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zhannawk [14.2K]
3 years ago
7

Western Wear Clothing issues 1,600 shares of its $0.01 par value common stock to provide funds for further expansion. Assuming t

he issue price is $13 per share, record the issuance of common stock.
Business
1 answer:
Kaylis [27]3 years ago
7 0

Answer:

Journal Entry

Explanation:

The Journal Entry is shown below:-

Cash Dr, (1,600 shares × $13 per share) $ 20,800

          To Common Stock (1,600 shares × $ 0.01 par) $16

         To Additional Paid in Capital in excess of par-Common Stock $20,784

(Being Issuance of common stock is recorded)

Therefore for recording the issuance of common stock we debited cash and credited common stock and additional Paid in Capital in excess of par common stock

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Marks & spencer implemented _______ to track its inventory more effectively.
Verizon [17]
<span>The business implemented RFID as a way of tracking inventory. Using radio frequency made it easier to track and store inventory without running the risk of over- or under-ordering their products. This makes sure that the inventory is properly tagged and that the turnover rates on the products are properly logged. It also makes sure that the products do get turned over, instead of being left to waste in the stockroom due to errors on the part of the stock crew.</span>
5 0
3 years ago
H&amp;R Block launched a $100 million marketing campaign to parlay the company's intimate knowledge of 20 million customers' fin
Stells [14]

Answer:

reposition

Explanation:

Reposition -

It is the method by which the status of the brand is changed in comparison to that of the other competing brands , is knows as the process of  reposition .

This process is affected by the changes occurring in the marketing mix against the change in the market , or it could be any reason which disables the objective of the brand's market .

hence , from the question , the correct term for the given information is reposition .

7 0
3 years ago
During the current year, Lyle Co. incurred $204,000 of research and development costs in its laboratory to develop a patent that
valentina_108 [34]

Answer:

It will capitalize 245,000 to recognize the patent intangible asset

Explanation:

It will capitalize the entire research adn development cost as well as the fees and registration cost as are part of the incurred cost needed to obtain the patent

Therefore: 204,000 + 41,000 = 245,000

8 0
3 years ago
Read 2 more answers
Economic growth in the country of Southville has slowed down in the last few months. Following a collapse in housing​ prices, se
skad [1K]

Complete Question:

A. According to census data, the percentage of Southville's population that lives in rural areas has gradually been shrinking.

B. The standards for obtaining a mortgage loan in Southville have been more stringent compared to many other countries.

C. Prior to the crisis, the prices of existing homes also increased in proportion to the prices of new homes in Southville.

D. A large proportion of home buyers in Southville were individuals who already owned one or more houses.

E. The inflation-adjusted real wage in the construction industry increased by 10 percent prior to the crisis.

Answer and Explanation:

Options A and D would weaken Bob's argument. The reason why option A would weaken Bob's argument would be because Bob said that the population is increasing whereas the according to the census data, the population has gradually been shrinking.

The reason for option D is that the individuals who already owned houses were buying new houses. So what was the need for them to buy additional new houses?

4 0
3 years ago
Short Corp. reported net income of $63,000 for the year and had a tax rate of 30%. Net sales were $300,000 and Operating expense
Mekhanik [1.2K]

Answer:

Cost of goods sold  : $ 120.000

Explanation:

income before taxes   : 63000 / 0.7 = 90000  

(+) expenses                                          90.000

Total                                                      180.000

(-) net sales                                         300.000

= cost of goods                                   120.000

7 0
3 years ago
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