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aleksandr82 [10.1K]
3 years ago
10

On June 2nd, SEAkayak had the following details for its common stock: 1,000,000 shares authorized, 400,000 shares issued, and 40

0,000 shares outstanding. The following transactions happened from June 2 to December 31 SEAkayak issues 2,000 shares of common stock on June 10th. SEAkayak repurchases 10,000 shares of common stock on September 2nd. SEAkayak resells 3,000 previously repurchased shares from September on December 1st. On December 31st, how many common stock shares does SEAkayak Inc. have authorized
Business
1 answer:
kompoz [17]3 years ago
3 0

Answer:

The authorized common stock shares remain 1,000,000 shares.

Explanation:

The authorized shares are not affected by movements in the shares, like issue of shares, repurchase, and resale of treasury stock shares.  The authorized shares, therefore, represent the number of shares that the company is legally bound to issue without exceeding.  The implication is that the company is free to issue shares less than or equal to the authorized shares, but it may not issue more than the authorized until it obtains a new authorization.

The movements are accounted for in separate accounts called Issued Common Stock Account and Treasury Stock Account.  The treasury stock account is a contra account to the Common Stock.

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Research suggests that people just care about getting a paycheck out of their jobs.
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Answer (1)

<em>False</em>

Explanation:

Getting a paycheck is not what most people want out of their job, <em>studies have shown that some people, contrary to the general believe actually look for other things asides paycheck from their jobs.</em> Some of these factors that encourages people into finding fulfillment in their jobs includes permanent flexibility of the working time, commitment into to health and well being of the staffs by the employer of these people, etc. <em>This factors creates a sense of purpose in the workers, encouraging them to put their body and soul into the job without thinking too much about the paycheck.</em>

Answer (2)

<em>True</em>

Explanation:

<em>Different people have different reasons for working</em>, although some just work for the paycheck, others are driven by a sense of purpose among other things. To some people, the work setting provides a sort of belonging and gives them the impression of working in a team, which is what most people actually want.

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<em>2. Belongingness</em>

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Explanation:

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3 years ago
The price elasticity of demand for a particular cancer drug is zero and the price elasticity of supply is 0.50. If a $1 excise t
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Answer:

$1 or 100% of the tax

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