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Olin [163]
3 years ago
7

McKean Corporation authorized 500,000 shares of common stock in its articles of incorporation. On May 1, 2019, 100,000 shares we

re sold to the company's founders. However, on October 15, 2019, McKean repurchased 20,000 shares to settle a dispute among the founders. At this date, how many shares were issued and outstanding, respectively?
Business
1 answer:
Solnce55 [7]3 years ago
6 0

Answer:

100,000 shares and 80,000 shares

Explanation:

Calculation to determine how many shares were issued and outstanding, respectively

The shares that were issued will be 100,000 shares that were sold to the company's founders while the shares outstanding will be 80,000 shares Calculated as :

Shares outstanding=Shares issued -Shares repurchased

Shares outstanding=100,000 shares-80,000 shares

Shares outstanding =80,000 shares

Therefore the Number of shares that were issued and outstanding, respectively are:100,000 shares and 80,000 shares

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The MixingMixing Department of Fresh FoodsFresh Foods had 50 comma 00050,000 units to account for in OctoberOctober. Of the 50 c
xenn [34]

Answer:

Fresh Foods

Equivalent Units for October:

a) Direct Materials:                        Units   % of completion   Equivalent Units    

Completed & transferred out   25,000     100%                     25,000

Ending work in process            25,000      100%                     25,000

Total equivalent unit for direct materials = 50,000

b) Conversion costs:                 Units   % of completion   Equivalent Units    

Completed & transferred out   25,000     100%                     25,000

Ending work in process            25,000      35%                        8,750

Total equivalent unit for conversion costs = 33,750

Explanation:

Equivalent unit of production is an expression of the amount of work done on units of output to show the degree of completion in an accounting period with regard to work in process.  When the degree of completion (usually a percentage) is applied to the physical units in process, then the resulting figure is the equivalent units completed.

The calculation of equivalent units helps in the allocation of costs to units in the process of production.  Usually, additional conversion costs will be incurred in subsequent periods on the partially completed units to add to the already incurred costs in the current period unlike with fully completed units.

Equivalent units are always 100% complete as to direct materials but less for other manufacturing processes.

7 0
3 years ago
Fill in the following table by calculating the official unemployment rate and the U-4 measure of labor underutilization.
Alja [10]

Answer and Explanation:

The computation of the official unemployment rate is shown below:

Official unemployment rate is

= Unemployed workers ÷ (Unemployed + employed) × 100

= 13,863,000 ÷ (13,863,000 + 139,323,000) × 100

= 9.05%

Now for the U-4 is

= (Unemployed workers + discouraged workers) ÷ (Unemployed + employed + discouraged workers) × 100

= (13,863,000 + $993,000) ÷ (13,863,000 + 139,323,000 + $993,000) × 100

= 9.64%

Therefore for exclduing the discouraged workers it may cause the offical rate to understate the underemployment true extent

4 0
3 years ago
Marie saved $51. on wednesday, she spent $8 of her savings. what ratio represents the portion of her total savings that she stil
ASHA 777 [7]

43.51

hope this helps

6 0
3 years ago
Gloria is a broker for Jan. Jan is not satisfied with Gloria's work, so she fires her by email three months into a six-month ter
Blababa [14]

No, Gloria can not legally continue to work for Jan, because Jan has withdrawn her consent for Gloria to act on her behalf.

<h3>What is meant by consent?</h3>

Consent refers to the parties' mutual comprehension of the terms of the agreement. The contract requires the voluntary assent of both parties. If there are certain mistakes, or if one party attempts to deceive or pressure the other, consent will not be considered voluntary or genuine.

The importance of consent in business-

  • Regardless of how you phrase it, consent helps us be more successful marketers.
  • It makes us "ethical" marketers who recognize that acting morally will increase our chances of success in addition to ensuring that we abide by the law.

The three sorts of consent that an organization may get are as follows:

  1. Explicit Consent: An individual must be given a clear choice regarding whether to agree or object to the collection, use, or disclosure of their personal information in order to give their explicit consent.
  2. Implicit Consent: Implied consent is consent that isn't explicitly given by a person but is instead inferred from their behavior and the specific facts and circumstances surrounding the scenario (or, in certain cases, from their silence or inactivity).
  3. Opt-out Consent: Organizations do not need to get the user's consent before collecting and using their personal data if they have an opt-out consent.

To know more about laws and regulations important for employers, here

brainly.com/question/26463698

#SPJ4

4 0
2 years ago
Future economic trends are not influenced by economic theories. True or false?
nikklg [1K]
That statement is false.
Economic theories will determine how companies see the market and will somehow affect the decision that they will make for the market.
This decision will influence the future economic trends because these companies usually are really forward thinkers. From this, we could draw a correlation between future economic trends and economic theories
5 0
3 years ago
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