law to scrutinize a Government law or regulation to determine if it violates the principles of the Equal Protection clause which holds that people in a jurisdiction are entitled to equal protection under the laws of the jurisdiction.
The Rational Basis clause is usually applied to economic and business laws Instituted by a government and for this reason and the previously mentioned must be the standard that the court applied in finding out if Nordlinger was in the right.
<u>Given:</u>
Beginning Finished Goods
Cost of Goods Manufactured
Ending Finished Goods
Raw material purchases
<u>To find:</u>
Cost of Goods Sold
<u>Solution:</u>
The formula to calculate the cost of the goods sold for the manufacturing company is as follows,
Cost of Goods Sold = Beginning Finished Goods + Cost of Goods Manufactured - Ending Finished Goods
On substituting the values in the above formula we get,
Therefore, the cost of goods sold is $29300.
Here, we have ignored the purchase of raw materials cost because this amount will already be included in the cost of goods manufactured.
