All categories

3 years ago

Use the following information to answer the next 3 questions:

Business

1 answer:

adelina 88 [10]3 years ago

4 0

Answer:

Check the following calculations

Explanation:

Answer [a]

Preferred stock shares issued and outstanding = $ 105,000 / $ 50 par value = 2,100 shares

Answer [b]

Common Stock shares outstanding = Total issued – Treasury stock shares

= ($40000 / $4 par) – 4000 shares

= 10000 – 4000

= 6,000 shares

Answer [c]

Cost of Treasury shares = $ 15000 / 4000 shares = $ 3.75

You might be interested in

aRhonda owns an office building that has an adjusted basis of $45,000. The building is subject to a mortgage of $20,000. She tra

Scorpion4ik [409]

LaRhonda realized and recognized gain or loss are: $45,000; $35,000.

a. LaRhonda realized gain:

Using this formula

Realized gain = (Cash + Fair market value of building + Mortgage) - Adjusted basis

Let plug in the formula

Realized gain = ($15,000 + $50,000 + $20,000) - $45,000

Realized gain = $85,000-$45,000

Realized gain = $40,000

b. LaRhonda recognized gain or loss

Using this formula

Recognized gain = Cash + Mortgage

Let plug in the formula

Recognized gain =$15,000 +$20,000

Recognized gain= $35,000

Inconclusion LaRhonda realized and recognized gain or loss are: $45,000; $35,000.

Learn more here:

brainly.com/question/15176463

4 0

2 years ago

Difference between debit the receiver and credit the giver

Vinil7 [7]

Answer:

Explanation:

When a payment is made to somebody, you debit the receiver of that payment and credit Cash or Bank as money is paid from cash or by means of cheque. When money or cheques are received, you credit the person who is paying you and you debit the cash or bank.

6 0

3 years ago

The fundamental economic problem is meeting people’s virtually unlimited needs and wants with limited resources.Question 3 optio

Solnce55 [7]

Answer:

The correct answer is: True.

Explanation:

The basic or fundamental problem in economics is people have unlimited wants and needs and the resources are limited. These limited resources have alternative uses and are used to satisfy unlimited wants and needs.

These resources are to be used rationally in such a way that total utility or consumption derived is maximized.

7 0

4 years ago

Lacy's Linen Mart uses the retail method to estimate inventories. Data for the first six months of 2019 include: beginning inven

Harman [31]

Answer:

A. $68,200

Explanation:

Retail Cost

Beginning inventory $60,000

$120,000

Plus: Net purchases. $312,000

$480,000

Goods available for sale $372,000

$600,000

Cost to retail percentage = $372,000 ÷ $600,000 = 62%

Less : Net sales

($490,000)

Estimated ending inventory at retail

$110,000

Estimated ending inventory at cost

62% × $110,000 = $68,200

4 0

3 years ago

If an organization does not develop programs in-house, then the development group of the information system (IS) department will

Nitella [24]

Answer:

C) Business and systems analysts

Explanation:

Business and systems analysts primarily work with users, operations, and vendors to acquire and install licensed software and to set up the system components around that software.

They can be found in the information system (IS) department of an organization.

4 0

4 years ago

Read 2 more answers