Answer and Explanation:
The preparation of the stockholder equity of the balance sheet is presented below:
Shares issued $48,000,000
Add: Paid-In Capital in Excess of Par $6,400,000
Add: Paid in Capital from Sale of Treasury Stock $4,500,000
Add: Retained Earnings $63,680,000
Less: Treasury Stock, 40,000 shares -$5,200,000
Total stockholders' equity $117,380,000
Answer:
The correct answer is the option C: an agreement among firms to charge the same price or otherwise not to compete.
Explanation:
To begin with, the name of <em>"collusion" </em>refers to an economy concept that focus on the situation where two or more companies decide to work together ilegally by taking a same strategy such as pricing the goods with a same amount so in that order the limit or at least intent to restrict the competion so in that way those firms can keep a piece of the market for themselves. It is consider ilegally in the countries because it is an disadvantage for the competition.
Answer: Option A
Explanation: In simple words, Scalar principle refers to the rule under which a subordinate is obligated to report his or her actions to the immediate supervisor and not the higher management.
In the given case, Turner asked from his superior to take lunch break early which in turn resulted in the perception that it is allowed in the organisation. Therefore, turner gave authority to his subordinates and other co workers the of the department to do the same also.
Hence from the above we can conclude that the correct option is A.
Answer:
$73,500
Explanation:
Income tax payable = Book income before income tax*Tax rate
Income tax payable = $350,000*21%
Income tax payable = $73,500
Therefore, the amount of income tax payable that Smith should report in its December 31, 20X1, balance sheet is $73,500
Answer:
C) are independent of volume and product mix.
Explanation:
This is true because marketing, sales, distribution and administrative expenses are generally mixed costs. That means that they are part variable and part fixed.
For example, most salespeople's salary consists of a small fixed amount and a percent per total sales made.
Distribution costs also vary because generally when you purchase a truck, the largest cost is the truck itself, and the driver also gets paid on a monthly basis, insurance, etc., but other costs like fuel and maintenance costs vary depending on how much the trucks are driven, so they depend on the volume distributed.
Administrative expenses are also mostly fixed, but they might include bonuses for good performance which depend on total sales, and other expenses that might increase when total sales increase.
Finally marketing expenses are generally determined as a percentage of the expected sales revenue generated by the products. There are several ways to determine marketing expenses, but they all are based on a fixed amount (e.g. cost of producing an advertisement) and variable factors like market share or sales growth. E.g. you will advertise more intensively in the areas where your product sells better.
