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4 years ago

11

Home Day is a large supermarket. It recently launched its own brand of cereals called Fast Bites, equivalent to most national br

ands and also priced slightly lower. Therefore, Fast Bites is an example of a(n)

1 answer:

Sergio039 [100]4 years ago

3 0

A generic brand/store brand

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On January 5, 2020, Sheffield Corporation received a charter granting the right to issue 5,100 shares of $100 par value, 7% cumu

andrew11 [14]

Answer:

Sheffield Corporation

Journal Entries

Date Description DR CR

Jan 11 Cash 292,500

Common stock 195,000

Paid in Capital for common stock 97,500

<em>Being the amount received on issue of </em>

<em> </em>

Feb 11 Equipment 53,300

Factory Building 152,000

Land 295,000

Prefereed stock 410,000

Paid -in -capital for Preferred stock 90,300

July 29 Treasury stock 25,600

Cash 25,600

Being the payment of own share purchased

Aug 10 Cash 22,400

Retained Earnings 3,200

Treasury stock 25,600

Dec 31 Retained earnings 10,025

Dividend(0.35*19500) 6,825

Treasury stock 3,200

Dec 31 Net Income ( Income Summary) 158,400

Retained Earnings 158,400

Balance sheet as at Dec 31

Equity

Common stock at $10 par value $195,000

7% Preferred Stock 410,000

Paid in capital for common stock 97,500

Paid in capital for Preferred stock 90,300

Retained Earnings ( 158,400-6825-3200) <u> 148,375</u>

<u> 941,175</u>

Explanation:

4 0

3 years ago

The federal government passes a law which a company, JuneCorp, feels unjustifiably discriminates against the company and harms i

fenix001 [56]

Answer:

b. JuneCorp can contest the legality of the law if all three scrutiny tests determine that the law is necessary.

Explanation:

Scrutiny test is a situation whereby the legislative arm of the government passes a law inorder to further government interest in a partivular situation or towards its citizens. Strict scrutiny is used to ensure that, the givernmental discrimination in its new law is constitutionally valid.

7 0

3 years ago

Jared, a supervisor, is discussing an employee with Evan, a human resource manager. Jared explains that the employee’s performan

ryzh [129]

Answer:

Explanation:

Based on the scenario being described within the question it can be said that Evan should advise Jared to withhold the employee's raise, and if the employee does not respond, then her employment should be immediately terminated. This is because the employee is being paid to do certain tasks which she is capable of doing. Neglecting this responsibility must be met with an immediate termination of the employment.

4 0

3 years ago

Read 2 more answers

Which of the following is an example of a primary market transaction? a. A bank sells a mortgage to another bank. b. An IPO. c.

siniylev [52]

Answer:

b. An IPO

Explanation:

The primary market transaction is the market where securities are created. An IPO which means initial public offer is an example of a primary market transaction.

The secondary market which is also known as the stock market is where securities that have been created are allowed to change ownership through sales and purchases.

All other options given (apart from IPO) are secondary market transactions.

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4 years ago

The only expenses that can be reduced in order to produce more savings are ""Non-essential Expenses"" and ""Essential (Variable)

Y_Kistochka [10]

Answer:

The statement is false

Explanation:

Non- essential expense is the expense which is spent on the extra things, which means it is not essential to meet the needs. Whereas the essential expense are those expenses which are spend on consuming the things required for living. For example food, cloth.

So, both the expenses are those expense which are necessary for an individual or person and therefore, cannot be reduced in order to produce the more savings.

8 0

3 years ago

Read 2 more answers