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Crazy boy [7]
3 years ago
12

Economics is hard and I need to graduate ​

Business
1 answer:
AfilCa [17]3 years ago
6 0
Answer: Opportunity cost
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Help pleaseee!
Alika [10]

Answer:

B-reserved requirements

Explanation:

5 0
3 years ago
Read 2 more answers
McDonald’s pressed on with the strategic plan of offering all-day breakfast in spite of initial struggles because strategic deci
Elenna [48]

Answer: True

Explanation:

Strategic decisions do indeed take long-term commitment because they are meant to help the company in the long term not the short.

Strategic decisions usually set goals and achieve results in the long term. They are not expected to yield results in the short terms which is why MacDonald's pressed on with the all-day breakfast despite initial challenges.

7 0
2 years ago
A company resells 10,000 shares of treasury stock for $22 per share. The stock was purchased in a previous year for $18 per shar
lys-0071 [83]

Answer:

$0, income statement s not affected.

Explanation:

The purchase and resale of treasury stock does not affect the income statement. When a company's treasury stock is resold, additional paid-in capital increases (if the stock were sold at a price above cost) or decreases (if the stock were sold at a price below cost).

5 0
2 years ago
Grum Corp., a publicly owned corporation, is subject to the requirements for segment reporting.
Orlov [11]

Answer:

Option (d) $5,000,000

Explanation:

Data provided in the question:

Reported revenues = $50,000,000

Operating expenses = $47,000,000

Net income = $3,000,000

Payroll costs included in the operating expenses = $15,000,000

Combined identifiable assets of all industry segments = $40,000,000

Now,

If the revenue derived from sales to any single customer is 10% or more of the revenue of an enterprise then the amount of revenue from each customer shall be disclosed.

Therefore,

Grum should disclose major customer data if

sales to any single customer amount at least = 10% of Reported revenues

= 10% of $50,000,000

= $5,000,000

Option (d) $5,000,000

7 0
3 years ago
In 2018, preferred shareholders elected to convert 4.58 million shares of preferred stock ($39 million book value) into common s
In-s [12.5K]

Answer:

The answer is given below;

Explanation:

Preferred Stock   Dr.$39,000,000

Common Stock    Cr.$33,000,000

Paid in capital in excess of par-Common stock  (39,000,000-33,000,000)        Cr.$6,000,000  

As the book value of preferred stock is greater than the price paid at the time of conversion into common stock,therefore excess amount is paid in capital in excess of par for common stocks.As the preferred stock is reduced by their book value,therefore it is debited and common stock is credited with its cost.  

5 0
3 years ago
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