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Kisachek [45]
3 years ago
6

Sanderson Sofas, a family-owned corporation, issued 6.75% bonds with a face amount of $12 million, together with 2 million share

s of its $1 par value common stock, for a combined cash amount of $22 million. The market value of Sanderson's stock cannot be determined. The bonds would have sold for $9 million if issued separately. Sanderson should record for paid-in capital - excess of par on the transaction in the amount of:
Business
1 answer:
goldfiish [28.3K]3 years ago
7 0

Answer:

$11 million

Explanation:

The computation of the  paid-in capital - excess of par is shown below:

= Combined cash amount - sale value of the bond - share value amount

= $22 million - $9 million - $2 million

= $11 million

The share value amount is computed below:

= 2 million shares × $1

= $2 million

This $11 million would record in the paid-in capital - excess of par.

Since we have to determine this amount so we deducted the sale value and the share value amount from the combined cash amount so that accurate value can come.

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Carlos recognizes that if he visits his aunt on Saturday, he'll miss his brother's football game. The economic principle best em
mr Goodwill [35]

Answer: Opportunity cost

Explanation:

The economic principle best embodied by this story is the opportunity cost. Opportunity cost is the cost of what one forgoes when one takes an alternative decision.

In this case, the opportunity cost of him visiting his aunt will be the lost opportunity which he could have used to watch his brother play.

3 0
3 years ago
Cash outflows for McKinney Publishing in 2020 included:________. $347,000 in salaries to authors. $180,000 in fees to contracted
Marat540 [252]

Answer: $527,000

Explanation:

Salaries to authors = $347,000

Fees to contracted editors = $180,000

Copyrights obtained = $83,000

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McKinney Enterprises expense will be:

= Salaries to authors + Fees to contracted editors

= $347,000 + $180,000

= $527,000

4 0
2 years ago
According to Franks and Smallwood (2013), information has not become the lifeblood of every organization, and that an increasing
miskamm [114]

Answer:

B. False.

Explanation:

The above statement is false in that it asserts that information has not become the lifeblood of every organization. While it's true that an increasing volume of information today has increased and exchanged through the social networks and web2.0 tools like blogs, microblogs and wikisa, this further lends credence to the indispensability of information in this contemporary times.

In contrast, what Frank and Smallwood(2013) preached was that information has now become a lifeblood of every organization. This is an undisputed reality in their study and intellectual intervention. Thus, they went on give a demographic distribution of information through the use of social networks and/or web2.0 tools like blogs, microblogs, and wikisa.

6 0
3 years ago
A firm is productively efficient when:__________.
inna [77]

Answer:

Its is A

Explanation:

7 0
3 years ago
Click this link to view O*NET's Education section for Construction Managers. According to O*NET, what is the most
MrMuchimi

Answer:

bachelors degree

Explanation:

just answered this on my test and got correct.

5 0
2 years ago
Read 2 more answers
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