How to calculate Open-to-buy:
Open-to-buy = planned purchases - (orders received + merchandise ordered)
Planned purchases = $2,500
Received orders = $1,200
Ordered merchandise = $700
Open-to-buy = $2,500 - ($1,200 + $700)
Open-to-buy = $2,500 - $1,900
Open-to-buy = $600
Answer:
Jan. 22
Dr Cash $7,140,000
Cr Common Stock $6,300,000
Cr Paid in capital in excess of par $840,000
Feb. 27
Dr Cash $180,000
Cr Preferred Stock $135,000
Cr Paid-In Capital in Excess of Par-Preferred $45,000
Explanation:
Preparation of the entries for January 22 and February 27.
Jan. 22
Dr Cash $7,140,000
(210,000*$34)
Cr Common Stock $6,300,000
(210,000*$30)
Cr Paid in capital in excess of par $840,000
($7,140,000-$6,300,000)
Feb. 27
Dr Cash $180,000
(15,000*$12)
Cr Preferred Stock $135,000
(15,000*$9)
Cr Paid-In Capital in Excess of Par-Preferred $45,000
($180,000-$135,000)
A motive is a drive to do something.
Answer:
The answer is 4. licensing
Explanation:
Licensing is a agreement in which a business allows a foreign firm to produce its goods or services or use its brand or design or use it patent for a fee. It is a marketing strategy.
In this question, Sodima(a French company) produces Yoplait. Sodima allows General Mills(in United States) to sell its Yoplait in the United States for a fee.
It is known as licensing.
Answer:
Value of equity = 9,000 x $26.80 = $241,200
Value of debt issued = $39.932
Value of equity after debt repayment = $241,200 - $39,932
= $201,268
No of equity outstanding after debt repayment = <u>$201,268</u>
$26.80
= 7,510 shares
Explanation:
In this regard, there is need to determine the value of equity after debt repayment, which is value of equity minus value of debt repaid. Then,we will divide the value of equity after debt repayment by the value of equity per share. This gives the number of shares outstanding after debt repayment.
