Answer:
Paid in capital excess of par is $$309,000
Explanation:
<u>Journal Entries</u>
Debt: Legal services (4,100 hours × $100 per hour) = $410,000
Credit: Common stock (101,000 shares × $1 par) = $101,000
Credit: Paid-in capital - excess of par (Remainder) = $309,000
To record the 101,000 shares compensated by 4,100 legal hours with $1 par value)
In the above transaction common stock issued in excess of par for legal services as compensation instead cash. Hence "legal services" have been debited as issuing company benefited for legal services. "Common stock" and "paid in capital in excess of par" has been credited as this issuing company issuing common stock.
Paid in capital excess of par is $$309,000
<span>I think suppliers have moved close to the headquarters in order to save costs. When suppliers set up office far from their customer, there are additional costs to it like transportation fees for both goods and manpower. Getting rid of one aspect of their production costs can help suppliers maximise profits.</span>
Answer:
A. investors who see growth of a company but invest using other people’s money
Explanation:
A venture capitalist is an employees of a venture capital firm . These capitalists are private equity investors who provide capital to business startups and small businesses using other people's money held in a fund. Even though these businesses have the potential for exponential growth, they usually have a high risk. Additionally, if the startup goes under, they are not obligated to pay back these venture capitalists.
Answer: 5.54%
Explanation:
The margin of safety as a percent of sales will be calculated as:
= (Expected sales - Break even sales) / Expected sales
= ($352000 - $332500) / $352000
= $19500 / $352000
= 0.0554
= 5.54%
