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PilotLPTM [1.2K]
3 years ago
12

Jensen performed legal services to assist Balm Co. in accomplishing its initial organization. Jensen accepted 1,000 shares of $5

par common stock in Balm as payment for his services. The Balm shares were not yet publicly traded, but they had a book value of $4 per share. Jensen provided 48 hours of service, which is normally billed at $125 per hour. By what amount should the common stock account increase?
Business
1 answer:
KiRa [710]3 years ago
8 0

Answer: $5,000

Explanation:

The Common Stock account of a company will record stock only at the Par Value so that the Balance sheet is more accurate.

As such, the common stock account here will increase by;

= 1,000 * $5 par value

= $5,000

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Aviation Systems sells its products with a three-year manufacturing warranty. The company's sales revenue is $600,000. Based on
Vikki [24]

Answer:

$30,000

Explanation:

Warranty liability is a liability account used to report the expected amount of repairing or replacing products already shipped. It's a contingency liability and it should be recorded independently  from the actual warranty costs. Therefore, warranty liability, in this case, is:

$600,000 * 0.05 = $30,000

The estimated warranty liability reported in the balance sheet this year is $30,000

5 0
3 years ago
The measurement of how efficiently and effectively a manager uses resources to satisfy customers and achieve organizational goal
Elodia [21]

Answer:

Effectiveness

Explanation:

Organizational effectiveness shows the extent to which resources have been efficiently managed to produce intended results.

Efficiency has to do with maximal uses of resources available (i.e  input versus output) while effectiveness show whether desirable outcomes have been achieved i.e whether organizational objectives are being achieved.

4 0
4 years ago
When the Lego Movie was released to movie​ theaters, the intent was not necessarily to sell more​ Legos, but the firm did ha
Harman [31]

Answer:

The correct answer is the option B: branded.

Explanation:

To begin with, the term of <em>branded content</em>, in the field of marketing, refers to the practice that focuses in the creation of multimedia content that is funded or outright produced by and advertiser and whose main purpose is to give a message of the values of the company in the content created.

Secondly, the case of Lego is an example of branded content due to the fact that the company did not want to sell more products but instead <u>wanted to create a content that shows the values of the company such as imagination, being oneself and having fun</u>.

3 0
4 years ago
Southwest U's campus book store sells course packs for $14 each. The variable cost per pack is $12, and at current annual sales
Mumz [18]

Answer:

$23,000

Explanation:

current annual sales = 49,000 packs

Selling price of course packs = $14 each

variable cost per pack = $12

Earnings = $75,000

Contribution:

= current annual sales × (Selling price of course packs - variable cost per pack)

= 49,000 packs × ($14 - $12)

= 49,000 packs × $2

= $98,000

Fixed costs of producing the course packs:

= Contribution - Earnings

= $98,000 - $75,000

= $23,000

4 0
3 years ago
Cnooc, a Chinese public-sector company, has made a bid to purchase Canada’s Nexen, a big oil company, for C$ 15.1 billion in Jun
Phoenix [80]

Answer:

351,830,000 Yuan

Explanation:

Investment value = C$ 15.1 billion

Value in Yuan in June 2012 =   C$ 15.1 billion x  6.3698 Yuan/C$

Value in Yuan in September 2012 =   C$ 15.1 billion x  6.3465 Yuan/C$

The difference in Yuan if Cnooc has purchased Nexen in September instead of June is:

D= 15,100,000,000*(6.3698 - 6.3465)\\D= 351,830,000 \ Yuan

Cnocc saves 351,830,000 Yuan

3 0
3 years ago
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