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Musya8 [376]
3 years ago
15

The corporate charter of Torres Corporation allows the issuance of a maximum of 4,000,000 shares of $1 par value common stock. D

uring its first three years of operation, Torres issued 2,080,000 shares at $15 per share. It later acquired 80,000 of these shares as treasury stock for $25 per share. 1. How many shares were issued
Business
1 answer:
Ratling [72]3 years ago
5 0

Answer: 2,080,000 shares

Explanation:

The question states that 2,080,000 shares were issued at a price of $15 per share so this will be the number of shares issued.

Shares issued are those shares that were actually sold by the company from the number of Authorized shares and quite often they will be less than the number of Authorized shares allowed.

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When a company has a current obligation to make a future payment to their supplier due to a shipment of supplies that were recei
Vlad1618 [11]

Answer:

Liability

Explanation:

Assets are resources controlled by an entity as a result of a past event, for which future economic benefits flow to the entity.

Liabilities on the other hand are current obligations of an entity as a result of a past event for which future economic benefits are expected to flow our of the entity.

Therefore, when a company has a current obligation to make a future payment to their supplier due to a shipment of supplies that were received last week, the company would record this transaction with an increase to an asset account ( inventory or fixed asset for the item received) and a liability account due to the obligation to make future payments.

8 0
4 years ago
Seo Yeon is a paid intern working for a small team of four software developers. Each member of the team is facing different dead
____ [38]

Answer: B. Seo Yeon should set up an internal market, allocating 10 hours per week to each team member and allowing them to trade hours among themselves over the course of a month.

Explanation:

From the options given in the question, the solution that is likely to best allocate her time between the four team members will be option B "Seo Yeon should set up an internal market, allocating 10 hours per week to each team member and allowing them to trade hours among themselves over the course of a month".

Since the teams have different deadlines, she should allocate her time equally to the four teams and help them out based on their deadlines as those with nearer deadlines should be helped first. We should also note that she shouldn't allocate the whole 40 hours to a particular team as that's not fair and can bring about disunity.

8 0
3 years ago
Dragon makes all sales on account, subject to the following collection pattern: 30% are collected in the month of sale; 60% are
strojnjashka [21]

Answer: $174000

Explanation:

The firm's budgeted collections for August and the company's budgeted receivables balance on August 31 would be calculated as:

= (30% × $220,000) + (60% × $160,000) + (10% × $120,000)

= (0.3 × $220,000) + (0.6 × $160,000) + (0.1 × $120,000)

= $66000 + $96000 + $12000

= $174000

5 0
3 years ago
Due to ____, market forces should realign the relationship between the interest rate differential of two currencies and the forw
xxTIMURxx [149]

Answer:

Covered Interest Arbitrage

Explanation:

The Covered Interest Arbitrage is a term that refers to arbitrage trading approach in which a stockholder take the chance to gain advantage from the disparity in interest rate between two nations.

The trading strategy helps in its verifiability, quantifiability, consistency, and objectivity

It is designed to profit the investor from the differences in interest rates between two countries, when buying and selling foreign currencies.

When a market is small or there's a high level of competition, there's a possibility that the earnings on covered interest rate arbitrage won't yield much.

6 0
3 years ago
Read 2 more answers
​It's widely believed that​ self-driving vehicles will become commonplace in the fairly near future and that their growth will b
muminat

Answer:

Of course the US should implement policies designed to ensure that the country continues to lead the self-driving car industry. New technologies are always beneficial for the economy.

The government should consider handing out subsidies only if they can generate higher returns form market power than the costs of the subsidies.

4 0
3 years ago
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