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A corporation was formed on January 1. The corporate charter authorized 100,000 shares of $10 par value common stock. During the

Vitek1552 [10]

Answer:

The entry to record the payment of attorneys fees by a way of share issue will be:

Dr Organization expense $5000

Cr Share capital $3000

Cr Share premium $2000

Explanation:

Firstly, the fees payable to the attorneys is $5000,hence organization expense is debited with $5000.

However, the value of the shares given is 300*$10 i.e $3000,as a result, the attorneys have indirectly paid $2000 more for the shares, the excess is recorded in paid in share capital in excess of par value account or a share premium account.

The rationale for the entries is that expense account takes debit when it increases and capital account a credit.

5 0

3 years ago

Based on its 1Q 2014 press release, what is the maximum $ amount the Coca-Cola Company expects to spend in repurchasing its shar

OverLord2011 [107]

Answer: $3.0 billion.

Explanation:

According to the Press Statement released by Coca-Cola on April 15, 2014 as found on the SEC website, the company plans to spend between $2.5 billion and $3.0 billion on share repurchases by the end of the 2014 fiscal year.

As at the end of the first quarter of 2014, the Company had already spent $713 million in share repurchases and so were optimistic about their repurchases plan.

4 0

4 years ago

The market price of hamburgers in a college town increased recently, and the students in an economics class are debating the cau

agasfer [191]

Please find attached the graphs containing the requested information

The dominant cause of the increase in the price of hamburgers can be determined by the direction of change on quantity demanded: If the equilibrium quantity of hamburgers decreases, then the supply shift in the market for hamburgers must have been larger than the demand shift.

The demand curve shows the relationship between price and quantity demanded. The demand curve is negatively sloped.

The supply curve shows the relationship between price and quantity supplied. The supply curve is positively sloped.

If the increase in the price of hamburgers is as a result of burger joints closing down.

If burger joints closes down, the supply of hamburgers would decrease. The supply curve would shift to the left. As a result of the leftward shift of the supply curve, equilibrium price would rise and equilibrium quantity would decrease.

The increase in the price of hamburgers is as a result of a decrease in the price of French fries.

Hamburgers and French fries are complement goods. Complement goods are goods that are consumed together. An decrease in the price of French fries would lead to an increase in the demand for hamburgers. This would lead to a rightward shift of the demand curve while the supply curve remains unchanged. As a result, both equilibrium price and quantity would increase.

If both events are partially responsible, the supply curve would shift to the left, leading to an increase in price and a decrease in quantity and the rightward shift of the demand curve would lead to an increase in equilibrium price and quantity.

If the decrease in supply is the dominant factor, there would be a decrease in equilibrium quantity.

If the increase in demand is the dominant factor, there would be an increase in equilibrium quantity.

To learn more about demand, please check: brainly.com/question/14456267?referrer=searchResults

8 0

3 years ago

How did innovations in marketing and sales encourage conspicuous consumerism in the united states?

adoni [48]

Marketing and sales innovations make use of advertising to create awareness about products. Advertising is a kind of communication which typically persuade people to buy an idea, product or service. Advertisers usually intentionally create messages to convince the consumers that they need the product that is been advertised. Along with advertising, companies also provide innovative means by which consumers can engage in wide scale shopping. All these encourages consumers to acquire goods and to increase their consumption of diverse products; this leads to conspicuous consumerism in America.

3 0

4 years ago

Read 2 more answers

sagar works for a financial advising firm. he must create a financial plan and come up with a list of securities in which his cl

Alik [6]

Since sagar works for a financial advising firm. he must create a financial plan and come up with a list of securities in which his client can invest. This is a investment.

<h3>What is an investment?</h3>

It should be noted that a investment simply means the use of mine in order to create further revenue for the company.

In this case, it was stated that Sagar create a financial plan and come up with a list of securities in which his client can invest. Therefore, this shows that this is an investment.

Learn more about firm on:

brainly.com/question/15130516

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sagar works for a financial advising firm. he must create a financial plan and come up with a list of securities in which his client can invest. sagar must make decisions regarding the investments that he should recommend to his clients to include in their portfolio. Is this an investment or capital market?

7 0

2 years ago