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kkurt [141]
2 years ago
6

The following selected accounts appear in the ledger of Parks Construction Inc. at the beginning of the current year:Preferred 2

% Stock, $100 par (100,000 shares authorized, 80,000 shares issued) $8,000,000Paid-In Capital in Excess of Par—Preferred Stock 440,000Common Stock, $5 par (5,000,000 shares authorized, 4,000,000 shares issued) 20,000,000Paid-In Capital in Excess of Par—Common Stock 2,280,000Retained Earnings 115,400,000Journalize the entries to record the transactions. Refer to the Chart of Accounts for exact wording of account titles.During the year, the corporation completed a number of transactions affecting the stockholders’ equity. They are summarized as follows:a. Issued 200,000 shares of common stock at $12, receiving cash.
b. Issued 8,000 shares of preferred 2% stock at $115.
c. Purchased 175,000 shares of treasury common for $10 per share.
d. Sold 110,000 shares of treasury common for $14 per share.
e. Sold 30,000 shares of treasury common for $8 per share.
f. Declared cash dividends of $1.25 per share on preferred stock and $0.08 per share on common stock.
g. Paid the cash dividends.
Business
1 answer:
SIZIF [17.4K]2 years ago
3 0

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

Download xlsx
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Assume a drought in the Great Plains reduces the supply of wheat. Noting that wheat is a basic ingredient in the production of b
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Answer: a. rise, the supply of bread to decrease, and the demand for potatoes to increase.

Explanation:

According to the Economic law of SUPPLY AND DEMAND, less supply means HIGHER prices simply because the good is becoming scarce not unlike fuel during global oil shortages.

Now, we are told that the drought reduced the supply for wheat which means the SUPPLY of wheat has DECREASED and this will translate to the SUPPLY of Bread DECREASING as well. According to the aforementioned law, prices of Bread will therefore RISE.

Since Bread prices have risen, people will seek alternatives to bread as they may not want to pay the high price. This will lead them to choosing the alternative to bread which in this case are Potatoes which would therefore INCREASE the DEMAND for potatoes.

3 0
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Discussions of the economic results of rent control and of federal farm programs would be considered​ ________ analysis, and dis
mestny [16]

Answer: Positive and Normative

Explanation:

Positive economic analysis is basically something that is based on actual facts and cannot be approved or disapproved through views or opinions of others.

Whereas, normative economic analysis is something that focuses on the measure of how the policy is, whether good or bad or the way it should be or should become etc.

Rent control and federal farm programs are positive economic analysis. Its a fact.

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3 years ago
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Elodia [21]

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Explanation:

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Employee Carelessness can cause more material to be used if they fail to adequately measure the Requirements of a job. If they are also careless in the usage of the material, there will be wastage and therefore a larger use of materials.

Poor Quality Materials can also result in different quantities being used because for instance, more material could be required to do something that a stronger material could have easily done.

Inadequately trained Employees is a major reason for Material Wastage. If employees are not trained by seasoned people who know how to reduce wastage, that knowledge could take time to come to them. If they were adequately trained however, they can master the tricks on wastage avoidance and limit discrepancies in the amount of materials used per comparable jobs.

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Answer:

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Focus strategy is undertaken by a company to enter a narrow market or expand operations in such a market. The segment is specific and the business usually provides services that competitively meets customer needs.

Recognising that one market segment's needs are different from another one's is the basis for focus strategy. Resources will be used to meet and satisfy the unique needs of a target segment or niche. Involve a particular product line for example children clothing, detergents, lemon juice, children's shoes and so on.

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