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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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Montano1993 [528]

Answer:

it's most likely B or D. but you need to double check

3 0
2 years ago
Whenever marginal cost is greater than average total cost, A. average total cost is rising. B. marginal cost is falling. C. aver
Damm [24]

Answer:

A. average total cost is rising.

Explanation:

Whenever marginal cost is more than average cost it means it costs more to produce a unit now compared to the average cost of the previous units. Lets assume that a company produces 3 units  of a good.

The first unit costs $1

The second unit costs $2

The third unit costs $3.

The average cost is (1+2+3)/3=2

Now if the marginal cost for producing a unit is more than the average cost for example if the marginal cost is 4, then this will mean that average total cost is rising. we can mathematically check this.

The first unit costs $1

The second unit costs $2

The third unit costs $3.

The fourth unit costs $4

Average cost= (1+2+3+4)/4=10/4=2.5

Here we see that the average cost increased from 2 to 2.5 because marginal cost was greater than average cost.

4 0
3 years ago
Ace Industries has a current assets equal to $3 illion . the company's current ratio is 1.5. and its quick ratio is 1.0.
zavuch27 [327]

Answer:

$2,000,000

$1,000,000

Explanation:

We know that

Current ratio = Total Current assets ÷ total current liabilities  

1.5 = $3,000,000 ÷ total current liabilities  

So, the total current liabilities would be

= $2,000,000

And

Quick ratio = Quick assets ÷ total current liabilities  

1.0 = Quick assets ÷ $2,000,000

Quick assets = $2,000,000

So, the inventory would be

= Total current assets - quick assets

= $3,000,000 - $2,000,000

= $1,000,0000

6 0
4 years ago
Fargo Company's outstanding stock consists of 400 shares of noncumulative 5% preferred stock with a $10 par value and 3,000 shar
kifflom [539]

Answer: Option (a) is correct.

Explanation:

Given that,

Dividend in 2016 = $20,000

Preferred Shares = 400

Par Value of Preferred Stock = 400 × 10 = $4000

Rate of Dividend of Preferred Stock = 5%

(a) Dividend to preferred Shareholders:

= Par Value of Preferred Stock × Rate of Dividend

= $4000  × 5%

= $200

(b) Dividend to Common Shareholders:

= Total Dividend - Dividend to Preferred Shareholders

= $20,000  - $200

= $19,800

6 0
3 years ago
Check the ONE factor that is NOT used to determine the best channel to send a message. *
mihalych1998 [28]

Answer:

Concern of your audiences response.

Explanation:

Communication can be defined as a process which typically involves the transfer of information from one person (sender) to another (recipient), through the use of semiotics, symbols and signs that are mutually understood by both parties.

The Sender Message Channel Receiver (SMCR) model of communication was developed and created by David Berlo in 1960. SCMR was developed from the Shannon-Weaver model of communication of 1949.

The SCMR model of communication comprises of four (4) main components and these are;

1. Sender (S) : this is typically the source of information (message) or the originator of a message that is being sent to a receiver. Thus, they are simply the producer of a message.

2. Channel (C) : this is the medium used by the sender for the dissemination or transmission of the message to the recipient. For example, telephone, television, radio, newspapers, billboards etc.

3. Message (M) : this is the information or data that is being sent to a recipient by a sender. It could be in the form of a video, audio, text message etc.

4. Receiver (R) : this is typically the destination of information (message) or the recipient of a message that is being sent from a sender. Thus, the receiver is any individual who is able to read, hear or see and process the message being sent or communicated in the communication process.

The factors used to determine the best channel to send a message includes the following;

I. The importance of a message

II. The amount and speed of feedback from the receiver (recipient).

III. The need for a permanent record of the message.

IV. Cost of the channel.

V. The degree of formality desired by the sender of the message.

VI. Confidentiality and sensitivity of the message being sent.

VII. The preference and level of technical expertise of the receiver (recipient).

3 0
3 years ago
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