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tia_tia [17]
3 years ago
7

Property rights are

Business
1 answer:
Vlad1618 [11]3 years ago
7 0

Property rights are: b. The right that individuals or firms have to buy or sell their property, and the exclusive use of their property

These properties can either be owned by the government, an organization or an individual. The right to property has four properties or rights:

Good’s usage

Make money from the goods

Sell the good to others

Property rights administration

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Manning Company issued 10,000 shares of its $5 par value common stock having a fair value of $25 per share and 15,000 shares of
Setler79 [48]

Answer:

$240,909

Explanation:

Given:

Number of common stocks issued = 10,000

Value of common stock = $5

Fair value per share = $25

Number of shares of $15 par value = 15,000

preferred stock having a fair value of $20 per share = $530,000

Total market value of the stocks = 10,000 × $25 + 15,000 × 20 =  $550,000

Now,

The proceeds that would be allocated to the common stock will be

= \frac{\textup{Total fair value of common stocks}}{\textup{Total maket value of the stocks}}\times\textup{Preffered value of total stocks}

= \frac{10,000\times25}{550,000}\times530,000

= $240,909

4 0
3 years ago
Bramble Corporation was organized on January 1, 2020. It is authorized to issue 10,500 shares of 8%, $100 par value preferred st
blsea [12.9K]

Answer and Explanation:

The journal entries, posting and preparation of the paid-in capital section of stockholders’ equity is presented below:

a. The journal entries are shown below:

On Jan 10

Cash $302,000  

        To Common Stock  $151,000 (75,500 shares × $2)

        To Paid in Capital in Excess of Stated Value-Common Stock $151,000

(Being the issuance of the common stock is recorded)  

On Mar 1

Cash $593,250  (5,650 shares × $105 )

               To Preferred Stock  $565,000 (5,650 shares × $100 )

               To Paid in Capital in Excess of Par-Preferred Stock $28,250  

(Being the issuance of the Preferred stock is recorded)  

On Apr 1

Land $83,000  

               To Common Stock  $50,000 (25,000 shares × $2)

                To Paid in Capital in Excess of Stated Value-Common Stock $33,000  

(Being the issuance of the common stock is recorded)  

On May 1

Cash $359,125  (84,500 shares × $4.25)

         To Common Stock  $169,000 (84,500 shares × $2)

         To Paid in Capital in Excess of Stated Value-Common Stock $190,125  

(Being the issuance of the common stock is recorded)  

On Aug 1

Organization expenses $41,000  

           To Common Stock  $22,000 (11,000 shares × $2)

            To Paid in Capital in Excess of Stated Value-Common Stock  $19,000  

(Being the issuance of the common stock is recorded)  

On Sep 1

Cash $60,000  (10,000 shares × $6)

       To Common Stock    $20,000 (10,000 shares × $2)

       To Paid in Capital in Excess of Stated Value-Common Stock $40,000

(Being the issuance of the common stock is recorded)    

On Nov 1

Cash $277,500  (2,500 shares × $111)

           To Preferred Stock  $250,000 (2,500 shares × $100)

           To Paid in Capital in Excess of Par-Preferred Stock  $27,500

(Being the issuance of the common stock is recorded)  

b. The T accounts of the above accounts are presented below:

                                     Preferred Stock

                                                             Mar 1        $565,000

                                                             Nov 1       $250,000

                                                            Balance    $815,000

                                     Common Stock

                                                             Jan 10     $151,000

                                                             April 1      $50,000

                                                             May 1       $169,000

                                                             Aug 1       $22,000

                                                             Sep 1       $20,000

                                                            Balance    $412,000

                         Paid in capital in excess of par - Preferred stock

                                                             Mar 1        $28,250

                                                             Nov 1       $27,500

                                                            Balance    $55,750

                      Paid in capital in excess of stated value - Common stock

                                                            Jan 10     $151,000

                                                             April 1      $33,000

                                                             May 1       $190,125

                                                             Aug 1       $19,000

                                                             Sep 1       $40,000

                                                            Balance    $433,125

c. Now the preparation is presented below:

                                     Bramble Corporation

                                     Balance Sheet Partial

                                   As of December 31, 2020

Stockholders Equity

Capital Stock

Preferred Stock             $815,000

Common Stock             $412,000

Total Capital Stock                           $1,227,000   (A)

Additional Paid in capital

Paid in Capital in Excess of Par-Preferred Stock $55,750

Paid in Capital in Excess of Stated Value-Common Stock  $433,125

Total Additional Paid in Capital        $488,875   (B)

Total Stockholders Equity                 $1,715,875   (A + B)

6 0
3 years ago
According to peterson, what was the catalyst for the formation of the first truly global trade network?
Snowcat [4.5K]

<u>According to peterson,</u><u> not the railroad </u><u>was the catalyst for the formation of the first truly </u><u>global trade network.</u>

Who started the galleon trade?

  • After Augustinian friar and navigator Andrés de Urdaneta evolved the tornaviaje, or go back direction, from the Philippines to Mexico, the Spanish mounted the Manila galleon alternate direction in 1565.
  • In that year, Urdaneta and Alonso de Arellano finished the primary a success spherical trip.

What element made the Philippines a middle for shipbuilding?

Indios have been a abundant supply of reasonably-priced exertions that might be abused. -Indians have been professional shipbuilders. -enough deliver of top-notch lumber.

Who constructed the primary deliver withinside the world?

  • Among the earliest deliver builders have been the Egyptians. Egyptian vases and graves include the earliest depictions of boats ever discovered.
  • These images, which date again at least 6000 years, depict long, slender boats.
  • They used paddles to row and have been mainly made from papyrus reeds.

Learn more about galleon trade

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7 0
2 years ago
all are the major steps described by the risk management framework to information and privacy risk management except for which o
Eddi Din [679]

The process of discovering, evaluating, and controlling risks to an organization's resources and profits is known as risk management.

<h3>What is Risk management?</h3>

The process of discovering, evaluating, and controlling risks to an organization's resources and profits is known as risk management. These dangers can be caused by a number of things, such as monetary unpredictability, legal responsibilities, technological problems, strategic management blunders, accidents, and natural calamities.

In order to reduce, monitor, and control the likelihood or impact of unpleasant events or to optimize the realization of possibilities, risk management involves the identification, evaluation, and prioritizing of risks. This is followed by the coordinated and efficient use of resources.

By early risk identification, staff members can lessen the possibility and severity of prospective project risks. There will be a plan of action in place in case something does go wrong. Employees can do this to prepare for the unexpected and improve project results.

To learn more about Risk management refer to:

brainly.com/question/4678268

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5 0
2 years ago
What strategies can you use to remain committed to and on track towards achieving your goals over the next 12 months?
iVinArrow [24]

Answer:

One thing you can do is to keep a journal (or a to-do list) in order to keep track of what you have to do and when

Another thing you can do is somehow reward yourself when you accomplish a goal, making yourself wanting to accomplish more.

The last thing I recommend is to have one of your friends/family members to help you with this as well. Make them encourage you to get done with what you need

Explanation:

4 0
3 years ago
Read 2 more answers
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