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Alika [10]
3 years ago
7

A zero-sum situation is a situation in which individuals are so linked together that there is a positive correlation between the

ir goal attainments.
a. True
b. False
Business
1 answer:
pashok25 [27]3 years ago
3 0
The answer is "false"
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Manning Company issued 10,000 shares of its $5 par value common stock having a fair value of $25 per share and 15,000 shares of
Setler79 [48]

Answer:

$240,909

Explanation:

Given:

Number of common stocks issued = 10,000

Value of common stock = $5

Fair value per share = $25

Number of shares of $15 par value = 15,000

preferred stock having a fair value of $20 per share = $530,000

Total market value of the stocks = 10,000 × $25 + 15,000 × 20 =  $550,000

Now,

The proceeds that would be allocated to the common stock will be

= \frac{\textup{Total fair value of common stocks}}{\textup{Total maket value of the stocks}}\times\textup{Preffered value of total stocks}

= \frac{10,000\times25}{550,000}\times530,000

= $240,909

4 0
2 years ago
Young Company budgets sales of $112,900,000, fixed costs of $25,000,000, and variable costs of $66,611,000. What is the contribu
quester [9]

Answer:

a. The contribution margin ratio will be 41%

b. The income from operations will be $12,420,000.

Explanation:

a. The sales are given at $112,900,000.

The fixed costs are $25,000,000.

The variable costs are $66,611,000.

The contribution margin will be

=Sales-variable costs

=$(112,900,000-66,611,000)

=$46,289,000

The contribution margin ratio will be

=(Contribution margin/sales)*100

=($46,289,000/ $112,900,000)*100

=41%

b. Now, if the contribution margin ratio is 40%.

The sales are given at $34,800,000.

The fixed costs are $1,500,000.

Income from operations or operating profit will be

=(sales*contribution margin ratio)-fixed cost

=$(34,800,000*0.4)-$1,500,000

=$12,420,000

7 0
3 years ago
"Dan Druff Shampoo has 1,000,000 shares of common stock authorized with a par of $1 per share, of which 500,000 shares are outst
hram777 [196]

Answer:

Debit : Dividends $50,000

Credit : Cash $50,000

Explanation:

Dividend calculation = 500,000 shares x $1 x 1/10 = $50,000

To record the dividend, the following entry is made :

Debit : Dividends $50,000

Credit : Cash $50,000

8 0
3 years ago
Imani is about 4 miles away from her office when her car gets a flat tire and she has to pull to the side of the road. she now s
bearhunter [10]
I'm pretty sure the answer is c problem solving
Merry Christmas!!
8 0
3 years ago
Yesterday, Berryman Investments was selling for $90 per share. Today, the company completed a 7-for-2 stock split. If the total
NeTakaya

Answer:

$26 per share

Explanation:

The computation of the today stock price is shown below:

= Selling price of per share ÷ (number of completed ÷ number of stock split)

= $90 ÷ (7 ÷ 2)

= $90 ÷ 3.5

= $26 per share

We first divide the number of completed with the number of stock split. The value come is divided to selling price per share so that the accurate price of the stock can come.

7 0
3 years ago
Read 2 more answers
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