1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Marat540 [252]
3 years ago
10

Marvin Corporation has the following information reported on the balance sheet as of December 31, 2017 Common Stock, $10 par val

ue (authornized 20,000 shares) $90,000 Treasury Stock (6,000 shares) $30,000 Based on the information above, how many shares of common stock are outstanding? O A. 9,000. B. 6,000. O C. 3,000 O D. 60,000 Click to select your answer O Type here to search
Business
1 answer:
SCORPION-xisa [38]3 years ago
3 0

Answer:

  • How many shares of common stock are outstanding?

C. 3,000

Explanation:

Treasury stock, are those that the company repurchase from the market and keep it in the company, in this case the company keep the shares in the accounting and the shares could be reissued in the future.

The company issued 9,000 shares, it is reflected in the Common Stock account,  $90.000 / $10 = 9,000.

Then in the Treasury Stock account are registered the shares that the company repurchases from the market, these are, 6,000 shares.

Finally the total Common Shares outstanding are 3,000.

You might be interested in
Match the following statements to the appropriate terms.
steposvetlana [31]

Answer:

Production Cost Report;Cost Reconciliation schedule,Equivalent units of Production;Unit Production Costs;Physical Units

Explanation:

Production Cost Report:A summary of both production quantity and cost data for a production department.

Cost Reconciliation schedule:Shows that the total costs accounted for equal the total costs to be accounted for.

Equivalent units of Production:Work done during a period expressed in fully completed units.

Unit Production Costs: Costs expressed in terms of equivalent units of production.

Physical Units:Actual units to be accounted for during a period, irrespective of any work performed.

Total Units Accounted for:Units transferred out during the period plus units in ending work in process.

Total manufacturing cost per unit:Unit materials costs plus unit conversion costs.

Units Transferred out:Total units accounted for minus units in ending work in process.

7 0
3 years ago
Use the three-step demand-supply analysis discussed in class to analyze changes to the equilibrium price, and quantity in the ca
Ghella [55]

A new computer chip affects the supply curve only.

Demand-supply is an economic version of price determination in a market. It postulates that preserving all else identical, in an aggressive market, the unit price for a specific appropriate, or other traded item which includes hard work or liquid financial property, will range till it settles at a point in which the quantity demanded (at the modern price) will same the quantity supplied (on the modern-day price), ensuing in an economic equilibrium for rate and quantity transacted.

Equilibrium is a scenario wherein economic forces consisting of delivery and demand are balanced and in the absence of outside impacts the values of economic variables will no longer alternate.

Philosophical analysis is any of various techniques, typically used by philosophers in the analytic culture, to be able to "damage down" philosophical problems. Arguably the maximum prominent of those techniques is the evaluation of concepts.

Learn more about Demand-supply here: brainly.com/question/4804206

#SPJ4

7 0
2 years ago
____ emphasized designing and managing organization on an impersonal, rational basis through such elements as clearly defined au
AURORKA [14]

Answer:

bureaucratic organizations

Explanation:

Bureaucratic organizations -

It is a form of management with a pyramidal command structure , it is a very organized form of management , having formality , is known as bureaucratic organisations .

They are the one with high efficiency with strict control and command .

hence ,

The correct term for the given statement is  bureaucratic organizations .

7 0
3 years ago
Selected transactions for Thyme Advertising Company, Inc. are listed here. Describe the effect of each transaction on assets, li
SVEN [57.7K]

Answer:

Explanation:

1. Issued common stock to investors in exchange for cash received from inventors  - Increase in assets (cash) and an increase in equity  (Capital)

2. Paid monthly rent  - The decrease in equity and decrease in assets (cash)

3. Received cash from customers when service was rendered  - Increase in  assets (cash) and an increase in  equity

4. Billed customers for services performed  - Increase in assets (Accounts Receivable) and an increase in equity

5. Paid dividend to stockholders  - The decrease in equity and decrease in assets (cash)

6.Incurred advertising expense on account  - Decrease in equity and an increase in liability (Accounts Payable)

7.Received cash from customers billed in  - Increase in the asset (cash) and decrease in the asset (Accounts Receivable)

8.Purchased additional equipment for cash  - Increase in the asset (Equipment) and decrease in an asset (cash)

9.Purchased equipment on account  - Increase in the asset (equipment) and an increase in liabilities (Accounts payable)

5 0
3 years ago
Assume that Lucas's marginal tax rate is 32 percent and his tax rate on dividends is 16 percent. If a dividend-paying stock (wit
kipiarov [429]

Answer:

The correct answer to the problem is 7.728%

Explanation:

Lucas marginal tax rate = 32 percent

Tax rate on dividends = 16 percent

Dividend yield of a dividend-paying stock (with no growth potential) = 9.20 percent.

To determine the interest rate a municipal bond have to offer for Lucas to be indifferent between the two investments from a cash flow perspective =

Dividend yield multiplied by ( 1- tax rate on dividends)

= 9.20% × (1 - 16%)

= 0.092 × (1 - 0.16)

= 0.092 × 0.84

= 7.728%

3 0
3 years ago
Other questions:
  • Archoid's Flowering Plants provides the following information for the month of May: Actual Budget Tulips Geraniums Tulips Gerani
    12·1 answer
  • Last year’s sales were $9,815,000 and are projected to increase by 4.5% for next year. Last year’s expenses were 41% of last yea
    14·1 answer
  • Lawrence needs to respond to a coworker's email. In a plain text email, the coworker has asked Lawrence a number of questions. L
    5·2 answers
  • Patterson Corporation began the year with retained earnings of $325,000. During the year, the company issued $500,000 of common
    11·1 answer
  • The CPI is calculated: a) monthly by the Bureau of Labor Statistics. b) quarterly by the Department of Commerce. c) monthly by t
    8·1 answer
  • A commission employee derives their income from the number of items or goods that they produce. True or Flase
    10·1 answer
  • Reunion BBQ has $4,000,000 of notes payable due on March 11, 2017, which Reunion intends to refinance. On January 5, 2017, Reuni
    7·1 answer
  • Suppose a consumer only purchases food and clothing, and food is plotted along the horizontal axis of the consumer's indifferenc
    12·1 answer
  • Lang Warehouses borrowed $178,960 from a bank and signed a note requiring 8 annual payments of $28,819 beginning one year from t
    15·1 answer
  • A 2 percent increase in the price of milk causes a 6 percent reduction in the quantity demanded of chocolate syrup. What is the
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!