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2 years ago

The total amount of cash and other assets received by a corporation from its stockholders in exchange for its stock is:________

Business

1 answer:

Ipatiy [6.2K]2 years ago

3 0

Answer:

c. Referred to as paid-in capital.

Explanation:

The total amount of cash and other assets received by a corporation from its stockholders in exchange for its stock is referred to as paid-in capital.

i.e. Total of assets should = Total liabilities.

Total of cash and other assets should = Paid in capital

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When Canada Dry first introduced Wink soda in the 1960s, it used the slogan, "Join the cola dropouts." The purpose of this adver

algol [13]

Answer:

The purpose of this advertising campaign was most likely to get customers to try the new product.

Explanation:

Since Wink soda was a new product of Canada Dry, it needed a catchy slogan to create awareness and invite customers to try out the product.

The slogan "Join the cola dropouts", was one that told customers that Wink soda was something different from cola, and should be given a try.

5 0

3 years ago

If the net present value of the payments at the time of the leases was 88% of the actual market price and the useful life of the

Aliun [14]

Answer:

A. True

Explanation:

Examples of situations that individually or in combination would normally lead to a lease being classified as a finance lease are:

(a) the lease transfers ownership of the underlying asset to the lessee by the end of the lease term;

(b) the lessee has the option to purchase the underlying asset at a price that is expected to be sufficiently lower than the fair value at the date the option becomes exercisable for it to be reasonably certain, at the inception date, that the option will be exercised;

(d) at the inception date, the present value of the lease payments amounts to at least substantially all of the fair value of the underlying asset; and

(e) the underlying asset is of such a specialised nature that only the lessee can use it without major modifications.

Since at the time of lease the net present value of the payments is 88% of the actual market price and the useful life of the asset was 70% at the end of the lease term and also the title of asset shall not be transferred to lessee at the end of lease term, therefore the lease shall not be classify as finance lease and it shall be classified as operating lease so the answer is A. True

4 0

3 years ago

Cosplay Unlimited sells 1,140 outfits per year at an average price of $143. The terms of the sale are 1/15, net 40. The discount

NARA [144]

Answer: c. $9,937.52

Explanation:

The Accounts receivable balance can be calculated by;

= Outfits per years * Average Price * (Collection period/365)

Collection period;

71% take the discount which means that they pay in 15 days while the rest pay in 40.

= (71% * 15) + (29% * 40)

= 22.25 days

Accounts Receivable balance = 1,140 * 143 * (22.25/365)

= $9,937.52

3 0

2 years ago

On December 31, 2020, Brisbane Company had 100,000 shares of common stock outstanding and 24,000 shares of 7%, $50 par, cumulati

prisoha [69]

Answer:

Basic Earnings per share = $0.81

Diluted Earnings per share = $0.59

Explanation:

Basic Earnings per share = Earnings Attributable to Holders of Common Stock / Weighted Average Number of Common Stocks

Earnings Attributable to Holders of Common Stock Calculation :

Net income $172,905

Less Preference Dividend (24,000× $50×7%) ($84,000)

Earnings Attributable to Holders of Common Stock $88,905

Weighted Average Number of Common Stocks Calculation :

Common Stocks 1 January 2021 100,000

Add Common Stocks February 28, 2021 13,333

Less Common Stocks September 30, 2021 (3,640)

Weighted Average Number of Common Stocks 109,693

Basic Earnings per share = $88,905 / 109,693

= $0.81

Diluted Earnings per share = Adjusted Earnings Attributable to Holders of Common Stock / Adjusted Weighted Average Number of Common Stocks

Adjusted Earnings Attributable to Holders of Common Stock Calculation :

Net income $172,905

Less Preference Dividend (24,000× $50×7%) ($84,000)

Earnings Attributable to Holders of Common Stock $88,905

Adjusted Weighted Average Number of Common Stocks Calculation :

Weighted Average Number of Common Stocks 109,693

Add incentive stock options 42,000

Adjusted Weighted Average Number of Common Stocks 151,693

Diluted Earnings per share = $88,905 / 151,693

= $0.59

6 0

3 years ago

Houseal Corporation has provided the following data from its activity-based costing system:

pishuonlain [190]

Answer:

Product margin per unit= $10.19

Explanation:

Giving the following information:

Activity Cost Pool Total Cost Total Activity

Assembly $ 613,250 55,000 machine-hours

Processing orders $ 46,170 1,500 orders

Inspection $ 146,110 1,900 inspection-hours

First, we need to calculate the estimated overhead rate for each activity cost pool:

To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Assembly= 613,250/55,000= $11.15 per machine hour

Processing= 46,170/1,500= $30.78 per order

Inspection= 146,110/1,900= $76.9 per inspection hour

We will calculate the total cost of production and then the unitary cost to determine the product margin:

Total cost= direct material + direct labor + allocated overhead

Selling price per unit $ 113.70

Direct materials cost per unit $ 48.14

Direct labor cost per unit $ 11.62

Annual unit production and sales 360

Annual machine-hours 1,040

Annual orders 60

Annual inspection-hours 30

Total cost= 48.14*360 + 11.62*360 + (1,040*11.15 + 60*30.78 + 30*76.9)= 37,263.4

Unitary cost= 37,263.4/360= 103.51

Product margin= selling price - unitary cost= 113.70 - 103.51= $10.19

3 0

3 years ago