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3 years ago

Which of the following is a correct statement?

Business

1 answer:

Nastasia [14]3 years ago

8 0

Answer:

The answer is B.

Explanation:

In purely competitive firms, there are many buyers and sellers that no single buyer or seller can influence the price of goods. They accept the price set by the market conditions which depend on the market supply and demand. Firms in this market are price-takers.

In monopolistic firm, no one is competing against him. He is the only one in the industry. He is the only seller while buyers are many. In most cases, buyers do not have alternative than to buy the product. Because of this, the firm in monopoly sets its price. He is a price-maker.

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Italian Stallion has the following transactions during the year related to stockholders’ equity. February 1 Issues 5,000 shares

bixtya [17]

Answer:

The Journal entries are as follows:

(a) On Feb 1,

Cash A/c (5,000 × $15) Dr. $75,000

To common stock $75,000

(To record the issue of shares)

(b) On May 15,

Cash A/c (500 × $12) Dr. $6,000

To Preferred stock (500 × $10) $5,000

To Paid in capital in excess of par $1,000

(To record the issue of preferred shares)

Dividend Expense A/c (5,500 × $0.75) Dr. $4,125

To Dividend Payable $4,125

(To record the declaration of dividend)

(d) On Oct 15,

No Journal entry would be passed.

(e) On Oct 31,

Dividend Payable A/c Dr. $4,125

To cash $4,125

(To record the payment of dividend)

5 0

3 years ago

Mountain Products has decided to raise $6 million via a rights offering. The company will issue one right for each share of stoc

storchak [24]

I think the answer is E

4 0

3 years ago

What was the greatest percentage loss in your total portfolio?

Natasha2012 [34]

-2.99% was the greatest percentage loss in total portfolio.

Subtract the purchase price from the current price and divide the result by the asset's purchase prices to determine the net gain or loss in the portfolio. The above method can be modified to determine a portfolio's percentage return. You will base your calculations on the overall value of your portfolio rather than the stock's acquisition price and market value.

A stock portfolio is a selection of equities you purchase in the anticipation of a profit. You can become a more robust investor by assembling a varied portfolio that spans several industries.

To learn more about portfolio refer here:

brainly.com/question/17165367

#SPJ4

Complete Question:

You'll now need to do some math to compute the percentage change in the value of your total portfolio. For each monthly statement, add up the value of the two funds to get your total portfolio value at the end of that month. Compute the month to month percentage change of the value of your portfolio by subtracting the beginning value from the ending value and then dividing it by the beginning value . What was the greatest percentage loss in your total portfolio?

3 0

2 years ago

What side of the manufacturing overhead account is actual manufacturing overhead entered on?.

Ludmilka [50]

Applied overhead goes on the credit side of the Manufacturing overhead of $120,700 was applied to production using the company's predetermined overhead rate

8 0

2 years ago

How will a new front desk manager address a problem of lateness in a hotel.

Leya [2.2K]

Answer:

They will have a system like a lot book where they would take in the visitors details and then Mark in or out and time of arrival and leaving

Hope this helps :)

Explanation:

5 0

4 years ago