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3 years ago

PLZ help

Business

1 answer:

Aleksandr [31]3 years ago

7 0

Answer:

Resources are limited.

Production requires resources.

Everyone wants or needs goods.

Explanation:

Different regions provide different resources that people can use for their business. People in that region need to understand the type of resources that are available for them and produce the goods that can be sustained by the available resource.

This scarcity means that acquiring resources require a certain amount of capital. Since people do not unlimited capital, they have to be picky with their consumption/production to ensure the ones with highest priority are fulfilled first.

On top of that, everyone wants or needs goods. Meaning that in order to obtain a certain resources, people will have to face competition. As the competition become more fierce, the sacrifice that is needed to obtain a certain product is increased. This is also why they have to watch out which product they should choose to consume.

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Dave Matthew Inc. issues 500 shares of $10 par value common stock and 100 shares of $100 par value preferred stock for a lump su

Sedaia [141]

Answer:

$78,199

Explanation:

If the market price of common stock is $165 per stock, then selling 500 common stocks should = $82,500

If the market price of preferred stock is $230 per preferred stock, then selling 100 preferred stocks should = $23,000

If we add both we would get $105,500. If we want to allocate the proceeds proportionally according to their market prices:

common stocks = ($82,500 / $105,500) x $100,000 = $78,199

preferred stocks = ($23,000 / $105,500) x $100,000 = $21,801

the journal entries should be:

Dr Cash account 78,199
Cr Common Stock account 5,000
Cr Capital Paid-in Excess of Par Value (Common Stock) account 73,199

Dr Cash account 21,801
Cr Common Stock account 10,000
Cr Capital Paid-in Excess of Par Value (Preferred Stock) account 11,801

3 0

4 years ago

7. Why might some construction workers be paid more than some teachers?

DENIUS [597]

Answer:

hazard pay

Explanation:

in the working field if your job is considered dangerous you get hazard pay for "potentially risking your life" while as ateacher there is not a similar threat.

hope this helped!!

4 0

3 years ago

For how long should a certified personal trainer maintain accurate contract and appointment records?

Ann [662]

Correct/Complete question: For how long should a certified personal trainer maintain accurate contract and appointment records?

a. 3 years

b. 4 years

c. 2 years

d. 1 year

Answer:

4 years

Explanation:

A certified personal trainer is expected to maintain accurate record of contracts and appointment for at least 4 years before discarding them so as to be able to use them for future assessment or reference purposes. These records are kept in both soft and hard copies. the hard copies can be recycled after 4yeasr at least while the soft copies are kept in a database which can last for almost forever.

Cheers

5 0

3 years ago

Liang Company began operations on January 1, 2017. During its first two years, the company completed a number of transactions in

amm1812

Answer:

journal entries for 2017:

Dr Accounts receivable 1,347,100

Cr Sales revenue 1,347,100

Dr Cost of goods sold 983,600

Cr Merchandise inventory 983,600

Dr Bad debt expense 21,100

Cr Accounts receivable 21,100

Dr Cash 667,400

Cr Accounts receivable 667,400

Dr Bad debt expense 16,465

Cr Allowance for doubtful accounts 16,465

Ending balance of accounts receivable = $658,600

Ending balance of allowance for doubtful accounts = $16,465

Bad debt expense for the year = $37,565

journal entries for 2018:

Dr Accounts receivable 1,501,200

Cr Sales revenue 1,501,200

Dr Cost of goods sold 1,291,000

Cr Merchandise inventory 1,291,000

Dr Allowance for doubtful accounts 28,100

Cr Accounts receivable 28,100

Dr Cash 1,282,100

Cr Accounts receivable 1,282,100

Dr Bad debt expense (= 21,240 + 11,635) 32,875

Cr Allowance for doubtful accounts 32,875

Ending balance of accounts receivable = $849,600

Ending balance of allowance for doubtful accounts = $21,240

Bad debt expense for the year = $32,875

4 0

3 years ago

A firm has a market value equal to its book value. Currently, the firm has excess cash of $1,000 and other assets of $5,000. Equ

Jet001 [13]

Answer:

500

Explanation:

The computation of Total outstanding shares is shown below:-

Market Value of Shares before Share repurchase = Equity ÷ Number of Shares outstanding

= $6,000 ÷ 600

= $10

Shares repurchased = Excess Cash ÷ Price of a Share

= $1,000 ÷ 10

= 100

Total Outstanding Shares = Number of Shares outstanding - Shares repurchased

= 600 - 100

= 500

We applied the above formula.

6 0

3 years ago