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2 years ago

On October 1, Oriole Corporation’s stockholders’ equity is as follows.

Business

1 answer:

svetlana [45]2 years ago

3 0

Answer:

a. Compute the par value per share (1) before the stock dividend and (2) after the stock dividend.

1) $7 per stock
2) $7 per stock

b. Indicate the balances in the three stockholders? equity accounts after the stock dividend shares have been distributed.

Common stock $589,050
Paid-in capital in excess of par - common stock $83,550
Retained earnings $625,400

Explanation:

since it is a "small" stock dividend, it will be carried out at market value and not at par value.

the total number of stocks = $535,500 / $7 par value = 76,500 stocks

total transaction = 76,500 stocks x $14 x 10% = $107,100

the journal entry should be:

Dr Retained earnings 107,000

Cr Common stock 53,550

Cr Paid in capital in excess of par value 53,550

total common stock account = $535,500 + $53,550 = $589,050 / 84,150 stocks = $7 per stock

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A vendor raises the cost of materials you planned to order, and the increased cost will put your project over budget. Which shou

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2 years ago

Assignment:

Talja [164]

In-depth research is needed on the advantages and disadvantages of the three forms of business ownership and alternative types and what type of ownership you would be most comfortable with.

<h3 /><h3>Sole Proprietorships</h3>

It is a form of company in which only one person is responsible for management, with no legal distinction between the owner and the company.

The advantages are the less bureaucracy and lower interest rate. The disadvantages are the difficulty in obtaining financing and business credit.

<h3 /><h3>Partnerships</h3>

It is a professional relationship between two or more people to carry out a business. The advantages are the sharing of risk and responsability. The disadvantages are related to the loss of autonomy and conflicts.

<h3 /><h3>Corporations</h3>

It is an entity that has a legal status separate from its owners. The advantages are the ease of obtaining credit and protection from the liability of partners. The disadvantages relate to greater bureaucratization and formalities.

<h3 /><h3>Franchises</h3>

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It is an entity whose objective is to offer social benefits and to the general public, non-profit. The advantages are employee motivation and commitment and the disadvantages are social pressure and lack of financial resources.

<h3 /><h3> Cooperatives</h3>

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Find out more information about Sole Proprietorships here:

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2 years ago

Cups of coffee of milk tea are substitutes. assume both have in elastic demand. Suppose exceptionally good weather increases the

nata0808 [166]

Answer:

In that situation, the demand of the Milk tea will fall.

Explanation:

In businesses subtitles are the type of products that serve a similar purpose but generally less favorable. You use substitutes as a second product when you somehow cannot use the first/main product.

In the example above,

Let's say that Coffee is people's favorite beverages. They like it better than milk tea. But, if they don't have enough money to buy their favorite coffee, they sometimes have to exchange it and settle with milk tea.

When weather increases the harvest of the coffee bean crop, the price of coffee will most likely fall down due to the abundance in resource.

When this happen, there will be lesser people who use the substitute product. in the end, the demand for the milk tea will fall.

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2 years ago