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Eva8 [605]
2 years ago
5

The financial statements for Highland Corporation included the following selected information:

Business
1 answer:
ICE Princess25 [194]2 years ago
4 0

Answer:

a. Additional paid-in capital:

= Amount received from shares issued - Common stock

= (33 per share * 93,000) - 465,000

= $2,604,000

b. Beginning retained earnings:

Ending retained earnings = Beginning retained earnings + Net income - Dividend

830,000 = Beginning retained earnings + 1,120,000 - 720,000

Beginning retained earnings = 830,000 - 1,120,000 + 720,000

= $430,000

c. Treasury stock:

= Shares issued - Shares outstanding

= 93,000 - 65,000

= 28,000 shares

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Answer:

10%

25.14 years

Explanation:

A financial calculator can be used to solve these problems

PMT = $-1,100

PV = $5,355.26

FV = 0

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FV =  $1,387,311

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3 years ago
"Devon takes temporary family leave from her job at equipment rentals and sales company to care for a newborn baby. With respect
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Answer: D. Continue it"

Explanation: They do not have any legal reason to stop it, it is part of her right as a worker.

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2 years ago
The federal regulation of used-car sales requires that __________.
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The answer is to place warranty information in car windows or also known as the used-car rule. Car dealers who sell used cars to their consumers must follow the rules set by the Federal Trade Commissions, The Used Car Rule. This Used car rule is applicable to all states, except for Maine and Wisconsin.

4 0
2 years ago
The Hartford Symphony Guild is planning its annual dinner-dance. The dinner-dance committee has assembled the following expected
Lelu [443]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

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Tickets and advertising $ 1,300

The committee members would like to charge $35 per person.

1) Break-even point= fixed costs/ contribution margin

Break-evenn point= (Band+rental+professional entertainment+tickets)/[price - (dinner+favors)]

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7 0
3 years ago
If there is an unanticipated increase in aggregate demand, which of the following is most likely to occur?
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Answer:

A. an increase in the price level (inflation)

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