Answer:Flint corporation journal $
Date
1. Bank account Dr 7800
Common stock Or. 7800
Narration. Issuance of 700 ordinary stock for $7800 .
2. Bank account Dr 7800
Common stock Cr. 1400
Share premium. 6400
Narration. Issuance of 700 ordinary at $7800 at a premium.
Explanation:
Shares can be issued at par, premium or discount. When it's issued at it's nominal value it's said to be issued at par, when it's issued above it's nominal value it's said to be issued at a premium and when it's issued below par it's said to issued at a discount.
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Answer:
The loss on transfer of receivables is $960,000
Explanation:
Sales amount $12,000,000
Finance charge 3%*$12 million ($360,000)
Retention amount 10%*$12 million ($1,200,000)
Cash upfront $ 10,440,000
The recourse liability is $600,000,which means that additional liability of $600,000 would be incurred by Lacuna Inc, if the total amount from the receivables is not received owing to the fact that the factoring is with recourse.
The loss on transfer of receivables is shown as:
Finance charge $360,000
Recourse liability $600,000
total loss $960,000
1.
(in gambling) an independent party with whom each of those who make a wager deposits the money or counters wagered.
2.
a person with an interest or concern in something, especially a business.
Answer:
Workforce diversity challenges, technological challenges, and economic challenges
Explanation:
The challenges (trends) Consolidation Tech Plus (CTP), Inc. Should be aware of in the environment of human resource management that require HR to play a more central role in this growing organization are :
Workforce diversity challenges includes Acceptance and Respect, Accommodation of Beliefs ,Ethnic and Cultural Differences,
Gender Equality among others
Technological challenges includes Information security, Risk management and governance,
Regulatory compliance, Technology integration and upgradation, Resource management among others
Economic challenges includes Conflict and Poverty, Competing in a New Era of Globalization,Global Imbalances,Rise of New Powers among others
