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2 years ago

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Business

2 answers:

svet-max [94.6K]2 years ago

4 0

Answer:

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Reil [10]2 years ago

3 0

Answer:

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Explanation:

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A mining company declared a liquidating dividend. The journal entry to record the declaration must include a debit to1. Retained

gregori [183]

Answer: Option (2)

Explanation:

Paid in capital is referred to as or known as amount of the capital which is paid in by the investors during the preferred or common stock issuance, including par value of shares in addition to the amount in excess of the par value. The paid in capital tends to represent funds which are raised by organization through selling of equity.

6 0

2 years ago

In the last few decades the car manufacturing sector has found it difficult to compete with foreign car imports. High labor cost

vladimir2022 [97]

Answer: c. It could allow real wages to downwardly adjust more easily.

Explanation:

When there is modest inflation, companies in the car manufacturing industry can simply decide not to increase nominal wages. This would lead to a fall in real wages as inflation would ensure that the nominal wages are less than they were worth before.

This decrease in real wages will allow the companies in the industry to reduce labor costs in real terms and become more competitive with the foreign manufacturers.

3 0

3 years ago

David, an Alabama resident, files suit in an Alabama court against QuickAds, an internet company based in Georgia that provides

Wewaii [24]

Answer:

B) not likely to have jurisdiction over the case because QuickAds is based in Georgia.

Explanation:

US laws do not recognize the legal existence of foreign or out of state companies, a company only exists in the state at which it was chartered. Although the internet has complicated things, since boundaries have faded, but some conditions must be met before a state court can serve a foreign company.

For a foreign company to be served by a state court, it must carry on “continuous and systematic” affiliations with residents of the state which makes them “essentially at home”. The company's operations must be substantial enough to make the company at home, i.e. it must carry a significant amount of business within the states boundaries.

Apparently this is not the case with QuickAds, so Alabama state courts will not have jurisdiction over it.

4 0

3 years ago

Ed's Print Shop received an invoice dated May 10 for $2,500 with terms 3/10, 1/15, n/60. On May 22, Ed's Print Shop sent a parti

artcher [175]

Amount to be credited = $2,020

Outstanding balance = $480

Explanation:

The payment terms state that

3% discount may be taken within 10 days of the invoice date (up to May 20); or

1% discount may be taken within 15 days of the invoice date (after May 20 but not later than May 25); or

The net amount is due within 60 days of the invoice date if advantage is not taken of the cash discounts offered.
The 3% cash discount is not applicable as the payment was made on May 22 which is after the end of the discount period. However, the 1% discount is allowed, since payment on May 22 is within the 15-day period for the 1% discount.

Amount to be credited

= 2000 / (1−0.01)

= 2000 / (0.99)

= $2,020

Outstanding balance

= 2500 - 2020

= $480

3 0

2 years ago

A.C. Tech Manufacturing Appliances manufactures three sizes of kitchen appliances: small, medium, and large. Product information

Colt1911 [192]

Answer:

A.C. Tech Manufacturing Appliances

Product Models to produce first, if management incorporates a short-run profit-maximizing strategy:

Small Medium Large

Selling price $430 $610 $1,210

Variable cost $270 $280 $530

Contribution $160 $330 $680

Fixed Costs:

Fixed manufacturing $40 $170 $270

Fixed selling & admin $70 $75 $140

Unit Profit $50 $85 $270

Demand in units 150 170 150

Total profit $7,500 $14,450 $40,500

Machine hours/unit 60 60 150

Total machine hours required 9,000 10,200 22,500

Unit profit per machine hour $0.83 $1.42 $1.80

If management incorporates a short-run profit maximizing strategy, given maximum machine hours available, it should first produce the large model.

Explanation:

The large model offers better contribution per unit, better profit per unit and in total, and most importantly better profit per unit of hour (major constraint).

In making a limiting factor decision, the choice goes to the product model that produces more profit under the limiting constraint.

5 0

3 years ago