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2 years ago

Industrialist who established standard oil

1 answer:

7 0

That would be John D. Rockefeller who gained control over the oil market by buying up small companies and sell oil at a significantly lower price to force his competitors to sell to him and them when he had majority control over the oil market he them just muscled the remaining out of business and then jack up the price on his oil to rake in huge profits.

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On July 28, Vent Corp. sold $500,000 of 4%, eight-year subordinated debentures for $450,000. The purchasers were issued 2,000 d

KengaRu [80]

Answer: Vent should record $70,000

Explanation:

The requirement is to determine the amount of discount on the debentures that Vent should record at issuance.

ASC Topic 470 states that the proceeds from the issuance of debt with detachable stock warrants should be allocated between the bonds and the warrants based upon their relative fair values at the time of issuance.

In this case, the fair value of the bonds is not known, but the fair value of the warrants is $10 per warrant. Thus, the total fair value of the warrants is $20,000 ($10 × 2,000 warrants). The fair value of the debentures can be estimated to be $430,000 ($450,000 total proceeds – $20,000 fair value of warrants). The face value of the bonds $500,000 less the fair value of the bonds of $430,000 equals the bond discount of $70,000.

6 0

3 years ago

_______ is a great way to broaden or narrow your search.

natulia [17]

D asking your instructor to assign you a topic

5 0

3 years ago

Read 2 more answers

Explain why newspapers advertising is not effective on illiterates

SCORPION-xisa [38]

Answer:

cause how are illiterate people gonna read the newspaper? therefore: newspapers=not for people who can't read

3 0

2 years ago

Wichasha, an african country, exports barley and cotton worth $100 million to illema, a european country, and it imports sugarca

max2010maxim [7]

Answer: Balance of Trade

Explanation:

Balance of trade is the difference between the value of exports from a country and the value of imports into the country. When the value of exports is greater than imports, the balance of trade is positive and the country has a trade surplus. While, when the value of exports is less than the value of imports, the balance of trade is negative and the country has a trade deficit.

In this case, Wichasha's exports is higher than the total value of its imports so, it has a trade surplus or positive balance of trade.

7 0

3 years ago

The centralized computer technology department of Hardy Company has expenses of $320,000. The department has provided a total of

goblinko [34]

Answer:

Retail Division = $480,000

Commercial Division = $125,000

Explanation:

Divisional income from operations for the Retail Division and the Commercial Division

Retail Division Commercial Division

Sales $2,150,000 $1,200,000

Cost of goods sold ($1,300,000) ($800,000)

Controllable Contribution $850,000 $400,000

Less Expenses

Selling expenses ($150,000) ($175,000)

Allocated Central Costs ($220,000) ($100,000)

Net Income before tax $480,000 $125,000

Calculations :

Allocation of Central Costs :

Retail Division (2,750/ 4,000 × $320,000) = $220,000

Retail Division (1,250/ 4,000 × $320,000) = $100,000

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3 years ago