All categories

3 years ago

Ogilvie Corp. issued 30,000 shares of no-par stock for $40 per share. Ogilvie was authorized to issue 53,000 shares.

Business

1 answer:

Rudik [331]3 years ago

3 0

Answer:

It will increase the assets of the company by 1200000,it will increase the equity of the company by 1200000.

Explanation: A No-par value stock or shares is a share that doesn't have any stated or designated value stated in its certificate.

Assets are value yielding or money making investments or facilities of a business Organisation.

Equity is a term used in accounting and investments to refer to the total value of a company's shares or stock.

THE EFFECTS ON OGILVIE CORP. WILL BE THE WORTH OF THE NO PAR STOCK *NUMBER OF UNITS ISSUED WHICH WILL BE EQUAL TO $40*30,000UNITS OF SHARES

=$1,200000 WORTH OF MONEY TO BE DOCUMENTED IN BOTH THE ASSET AND THE EQUITY OF THE COMPANY.

You might be interested in

During the last decade, there was an increase in sales in cds, dvds, pen drives, and portable hard discs, as people sought to re

kipiarov [429]

During the last decade, there was an increase in sales in cds, dvds, pen drives, and portable hard discs, as people sought to replace their obsolete floppy discs. in terms of the technology cycle, this is an example of <span>DISCONTINUOUS CHANGE.</span>

4 0

2 years ago

A partial list of Waterways' accounts and their balances for the month of November 2016 follows:

lesya [120]

Answer:

Total current assets = $697,750

Explanation:

The partial balance sheet is as follows:

Waterways Corporation

Balance Sheet (Partial)

For the month of November 2016

<u>Details $ $ </u>

<u>Current Assets</u>

Cash 260,000

Accounts Receivable 275,000

Finished Goods Inventory, November 68,800

Raw Materials Inventory, November 52,700

Prepaid Expenses <u> 41,250 </u>

Total current assets 697,750

Note:

Cash is the most liquid of assets.

Accounts receivable which should be collected within 30 to 60 days are less liquid than cash, but more liquid than inventory.

Finished Goods Inventory which is expected to be sold and converted to cash within one year, and Raw Materials Inventory which is expected to be converted to finished good within one year are more liquid than Prepaid expense.

Therefore, the least liquid among current assets’ item above is the Prepaid Expense as it is cash paid for services not yet received..

4 0

2 years ago

Anticipatory and response-based business models are the two ways used by firms to fulfill customer requirements. However, keepin

SashulF [63]

Anticipatory business model is the business type where everything is pre-defined and Response based business model is the one which have reduced the forecasting by joint planning.

<h3>What are types of business models?</h3>

There are various kinds of business model, which business performs these days, it also depends upon the range of customers the business is dealing with. Some of the hem are-

Bundling model. ...

Freemium model. ...

Razor blades model. ...

Product to service model. ...

Crowdsourcing model. ...

One-for-one model. ...

Franchise model. ...

Distribution model.

Thus, both the business model concentrate on different things.

For more details about types of business models, click here:

brainly.com/question/11230747

#SPJ1

5 0

2 years ago

Amazon stock prices gave a realized return of 6%, negative 6%, 9%, and negative 9% over four successive quarters. What is th

Anvisha [2.4K]

Answer:

-1.167%

Explanation:

The current value of the stock is given by applying all of the realized returns to the initial purchase price. Let 'A' be the initial price, the price at the end of the year is:

$P = A*(1+0.06)*(1+0.09)*(1-0.06)*(1-0.09)\\P=0.9883A$

At the end of the year, the stock had a price of 0.9883 times the initial price, the annual realizes return was:

$r=(0.9883 - 1)*100\%\\r= -1.167\%$

Annual realized return was -1.167%.

8 0

2 years ago

During an interview, Garrett makes sure to keep his palms facing upward. What does this suggest to the interviewer?

kodGreya [7K]

I think its A. That he is Honest

5 0

2 years ago

Read 2 more answers