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kolezko [41]
3 years ago
8

On May 10, a company issued for cash 1,600 shares of no-par common stock (with a stated value of $4) at $15, and on May 15, it i

ssued for cash 5,000 shares of $17 par preferred stock at $59. Journalize the entries for May 10 and 15, assuming that the common stock is to be credited with the stated value. If an amount box does not require an entry, leave it blank.
Business
1 answer:
liubo4ka [24]3 years ago
7 0

Answer:

May 10

Cash (debit) $6,400

Common stock (credit) $6,400

May 15

Cash (debit) $295,000

preferred stock (credit) $295,000

Explanation:

<u>Common stock</u>

Companies Act requires the Common Shares to have par value.

However shares can be elected as no-par common stock and presented at stated value.

<u>Preferred stock</u>

Must not necessarily have par value.

Can be presented at issue price.

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​Coleman, Inc. provides the following data from its income statement for​ 2017:Net Sales​$500,000Cost of Goods Sold​(200,000)Gro
Illusion [34]

Answer: 60 %

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Gross profit percentage or gross profit ratio refers to the ratio of gross profit and net sales. It is used to evaluate how much gross profit does a company makes from its sales. It is a good measure for evaluating liquidity.

This could be calculated as follows :-

gross\:profit\:ratio=\frac{gross\:profit}{net\:sales}

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4 years ago
How are enterprise state roaming (esr) profiles different from other traditional user profiles?
Stells [14]

Answer:

ESR keeps corporate and personal data separate

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enterprise usually means business

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quizlet

6 0
2 years ago
Suppose you have a dinner gift certificate for $20. You can use it to order meatloaf or pot roast. Meatloaf costs $12, and pot r
antiseptic1488 [7]

Suppose you have a dinner gift certificate for $20. You can use it to order meatloaf or pot roast. Meatloaf costs $12 and pot roast costs $14. Meatloaf and pot roast are both worth $15 to you. The dollar value of the opportunity cost of choosing meatloaf instead of pot roast is $15 EX.

<h3>What Is Opportunity Cost?</h3>

Opportunity costs represent the potential benefits that an individual, investor, or business misses out on when choosing one alternative over another. Because opportunity costs are unseen by definition, they can be easily overlooked. Understanding the potential missed opportunities when a business or individual chooses one investment over another allows for better decision making.

Opportunity cost is often overlooked by investors. In essence, it refers to the hidden cost associated with not taking an alternative course of action. If, for example, a company pursues a particular business strategy without first considering the merits of alternative strategies available to them, they might fail to appreciate their opportunity costs and the possibility that they could have done even better had they chosen another path.

Formula Of Opportunity Cost

​Opportunity Cost=FO−CO

where:

FO=Return on best forgone option.

CO=Return on chosen option.

​

Learn more about Opportunity cost on:

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2 years ago
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krok68 [10]

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<h3>What is the Efficiency wage?</h3>

Wages provided to employees over the minimum wage in order to retain a trained and efficient staff are referred to as efficiency wages. Adam Smith defined a type of pay disparity in the 18th century, in which workers in some businesses are paid more than others based on the level of trustworthiness necessary.

Employers establish efficiency salaries above the equilibrium wage rate as an incentive for better employee performance. An efficiency wage is a higher wage provided to employees who are more productive.

Therefore, option D is correct.

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8 0
1 year ago
Product differentiation refers to: consumers who sort and group goods based on similar characteristics. firms who offer similar
Luba_88 [7]

Answer:

firms who offer similar products to their competitors' products, but that are more attractive in some way

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Product differentiation is marketing strategy where a firm makes its different from that of its competitors in order to make the product more attractive to consumers

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3 years ago
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