1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Olin [163]
2 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]2 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

You might be interested in
what attracts you to jpmorgan chase, and specifically, an opportunity in the corporate analyst development program?
Rama09 [41]

J.P. Morgan takes great satisfaction in its distinctive strategy for corporate responsibility. It works to make a difference that will last in our neighborhoods and provide everyone an opportunity to climb the economic ladder.

Why do you use the word "corporate"?

Corporate refers to a group of large enterprises or a specific large company. For corporate clients as opposed to private ones, interest rates are greater. Both the economy and business earnings are expanding. Corporate refers to a group of large enterprises or a specific large company.

Does "private" imply "corporate"?

English definition of a private corporation. a corporation whose assets are never listed on a stock exchange and are owned be just one man or a small number of people, such as a family: The company is an privately held enterprise.

To know more about corporation  visit:

brainly.com/question/28097453

#SPJ4

3 0
1 year ago
The City of Southern Pines maintains its books so as to prepare fund accounting statements and records worksheet adjustments in
Andrei [34K]

Answer: The answer has been attached

Explanation:

The journal is a book in accounting that is used to record the transactions that affect a business. It should be noted that the double entry method of bookkeeping is utilised while recording in a journal.

The journal has been attached in the following way:

1. The journal was used to record the balance sheet particulars.

2. To record the transaction in the internal service fund that is external to the government.

3. To record the internal service fund in the government-wide statements as a part of governmental activities.

It should also be noted that the net income of $84,000 was to be shared as one-third to general government, one-third to public safety, and one-third to public works. This means they'll all receive ($84,000/3) = $28,000 each.

Further explanation can be found in the attached file.

3 0
3 years ago
at the phase 3 meeting, the project manager will outline the process to . a.) transfer the deliverables into operational state a
alexandr1967 [171]

The project manager will outline how to transfer the deliverables in operational status and formally close the project at the phase 3 meeting.  So, the correct option choice for this question would be option (b).

<h3>Write a short note on project management.</h3>

Project management may be regarded as the process of overseeing a team's activity to complete all project objectives within the established parameters. Usually, explanations of this information are included in the project documentation that is created at the beginning of the development process. Scope, budget and time are the three basic constraints. The other issue is how to best distribute the required inputs while still using them to accomplish predetermined objectives.

To deliver a finished product that satisfies the client's needs is the aim of project management. Modifying the client's brief to better effectively accomplish the client's aims is typically the goal of project management. Once the client's objectives are known, they should direct all other project members' decisions.

To know more about, project management, visit :

brainly.com/question/17313957

#SPJ4

4 0
11 months ago
The phase of the Technology Product Development Cycle that describes key technology that has been integrated into many products
Serga [27]
I believe the correct answer from the choices listed above is option B. <span>The phase of the Technology Product Development Cycle that describes key technology that has been integrated into many products is the mature phase. Hope this answers the question.</span>
4 0
3 years ago
Read 2 more answers
U.S. exports of goods and services flow to households and firms in ________, and U.S. financial inflows of capital flow to house
kondaur [170]

Answer:

The correct anwer is: the rest of the world; the United States.

Explanation:

Now, the goods exported by the United States tell only part of the story. Services are the largest export of this country, with sales abroad for 778,000 million dollars last year. In fact, the United States has a trade surplus of $ 243 billion in services, which is good news since the industries in this sector account for 71% of jobs in the country

These are the service industries that generate the most money:

  1. Travel and transportation: 236,000 million dollars.  
  2. Finance and insurance: 76,000 million dollars.
  3. Intellectual property sales: 49,000 million dollars. This includes software, movies and TV shows.
5 0
3 years ago
Other questions:
  • Which of the following statements is correct with respect to a limited partnership?
    6·1 answer
  • In critical listening, it is important to determine the accuracy of facts.
    11·1 answer
  • Moon flower cosmetics company executives are aware that their asian customer base is interested in advanced skin care treatments
    11·1 answer
  • To be competitive firms must create and sustain core competencies that are in tune with their customer’s order winners (T/F)
    5·1 answer
  • On the product continuum, a system falls in the area of low volume and low standardization, but it is NOT at the extreme left (l
    9·1 answer
  • Harold is a sales manager associated with TickTock Watches for the past thirty-five years; he was instrumental in the company's
    14·1 answer
  • Solutions to the moral hazard problem include Select one: a. low net worth b. greater reliance on equity contracts and less on d
    8·1 answer
  • You and your partner have become very interested in cross-country motorcycle racing and wish to purchase entry-level equipment.
    5·1 answer
  • Control limits come from :__________
    10·1 answer
  • A widower owned a residence in fee simple absolute. He contracted to sell it to a couple. The couple did not record the contract
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!