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On January 1, 2021, Gridley Corporation had 375000 shares of its $2 par value common stock outstanding. On March 1, Gridley sold

lesya [120]

Answer:

1,075,000

Explanation:

Weighted average numbers of share account the weightage of outstanding numbers of the share in the year based on the outstanding period.

Outstanding Balances

375,000 share for 2 months

Addition of new 750000 shares on March 1

1,125,000 shares (375,000+ 750,000) for 2 months

Stock dividend of 20% ( 1,125,000 x 20% = 225,000) on May 1

1,350,000 shares (1,125,000+ 225,000) for 3 months

Retirement of 420,000 Shares on August 1

930,000 shares (1,350,000 - 420,000) for 3 months

Issuance of 600000 shares on November 1

1530,000 shares (930,000 - 600,000) for 2 months

Schedule for weighted average numbers of shares is attached please find it.

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3 0

3 years ago

Market research is the process associated with the controversial act of "data mining" or acquiring information about

alina1380 [7]

Answer:

True

Explanation:

Market research involves collecting, analyzing, and interpreting information regarding a company's brand name, products, services, or the market. It is concerned with gathering data on potential customers, existing and possible competitors of a product about to be launched. Market research is more of a feasibility study on products and services or markets.

Market research involves collecting data from different people, such as suppliers, customers, distributors, and traders. One has to engage these individuals and gather as much information from them. The activities of obtaining information are comparable to data mining.

8 0

3 years ago

suppose an economy is hit with a positive oil price shock in one period that raises the level of oil prices permanently. if adap

Tasya [4]

The economy is hit with a positive oil price shock in one period that raises the level of oil prices permanently. if adaptive expectations hold, this wil shift the AS curve up initially and then shift the AS curve back to original position in the following period.

<h3>What is the AS curve?</h3>

The aggregate supply curve describes the amount of real GDP that the economy supplies at different price levels. The reasoning used to construct the aggregate supply curve is different from the reasoning used to construct the supply curves of individual goods and services. The supply curve for a single good is constructed under the assumption that the prices of production inputs remain unchanged. If the price of good X rises, the unit cost for sellers to supply good X does not change, so sellers are willing to supply more of good X - so the supply curve for good X shifts upward. However, the aggregate supply curve is determined based on the price level. An increase in the price level increases the price producers receive for their output and thus increases production.

To learn more about AS curve, refer;

brainly.com/question/14020407

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4 0

1 year ago

A company reports the following: Cost of goods sold $660,000 Average inventory 60,000 Determine (a) the inventory turnover and (

rusak2 [61]

Answer:

the inventory turnover is 11

while the average days outstanding is 33 days

Explanation:

inventory turnover:

the amount of times the inventory rotetes (is being sold) during the period

$\frac{COGS}{AVERAGE\: INVENTORY }$

660,000/60,000 = 11

The company sold his invenotry 11 times

days outstanding :

time to sale the entire inventory

if it rotates 11 times per year and the year has 365 days then:

$\frac{365}{inventory_{TO}}$

365/11 = 33.18 = 33days

3 0

3 years ago

Maxim manufactures a cat food product called Green Health. Maxim currently has 10,000 bags of Green Health on hand. The variable

Fittoniya [83]

Answer:

Total gross profit =$ 50,565 

Explanation:

Gross profit is the sales revenue less the cost of the goods sold. The cost of goods sold would include the variable cost of production, fixed cost and the further processing cost

$

Sales revenue (10,000×$8.15) + ( 3100 ×$6.15) = 100,565

Further processing cost (21,000)

Variable cost ( 10,000 ×$1.90) (19,000)

Fixed cost (10,000)

Gross profit 50,565 

5 0

3 years ago