1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Trava [24]
3 years ago
15

Sheridan Company had these transactions during the current period. June 12 Issued 84,000 shares of $1 par value common stock for

cash of $315,000. July 11 Issued 3,400 shares of $102 par value preferred stock for cash at $107 per share. Nov. 28 Purchased 1,350 shares of treasury stock for $8,150.
Prepare the journal entries for the Sheridan Company transactions shown above.

On January 1, Marigold Corp. had 61,700 shares of no-par common stock issued and outstanding. The stock has a stated value of $4 per share. During the year, the following transactions occurred.

Apr. 1 Issued 12,600 additional shares of common stock for $12 per share.
June 15 Declared a cash dividend of $1.50 per share to stockholders of record on June 30.
July 10 Paid the $1.50 cash dividend.
Dec. 1 Issued 5,600 additional shares of common stock for $11 per share.
Dec. 15 Declared a cash dividend on outstanding shares of $1.70 per share to stockholders of record on December 31.
(a) Prepare the entries, if any, on each of the three dates that involved dividends.
Business
2 answers:
vladimir2022 [97]3 years ago
4 0

Answer:

The table is shown below

Explanation:

The table is as follows :

horsena [70]3 years ago
3 0

Answer:

The table is low bellow

Explanation:

Bella Dally

You might be interested in
Suppose that the inverse demand equation is p​ = 100 minus 2Q and the supply equation is p​ = 2Q. If the price is controlled at
Irina18 [472]

Answer: P =$50

Q= 25

Explanation: P= 100-2Q

P= 2Q

To get the quantity supplied Q, we have to educate both equations

100-2Q=2Q, 100=2Q+2Q

100=4Q, Q=100/4 , Q=25

To get the equilibrium price we have to substitute the value of Q which is 25 into any of the equation.

Using equation 1

P=100-2Q, P=100-2(25)

P=100-50, P=$50.

If the price is controlled at $60, then the production pays the producer this is because a commodity is not expected to be sold at the equilibrium price, price flooring is a way that government or a group control the market price of a commodity or produce by imposing a particular price on it. This is to ensure that the producers are not at loss with their production, a price floor is always higher than the equilibrium price to be effective as seen in the example given above, price floor is $60 while equilibrium price is $50.

An example of a price floor for services can be seen in the minimum wage stated by the government this is to ensure that people's services are not misused anyhow.

Price flooring most times can lead to surplus quantity produced if consumers are not willing to pay the price, because the producer will be wiling to produce more in order to make more profit.

4 0
3 years ago
Mcmurtry Corporation sells a product for $110 per unit. The product's current sales are 12,200 units and its break-even sales ar
denis23 [38]

Answer:

The correct answer is A.

Explanation:

Giving the following information:

Mcmurtry Corporation sells a product for $110 per unit. The product's current sales are 12,200 units and its break-even sales are 10,614 units.

<u>The margin of safety is the number of units or amount of dollars that provide genuine profit to the company. It is the "margin" that gives room to try new strategies</u>.

It is calculated using the following formula:

Margin of safety ratio= (current sales level - break-even point)/current sales level

Margin of safety ratio=  (12,200 - 10,614) / 12,200

Margin of safety ratio= 0.13=13%

5 0
3 years ago
The role of a labor union is to
devlian [24]

Answer:

D) represent the interests of workers in employment matters.

Explanation:

A labor union is an organization tha acts as an intermediary between its members and the business that employs them. The main purpose of labor unions is to give workers the power to negotiate for more favorable working conditions and benefits through collective bargaining.

8 0
3 years ago
Read 2 more answers
The term____ refers to a market exchange that affects a third party who is outside or external to the exchange
amm1812
The term spillover refers to a market exchange that affects a third party who is outside or external to the exchange
4 0
3 years ago
Sum Company has reminded Innovation Marketing of the limitations of their budget. Innovation Marketing reviewed the marketing pl
posledela

A planning process is ongoing when there is a review of the marketing plan to prompt Sum Company to look at the relationship between analysis and determination.

<h3>What is a planning process?</h3>

This refers to the necessary steps taken by a company to develop its budgets to guide its future activities.

Hence, a planning process is ongoing when there is a review of the marketing plan to prompt Sum Company to look at the relationship between analysis and determination.

Read more about planning process

<em>brainly.com/question/25453419</em>

#SPJ1

4 0
2 years ago
Other questions:
  • Unibronx is a company that manufactures inverters. It does extremely well in the market in its first year of business—its sales
    13·1 answer
  • The _____ value of stock is an amount assigned per share by the corporation in its charter. In many states, this amount establis
    11·1 answer
  • To be a successful manager, the only skills an IT project manager needs to possess is excellent technical skills.
    11·1 answer
  • The Jones Company has decided to undertake a large project. Consequently, there is a need for additional funds. The financial ma
    15·1 answer
  • When all employees are exceedingly clear about what is expected from them, guidelines for task completion are clear and understo
    15·1 answer
  • 13. You have started your first job today, and you want to buy a house within 3 years. You are currently saving for the down pay
    15·1 answer
  • Luther company uses a predetermined over head rate of $23.40 per direct labor- hour. This predetermined rate was base on a cost
    6·1 answer
  • For billing and collection purposes, companies keep a separate accounts receivable account for each customer called a ______ acc
    12·1 answer
  • What is the most common form of tax filing?
    5·2 answers
  • What is a common element of most budget documents in which the chief executive highlights the major issues, constraints, priorit
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!