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Liono4ka [1.6K]
3 years ago
9

Gordon Company reports the following information at the current fiscal year end of December 31: Common Stock, $0.10 par value pe

r share $98,000 Additional Paid-in Capital , Common Stock 600,000 Retained Earnings 900,000 Total Stockholders' Equity $1,598,000 What was the average selling price for the common stock issued (rounded to the nearest cent)
Business
1 answer:
telo118 [61]3 years ago
3 0

Answer:

$0.71

Explanation:

Calculation to determine What was the average selling price for the common stock issued

Using this formula

Common stock issued avarage selling price=

Paid-in Capital in Excess of Par-Common÷Common Stock par value per share

Let plug in the formula

Common stock issued avarage selling price=($600,000+$98,000)/($98,000÷$0.10)

Common stock issued avarage selling price=$698,000/$980,000

Common stock issued avarage selling price=$0.71

Therefore the average selling price for the common stock issued is $0.71

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________ refer to people in an organization's buying center who affect the buying decision; they often help define specification
joja [24]

Influencers refer to people in an organization's buying center who affect the buying decision; they often help define specifications and provide information for evaluating alternatives.

<h3><u>Explanation:</u></h3>

The term influencer refers to the persons who has the power in affecting the decisions related to the purchasing of any product. The decisions that are associated with the purchase made by other persons are influenced by the influencer because of the knowledge, authority, relationship or the position the has with the other person.

In the context of business and marketing, Influencers refers to those people who has the ability in affecting the purchasing or buying decisions. They influence the buying decisions of the audience by providing the information regarding the specifications definitions and also how to evaluate and choose among the different alternatives.

4 0
3 years ago
Operations management is​ applicable:
REY [17]

Answer:

b) To the manufacturing sector exclusively.

Explanation:

Operations management

It is one of the administration of the business practice , which enable to create very high efficiency within the organisation .

This administration is concerned with converting the labor and the material into services and goods , in order to maximize the profit of the organization .

The operations management team attempt to balance out the cost with the revenue in order to get the highest net operating profit possible .

It is exclusive to the manufacturing sector only .

4 0
3 years ago
Crimson Corp. was organized as a calendar-year corporation in January, Year 1, incurring $51,000 in qualified organizational exp
Lelechka [254]

Answer:

Total deductible organization expenses  is $ 6,611

Explanation:

Upto $ 5000 in qualifying organization expenses are deductible in the year they are incurred , with the amount reduced by the amount by which total organizational expenses exceed $50,000. With a total of $51,000 Crimson corp could deduct $ 4000 .

In addition , the remaining $ 47,000 is amortized over 15 years or 180 months , begining in the period in which the entity commences operations. Since crimson began operaions in March 2016 , amortization would be for 10 months ( march 2016 - december 2016 )

Amoritzation for march 2016 to december 2016 = 10 / 180 * $47,000

= $2611

Total deductible organization expenses = $4,000 + $ 2,611

= $ 6,611

3 0
3 years ago
With a​ downward-sloping demand​ curve, average revenue is equal to price A. because the firm must lower its price to sell addit
tia_tia [17]

Answer:

D. ​Actually, average revenue is always equal to​ price, whether demand is downward sloping or no

Explanation:

This is because Average revenue is the amount of revenue that is obtained by selling an addition unit of output. This additional revenue is always = Price as proven by the equation below,

Total Revenue = Price * Quantity

Thus, AR = Total Revenue / Quantity  

Input elements of the Total revenue we get,

AR = Price * Quantity / Quantity

AR = Price  

Hope that helps.

3 0
3 years ago
The idea that firms and resource suppliers in seeking to further their own self-interests in a competitive market economy also s
Lorico [155]
That is known as the "invisible hand"
4 0
3 years ago
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